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502 Grace LN
Austin, TX 78746
UNDER
CONTRACT
$2,500,000
Under Contract
3.75
AcresMLS# 5720548
Listed on site 148 days since April 29th, 2023
Property Details
MAGICAL PROPERTY WITH BREATHTAKING CANYON VIEWS NO ZONING RESTRICTIONS. LEGAL TRACT EXEMPT FROM REQUIREMENT TO PLATThe 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 duplexes, and a one-bedroom cottage 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. Please contact me for Survey.
Property Highlights
Price
$2,500,000
Property Type
Land
Property Sub Type
Single Lot
Acres
3.75
Location
County
Travis
Subdivision
Rob Roy West
View
Canyon, Creek/Stream, Park/Greenbelt, Trees/Woods
Waterfront Features
Creek
Zoning
No Zoning Restricitons
Property Details
Price
$2,500,000
Property Sub Type
Single Lot
Property Type
Land
Community
Community Features
None
Local Schools
Elementary School
Valley View
High School
Westlake
Middle School
West Ridge
School District
Eanes ISD
Terms
Terms
Special Conditions
Standard
Special Terms
Cash, Conventional, FHA
Heating, Cooling & Utilities
Utilities
Sewer
Septic Tank
Utilities
Above Ground, Electricity Available, Propane, Water Available
Water Source
Municipal Utility District (MUD)
Lot
Acres
3.75
Lot Dimensions
3.747 acres
Lot Features
Back to Park/Greenbelt, Back Yard, Gentle Sloping
Lot Size
4
Lot Size Area Sq Ft
163,219
Exterior Features
Horse Amenities
None
Listed by Re/max Posh Properties. Listing Data last updated 25th September, 2023 16:00 MST
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Property History
148 days ago
Property Listed
41 days ago
Date of last price change
4 days ago
Property info last updated
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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 from 25th September, 2023 16:00 MST. The Austin Board of REALTORS provide the MLS and all content therein "AS IS" and without any warranty, express or implied. Data maintained by the Board may not reflect all real estate activity in the market.
All information provided is deemed reliable but is not guaranteed and should be independently verified.
Listing Data last updated: 25th September, 2023 16:00 MST
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Listed by Re/max Posh Properties
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