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704 Emerald Wood Dr

Austin, TX 78745

4 beds
2 baths
1,608 sqft
9,060 sqft lot
$457 per sqft
1970 build
– on site

JUST RATED IN THE TOP 10% OF ALL AUSTIN AIR BNB LISTINGS BY AIR BNB!!! - THIS IS CURRENTLY A FULLY PERMITTED ACTIVE SHORT TERM RENTAL BUSINESS. This impeccably remodeled 4-bedroom, 2-bathroom home is a rare find, combining exceptional efficiency of design with outstanding investment potential. Fully permitted and operating as a high-performing short-term rental, this property is consistently booked, with AirDNA projecting $108k/year in income. For investors, it’s a turn-key opportunity, cash-flowing even with 20% down, thanks to its prime location, gorgeous finishes, and undeniable guest appeal. The home has been completely transformed inside and out, featuring new windows, insulation, drywall, finishes, fixtures, millwork, and appliances. Major systems, including the roof and HVAC, have been replaced, ensuring low maintenance for years to come. The newly renovated pool and landscaping create a tranquil backyard retreat, complete with a spacious pool deck and a huge private lawn, making it a favorite among guests and perfect for entertaining. Inside, you’ll find a stunning kitchen, luxurious bathrooms, and modern touches throughout, with top-tier craftsmanship in every detail. For buyers not looking to continue short-term rentals, this home is also ideal for a primary residence or vacation property, offering a move-in-ready space with premium upgrades and unbeatable convenience to downtown. Whether you’re seeking a profitable investment or a beautifully renovated home, this property delivers on every level. Schedule your private showing today!

Listing courtesy of ABOR / Bethany Weigl / Bethany Weigl, Broker

Last checked: Checking… • Last updated Jun 9, 2025 •

MLS# 9793191 —

This home is listed in more than one place. See it here.

The Building

Year Built:

1970
Unit Style:

1st Floor Entry
New Construction:

false
Roof:

Composition
Foundation:

Slab
Exterior Features:

Full Gutters
Accessibility Features:

None
Patio And Porch Features:

Patio
Window Features:

Double Pane Windows
Levels:

One
Direction Faces:

South

Interior

Interior Features:

Ceiling Fan(s)
Living:

1
Dining:

1
Flooring:

Tile
Fireplace:

None
Laundry Location:

Laundry Room

Room Dimensions

Living Area:

1608
Living Area Source:

Public Records

Financial & Terms

Possession:

Close Of Escrow
Restrictions:

City Restrictions

Location

Latitude:

30.213406
Longitude:

-97.779697
Directions:

FROM BEN WHITE HEAD SOUTH ON S 1ST*PASS ST ELMO*RIGHT ON EMERALD WOOD NEXT TO PRESCHOOL*HOUSE ON RIGHT

The Property

Property Type:

Residential
Subtype:

Single Family Residence
Parcel Number:

04120906270000
Property Condition:

Updated/Remodeled
Property Attached:

false
Other Structures:

None
Lot Features:

Curbes
Lot Size Acres:

0.208
Lot Size Area:

0 Sqft
Lot Size SqFt:

9,060 Sqft
SqFt Total:

1,608 Sqft
View:

Pool
Waterfront:

false
Waterfront Features:

None
Horse:

false
Additional Parcels:

false
Fencing:

Back Yard
FEMA Flood Plain:

No

Listing Agent

Contact info:

Taxes

Tax Annual Amount:

$8,541.89

Beds

Bedrooms Total:

4
Main Level Bedrooms:

4

Baths

Total Baths:

2
Total Baths:

2
Full Baths:

2

The Listing

Special Listing Conditions:

Standard
Listing Terms:

Cash
Occupant Type:

Tenant

Heating & Cooling

Heating:

Central
Cooling:

Central Air

Utilities

Utilities:

Electricity Connected
Sewer:

Public Sewer
Water Source:

Public
Electric On Property:

true

Appliances

Appliances:

Dishwasher

Schools

Elementary School:

St Elmo
Elementary School District:

Austin ISD
Middle School:

Bedichek
Middle School District:

Austin ISD
High School:

Travis
High School District:

Austin ISD

The Community

Subdivision Name:

Emerald Forest Sec 2
Community Features:

None
Pool Private:

true
Pool Features:

Electric Heat
Spa Features:

None

Parking

Parking Features:

Driveway
Garage:

false
Attached Garage:

false

Monthly cost estimate

Asking price

$735,000

Expense	Monthly cost
Mortgage	$3,935
Taxes	$711
Insurance	$202
Utilities	$183 See report
Total	$5,031/mo.^*
	^*This is an estimate

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Air Pollution Index

Provided by ClearlyEnergy

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This house located in South Austin, Austin, TX 78745 is currently for sale for $735,000. 704 Emerald Wood Dr is a 1,608 square foot house with 4 beds and 2 baths that has been on Estately for 157 days. 704 Emerald Wood Dr is in the South Austin neighborhood of Austin and has a WalkScore® of 63, making it somewhat walkable. This house is in the attendance area of Travis Early College High School, St. Elmo Elementary School, and Bedichek Middle School.

Based on information from the Austin Board of REALTORS® and ACTRIS 2025. All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied.