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This unique property offers an incredible opportunity to own both a beautiful Victorian inspired custom home with additional dwelling(s) as well that can be used for commercial/business or a casita. Casita is currently being used as leased office space. Located in an ETJ there are no restrictions and signage for business can be placed on Bee Caves Rd. 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 is an additional dwelling with 2 bedrooms, 3 living areas, a kitchenette and a half bath Ea. 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. City water is accessible but property is currently on a well dug to the trinity level. Fenced pool on property. Great location, 15 minutes to downtown Austin and 10 minutes to the Hill Country Galleria. please note that 500 Grace Lane is also listed under commercial and available for purchase as well. 500 Grace Lane is a 1400 soft office building on 1 acre offered at $775K..
| LAST UPDATED | 6/25/2025 | TRACT | Grace Hill |
|---|---|---|---|
| YEAR BUILT | 2010 | COMMUNITY | Grace Hill |
| GARAGE SPACES | 2.0 | COUNTY | Travis |
| STATUS | Pending | PROPERTY TYPE(S) | Single Family |
| Elementary School | Forest Trail |
|---|---|
| Jr. High School | West Ridge |
| High School | Westlake |
| PRICE HISTORY | |
| Prior to May 28, '25 | $1,500,000 |
|---|---|
| May 28, '25 - Jun 5, '25 | $1,400,000 |
| Jun 5, '25 - Jun 19, '25 | $1,300,000 |
| Jun 19, '25 - Today | $1,250,000 |
| ADDITIONAL DETAILS | |
| AIR | Ceiling Fan(s), Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Cooktop, Dishwasher |
| AREA | 8W |
| CONSTRUCTION | HardiPlank Type |
| EXTERIOR | Balcony, Private Yard |
| FIREPLACE | Yes |
| GARAGE | Yes |
| HEAT | Central |
| INTERIOR | Ceiling Fan(s), High Ceilings, Kitchen Island |
| LOT | 1.9 acre(s) |
| LOT DESCRIPTION | Back Yard, Private |
| PARKING | Detached Carport |
| POOL | Yes |
| POOL DESCRIPTION | See Remarks, Above Ground, Fenced, Private |
| SEWER | Septic Tank |
| STORIES | 1 |
| SUBDIVISION | Grace Hill |
| TAXES | 14515.49 |
| UTILITIES | Electricity Connected, Sewer Connected, Water Connected |
| VIEW | Yes |
| VIEW DESCRIPTION | Trees/Woods |
| WATER | Private, Well |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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*Estimate only
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Property listed by Dar McLane, MCLANE REALTY, LLC
Based on information from the Austin Board of REALTORS ® (alternatively, from ACTRIS) for the period through 7/15/25 9:23 PM PDT. 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.
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.
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.
This IDX solution is (c) Diverse Solutions 2025.