502 Grace Lane, Austin

$2,350,000

0 Beds
0 Baths
0 Sqft
3¾ Acres
0 Garages

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.

Essential Information
MLS® #5084395
Price$2,350,000
Bathrooms0.00
Acres3.75
TypeLand
Sub-TypeUnimproved Land
StatusActive
Community Information
Address502 Grace Lane
SubdivisionRob Roy West
CityAustin
CountyTravis
StateTX
Zip Code78746
Amenities
FeaturesNone
WaterfrontCreek
Utilities

Above Ground Utilities, Electricity Available, Water Available, Propane

View

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

Lot Description

Back Yard, Backs to Greenbelt/Park, Gentle Sloping

School Information
DistrictEanes ISD
ElementaryValley View
MiddleWest Ridge
HighWestlake
Additional Information
ZoningNo Zoning Restricitons
Listing Details
Contact Details(512) 368-8078
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The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS) from May 8th, 2024 at 10:30pm CDT. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein "AS IS" and without any warranty, express or implied. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market.

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