Active Listing  ·  40 days on market

11324 Cherisse Dr

Austin, TX 78739
$719,000
4 Bed 3 Bath 2,545 sqft $283/sqft Built 2010 0.15 acres 2-Car Garage Pool Meridian Sec C Ph 03

Classic charm meets thoughtful updates in this beautifully refreshed, move-in ready home. Nestled beneath mature trees and framed by timeless stone masonry, this 4 bed, 2.5 bath residence offers 2,545 sqft of comfortable living in one of SW Austin's most desirable neighborhoods. The covered entry, rich wood front door, and classic architectural details offer a warm welcome. Recent improvements include new paint throughout, new carpet, and a professional landscaping refresh, enhancing the home's appeal while preserving the character and warmth of the home. This floor plan strikes the balance of open and defined living spaces providing both connection and ease for today's lifestyle. The kitchen flows into the living room, creating an inviting space for everyday living and entertaining, while a dedicated home office provides a place to work from home. Real wood floors, tasteful tile, recessed lighting, and a gas log fireplace create an inviting atmosphere throughout the main living areas. The eat-in kitchen features a large center island, granite countertops, stainless appliances, abundant cabinetry, and ample space for cooking and gathering. The main level primary serves as a serene retreat with an ensuite bath, dual sinks, a soaking tub, walk-in shower, and an organizational, walk-in closet. Upstairs, a spacious 2nd living space offers flexibility as a game or play room complemented by 3 bedrooms and a 2nd bath. Outside, the covered back porch and extended patio invite you to relax beneath the canopy of a majestic oak tree. The landscaping offers natural beauty, shade, and room to entertain, or simply enjoy your outdoor space. A finished walk in attic with extended flooring and shelving provides easy accessible storage, a rare feature that’s hard to find. Zoned to highly rated Baldwin Elementary, Gorzycki, & Bowie. Meridian also offers access to parks, trails, a community pool, sport courts, and the convenience of nearby shopping, dining, and major commuter routes.

At $283/sqft, this home is 28% below the Austin active market average of $391/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

11324 Cherisse Dr, Austin, TX 78739

Property Details

Price $719,000
Status Active Listing
Beds 4
Full Baths 2
Half Baths 1
Living Area 2,545 sqft
Lot Size 0.15 acres (6,581.92 sqft)
Year Built 2010
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Meridian Sec C Ph 03
County Travis
Zip Code 78739
$/sqft $283/sqft
Days on Market ,
HOA $187.5/Quarterly
Annual Tax Est. $13,264.82
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT237388596
List Date June 25, 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.

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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
2405 Bahama Rd
Austin Lake Estates Sec 02
$719,000 $378 3 bd / 2 ba 1,904 sqft , 2026-04-23
9013 Sautelle Ln
Village At Western Oaks Sec 29-A
$719,000 $244 4 bd / 3 ba 2,944 sqft , 2026-06-15
13680 Mesa Verde Dr
Belterra Ph 4 Sec 12A
$719,500 $254 4 bd / 4 ba 2,829 sqft , 2026-06-26
12613 Palfrey Dr
Reserve At Northwood
$719,987 $269 4 bd / 3 ba 2,677 sqft , 2026-03-04
9900 Bayshore Bnd #65
Montebello Condo
$720,000 $283 5 bd / 4 ba 2,545 sqft , 2026-04-18

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
$3,451/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
$143,800
20% conventional investment loan

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

Estimated Gross Rent+$3,451
Principal + Interest−$3,924
Property Tax (~2.1% TX avg)−$1,258
Insurance (~0.5%)−$300
Est. Monthly Cash Flow $-2,031

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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