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502 Grace Ln, 
Austin, TX 78746

$2,250,000

8

Beds

—

Bath

5,062

Sq Ft

Single Family

Active

Listed by

Beth Sher

, 

Mary Anne Mcmahon

Christie'S Int'L Real Estate

512-270-8586

Last updated:

April 11, 2026, 03:04 PM

MLS#

3915094

Source:

ACTRIS

About This Home

502 Grace Ln

INVESTMENT/BUILDER OPPORTUNITY: Seller Financing Option: Escape the ordinary and enter a realm of enchantment at 502 Grace Lane. Nestled in the Eanes Independent School District, this sprawling property boasts breathtaking canyon views and ancient forests. Unbound by restrictions, the possibilities are endless. The property itself is a wonderland. A comfortable 2600 sq ft main house offers a perfect sanctuary, while a charming duplex and a quaint guest house provide additional space or income potential. Cascading tiers lead down to a mesmerizing creek, all encompassed by pristine woodlands. This legal tract is a blank canvas for your vision. Whether you seek a sprawling estate, a community haven, or a source of income, the choice is yours. Since the 1970s, the property has enjoyed freedom from restrictions, empowering you to shape its destiny. Multiple electric meters, a deep well, and nearby MUD districts ensure convenience and self-sufficiency. Three structures totaling 5062 sq ft await your arrival. 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

Home Facts

Single Family

8 Bedrooms

Built in 1974

Price Summary

2,250,000

$444 per Sq. Ft.

MLS #:

3915094

Last Updated:

April 11, 2026, 03:04 PM

Rooms & Interior

Bedrooms

Total Bedrooms:

8

Bathrooms

Full Bathrooms:

5

Interior

Living Area:

5,062 Sq. Ft.

Structure

Structure

Building Area:

5,062 Sq. Ft.

Year Built:

1974

Finances & Disclosures

Finances

Price:

$2,250,000

Price per Sq. Ft:

$444 per Sq. Ft.

Source:ACTRIS
Copyright 2026 UnLock MLS . All rights reserved. Listings courtesy of UnLock MLS as distributed by MLS GRID

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.