$2,350,000

502 Grace Lane, Austin, TX

3.75

Acres

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.

Facts & Features

ListingFeed abor
MLS® # 5084395
Price $2,350,000
Bathrooms 0.00
Acres 3.75
Type Lots and Acreage
Sub-Type Unimproved Land
Status Active

Community Information

Address 502 Grace Lane
Subdivision Rob Roy West
City Austin
County Travis
State TX
Zip Code 78746

Amenities

Utilities Above Ground Utilities, Electricity Available, Water Available, Propane
Features None
View Canyon, Park/Greenbelt, Creek/Stream, Trees/Woods
Is Waterfront No
Waterfront Creek
Has Pool No

Interior

Fireplace No

Exterior

Lot Description Back Yard, Backs to Greenbelt/Park, Gentle Sloping

School Information

District Eanes ISD
Elementary Valley View
Middle West Ridge
High Westlake

Additional Information

Zoning No Zoning Restricitons
Foreclosure No
Short Sale No
RE / Bank Owned No
Contact Details (512) 368-8078

Listing Map

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