$2,389,000
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 |
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MLS® # | 5772219 |
Price | $2,389,000 |
Bathrooms | 0.00 |
Acres | 3.75 |
Type | Lots and Acreage |
Sub-Type | Unimproved Land |
Status | Active |
Community Information
Address | 502 Grace Lane |
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Subdivision | Rob Roy West |
City | Austin |
County | Travis |
State | TX |
Zip Code | 78746 |
Amenities
Utilities | Above Ground Utilities, Electricity Available, Propane, Water Available |
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Features | None |
View | Canyon, Park/Greenbelt, Creek/Stream, Trees/Woods |
Is Waterfront | No |
Waterfront | Creek |
Has Pool | No |
Interior
Fireplace | No |
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Exterior
Lot Description | Back Yard, Backs to Greenbelt/Park, Gentle Sloping |
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School Information
District | Eanes ISD |
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Elementary | Valley View |
Middle | West Ridge |
High | Westlake |
Additional Information
Zoning | No Zoning Restricitons |
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Foreclosure | No |
Short Sale | No |
RE / Bank Owned | No |