Active Listing  ·  98 days on market

12017 Cherisse Dr

Austin, TX 78739
$599,900
5 Bed 4 Bath 2,425 sqft $247/sqft Built 2007 0.15 acres 2-Car Garage Pool Meridian Sec C Ph 01

Welcome to this amazing 5 bedroom home in the sought after Meridian neighborhood in Southwest Austin. Enjoy your covered front porch under a canopy of Oak trees. The open floorplan offers a large formal dining room, nice sized kitchen, laundry room w/ window, primary suite & bathroom on the main floor. 4 large bedrooms w/ 2 full sized bathrooms and a large gameroom up. The nice sized family room is loaded w/ windows providing wonderful natural light & views of the shaded backyard & covered patio. There are nice hardwood floors in the formal dining, family room & primary bedroom. Hard tile floors in the entry, kitchen, laundry room & all bathrooms. The well equipped kitchen offers nice wood cabinets & granite counters. A spacious primary suite awaits you downstairs w/ large bay windows & views to the private backyard. The primary bathroom offers a separate tub & shower, dual sinks & a large walk-in closet. Enjoy summer evenings entertaining on the covered backyard patio. A spacious private landscaped backyard is ready for you to enjoy with no neighbors behind. Tree swing & festoon lights are ready for playtime in the shade of the large oak trees. Upstairs the large open gameroom has nice windows & plenty of room for a pool table or a large media area. All 4 upstairs bedrooms are large, have walk-in closets, nice windows & 2 bedrooms share a Jack & Jill bathroom. Recent updates include fresh interior wall-trim-door paint, water heater (2 yr) & HVAC (5 yr) & outdoor landscaping. There is a full sprinkler system & landscaped beds for your garden enthusiast as well! The sellers will replace the carpet for the new home owners...the buyer can pick out the color and have new carpet installed before closing. The home is walking distance to Baldwin elementary school & all of the neighborhood amenities like the fun kid friendly swimming pool, playscapes, outdoor pavilion & the hike-bike trails around the small lake. Only 15 miles from downtown Austin!

At $247/sqft, this home is 37% 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

12017 Cherisse Dr, Austin, TX 78739

Property Details

Price $599,900
Status Active Listing
Beds 5
Full Baths 3
Half Baths 1
Living Area 2,425 sqft
Lot Size 0.15 acres (6,603.7 sqft)
Year Built 2007
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Meridian Sec C Ph 01
County Travis
Zip Code 78739
$/sqft $247/sqft
Days on Market ,
HOA $187.5/Quarterly
Annual Tax Est. $13,300.74
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT238466226
List Date July 3, 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 · July 3, 2026 $665,000
Previous ask $619,900
Current ask $599,900
▼ Reduced $65,100 (-9.8%) 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
8608 Alophia Dr
Meridian Sec C Ph 03
$725,000 $244 4 bd / 3 ba 2,974 sqft , 2026-08-26
8624 Alophia Dr
Meridian
$735,000 $261 4 bd / 3 ba 2,813 sqft , 2026-10-02
11904 Quassia Dr
Meridian Sec A2 & B2
$745,990 $254 4 bd / 3 ba 2,932 sqft , 2026-07-24
11521 Cherisse Dr
Meridian Sec C Ph 02
$748,000 $255 4 bd / 4 ba 2,931 sqft , 2026-06-18

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
$2,880/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
$119,980
20% conventional investment loan

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

Estimated Gross Rent+$2,880
Principal + Interest−$3,274
Property Tax (~2.1% TX avg)−$1,050
Insurance (~0.5%)−$250
Est. Monthly Cash Flow $-1,694

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

More Luxury Homes in Austin

Loading…
View All Luxury Homes →
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 September 26, 2026.

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