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#1 Austin Board of Realtors Team 2024#1 Austin Board of Realtors Team 2024Loading
Income Property Opportunity in South Austin – Tenant Occupied 3 Bedrooms | 2.5 Bathrooms | 1,840 SqFt | Built in 2019
Great opportunity to own a well-maintained townhouse in the desirable Goodnight Ranch community of South Austin. This two-story home offers 3 bedrooms, 2.5 bathrooms, and 1,840 sq ft of comfortable living space with a functional open-concept layout.
The property is currently tenant-occupied at $1,900 per month, offering immediate rental income. Lease details available upon request. Buyers are advised to verify all terms and discuss any potential changes with the tenant after closing.
Built in 2019, the home features a modern kitchen with stainless steel appliances, a bright living area, and a private balcony overlooking the community pond and walking trails. A two-car rear-entry garage provides added convenience.
Residents enjoy access to community amenities, including: Pool Parks and green spaces BBQ areas Walking trails
Conveniently located with easy access to I-35, and approximately 20 minutes from COTA (Circuit of the Americas), as well as nearby shopping, dining, and Austin ISD schools.
Property is subject to an existing lease. Showings require advance notice. Please contact the listing agent for details.
Property Type
Residential
Year Built
2019
Lot Size
0.10 acres
$/Sq Ft
$204
HOA
$180/mo
Garage
2 spaces
Listed by Lumena Realty
Property Details
Features
Appliances
Flooring
Features
Construction
Lot Features
Fencing
Foundation
Patio / Porch
Parking
Verified property facts
5501-A Charles Merle Dr Unit #20 is listed at $375,000 with 3 bedrooms, 2 full, 1 half bathrooms, 1,840 square feet, 0.10-acre lot.
5501-A Charles Merle Dr Unit #20 is zoned for Austin ISD with assigned schools: Blazier (elementary), Paredes (middle), Akins (high). School assignments should be verified directly with the district.
5501-A Charles Merle Dr Unit #20 is a Residential built in 2019 featuring 3 bedrooms, 2 full, 1 half bathrooms, 1,840 square feet, 0.10-acre lot.
5501-A Charles Merle Dr Unit #20 is presented by the Keenan Group at Compass Real Estate, the #1 Austin Board of Realtors Team (2024) with 1,000+ career transactions and $1B+ in career volume across Austin's luxury market.
#1 Austin Board of Realtors Team. Over 1,000 successful transactions with high-end expertise.
25+ years advising buyers and sellers in this community
Best Match
Balanced against price, location, and layout so nearby lookalikes rise first. Similar properties in Goodnight Ranch
Listing timeline with current price, original ask, and market time.
Zoned assignments come from the property school fields available to us. District context schools are shown only when an assigned tier is missing. Contact the school district directly to verify current boundaries and enrollment eligibility.
20% ($75K)
$375,000
Luxury property intelligence
A sourced read on Goodnight Ranch pricing, timing, and property scale. No automated valuation claim.
List price
$375,000
Price per sqft
$204/sqft
Vs. Goodnight Ranch median
Not available
Days on market
198 days
Original to current
No verified reduction
$375K original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of May 30, 2026.
Request Private Market AnalysisZIP-level neighborhoods, schools, lifestyle, and Austin market context
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#1 ABOR Team 2024 with $1B+ career sales volume
5501-A Charles Merle Dr Unit #20 is priced at $204 per square foot across 1,840 sqft.
The most recent annual property tax for 5501-A Charles Merle Dr Unit #20 is $8,754. Texas has no state income tax, so property taxes are a primary revenue source. Rates vary by jurisdiction and exemptions. Verify current amounts with the county appraisal district.
With 20% down ($75,000) on a 30-year fixed mortgage at approximately 6.75%, the estimated monthly payment for 5501-A Charles Merle Dr Unit #20 is around $2,675 including principal, interest, and estimated taxes. Actual payment varies by rate, down payment, insurance, and HOA fees.
At $375,000, 5501-A Charles Merle Dr Unit #20 is in the Goodnight Ranch market where there are currently 138 active listings in 78747.
5501-A Charles Merle Dr Unit #20 was built in 2019, making it 7 years old with relatively recent construction.
5501-A Charles Merle Dr Unit #20 is part of a managed community with HOA dues of $180 quarterly. HOA-managed communities in Austin's luxury market typically provide amenities such as common areas, security, and exterior maintenance. Verify current dues and rules with the HOA directly.
Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.
1 event on record
Current Price
$375,000
Timeline data compiled from MLS records and public records. Information deemed reliable but not guaranteed.
Timeline merges MLS activity (when permitted) with public records. Some details may be restricted to registered VOW clients.
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