$2,350,000 $12,615 est/mo Sourced by Back At You

502 Grace Ln,Austin, TX 78746

Austin TX, 78746

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Description

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.

Details

MLS#5084395
Listing TypeFor Sale
StyleFarm or Ranch
Sub-TypeResale
StatusActive
Days On Site111
Listing Provided By@ properties Christie's International | Beth Sher

Features

ZoningNo Zoning Restricitons
Acreage3.75
Water FrontYes
Property ViewCanyon, Creek, Stream, Park, Gre

 Listings courtesy of Austin Board of REALTORS® MLS as distributed by MLS GRID.

Based on information submitted to the MLS GRID as of May 28, 2024 at 12:52:21 PM PDT All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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Learn More About This Property

StateTX
CountyTravis
CityAustin
Zip Code78746
Area8W
Community NameRob Roy West
School DistrictWestlake
Elementary SchoolValley View
Middle SchoolWest Ridge
High SchoolWestlake
Listing VS Median (in Rob Roy West)
Price:
$2,350,000
low | high
Med:
$2,350,000
50% of Average
On Site:
111
low | high
Med:
111.000000
100% of Average
Sourced by Back At You
Listing Updated: May 21, 2024 at 11:39:35 PM PDT