$824,900

Property Overview

This 1948 Hyde Park gem sits on a sprawling corner lot nearly a quarter acre in size, offering the rare combination of vintage character and genuine income-producing potential. The main residence delivers 2,240 square feet of living space anchored by a large workshop that begs for creative conversion—whether into a dedicated home office, additional bedroom, or entertainment space. The detached guest house generates current rental income while providing flexibility for multi-generational living or hospitality ventures, making this property exceptionally versatile for both owner-occupants and investors alike.

Located on Ellingson Lane in one of Austin's most desirable historic neighborhoods, this property places residents steps from tree-lined streets, the UT campus, and Hancock Center's vibrant dining and retail scene. The proximity to UT Shuttle and CapMetro transit stops eliminates commuting friction for academic and downtown workers. At $368 per square foot—14 percent below the Hyde Park area median—this represents compelling value in a neighborhood where established Victorian homes and strong community culture drive consistent demand.

Vox Residential Insight

The guest house component here is what separates this listing from typical Hyde Park properties, and Vox Residential sees this as a significant asset in Austin's rental market where accessory dwelling units command strong tenant interest. With only two days on market, the pricing and potential have clearly resonated with serious buyers recognizing Hyde Park's long-term appreciation trajectory.

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 $368/sqft, this listing is priced 14% below the Hyde Park median of $426/sqft.

Property Details

Listing data last updated: July 16, 2026

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