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
Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Austin/Central Texas Realty Information Service.
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
©2024 Austin/Central Texas Realty Information Service. All rights reserved.
Database last updated 7:16 PM UTC, 2/15/2024