ActiveResidential · sale

702 Elizabeth

Austin, TX 78704

$3,195,000

  • 5 beds
  • 6 baths
  • 3,828 sq ft
  • 0.13 acres
  • Built 2020

Listed by eXp Realty, LLC · MLS #ACT1777566

A FEW THINGS TO NOTICE

What stands out.

Additional spaces

Built in 2020, 702 W Elizabeth pairs a light-filled, three-story main house (3 bedrooms, 3.5 baths, 2,818 SF) with a fully independent casita (2 bedrooms, 2 baths, 1,010 SF) with its own entrance, full kitchen, and living space.

Year built

Built in 2020.

Garage parking

2 garage spaces listed.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

Two complete residences at one Bouldin Creek address. Built in 2020, 702 W Elizabeth pairs a light-filled, three-story main house (3 bedrooms, 3.5 baths, 2,818 SF) with a fully independent casita (2 bedrooms, 2 baths, 1,010 SF) with its own entrance, full kitchen, and living space. It's flexibility a single-family home can't offer: room for extended family with real privacy, a dedicated studio or office, or a long-term rental just steps from your back door. Inside, the main house opens around 10-foot ceilings, wide-plank hardwood floors, and an easy open plan built for everyday living and entertaining alike. Both homes are appointed with Wolf appliances and Sub-Zero refrigeration, with gas ranges in each. In the main kitchen the range anchors the island, backed by a convection oven/microwave, a second oven, and a second freezer. Full Toto bidets, instant-hot water taps, and whole-house Aquasana filtration mean even the tap water is a quiet luxury. The third floor is the showpiece: a full wet bar and sweeping views of the downtown Austin skyline, a panorama framed by a neighborhood already built out around it. Morning coffee, evening cocktails, fireworks over the city. This is the room guests won't leave. Every system is quietly intelligent: Lutron lighting, motorized shades in both homes, Nest climate, and a heated pool and spa managed remotely, swimmable year-round. A gas outdoor fireplace completes the backyard, plus a wood-burning fire pit at the casita, wrapped in landscaped, irrigated grounds. EV charging in both garages, an air-conditioned front garage that doubles as a gym, studio, or game room, a package slot built into the front gate, and an elevator-ready shaft with wiring and hookups in place for single-level living down the road. All of it sits blocks from South Congress and minutes to downtown and Lady Bird Lake, with no HOA. 3,828 SF of total living space on a 5,746 SF lot. Two homes, one address, in the neighborhood everyone wants to walk to.

THE NEIGHBORHOOD

Explore the location.

702 Elizabeth, Austin, TX 78704

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THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
2020
Full baths
5
Half baths
1
Garage spaces
2
Cooling
Central Air
Heating
Central
Appliances
Built-In Refrigerator, Convection Oven, Dishwasher, Disposal, Dryer, Freezer, Gas Range, Ice Maker, Instant Hot Water, Microwave, Oven, Double Oven, Refrigerator, Stainless Steel Appliance(s), Washer/Dryer, Washer/Dryer Stacked, Water Purifier Owned
Flooring
Tile, Wood
Fencing
Privacy
Accessibility
See Remarks
Pool features
Filtered, Heated, In Ground, Pool/Spa Combo
Subdivision
South Heights
Parcel
01010110160000
Elementary school
Becker
Middle school
Lively
High school
Travis
Annual property tax
$59,679.10

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase
Estimated monthly rent$13,312.50
Cap rate

Annual operating income:

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Your property and current assumptions will be included for our team to review.

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Purchase price
Rental income & operating costs

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interestLoan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

See its potential.
Have a plan for what follows.

Considering this property as a rental? Start with the numbers, then talk through the day-to-day with a local management team.

  1. Understand the opportunity.

    Review rental pricing, property condition and your ownership goals with a local professional.

  2. Make a strong first impression.

    Bring together property preparation, professional marketing and applicant screening.

  3. Stay connected to your investment.

    Get support with rent collection, resident communication, maintenance coordination and owner reporting.

Get a local rental estimateTalk through your management needs
Stone-front home with a landscaped lawn and central entry
A more complete plan for your property

LOCAL PEOPLE. SHARED COMMITMENT.

A team behind your next step.

From your first question to the everyday work of ownership, a conversation with the right person makes a difference.

Meet ERA Property Management

Residential management in Utah, Nevada and Texas. Service availability and rental eligibility must be confirmed for each property. Commercial and association services are available through our management services page.

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702 Elizabeth, Austin, TX 78704 · MLS #ACT1777566

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Listing information

MLS #ACT1777566 · Austin Board of Realtors

Listing brokerage: eXp Realty, LLC
Listing agent: Jules Briant

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.