Active Listing  ·  364 days on market

5501-A Charles Merle Dr #20

Austin, TX 78747
$375,000
3 Bed 3 Bath 1,840 sqft $204/sqft Built 2019 0.10 acres 2-Car Garage Pool Goodnight Ranch

A turnkey investment opportunity in one of South Austin's most desirable master-planned communities, Goodnight Ranch. This two-story townhouse offers 3 bedrooms, 2.5 baths, and 1,840 sq ft of open-concept living, with stainless steel appliances, an in-unit washer and dryer, a private balcony with pond and trail views, and a rear-facing 2-car garage. The property is offered for sale and also available for lease at $2,200 per month, with lease availability beginning November 8, 2026. Showings are available now. HOA amenities include a resort-style pool, multiple pocket parks and BBQ areas, a 3-mile trail system, four community ponds, and access to the 550+ acre Onion Creek Metropolitan Park. Easy access to I-35, downtown Austin, and Austin ISD schools; about 20 minutes from COTA. MLS #7185625 (for sale) · MLS #1911198 (for lease).

At $204/sqft, this home is 48% below the Austin active market average of $390/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

5501-A Charles Merle Dr #20, Austin, TX 78747

Property Details

Price $375,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 1,840 sqft
Lot Size 0.10 acres (4,255.81 sqft)
Year Built 2019
Garage 2 spaces
Stories ,
Type Residential · Condominium
Subdivision Goodnight Ranch
County Travis
Zip Code 78747
$/sqft $204/sqft
Days on Market ,
HOA $180/Quarterly
Annual Tax Est. $8,754.25
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT211832163
List Date November 13, 2025
Elementary School Blazier
Middle School Paredes
High School Akins
School District Austin ISD

Austin ISD

Blazier · Paredes · Akins

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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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
5708 Forks Rd
Twilight Condominiums at Goodnight Ranch
$374,990 $213 3 bd / 3 ba 1,762 sqft , 2026-07-16
6315 Lautner Ln
Twilight Condominiums at Goodnight Ranch
$369,990 $213 3 bd / 3 ba 1,733 sqft , 2026-07-15
5714 Forks Rd
Goodnight Ranch
$369,990 $212 2 bd / 2 ba 1,747 sqft , 2026-08-09
6404 Lautner Ln
Twilight Condominiums at Goodnight Ranch
$369,990 $219 3 bd / 3 ba 1,689 sqft , 2026-08-21
6400 Lautner Ln
Twilight Condominiums at Goodnight Ranch
$384,990 $207 3 bd / 3 ba 1,864 sqft , 2026-07-24

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
$1,800/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
$75,000
20% conventional investment loan

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

Estimated Gross Rent+$1,800
Principal + Interest−$2,047
Property Tax (assumed ~2.1%)−$656
Insurance (assumed ~0.5%)−$156
Est. Monthly Cash Flow $-1,059

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 · 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 October 28, 2026.

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

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