$799,000

Property Overview

This 1948 Hyde Park gem sits on a sprawling corner lot of nearly a quarter acre, offering rare space and flexibility in one of Austin's most sought-after historic neighborhoods. The main residence encompasses 2,240 square feet across the primary home and a detached guest house, presenting multiple income and living possibilities. Beyond the classic vintage character that defines the tree-lined streets of Ellingson Lane, this property includes a one-bedroom guest house generating $995 monthly—a practical asset for investor-minded buyers or those seeking flexible living arrangements. The main home features a large workshop space ripe for conversion into a home office, studio, or recreation area, while the proximity to UT Campus, nearby CapMetro access, and Hancock Center's dining scene makes this location particularly appealing for both professionals and students.

At $357 per square foot, this property sits 14 percent below area median, making it an exceptional value in Hyde Park. The combination of original character, additional income potential from the guest house, and customizable interior spaces positions this corner lot as a compelling opportunity for buyers looking to invest in Austin's most established neighborhoods.

Vox Real Estate Insight

The guest house revenue stream and oversized lot make this an attractive hybrid play—whether you're seeking owner-occupant living with income supplementation or an investment with significant development upside in one of Hyde Park's most desirable corridors. The Vox Residential team sees strong appeal here for buyers who value both historic character and practical financial flexibility.

Agent Description

Discover a unique opportunity in a well-established Austin neighborhood, where a vintage 1948 home awaits its next chapter on a generous corner lot spanning nearly a quarter acre. This property offers an exceptional blend of classic charm and modern potential, perfectly positioned for both investors and owner-occupants. The residence boasts 2,240 square feet of living space (house and guest house), providing ample room for comfortable living and creative customization. Enjoy the convenience of being just blocks away from the UT Shuttle/CapMetro, Hancock Center, and a diverse array of local restaurants, making city access effortless. The property uniquely features a 1-bedroom, 1-bathroom detached guest house, currently providing rental income of $995/month and offering flexible living arrangements or additional income streams. Inside the main home, a large workshop presents a versatile space, ideal for conversion into a dedicated home office, an entertaining game room, an additional bedroom, or a cozy den to suit your lifestyle needs. Outside, three mature pecan trees grace the landscape, offering abundant shade on sunny days and delicious seasonal treats. This prime location and versatile property combine to create an enticing urban sanctuary, providing a rare chance to own a piece of Austin's vibrant history with significant upside.

Neighborhood: Hyde Park

This property is located in Hyde Park, Austin, TX. The area is known for Historic Victorian Homes, Strong Community, Local Restaurants, Tree-Lined Streets, Near UT Campus.

At $357/sqft, this listing is priced 14% below the Hyde Park median of $417/sqft.

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