500 Grace Ln
Austin, TX 78746
- 8 beds
- 6 baths
- 3,000 sqft
- ~3 acre lot
- $853 per sqft
- 2010 build
- – on site
This unique property offers an incredible opportunity to own both a beautiful Victorian inspired custom home and multiple business spaces on expansive acreage. With 2 parcels and 3 dwellings, the possibilities are endless. The main residence is warm and inviting, designed for both comfort and entertaining. If features spacious living areas, charming architectural detail a stunning wrap around porch and a large yard with a fenced pool. In addition to the main home there are 2 additional dwellings. Both are currently used as office space. Each features multiple rooms, a kitchenette, at least one full bath making them ideal for business use or conversion into guest casitas. Located in an ETJ with no restrictions this property offers unparalleled flexibility. Whether you are looking to run a business, create rental opportunities, or enjoy multi generational living, this estate is rare to find. Nestled in the stunning Hill Country yet conveniently close to the city, this prime location ensures both tranquility and accessibility. Zoned for top rated Eanes ISD. There is also an opportunity to separate the lots and just buy one or the other. Each have dwellings on them.
Last checked:
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Last updated Mar 30, 2025
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MLS# 6954617 —
The Building
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Year Built:2010
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New Construction:false
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Roof:Composition
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Foundation:Slab
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Exterior Features:Balcony
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Accessibility Features:None
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Patio And Porch Features:Covered
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Window Features:Window Treatments
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Levels:Two
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Direction Faces:North
Interior
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Interior Features:Ceiling Fan(s)
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Living:2
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Dining:2
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Flooring:Carpet
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Fireplace:Wood Burning
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Fireplaces Total:1
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Laundry Location:Laundry Closet
Room Dimensions
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Living Area:3000
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Living Area Source:Plans
Financial & Terms
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Possession:Close Of Escrow
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Restrictions:None
Location
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Latitude:30.312622
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Longitude:-97.859795
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Directions:North on Bee Cave Rd. Turn right on Grace Lane, pass large office building property on your right.
The Property
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Property Type:Residential
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Subtype:Single Family Residence
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Parcel Number:2
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Property Condition:Resale
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Other Structures:Greenhouse
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Lot Features:Private
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Lot Size Acres:2.91
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Lot Size Area:2 Sqft
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Lot Size SqFt:126,759 Sqft
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View:Hill Country
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Waterfront:false
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Waterfront Features:None
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Horse:false
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Additional Parcels:true
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Fencing:None
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FEMA Flood Plain:No
Listing Agent
- Contact info:
- Agent phone:
- (512) 791-5921
- Office phone:
- (512) 809-5447
Beds
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Beds:4
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Bedrooms Total:8
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Main Level Bedrooms:4
Baths
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Total Baths:5
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Total Baths:6
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Full Baths:4
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Half Baths:2
The Listing
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Special Listing Conditions:Standard
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Listing Terms:Cash
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Occupant Type:Owner
Heating & Cooling
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Heating:Central
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Cooling:Ceiling Fan(s)
Utilities
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Utilities:Electricity Connected
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Sewer:Septic Tank
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Water Source:Municipal Utility District (MUD)
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Electric On Property:true
Appliances
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Appliances:Cooktop
Schools
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Elementary School:Forest Trail
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Elementary School District:Eanes ISD
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Middle School:West Ridge
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Middle School District:Eanes ISD
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High School:Westlake
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High School District:Eanes ISD
The Community
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Subdivision Name:Grace Hill
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Community Features:None
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Pool Private:true
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Pool Features:Above Ground
Parking
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Parking Features:Detached Carport
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Garage:false
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Attached Garage:false
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Garage Spaces:2
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Covered Spaces:2
Monthly cost estimate
Asking price
$2,559,750
| Expense | Monthly cost |
|---|---|
|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$13,706
|
| Taxes | N/A |
| Insurance | $703 |
| Utilities | $214 See report |
| Total | $14,623/mo.* |
| *This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
