500 Grace Lane
Austin, TX 78746
3000 sqft | 8 beds | 5 baths | 2.91 acres | #6954617
Description
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.
Property Details
- InteriorCeiling Fans, Separate Formal Dining Room, High Ceilings, Kitchen Island, Multiple Living Areas, Multiple Dining Areas
- Utility FeaturesElectricity Connected, Sewer Connected, Water Connected
- Utility SourceMunicipalUtilityDistrict
- Exterior MaterialsBalcony, Private Yard
- Property SubtypeSingleFamilyResidence
- Elementary SchoolForest Trail
- Sewer InformationSeptic Tank
- SubdivisionGrace Hill
- Middle SchoolWest Ridge
- Original List Price$2,559,750
- School DistrictEanes ISD
- Property TypePurchase
- High SchoolWestlake
- Lot DescriptionPrivate
- MLS #6954617
- Cost2559750
- MLS #6954617
- CountyTravis
- Property ConditionResale
- ViewHills
- Acres2.91
- Square Feet3000
- Year Built2010
- FoundationSlab
- Fireplaces1
- Bedrooms8
- Bathrooms5
- Full Baths4
- Half Baths2
- Pool1
- Parking Spaces2
- Days on Market (Cumulative)3
Location
Legal
Based on information submitted to the MLS GRID as of 2025-03-29 16:23:49 UTC. 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.
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®. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. All data is provided "AS IS" and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market.
Last Updated: . Source: ACTRIS
Listing Courtesy
Listing Agent: Dar McLane (#640323), Phone: (512) 791-5921
Listing Office: MCLANE REALTY, LLC (#701620)

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