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Austin · Mayfair Terrace

$824,900 24 days on market

1028 Ellingson Ln, Austin, TX 78751

  • 2bedrooms
  • 1bathrooms
  • 2,240sqft
  • 0.21acres
  • 1948year built

About this home

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.

Property

Type
Single Family Residence
Levels
One
Year built
1948
Lot size
0.21 acres
Subdivision
Mayfair Terrace
MLS #
ACT9019392

Inside

Bedrooms
2
Bathrooms
1
Living area
2,240 sqft

Schools

Elementary
Lee
High school
McCallum
District
Austin ISD

Costs

Est. annual taxes
$13,069 (2026)

Listing

First listed
Jul 5, 2026
Days listed
24
Status
Active

Listed by Paula Craig, Property Consultants of Austin · [email protected] · MLS# ACT9019392 · Active

Estimate your monthly payment

Loan

Down payment
%
0%10%20%30%40%50%
Loan term
Interest rate (%)
3%5%7%9%

Yearly costs

Monthly payment

$0

Total monthly

Principal & interest
$0
Property tax
$0
Insurance
$0
HOA
$0
Loan amount
$0

Estimate only. Tax / insurance defaults are typical Texas figures; your actual numbers will vary. Talk with a lender for a real quote — I can refer you to one I trust.

Where this home sits

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