Property Description

Livable 2600 sq ft home, 2 bed 1 bath duplex and 500 sq ft guest house. MAGICAL PROPERTY WITH BREATHTAKING CANYON VIEWS NO ZONING RESTRICTIONS. LEGAL TRACT EXEMPT FROM REQUIREMENT TO PLAT The property has several tiers, leading from a hilltop down to an amazing long-flowing creek, and is surrounded by an abundant number of trees, as the land surrounding the structures has never been developed. This is a prospective buyer’s or developer’s dream lot, depending on the path the new owner decides to take. The property is just under a four-acre wooded tract in Rob Roy West, situated near Bee Cave Road, which could be cleared and constructed into a vast single-family estate, serving as the first option. Secondly, it has the potential to be transformed into a condo or apartment development. Thirdly, it could be utilized as an income-generating property, as it already has a large rock house, two two-bedroom in duplex 1600 sq ft , and a one-bedroom cottage/guest house that is available for immediate occupancy. The property deed has no restrictions, as it has been grandfathered since the 1970s. The property is located in the Eanes Independent School District and the City of Austin ETJ. Additionally, there are multiple Austin Electric meters on the property, a 950-foot deep well that supplies water, and two MUD districts located in close proximity. Three structures total of 5062 sq ft. Please contact me for Survey.

Features
: Central
: Central Air
: Barbed Wire
: Trees/woods, Creek/stream, Park/greenbelt, Canyon
: Patio, Deck, Terrace
: See Remarks
: See Remarks, Balcony, Private Yard
: Great Room
1
: See Remarks
2
: See Remarks
: Gentle Sloping, Back Yard, Back To Park/greenbelt
: Garage, Garage Faces Side, Carport, Additional Parking, Circular Driveway
: Shingle
: Septic Tank
: Electricity Available, Above Ground, Propane, Water Available
: Creek
Address Map
US
TX
Travis
Austin
78746
502 Grace LN, Austin TX 78746
0
W98° 8' 24.9''
N30° 18' 45.2''
East
Bee Caves Rd Turn on Grace Lane. Vier to the Right on the road.
Rob Roy West
MLS Addon
@ properties Christie's International
Beth Sher
: Hardiplank Type, Brick
Valley View
: Slab
Westlake
: Two
550613
704437
West Ridge
1
: Guest House, Second Residence
: Standard
: Municipal Utility District (mud)
Eanes ISD
Eanes ISD
Eanes ISD

Residential For Sale

502 Grace LN, Austin TX 78746, Austin, Texas 78746

8 Bedrooms
5 Bathrooms
5,062 Sqft
$2,350,000
Listing ID #6317516
Basic Details
Property Type : Residential
Listing Type : For Sale
Listing ID : 6317516
Price : $2,350,000
Bedrooms : 8
Bathrooms : 5
Half Bathrooms : 1
Square Footage : 5,062 Sqft
Year Built : 1974
Lot Area : 163,219 Sqft
Bathrooms Total : 5.5
Status : Active
Property SubType : Single Family Residence