Active Listing  ·  181 days on market

124 Peony Ln

Jarrell, TX 76537
$177,000
3 Bed 2 Bath 1,211 sqft $146/sqft Built 2020 0.12 acres 2-Car Garage Pool Sonterra

Looking for a home that combines comfort, functionality, and easy maintenance? Welcome to 124 Peony Lane, a charming, free-standing condominium offering the feel of a detached home with the convenience of single-story living. Step inside to discover an inviting open-concept floor plan designed for everyday comfort and entertaining. The kitchen features granite countertops, stainless steel appliances, and a stylish designer backsplash. Durable vinyl plank flooring enhances the main living areas, while the thoughtfully designed layout provides comfortable spaces for relaxing and gathering. The spacious primary suite offers a private retreat, while two additional bedrooms provide flexibility for guests, hobbies, or a home office. Enjoy your own fully fenced backyard, offering opportunities for outdoor relaxation, gardening, or creating a personalized outdoor living space. Recently refreshed and move-in ready, this home offers an appealing opportunity for buyers looking to simplify their lifestyle without sacrificing comfort or privacy.

Conveniently located near I-35, with access to Georgetown, Round Rock, and surrounding Central Texas communities.

NOTE: Back on the market; the buyer could not get their loan approved.

At $146/sqft, this home is 19% below the Jarrell active market average of $181/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

124 Peony Ln, Jarrell, TX 76537

Property Details

Price $177,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,211 sqft
Lot Size 0.12 acres (5,262.05 sqft)
Year Built 2020
Garage 2 spaces
Stories ,
Type Residential · Condominium
Subdivision Sonterra
County Williamson
Zip Code 76537
$/sqft $146/sqft
Days on Market ,
HOA $312/Annually
Annual Tax Est. $4,801.06
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT225672858
List Date May 15, 2026
Elementary School Jarrell
Middle School Jarrell
High School Jarrell
School District Jarrell ISD

Jarrell ISD

Jarrell · Jarrell · Jarrell

Luke Allen (TREC #788149) has deep knowledge of Jarrell 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 15, 2026 $204,000
Previous ask $178,500
Current ask $177,000
▼ Reduced $27,000 (-13.2%) 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 Jarrell

Comparable Listings Right Now

Homes currently for sale in Jarrell 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
304 Moonstone Dr
Sonterra West Sec 8a Ph 01
$177,000 $160 3 bd / 2 ba 1,107 sqft , 2026-11-09
245 Shale Dr
Sonterra West Ph 1b
$175,000 $108 3 bd / 2 ba 1,622 sqft , 2026-07-21
209 Azurite Dr
Sonterra West Sec 8-C
$179,900 $125 3 bd / 3 ba 1,438 sqft , 2026-11-02
672 Bailey Park Dr
Bailey Park Ph 1
$180,000 $147 3 bd / 2 ba 1,228 sqft , 2026-09-15
113 SOAPSTONE Dr
Sonterra West Sec 08-C
$183,900 $162 3 bd / 2 ba 1,138 sqft , 2026-10-11

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
$850/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
$35,400
20% conventional investment loan

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

Estimated Gross Rent+$850
Principal + Interest−$966
Property Tax (assumed ~2.1%)−$310
Insurance (assumed ~0.5%)−$74
Est. Monthly Cash Flow $-500

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 Jarrell, TX

Jarrell 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 · 41 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. The written content was last updated on November 2, 2026.

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

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