Active

502 Grace LN

Austin TX, 78746

$2,350,000


$14.40 per sqft

Active

3.75 Acres

Land

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 Land and Topo Survey.

5084395

MLS ID

February 7, 2024

Listed

February 15, 2024

Updated

Map

502 Grace LN
Austin TX, 78746

Exterior/Building Features

Lot Size

3.75 Acres


Lot Features

Back to Park/Greenbelt, Back Yard, Gentle Sloping


Sewer

Septic Tank

School Information

School District

Eanes ISD


High School

Westlake


Elementary School

Valley View

Other Property Details

Area Name

8W


Garage

No


View

Yes


View Description

Canyon, Creek/Stream, Park/Greenbelt, Trees/Woods


County

Travis


Water Source

Municipal Utility District (MUD)


Pool

No


Buyer Agency Compensation

3%

Courtesy of @ properties Christie's International

Listing Contact: (512) 368-8078

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Listings courtesy of ACTRIS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of ©2024 (date and time MLS GRID Data was obtained). All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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Database last updated 7:16 PM UTC, 2/15/2024

 

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