Active Listing  ·  25 days on market

15232 Fernhill Dr

Austin, TX 78717
$695,000
4 Bed 3 Bath 2,547 sqft $273/sqft Built 2006 0.20 acres 2-Car Garage Pool Avery South Sec 02 Ph 03

Behind a classic suburban exterior lies one of Avery Ranch's best surprises. Nearly $140,000 in carefully curated renovations transformed this single-story corner-lot home into a polished, move-in-ready retreat that feels anything but ordinary. Upgrades include the roof (2025), a stunning remodeled kitchen, beautifully renovated baths, porcelain tile flooring throughout, fresh contemporary finishes, and thoughtful exterior improvements that make every inch feel polished.

Formal living and dining rooms flow into a spacious family room anchored by a striking floor-to-ceiling porcelain tile fireplace. Open floor plan living is light and spacious with tall ceilings, neutral paint, and stacked windows. At the center of it all, the beautifully renovated kitchen features quartz countertops, updated cabinetry, stainless steel appliances, a designer backsplash, peninsula seating, and a sunny breakfast area.

The private primary suite overlooks the backyard and offers tray ceilings and a spa-inspired bath with an oversized designer-tiled walk-in shower, bench seating, and a generous walk-in closet. Three additional bedrooms, all with walk-in closets, provide room to spread out, host guests, or create the perfect home office.

Outside, the updated covered patio is made for relaxing, grilling, and game days, with space to add an outdoor kitchen and TV. The corner homesite offers added privacy with no neighbor on one side and a yard that's easy to enjoy.

Avery Ranch residents enjoy golf, pools, tennis, pickleball, parks, trails, and acclaimed Round Rock ISD schools, all just minutes from The Domain, Austin's tech corridor, major employers, shopping, dining, SH 45, and MoPac.

If you've been waiting for a home that feels fresh, finished, and genuinely exciting the moment you walk through the front door, this is one you'll want to experience for yourself.

At $273/sqft, this home is 30% 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

15232 Fernhill Dr, Austin, TX 78717

Property Details

Price $695,000
Status Active Listing
Beds 4
Full Baths 2
Half Baths 1
Living Area 2,547 sqft
Lot Size 0.20 acres (8,690.22 sqft)
Year Built 2006
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Avery South Sec 02 Ph 03
County Williamson
Zip Code 78717
$/sqft $273/sqft
Days on Market ,
HOA $60/Monthly
Annual Tax Est. $12,387.37
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT240532407
List Date July 21, 2026
Elementary School Elsa England
Middle School Pearson Ranch
High School McNeil
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 →

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
8925 Joachim Ln
Meadows Brushy Creek
$675,000 $231 4 bd / 4 ba 2,917 sqft , 2026-04-01
15616 Prestancia Dr
Avery Brookside Ph 02
$720,000 $228 4 bd / 3 ba 3,162 sqft , 2026-04-30
15616 Belfin Dr
Avery South Sec 02 Ph 02
$730,000 $218 4 bd / 4 ba 3,353 sqft , 2026-08-13
15701 Jeffs Ln
Pearson Place Add Sec 2
$735,000 $261 5 bd / 4 ba 2,814 sqft , 2026-03-10
9808 Ivalenes Hope Dr
Pearson Place Sec 2
$738,500 $273 4 bd / 4 ba 2,704 sqft , 2026-03-14

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
$3,336/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
$139,000
20% conventional investment loan

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

Estimated Gross Rent+$3,336
Principal + Interest−$3,793
Property Tax (~2.1% TX avg)−$1,216
Insurance (~0.5%)−$290
Est. Monthly Cash Flow $-1,963

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 July 27, 2026.

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