7700 Ella Lee LN
About This Property
7700 Ella Lee Lane features a fully separate one-bedroom apartment above the garage with its own private entrance, dedicated parking, and brand new AC. Ideal for rental income, long-term guests, or multigenerational living, this setup delivers immediate flexibility. Positioned on a premier corner lot directly across from the 21-acre Skyline Park, this home offers one of the most sought-after locations in Easton Park, with trails, splash pads, playgrounds, and open green space just steps from your front door.
This 2,773 square foot residence features a three-bedroom, two-and-a-half bath main home plus the fully separate one-bedroom, one bath garage apartment above the three-car garage. Do not forget the dedicated office in the main house, giving you the flexibility to work from home without sacrificing bedroom space. The ADU features a separate private entrance, private parking, and brand-new AC units, making it ideal for guests, multigenerational living, or consistent income potential.
Inside, the main home features an open-concept layout with quartz countertops, stainless steel appliances, a hands-free kitchen faucet, under-cabinet ambient lighting, luxury Norman window treatments, privacy window tint, a custom black accent wall, and a California Closet system in the primary suite. Separate AC systems for the main home and apartment, epoxy flooring in the three-car garage, a tankless water heater, and an electric car pre-wire add comfort and forward-thinking convenience.
Easton Park spans 2,700 acres just 12 miles from downtown Austin and is known for The Union amenity center with its resort-style pool, fitness center, pickleball and basketball courts, dog parks, food truck events, and more than 13 miles of trails across 350 acres of parkland. A major new HEB under construction nearby adds even more everyday convenience and long-term value.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 12, 2026 | In contract | - | |
| In contract | |||
| May 23, 2026 | Price Decreased |
$597,500
↓ $42K
(6.6%) | |
| Price Decreased | |||
| Mar 3, 2026 | Listed by Douglas Elliman Real Estate | $639,900 | |
| Listed by Douglas Elliman Real Estate | |||
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About Travis
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017