Active Listing  ·  104 days on market

5517 Charles Merle Dr #B

Austin, TX 78747
$325,000
3 Bed 3 Bath 1,810 sqft $180/sqft Built 2019 0.03 acres 2-Car Garage Pool Goodnight Ranch

Built in 2019 and set in the Goodnight Ranch community of South Austin, this 3-bedroom, 2.5-bath townhome brings a modern feel, a functional layout, and a location that makes day-to-day life easy. Inside, the main level is one big open space where the kitchen, dining, and living areas all connect, giving it a clean, open feel and a layout that keeps everything moving naturally. Tall ceilings and wood-look tile flooring keep the space feeling modern, while the kitchen adds practical style with a center island and breakfast bar seating, 36” cabinets, under-cabinet lighting, subway tile backsplash, and stainless steel appliances. A guest bath downstairs adds to the easy flow of the layout. Upstairs, the primary suite has its own balcony access, two closets, and a private ensuite bath. Two additional bedrooms and another full bathroom give you flexibility for guests, a home office, or whatever fits your setup best. Between the home and the detached 2-car garage, the private yard gives you outdoor space that is actually usable without turning into a full weekend project. And the setting here really adds to it. Located directly across from a park and pond, this home sits in a neighborhood built around connection, with sidewalks, trails, pocket parks, pools, schools, and everyday convenience woven right in. You can grab coffee, get outside, walk to nearby neighborhood spots, and still be just minutes from Downtown Austin and Southpark Meadows. Whether you’re looking for a place to settle into or a smart long-term hold in a growing part of South Austin, this one makes a lot of sense. Buyer to verify all info.

At $180/sqft, this home is 54% 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

5517 Charles Merle Dr #B, Austin, TX 78747

Property Details

Price $325,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 1,810 sqft
Lot Size 0.03 acres (1,481.04 sqft)
Year Built 2019
Garage 2 spaces
Stories ,
Type Residential · Townhouse
Subdivision Goodnight Ranch
County Travis
Zip Code 78747
$/sqft $180/sqft
Days on Market ,
HOA $60/Monthly
Annual Tax Est. $9,002.36
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT227034123
List Date April 22, 2026
Elementary School Blazier
Middle School Paredes
High School Akins
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
12704 Bloomington Dr
Hills at Estancia
$325,000 $181 4 bd / 2 ba 1,800 sqft , 2026-03-19
5709 Zachary Scott St
Zachary Scott Sec 02
$325,000 $162 4 bd / 3 ba 2,009 sqft , 2025-12-05
11000 Anderson Mill Rd #46
Courtyard Homes At Anderson Oaks Condo Ph 03
$325,000 $222 3 bd / 3 ba 1,466 sqft , 2026-04-10
6706 Carisbrooke Ln
Harris Branch Ph 01-A Sec 03
$325,000 $169 4 bd / 3 ba 1,924 sqft , 2026-05-15
10809 Lambert Cir
LAMBERT PARK
$325,000 $269 3 bd / 2 ba 1,208 sqft , 2026-05-23

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
$1,560/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
$65,000
20% conventional investment loan

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

Estimated Gross Rent+$1,560
Principal + Interest−$1,774
Property Tax (~2.1% TX avg)−$569
Insurance (~0.5%)−$135
Est. Monthly Cash Flow $-918

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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