Active Listing  ·  27 days on market

15232 Fernhill Dr

Austin, TX 78717
$694,900
4 Bed 3 Bath 2,547 sqft $273/sqft Built 2006 0.20 acres 2-Car Garage Pool Avery South Sec 02 Ph 03

From the curb, it seems like a classic Avery Ranch home. Step inside, and the script changes. Nearly $140K in renovations have taken this 4-bedroom, single-story home well beyond cosmetic updates. The roof was replaced in 2025, while the remodeled kitchen and baths, continuous porcelain tile flooring, with no carpet anywhere, and updated finishes give the interior a crisp, contemporary look throughout. At the front of the home, the formal living and dining rooms can keep their traditional roles or change along with the needs of the household. From there, the layout opens into a large family room, where tall ceilings and stacked windows pull in natural light while a floor-to-ceiling porcelain tile fireplace adds sharp contrast and a strong focal point. The kitchen sits right alongside the action, finished with white cabinetry, quartz counters and SS appliances. Breakfast bar seating and an integrated breakfast nook offer two casual places to gather without taking over the formal dining room. Positioned at the back of the home, the primary bedroom overlooks the yard and includes its own impressive ensuite and generous walk-in closet. Three additional bedrooms can accommodate family and guests while still leaving the option for an office, workout room or whatever else needs its own door. The living space continues outside beneath a covered patio that runs nearly the full length of the home. There is enough room for dining, grilling, a game-day TV setup and even a future outdoor kitchen, all overlooking a fenced yard shaded by mature trees. The corner setting adds another practical advantage: no next-door neighbor on one side. Golf, pools, tennis, pickleball, parks and trails are part of life in Avery Ranch, along with Round Rock ISD schools and convenient access to The Domain, Austin’s tech corridor, major employers, SH 45 and MoPac. It has the Avery Ranch address and single-story practicality, but the inside is anything but ordinary! Seller is offering seller finan.

At $273/sqft, this home is 30% below the Austin active market average of $392/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 $694,900
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 # ACT246225259
List Date September 11, 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.

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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 · September 11, 2026 $695,000
Current ask $694,900
▼ Reduced $100 (-0.0%) 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
9804 Bundoran Dr
Avery Ranch North Sec 02 Pud Amd
$714,900 $226 4 bd / 3 ba 3,169 sqft , 2026-07-02
15114 Galena Dr
Davis Spring Sec 3-c
$725,000 $248 4 bd / 3 ba 2,928 sqft , 2026-08-08
9808 Ivalenes Hope Dr
Pearson Place Sec 2
$729,500 $270 4 bd / 4 ba 2,704 sqft , 2026-10-07
15616 Prestancia Dr
Avery Ranch Brookside Ph 02
$660,000 $209 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

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
$138,980
20% conventional investment loan

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

Estimated Gross Rent+$3,336
Principal + Interest−$3,792
Property Tax (~2.1% TX avg)−$1,216
Insurance (~0.5%)−$290
Est. Monthly Cash Flow $-1,962

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 October 6, 2026.

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