Active Listing  ·  106 days on market

5913-B Charles Merle Dr #16

Austin, TX 78747
$340,000
3 Bed 3 Bath 1,840 sqft $185/sqft Built 2018 0.10 acres 2-Car Garage Pool GOODNIGHT RANCH CONDOMINIUMS

Step into this stunning contemporary condo built in 2018, spanning 1,840 square feet, and boasting 3 bedrooms and 2.5 bathrooms! The expansive family room has high ceilings, beautiful and durable wood-look tile flooring, and wonderful natural light. The modern kitchen boasts designer features such as a center island, granite countertops, tile backsplash, stainless steel appliances, and ample cabinet storage, perfect for cooking and entertaining. The large, open living / dining areas offer versatility and comfort for daily living and hosting guests and the half bathroom downstairs ensures a private upper living area while you are entertaining. ~ Upstairs, the primary bedroom serves as a serene retreat with its own private balcony overlooking the front yard - the perfect spot for a morning cup of coffee and your favorite plants! There are 2 large primary closets and an ensuite bathroom with ample space and luxuries such as a dual vanity and large walk-in shower. ~ Step outside to find your private, fenced backyard provides an ideal space for outdoor activities, gatherings and summer barbecues. A detached 2-car garage offers extra storage and parking convenience. ~ Located within walking distance of Onion Creek Metropolitan Park - one of the largest metro parks in the city - and the elementary school! Embrace the vibrant community of Goodnight Ranch, where amenities like a pool, splash pad, and greenbelt trails await your exploration. Easy access to major highways (I35, 183, 130), situated just 10 miles from the airport, downtown Austin and McKinney Falls State Park which offers great hiking, camping and biking. Whether you're seeking outdoor adventure or serene retreat, this condo invites you to enjoy the best of both worlds. ~ Don't miss this opportunity to own this “turn-key” and move-in-ready home! Schedule a showing today!

At $185/sqft, this home is 53% 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

5913-B Charles Merle Dr #16, Austin, TX 78747

Property Details

Price $340,000
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 2018
Garage 2 spaces
Stories ,
Type Residential · Condominium
Subdivision GOODNIGHT RANCH CONDOMINIUMS
County Travis
Zip Code 78747
$/sqft $185/sqft
Days on Market ,
HOA $60/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT226916859
List Date April 20, 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 →

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 · April 20, 2026 $350,000
Current ask $340,000
Reduced $10,000 (-2.9%) 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
6302 Thurgood Ave
Johnston Terrace Sec 02
$340,000 $269 3 bd / 1 ba 1,262 sqft , 2026-02-03
808 Minturn Ln
Buckingham Estates Ph 04 Sec B
$340,000 $279 3 bd / 2 ba 1,219 sqft , 2026-03-06
5508 Emma Thompson Way
Bradshaw Crossing Sec 04
$340,000 $199 3 bd / 3 ba 1,705 sqft , 2026-05-19
9201 Brodie Ln #403
Brodie Heights Condo Amd
$340,000 $202 3 bd / 3 ba 1,687 sqft , 2026-06-26
5624 Colinton Ave
Edinburgh Gardens
$339,999 $163 4 bd / 3 ba 2,088 sqft , 2026-02-05

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
$1,632/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
$68,000
20% conventional investment loan

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

Estimated Gross Rent+$1,632
Principal + Interest−$1,856
Property Tax (~2.1% TX avg)−$595
Insurance (~0.5%)−$142
Est. Monthly Cash Flow $-961

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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