Active Listing  ·  7 days on market

5912 Corrine Ln

Austin, TX 78747
$395,000
3 Bed 3 Bath 1,533 sqft $258/sqft Built 2017 0.10 acres 2-Car Garage Pool Goodnight Ranch Ph 1 Sec 2

Beautifully upgraded single-story home in South Austin's Goodnight Ranch, a vibrant master-planned community with resort-style amenities. Inside, a thoughtfully designed layout gives every bedroom its own full bath — a setup that works beautifully for guests or multigenerational living. The single-story design creates a comfortable separation between living, sleeping, and guest spaces, with no stairs to navigate. From the huge covered front porch, step inside to wood-look tile floors and an open living space anchored by a custom built-in entertainment center that adds warmth and character. Upgraded Lutron smart lighting throughout lets you set just the right mood in every room. The kitchen has granite counters and stainless steel appliances with a breakfast bar offering seating that opens to the family room — easy for cooking and visiting with guests or catching up on your favorite show. Thoughtful touches like a concealed trash bin and extra storage keep the kitchen clean and organized. A versatile flex room adds even more options, easily serving as a second living area, study, or playroom.

An oversized laundry room offers additional storage with built-in shelves and cabinets, and the rear-entry garage is wonderfully organized with built-in cabinets and wall-mounted storage — ready for hobbies and seasonal gear.

Out back, a pathway leads to a landscaped yard with a sitting area, string lights, and artificial turf for a low-maintenance space made for morning coffee or evening unwinding. Newer gutters with leaf guards and sprinkler system add practical peace of mind.

Goodnight Ranch puts Austin's downtown within convenient reach while keeping you in a price range that's tough to match that close in. Residents enjoy a community pool, playscapes, multiple parks, and community ponds. A trail system winds through native landscaping, with access open space inside the community. It's a tight-nit community that feels like home the moment you arrive!

At $258/sqft, this home is 34% 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

5912 Corrine Ln, Austin, TX 78747

Property Details

Price $395,000
Status Active Listing
Beds 3
Full Baths 3
Half Baths ,
Living Area 1,533 sqft
Lot Size 0.10 acres (4,373.42 sqft)
Year Built 2017
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Goodnight Ranch Ph 1 Sec 2
County Travis
Zip Code 78747
$/sqft $258/sqft
Days on Market ,
HOA $40/Monthly
Annual Tax Est. $7,850.42
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT251359394
List Date November 5, 2026
Elementary School Blazier
Middle School Mendez
High School Akins
School District Austin ISD

Austin ISD

Blazier · Mendez · 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
6403 Lautner Ln
Twilight Condominiums at Goodnight Ranch
$389,990 $191 3 bd / 3 ba 2,039 sqft , 2026-07-14
6316 Lautner Ln
Twilight Condominiums at Goodnight Ranch
$389,990 $194 3 bd / 3 ba 2,015 sqft , 2026-07-24
6405 Lautner Ln
Twilight Condominiums at Goodnight Ranch
$389,990 $209 3 bd / 3 ba 1,864 sqft , 2026-08-21
6704 Broad Brook Dr
Springfield Ph C
$389,990 $193 4 bd / 3 ba 2,025 sqft , 2026-10-29
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
$1,896/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
$79,000
20% conventional investment loan

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

Estimated Gross Rent+$1,896
Principal + Interest−$2,156
Property Tax (assumed ~2.1%)−$691
Insurance (assumed ~0.5%)−$165
Est. Monthly Cash Flow $-1,116

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 November 6, 2026.

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

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