Active Listing  ·  47 days on market

11521 Cherisse Dr

Austin, TX 78739
$749,000
4 Bed 4 Bath 2,931 sqft $256/sqft Built 2008 0.15 acres 2-Car Garage Pool Meridian Sec C Ph 02

Exceptional privacy, a functional floor plan, and meaningful recent improvements in the highly sought-after Meridian community.

Designed for both everyday living and entertaining, the spacious layout features a primary suite on the main level, multiple living areas, multiple dining spaces, and a flexible front room ideal for a home office or playroom. Upstairs, you’ll find an oversized multi-faceted living room, three generously sized secondary bedrooms, and two full bathrooms providing ample space and separation for family and guests.

Recent improvements include a full roof replacement (2025), a new HVAC system (2026), refreshed landscaping with full backyard re-sod, irrigation improvements (2026), and renovated primary and secondary bathrooms. The result is a home that offers both immediate enjoyment and long-term peace of mind.

Located within the highly regarded Baldwin Elementary, Gorzycki Middle School, and Bowie High School feeder pattern, Meridian residents enjoy access to neighborhood trails, parks, community pool amenities, and convenient proximity to shopping, dining, and major commuter routes.

At $256/sqft, this home is 35% 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

11521 Cherisse Dr, Austin, TX 78739

Property Details

Price $749,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths 1
Living Area 2,931 sqft
Lot Size 0.15 acres (6,655.97 sqft)
Year Built 2008
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Meridian Sec C Ph 02
County Travis
Zip Code 78739
$/sqft $256/sqft
Days on Market ,
HOA $187.5/Quarterly
Annual Tax Est. $14,496.22
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT236820664
List Date June 18, 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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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 · June 18, 2026 $765,000
Current ask $749,000
Reduced $16,000 (-2.1%) 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
4912 Interlachen Ln
Onion Creek Add
$749,000 $240 3 bd / 3 ba 3,124 sqft , 2026-03-26
705 E 49th St #A
705 E 49th Street Condo
$749,000 $393 3 bd / 3 ba 1,908 sqft , 2025-05-16
6136 Florencia Ln
Meadows At Trinity Crossing Ph
$749,000 $257 3 bd / 4 ba 2,920 sqft , 2026-04-09
220 Mallet Ct
The Polo Club At Rooster Spgs Ph Ii
$749,000 $221 4 bd / 4 ba 3,393 sqft , 2026-04-15
2805 McCurdy St #7
Mueller
$749,000 $342 3 bd / 4 ba 2,189 sqft , 2026-03-27

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
$3,595/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
$149,800
20% conventional investment loan

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

Estimated Gross Rent+$3,595
Principal + Interest−$4,088
Property Tax (~2.1% TX avg)−$1,311
Insurance (~0.5%)−$312
Est. Monthly Cash Flow $-2,116

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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