$10,000 Closing Credit¹
#9862673, Liz Aston, Listing Office: Compass RE Texas, LLC
$2,459,750 List price
500 Grace Ln Austin, TX 78746
$10,000
Closing credit¹
4 beds
4 full, 2 partial
3,000 sqft
2.9 acres
$820 / sqft
House
Property details
About 500 Grace Ln
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.
Highlights
Home typeSingle Family Residence
HeatingCentral
StatusActive
CoolingCentral Air, Ceiling Fan(s)
Size3,000 sqft
Lot size2.91 Acres
Year built2010
ParkingDetached Carport
MLS #6954617
Garage2 spaces
FireplaceWood Burning
ViewHills
Private poolYes
Summary
- Partial Bathrooms: 2
- Full Bathrooms: 4
- Appliances: Cooktop, Dishwasher, Gas Cooktop, Disposal, Gas Oven, Microwave
- Flooring Type: Carpet, Tile
- Interior: Ceiling Fan(s), Separate/Formal Dining Room, High Ceilings, Kitchen Island, Multiple Living Areas, Multiple Dining Areas
- Fireplace: Wood Burning
- Total Bedroom Count: 4
- Garage Space: 2 spaces
- Private Pool: Yes
- Parking: Detached Carport
- Waterfront: None
- View: Hills
- Exterior: Balcony, Private Yard, See Remarks
- Heating: Central
- Cooling: Central Air, Ceiling Fan(s)
- List Price: $2,459,750
- Price/SqFt: $819
- Annual Tax Amount: $11,596
- Tax Year: 2024
- Lot: Private
- Directions: North on Bee Cave Rd. Turn right on Grace Lane, pass large office building property on your right.
- Year Built: 2010
- Stories: 2
- Living Area: 3,000 SqFt
- Lot Size: 2.91 Acres
- MLS Number: 6954617
- MLS Name: ACTRIS
- Office Name: MCLANE REALTY, LLC
- Office Phone: (512) 791-5921
- Listing Agent: Dar McLane
Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS or Unlock MLS®). All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS, Unlock MLS and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively 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. Data maintained by the Board, ACTRIS or Unlock MLS may not reflect all real estate activity in the market. Prices displayed on all Sold listings are the Last Known Listing Price and may not be the actual selling price.
Copyright 2025 Unlock MLS and Austin Central Texas Realty Information Services, Inc.
Listings courtesy of Unlock MLS as distributed by MLS GRID.
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. Properties displayed may be listed or sold by various participants in the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
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Last updated on: 5/3/2025, 6:20:47 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$2,459,750
500 Grace Ln
$10,000
closing credit¹
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Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $830,410 | $11,596 |
| 2023 | $784,124 | $11,596 |
| 2022 | $763,424 | $11,596 |
| 2021 | $734,901 | $13,169 |
| 2019 | $774,986 | $13,817 |
| 2018 | $725,889 | $11,345 |
| 2017 | $639,640 | $11,550 |
History based on county public records data.
Nearby schools
10
Barton Creek Elementary School
Public District KG-5
1.4 mi
•1370 Patterson Rd
7
Valley View Elementary School
Public District KG-5
3.0 mi
•1201 S Capital of Texas Hwy
9
Forest Trail Elementary School
Public District KG-5
3.1 mi
•1203 S Capital of Texas Hwy
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $204,386. The majority of Austin, TX residents have income $200k+ annually. Most families are married, with kids. Typical level of education for residents in this area is post secondary degree.
How much money do the neighbors make?
8%
<35k
15%
35k-100k
23%
100k-200k
54%
200k+
What level of education do the neighbors have?
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
16%
Single, No Kids
7%
Single, with Kids
30%
Married, No Kids
47%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
15%
<11 yrs old
17%
12-17 yrs old
9%
18-34 yrs old
50%
35-64 yrs old
9%
65+ yrs old
What do the neighbors do for fun?
Skiing/snowboarding
PGA/LPGA
Extreme Sports
Where do the neighbors shop?
BJs Wholesale Club
Stein Mart
Nordstrom
Where do the neighbors go to eat?
Panera
Cracker Barrel
California Pizza Kitchen
What do the neighbors drive?
Infiniti
Lexus
BMW
What do the neighbors listen to?
Adult Hits
Oldies- Talk/Personality
All data provided by Home Junction and Claritas
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Frequently asked questions
About 500 Grace Ln
The listing price of 500 Grace Ln property is $2,459,750.
The property 500 Grace Ln is a house located in Austin, Texas, 78746.
Active Listing: 500 Grace Ln is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 500 Grace Ln are: Barton Creek Elementary School (GreatSchools Rating 10/10), Valley View Elementary School (GreatSchools Rating 7/10), Forest Trail Elementary School (GreatSchools Rating 9/10), West Ridge Middle School (GreatSchools Rating 10/10), Hill Country Middle School (GreatSchools Rating 10/10), Canyon Ridge Middle School (GreatSchools Rating 9/10), Westlake High School (GreatSchools Rating 9/10), Austin High School (GreatSchools Rating 8/10), Vandegrift High School (GreatSchools Rating 8/10).
According to the records, the last property tax for 2024 is $11,596 (source: MLS/based on county public records data).
The property at 500 Grace Ln has 4 bedrooms and 4 full and 2 half bathrooms.
The property 500 Grace Ln is 3,000 SqFt (source: MLS/tax record).
The year of construction for 500 Grace Ln is 2010.
This home is located at 500 Grace Ln in Austin, TX and zip code 78746 in the Rob Roy neighborhood. This 3,000 square foot home, which was built in 2010, sits on a 2.91 acre lot. Features: 4 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since March 28, 2025 and is currently priced at $2,459,750.
Austin, TX housing market in April 2025 saw over 136 listings sold above listed price, more than 135 sold at listed price and over 524 sold below. The inventory of homes for sale in Austin, TX between March and April 2025 increased by 23.5%. The median list price of listings available in April 2025 was $577,195, while the average time on the real estate market was 48 days.
From Rocket Homes Real Estate and based on county public records data.