Active Listing  ·  95 days on market

11028 Cherisse Dr

Austin, TX 78739
$779,990
4 Bed 4 Bath 3,018 sqft $258/sqft Built 2009 0.17 acres 2.5-Car Garage Pool Meridian Sec C Ph 03

Recently fully updated with a brand-new kitchen, fresh interior paint, new electrical switches throughout the entire home, and beautiful wood flooring throughout. The main level features a spacious primary suite, private office/flex room, large living area with fireplace, dining space, and a bar area with half bath.

Upstairs offers 3 bedrooms, 2 full bathrooms, and a game/media room already wired and ready to enjoy.

Additional highlights include a spacious 2.5-car garage with overhead storage, a very large attic for extra storage, and a Tesla car charger already installed.

Step outside to an oversized private backyard shaded by gorgeous mature oak trees, complete with a built-in outdoor kitchen and custom fire pit area; perfect for entertaining and relaxing.

Located in the desirable Meridian community, just steps from Baldwin Elementary and minutes from downtown Austin, shopping, dining, and the airport. Community amenities include a pool, trails, playground, and neighborhood events.

At $258/sqft, this home is 34% below the Austin active market average of $392/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

11028 Cherisse Dr, Austin, TX 78739

Property Details

Price $779,990
Status Active Listing
Beds 4
Full Baths 3
Half Baths 1
Living Area 3,018 sqft
Lot Size 0.17 acres (7,383.42 sqft)
Year Built 2009
Garage 2.5 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Meridian Sec C Ph 03
County Travis
Zip Code 78739
$/sqft $258/sqft
Days on Market ,
HOA $188/Quarterly
Annual Tax Est. $15,025.56
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT230929000
List Date May 21, 2026
Elementary School Baldwin
Middle School Gorzycki
High School Bowie
School District ,

Luke Allen (TREC #788149) has deep knowledge of Austin and surrounding markets. Whether you're buying, selling, or just researching comparable sales, reach out for a no-pressure conversation.

Schedule a Call →

Price History

How This Ask Has Moved

Original list price versus what this home is asking today. Straight from the ACTRIS MLS feed, no interpretation.

Original ask · May 21, 2026 $825,000
Previous ask $789,990
Current ask $779,990
Reduced $45,010 (-5.5%) from original ask

Source: ACTRIS MLS. Price change timestamp reflects the most recent adjustment on record; the feed does not expose intermediate steps between the original ask and today's ask.

Similar Homes on the Market in Austin

Comparable Listings Right Now

Homes currently for sale in Austin with similar bedroom count, size, and price range, giving you real-time context for how this property's asking price compares to the active market.

AddressList Price$/sqftBeds/BathsSqftDOMListed
11709 Via Grande Dr
Alta Mira Sec 1 At Circle C Ra
$760,000 $300 4 bd / 3 ba 2,531 sqft , 2026-08-14
8017 Ladera Verde Dr
Alta Mira At Circle C Ranch
$809,900 $267 5 bd / 3 ba 3,036 sqft , 2026-08-05
11521 Cherisse Dr
Meridian Sec C Ph 02
$748,000 $255 4 bd / 4 ba 2,931 sqft , 2026-06-18
11904 Quassia Dr
Meridian Sec A2 & B2
$745,990 $254 4 bd / 3 ba 2,932 sqft , 2026-07-24
8129 Ladera Verde Dr
Alta Mira Sec 1 At Circle C Ranch
$729,000 $287 3 bd / 3 ba 2,536 sqft , 2026-08-20

Source: ACTRIS MLS, live listings. Similar by ±1 bed, ±35% price, ±35% sqft. Contact Luke for a formal comparative market analysis.

Investment Analysis

Rental Income Potential

The numbers below use conservative Austin-market assumptions. They are estimates, not a guarantee. Actual rents vary by condition, timing, and management. Read our full Austin rental property guide →

Est. Monthly Rent
$3,744/mo
0.48% rule · conservative Austin est.
Gross Yield
5.76%
Annual rent ÷ purchase price
Cap Rate (est.)
3.46%
NOI after 40% vacancy + expenses
Down Payment
$155,998
20% conventional investment loan

Monthly Cash Flow Breakdown (20% down · 7.25% rate)

Estimated Gross Rent+$3,744
Principal + Interest−$4,257
Property Tax (~2.1% TX avg)−$1,365
Insurance (~0.5%)−$325
Est. Monthly Cash Flow $-2,203

At current rates and prices, many Austin luxury properties run neutral or slightly negative on pure cash flow, appreciation and equity paydown are the primary return drivers. BRRRR and off-market acquisitions can improve day-one cash flow. Learn about the BRRRR method in Austin →

Commute & Employment

Major Employers Near Austin, TX

Austin sits within commuting range of Austin's major tech, manufacturing, and corporate campuses. Approximate drive times from this area:

Tesla Gigafactory 15-25 min E
Apple Campus (Domain) 20-30 min N
Google / Meta / Indeed 10-15 min downtown
Dell Medical School / UT Austin 10-20 min
Samsung Austin Semiconductor 25 min N

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About the Author
Luke Allen, Austin TX Realtor, TREC #788149
Luke Allen
Licensed Austin TX Realtor · TREC #788149 · Full-time since 2019
★★★★★ 5.0 on Google · 30 Reviews

Luke Allen is a full-time Austin TX Realtor with the Austin Marketing + Development Group brokerage. He works with buyers, sellers, and investors across every Austin ISD and the surrounding neighborhoods, from Downtown and East Austin to Round Rock, Cedar Park, and the Hill Country. Every page on this site is written and maintained by Luke. This page was last updated on August 16, 2026.

📞 (254) 718-2567 [email protected] More about Luke →