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ActiveMLS #1687164

704 W Elizabeth ST, Austin TX 78704

Austin, TX 78704 · South Heights

Single Family Residence for sale in South Heights

5Bedrooms
5 full / 1 halfBathrooms
3,480Square Ft
0.13Acres
2Garage
2020Year Built
New
1 / 40
$2,999,999

Overview

Property Description

Experience modern luxury and established investment potential in Austin’s highly sought-after Bouldin Creek neighborhood. Currently operating as a successful short-term rental through Airbnb and VRBO, this exceptional property offers a proven rental history, strong guest demand, and impressive booking performance. Designed by Joseph Design Build, the property features two distinct residences, seamlessly blending architectural elegance, privacy, and versatility with continued rental opportunities. Featuring a combined 6 bedrooms and 5.5 bathrooms, the property is defined by soaring ceilings, expansive walls of glass, abundant natural light, and thoughtfully curated living spaces. The main residence features an open-concept design, a chef-inspired kitchen with premium appliances and refined finishes, and a luxurious primary suite with a soaking tub and walk-in shower. The detached guest residence offers its own private entrance and garage, providing flexibility for multigenerational living, extended guests, or continued rental use while maintaining privacy between residences. Outdoors, a secluded retreat awaits with a sparkling swimming pool, two hot tubs, lush landscaping, intimate courtyards, and a covered patio with a fireplace. Thoughtfully designed for relaxation and entertaining, these spaces create an effortless indoor-outdoor living experience. Ideally situated minutes from Downtown Austin, South Congress, and Lady Bird Lake, the property offers convenient access to acclaimed dining, boutique shopping, entertainment, and outdoor recreation. Whether envisioned as a luxury primary residence, multigenerational estate, or established income-producing investment, this remarkable property presents a rare opportunity to enjoy sophisticated living and documented rental performance in one of Austin’s most desirable neighborhoods. STR performance information available to qualified buyers upon request.

Financial Info
Price
$2,999,999
$ / Sqft
$862
HOA
None
Tax Rate
2.0465%
Est. Taxes
$57,366
Tax Year
2026
Exemptions
None
Legal Info
Address
704 W Elizabeth ST
County
Travis
City
Austin
State
TX
Zip
78704
Subdivision
South Heights
Legal Description
LOT 17 BLK 3 SOUTH HEIGHTS
Parcel
01010110170000
Interior Features
Floor
Wood
Num Living
2
Dining
2
Kitchen
Breakfast Bar, Eat-in Kitchen, Kitchen Island
Appliances
Dishwasher, Gas Cooktop, Microwave, Oven, Refrigerator, Stainless Steel Appliance(s), Vented Exhaust Fan, Gas Water Heater
Laundry
Laundry Closet
Master Bed
2 Primary Baths, Double Vanity
Master Main
No
Fireplaces
1
Fireplace Description
Outside
Interior Features
2 Primary Baths, Bookcases, Breakfast Bar, Built-in Features, Ceiling Fan(s), High Ceilings, Chandelier, Stone Counters, Double Vanity, Eat-in Kitchen, Entrance Foyer, Kitchen Island, Multiple Living Areas, Open Floorplan, Recessed Lighting, Soaking Tub, Stackable W/D Connections, Storage, Fire Alarm, ENERGY STAR Qualified Windows
General Info
Beds
5 Total / 5 Other Level
Full / Half Baths
5 / 1
Prop Type
Residential
Property Type
Single Family Residence
Stories
3
Year Built
2020 / Resale
Square Feet
3,480 / Public Records
Garages
2
Garage Desc
Enclosed, Garage
Foundation
Slab
Roof
Metal
Construction
Concrete, Frame, HardiPlank Type, Stucco
Acres
0.13
Lot Description
Front Yard, Landscaped
Restrictions
See Remarks
Flood Plain
No
View
Downtown, Pool
Water Access
No
Waterfront
No
Area
6
Utility Info
Water
Public
Sewer
Public Sewer
Utilities
Electricity Connected, Natural Gas Connected, Sewer Connected, Underground Utilities
Heat
Central
A C
Ceiling Fan(s), Central Air
Exterior Features
Fence
Fenced, Wood
Exterior Features
Balcony, Gutters Full, Private Yard, Covered, Patio
Pool On Property
Yes
Area Amenities
None

Price history

Days on market
$2,999,999
List price
0
Price reductions
Active
Since Oct 29, 2026
Property history1 event
DateEventPriceChange
Oct 29, 2026New Listing

Taxes

2026 Estimated Property Taxes

TCAD account 101003

Uses rates from the supplied 2026 TCAD package. The file does not identify adopted or proposed status.

2026 taxing entities, rates per $100, taxable values and estimated taxes
Taxing EntityRate per $100Taxable ValueEstimated Tax
AUSTIN COMM COLL DIST0.103400$2,803,154$2,898.46
AUSTIN ISD0.925200$2,803,154$25,934.78
CITY OF AUSTIN0.524017$2,803,154$14,689.00
TRAVIS COUNTY0.375845$2,803,154$10,535.51
TRAVIS COUNTY HEALTHCARE DISTRICT0.118023$2,803,154$3,308.37
Ordinary property tax estimate2.046485$57,366.12

Informational estimate, not a tax bill or taxes paid. Exemptions and tax ceilings can make taxes differ from the combined rate multiplied by one taxable value. PID assessments and other special charges are excluded; collector coverage has not been established.

Source: Travis County

Historical Tax Summary

Annual taxes billed are the Tax Imposed amounts reported in the latest available Travis Tax Office statement. Exemptions and tax ceilings may prevent combined rate × taxable value from equaling the billed amount. Other collectors or assessments may not be included.

YearAppraised ValueCombined Rate per $100Annual Taxes Billed
2025—2.046485$57,912.28
2024—1.981814$55,592.45
2023—1.809247$52,740.37
2022—1.974923$59,797.37
2021—2.176679$24,539.98
2020—2.226665$12,270.24

Source: Travis County

Combined rates exclude PID placeholder rates. Historical amounts reflect the statement’s snapshot and may change after later corrections; they do not describe payment status. Appraisal values come from the legacy CAD source.

Schools

School Info
District
Austin ISD
Elementary
Zilker
Middle
Lively
High
Travis

Maps

Financing

Your preferences

  • 20% down
  • Conv/Jumbo
  • 30 years
  • 6.50% rate

Saved on this device

List price $2,999,999
Down payment
Stays 20% if you change the price
Note rate, not APR
From this listing’s tax record
*Estimated only (1% of price / yr)

Estimated monthly payment

$22,451 / mo

20% down · 6.50% interest · 30-year fixed

Estimated monthly payment $22,451

Principal & interest
$15,170
Property taxes
$4,781
Homeowners insurance
$2,500

*PITI only

These figures are estimates for general information only — not a loan offer, a quote, or a guarantee of financing terms.

Principal, interest and balance for each year
YearStarting balancePrincipal paidInterest paidEnding balancePrincipal vs interest
1$2,399,999$26,825$155,210$2,373,174
2$2,373,174$28,622$153,414$2,344,552
3$2,344,552$30,539$151,497$2,314,013
4$2,314,013$32,584$149,451$2,281,429
5$2,281,429$34,766$147,269$2,246,663
6$2,246,663$37,095$144,941$2,209,568
7$2,209,568$39,579$142,457$2,169,989
8$2,169,989$42,230$139,806$2,127,760
9$2,127,760$45,058$136,978$2,082,702
10$2,082,702$48,075$133,960$2,034,626
  • Year 1$2,373,174
    Principal paid
    $26,825
    Interest paid
    $155,210
    Starting balance
    $2,399,999
  • Year 2$2,344,552
    Principal paid
    $28,622
    Interest paid
    $153,414
    Starting balance
    $2,373,174
  • Year 3$2,314,013
    Principal paid
    $30,539
    Interest paid
    $151,497
    Starting balance
    $2,344,552
  • Year 4$2,281,429
    Principal paid
    $32,584
    Interest paid
    $149,451
    Starting balance
    $2,314,013
  • Year 5$2,246,663
    Principal paid
    $34,766
    Interest paid
    $147,269
    Starting balance
    $2,281,429
  • Year 6$2,209,568
    Principal paid
    $37,095
    Interest paid
    $144,941
    Starting balance
    $2,246,663
  • Year 7$2,169,989
    Principal paid
    $39,579
    Interest paid
    $142,457
    Starting balance
    $2,209,568
  • Year 8$2,127,760
    Principal paid
    $42,230
    Interest paid
    $139,806
    Starting balance
    $2,169,989
  • Year 9$2,082,702
    Principal paid
    $45,058
    Interest paid
    $136,978
    Starting balance
    $2,127,760
  • Year 10$2,034,626
    Principal paid
    $48,075
    Interest paid
    $133,960
    Starting balance
    $2,082,702
First 10 of 30 years

Nearby

Courtesy of Spyglass Realty · (512) 759-0889

Listings courtesy of ACTRIS as distributed by MLS GRID.