$360,000

Property Overview

This modern 2018 townhouse on Charles Merle Drive sits on a desirable corner lot in the award-winning Goodnight Ranch community, just a two-minute walk from the neighborhood pond. The open-concept layout features high ceilings and wood-tile flooring throughout the main living areas, while the kitchen boasts granite countertops, a center island, and stainless steel appliances. With three bedrooms, three bathrooms, and 1,840 square feet of thoughtfully designed space, this property serves equally well as a primary residence or investment opportunity, having recently generated $2,250 monthly rental income.

Strategic upgrades enhance both comfort and value, including sound barrier insulation between adjoining units for enhanced privacy and generator-ready wiring for backup power capability. All appliances—refrigerator, washer, and dryer—transfer with the sale, eliminating immediate replacement costs. The home sits at $196 per square foot, offering solid value positioning within the Austin market. Located in a master-planned community known for amenities and strong appreciation, 5801 Charles Merle Drive represents an opportunity for buyers seeking either owner-occupied living or proven rental performance in South Austin's competitive landscape.

Vox Residential Insight

This property's documented rental history at $2,250 monthly provides rare transparency for investors evaluating cash flow potential in Goodnight Ranch. The combination of immediate moveability, established demand proof, and community location makes it a standout option in the current South Austin market where comparable inventory remains limited.

Agent Description

Modern Austin Townhome in Award-Winning Goodnight Ranch! Check out this modern two-story townhouse of open living space. This home sits on the corner lot and is a 2-minute walk from the community pond. Previously a rental — making it an equally strong fit for homeowners and investors looking for immediate cash flow potential. *Please note that the home is now vacant and the pictures were taken when it was occupied by the last tenant.* The main living area has high ceilings and wood-tile flooring. The kitchen is complete with granite countertops, a center island, stainless steel appliances, and ample cabinet storage. All appliances — including the refrigerator, washer, and dryer — convey with the property, making this a true move-in-ready (or rent-ready) opportunity. Thoughtful upgrades set this home apart: a sound barrier between adjoining units for added privacy, and generator-ready wiring already in place for peace of mind. Upstairs, the primary suite includes a private balcony, two spacious closets, and an ensuite bathroom with dual vanities and a walk-in shower. The fenced backyard offers a low-maintenance outdoor escape, and the detached two-car garage delivers extra storage with convenient access just steps from the back door. Location is a major highlight—situated near some of Austin ISD’s top-rated schools, Onion Creek Park (one of the city’s largest metro parks), and just 8 miles from downtown Austin. McKinney Falls State Park is also nearby, offering hiking, biking, and camping. Award-Winning Community! Goodnight Ranch spans 700+ acres with parks, trails, pools, ponds, and green space throughout — recognized by the Austin Business Journal and Austin Stays Weird as one of Austin's top master-planned communities. Whether you're searching for your next home or your next income property, this one checks every box.

Property Details

Listing data last updated: July 16, 2026

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