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$2,850,000

704 W Elizabeth ST 1 & 2, Austin, TX, 78704

Off MarketInfo
Beds5 Beds
Baths6 Bath
Baths3,250 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$876.92 / sqft
Year BuiltBuilt in 2020

Property Lead Type:

Off-Market List

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms 6Bathrooms 6
AppliancesDishwasher, Gas Cooktop, Microwave, Oven, Refrigerator, Stainless Steel Appliance(s), Tankless Water Heater, Vented Exhaust Fan
FlooringWood

Exterior

Private PoolPrivate Pool
Exterior FeaturesBalcony, Private Yard

Building Information

Garage Spaces2

About this property

Two homes, one lot in unbeatable location! This modern showpiece in the heart of Bouldin Creek was built by highly renowned Joseph Design Build. The 2,358 SF main home features clean lines, soaring ceilings, walls of windows, and an open layout with seamless indoor-outdoor flow. A front-facing pool and spa create an unforgettable first impression, while the living room opens to a covered patio with fireplace—ideal for entertaining. The sleek chef’s kitchen includes high-end appliances, modern cabinetry, and a large island. A separate 892 SF ADU with alley access offers a private entrance, fenced yard, and one-car garage—perfect for guests or rental income. Unbeatable location just minutes from downtown and steps to the best of South 1st and South Congress. HUGE Airbnb potential for over $200K a year in income based on current numbers.

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Estimated ARV (After-Repair Value)
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Rent-to-Value Ratio: 0.72%
Rent Estimate
$17,100 /month
Positive
Cash Flow Estimate:
$5,700 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$X/month
No HOA
5.947%

Learn About the Market: Opportunity in Austin

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Austin

Austin may be the Live Music Capital of the World, but it’s also one of America’s fastest-growing innovation hubs. Fueled by tech expansion, the University of Texas, state government, and a steady influx of new residents, Austin blends startup energy with Hill Country charm.

From downtown high-rises overlooking Lady Bird Lake to booming suburbs like Round Rock and Leander, the region attracts younger professionals, entrepreneurs, and remote workers seeking opportunity with lifestyle. Austin isn’t just growing — it’s redefining what modern Texas looks like.

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Population Growth

Population Growth

~0.4%

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$555,300

Unemployment Rate

Unemployment Rate

3.20%

Price Trend

Price Trend

~0.4% YoY growth

New Permits

New Permits

2,269 units

City: Austin

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704 W Elizabeth ST 1 & 2 | Property Details | No Agent List