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ActiveMLS #5388435

502 GraceLane LN, Austin TX 78746

Austin, TX 78746 · Rob Roy West

Single Family Residence for sale in Rob Roy West

9Bedrooms
5Bathrooms
5,000Square Ft
3.74Acres
2Garage
1978Year Built
Price Reduced
1 / 36
$2,200,000$2,250,000
3D tour

Overview

Property Description

MAGICAL PROPERTY WITH BREATHTAKING CANYON VIEWS AND STUNNING WET WEATHER CREEK INVESTMENT/BUILDER OPPORTUNITY: No Zoning Restrictions Escape the ordinary and enter a realm of enchantment at 502 Grace Lane. Nestled in the Eanes Independent School District, this sprawling property boasts breathtaking canyon views and ancient forests. The possibilities are endless. The property itself is a wonderland. A comfortable 2500 sq ft main house offers a perfect sanctuary, while a charming duplex and a quaint guest house provide additional space or income potential. Cascading tiers lead down to a mesmerizing creek, all encompassed by pristine woodlands. This legal tract is a blank canvas for your vision. Whether you seek a sprawling estate, a community haven, or a source of income, the choice is yours. Since the 1970s, the property has enjoyed freedom from zoning restrictions, empowering you to shape its destiny. Multiple electric meters, a deep well, and potential for MUD districts ensure convenience and self-sufficiency. Three structures totaling 5000 sq ft await your arrival. 2500 sq ft home, 2 bed 1 bath duplex 1500 sq ft. and 500 sq ft guest house.

Financial Info
Price
$2,200,000
$ / Sqft
$440
HOA
None
Tax Rate
1.9%
Est. Taxes
$5,484
Tax Year
2025
Exemptions
None
Legal Info
Address
502 GraceLane LN
County
Travis
City
Austin
State
TX
Zip
78746
Subdivision
Rob Roy West
Legal Description
IMPS ONLY ABS 734 SUR 499 SERGEANT W ACR 3.752
Parcel
534871
Interior Features
Floor
See Remarks
Num Living
5
Dining
5
Appliances
See Remarks
Laundry
Laundry Closet
Master Main
Yes
Fireplaces
1
Fireplace Description
See Remarks
Interior Features
See Remarks, None
General Info
Beds
9 Total / 8 Main Level / 1 Other Level
Full / Half Baths
5 / 0
Prop Type
Residential
Property Type
Single Family Residence
Stories
2
Year Built
1978 / See Remarks
Square Feet
5,000 / Public Records
Garages
2
Garage Desc
Detached Carport, Garage
Foundation
See Remarks
Roof
Shingle
Construction
See Remarks
Acres
3.74
Lot Description
Back to Park/Greenbelt, Native Plants, Pie Shaped Lot, Trees-Moderate, Views
Restrictions
None
Flood Plain
No
View
Creek/Stream, Hill Country, Park/Greenbelt, Trees/Woods
Water Access
No
Waterfront
No
Area
8W
Utility Info
Water
See Remarks, Well
Sewer
Septic Tank
Utilities
See Remarks, Electricity Connected, Natural Gas Available
Heat
Central
A C
Central Air
Exterior Features
Fence
Wood
Exterior Features
See Remarks
Pool On Property
No
Area Amenities
None

Price history

Days on market
−$50,000 (−2.2%)
$2,250,000 → $2,200,000
1
Price reduction
Active
Since Jul 15, 2026
Price trend
List priceJul 2026 → Jul 2026
Property history2 events
DateEventPriceChange
Jul 22, 2026Price Decrease$2,200,000−$50,000 (−2.2%)
Jul 15, 2026New Listing

Taxes

2026 Estimated Property Taxes

No safe current-year residential account match is available.

Informational estimate, not a tax bill or taxes paid. Exemptions and tax ceilings can make taxes differ from the combined rate multiplied by one taxable value. PID assessments and other special charges are excluded; collector coverage has not been established.

Source: Travis County

General Information
Owner
DOVE MONTE L & DOLORES L
Legal
IMPS ONLY ABS 734 SUR 499 SERGEANT W ACR 3.752
Geo ID
prop:534871
Exemptions
Exemption Type
None on record
Tax Summary
MLS estimated annual taxes
$5,484
MLS tax year
2025
Historical Tax Summary

Older years use the legacy CAD source and may differ from final bills. Annual estimates appear only when supplied by that source; rates and taxes paid are not included in these appraisal records.

YearLandImprovementsMarketAssessedAnnual Tax Estimate
2025$0$146,536$146,536$146,536—

Source: Travis County

Schools

School Info
District
Eanes ISD
Elementary
Forest Trail
Middle
West Ridge
High
Westlake

Maps

Financing

Your preferences

  • 20% down
  • Conv/Jumbo
  • 30 years
  • 6.50% rate

Saved on this device

List price $2,200,000
Down payment
Stays 20% if you change the price
Note rate, not APR
From this listing’s tax record
*Estimated only (1% of price / yr)

Estimated monthly payment

$13,414 / mo

20% down · 6.50% interest · 30-year fixed

Estimated monthly payment $13,414

Principal & interest
$11,124
Property taxes
$457
Homeowners insurance
$1,833

*PITI only

These figures are estimates for general information only — not a loan offer, a quote, or a guarantee of financing terms.

Principal, interest and balance for each year
YearStarting balancePrincipal paidInterest paidEnding balancePrincipal vs interest
1$1,760,000$19,672$113,821$1,740,328
2$1,740,328$20,989$112,503$1,719,339
3$1,719,339$22,395$111,098$1,696,943
4$1,696,943$23,895$109,598$1,673,048
5$1,673,048$25,495$107,997$1,647,553
6$1,647,553$27,203$106,290$1,620,350
7$1,620,350$29,025$104,468$1,591,326
8$1,591,326$30,968$102,524$1,560,358
9$1,560,358$33,042$100,450$1,527,315
10$1,527,315$35,255$98,237$1,492,060
  • Year 1$1,740,328
    Principal paid
    $19,672
    Interest paid
    $113,821
    Starting balance
    $1,760,000
  • Year 2$1,719,339
    Principal paid
    $20,989
    Interest paid
    $112,503
    Starting balance
    $1,740,328
  • Year 3$1,696,943
    Principal paid
    $22,395
    Interest paid
    $111,098
    Starting balance
    $1,719,339
  • Year 4$1,673,048
    Principal paid
    $23,895
    Interest paid
    $109,598
    Starting balance
    $1,696,943
  • Year 5$1,647,553
    Principal paid
    $25,495
    Interest paid
    $107,997
    Starting balance
    $1,673,048
  • Year 6$1,620,350
    Principal paid
    $27,203
    Interest paid
    $106,290
    Starting balance
    $1,647,553
  • Year 7$1,591,326
    Principal paid
    $29,025
    Interest paid
    $104,468
    Starting balance
    $1,620,350
  • Year 8$1,560,358
    Principal paid
    $30,968
    Interest paid
    $102,524
    Starting balance
    $1,591,326
  • Year 9$1,527,315
    Principal paid
    $33,042
    Interest paid
    $100,450
    Starting balance
    $1,560,358
  • Year 10$1,492,060
    Principal paid
    $35,255
    Interest paid
    $98,237
    Starting balance
    $1,527,315
First 10 of 30 years

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Courtesy of Christies Intl Real Estate Lone Star · (512) 270-8586

Listings courtesy of ACTRIS as distributed by MLS GRID.