Property Overview

This fully renovated 1972 ranch-style home on Cherry Meadow Drive in South Austin stands out as a smart investment opportunity, boasting a complete interior overhaul that includes white oak hardwood floors, custom cabinetry, waterfall quartz countertops, and stainless steel appliances. Every system has been upgraded with new HVAC, plumbing, electrical, roof with transferable warranty, and double-pane windows, while recessed lighting and smooth finishes throughout create a contemporary aesthetic that appeals to today's renters. The custom iron fence and freshly sided exterior provide strong curb appeal and privacy on a generous lot spanning nearly 6,700 square feet.

Positioned in the Cherry Creek area of South Manchaca, this property delivers exceptional value at $384,900—a price point that reflects both the neighborhood's affordability and the home's market-ready condition. The South Austin location places residents within five minutes of restaurants, grocery stores, and local amenities, while remaining conveniently close to Zilker Park, downtown Austin, and Austin-Bergstrom International Airport. The 2024 rental performance, exceeding $50,000 annually, demonstrates strong income potential for investors seeking cash-flowing properties in Austin's rapidly developing South Austin corridor.

Agent Description

In the Cherry Creek neighborhood of South Austin, this single-story home has been fully renovated down to the studs, featuring updates like new drywall, insulation, a roof with transferable warranty, water heater, plumbing fixtures, white oak wide plank hardwood floors, double pane windows, HVAC system, higher-end custom iron fence, siding, tongue-and-groove interior and exterior walls, smooth-finished walls and ceilings, light fixtures, recessed lighting throughout, waterfall quartz island and kitchen countertops, new cabinets, and all new appliances. The fenced yard adds privacy and outdoor appeal, making it a strong draw for short-term tenants who value the modern aesthetic, convenient setup, and prime accessibility—driving over $50,000 in rental revenue for 2024 alone. Located less than 5 miles from Zilker Park, 10 miles from Austin-Bergstrom International Airport, 7 miles south of downtown Austin, and under 5 minutes from numerous restaurants, bars, and grocery stores, with walking distance to Sprouts Farmers Market and other eateries. This turnkey investment property can convey with all furniture and appliances for immediate cash flow. Refrigerator, washer, and dryer included.

Neighborhood: South Manchaca

This property is located in South Manchaca, Austin, TX. The area is known for Great Value, Generous Lots, Ranch-Style Homes, South Austin Location, Growing Amenities.

At $338/sqft, this listing is priced near the South Manchaca median of $356/sqft.

Property Details

Listing data last updated: March 25, 2026

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