502 Grace LN

Austin, TX 78746

For Sale $2,350,000

Listed 97 days ago for $2,350,000
  • Status: Active
  • County: Travis
  • School District: Eanes ISD
  • Subdivision: Rob Roy West
  • Beds: 8
  • Bathrooms: 5
  • Half Bathrooms: 1
  • SqFt: 5,062
  • $/SqFt: 464.24
  • Lot Size: 3.747 acres
  • Levels: Two
  • Built: 1974
  • Est. Taxes: $4053
  • Association/HOA : No
  • Waterfront: No
  • Private Pool: No
  • Heating: Central
  • Cooling: Central Air
  • Interior Features: See Remarks
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.

Construction Materials
Brick, HardiPlank Type
Roof
Shingle
Exterior Features
Balcony, Private Yard, See Remarks
Green Energy Efficiency
See Remarks
Pool Features
None
Lot Features
Back to Park/Greenbelt, Back Yard, Gentle Sloping
Patio and Porch Features
Deck, Patio, Terrace
Waterfront Features
Creek
Appliances
See Remarks
Parking
Parking Spaces 10
Garage Spaces 2
Parking Features Additional Parking, Carport, Circular Driveway, Garage, Garage Faces Side
Community Features
None
Listing ID
6317516
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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