502 Grace LN

Austin, TX 78746

For Sale $2,350,000

Listed 97 days ago for $2,350,000
  • Status: Active
  • Property Type: Single Lot
  • County: Travis
  • School District: Eanes ISD
  • Subdivision: Rob Roy West
  • $/SqFt:
  • Lot Size: 3.747 acres
  • Est. Taxes: $4053
  • Association/HOA : No
  • Waterfront: No
  • Private Pool: No
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.

Lot Features
Back to Park/Greenbelt, Back Yard, Gentle Sloping
Waterfront Features
Creek
Other Structures
Guest House, Second Residence
Utilities
Above Ground, Electricity Available, Propane, Water Available
Water Source
MUD
Green Energy Efficiency
None
Community Features
None
Listing ID
5084395
Sub Agency Compensation
1%
Buyer Agency Compensation
3%
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

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