5311 Avispa Way, Austin, TX 78738
Local realty services provided by:Better Homes and Gardens Real Estate Hometown
Listed by: john martin
Office: keller williams realty
MLS#:8723748
Source:ACTRIS
5311 Avispa Way,Austin, TX 78738
$699,000
- 3 Beds
- 2 Baths
- 2,580 sq. ft.
- Single family
- Active
Price summary
- Price:$699,000
- Price per sq. ft.:$270.93
About this home
Discover the incredible potential of 5311 Avispa Way, a unique property offering 2.75 acres in one of Austin's most desirable growth corridors. Whether you're an investor, builder, developer, or visionary homeowner, this property presents a rare chance to renovate, reimagine, or redevelop.
The existing single-story residence features 2,580 square feet, 3 bedrooms, and 2 bathrooms and is being offered as-is. While the home retains its original 1980s finishes and is ready for a complete transformation, it provides a solid foundation for those looking to restore its character or create something entirely new.
What truly sets this property apart is the land. Spanning 2.75 acres with access from two separate streets, the site offers exceptional flexibility and future potential. The dual access points create an outstanding opportunity for those exploring subdivision or redevelopment possibilities.
Surrounded by the natural beauty of the Texas Hill Country while remaining just minutes from the Hill Country Galleria, Bee Cave, Lake Travis, award-winning Lake Travis ISD, championship golf courses, wineries, dining, shopping, and entertainment, this property combines privacy, convenience, and long-term investment potential.
Properties of this size and versatility are becoming increasingly difficult to find in the Lake Travis market. Whether your vision is a luxury estate, a thoughtful renovation, or a future development opportunity, 5311 Avispa Way is ready for its next chapter....
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Home facts
- Year built:1983
- Subdivision & Development:Bee Caves West
- Listing ID #:8723748
- Updated:September 24, 2026 at 03:53 PM
Rooms and interior
- Bedrooms:3
- Total bathrooms:2
- Full bathrooms:2
- Flooring:Carpet, Tile
- Kitchen Description:Dishwasher, Free-Standing Refrigerator, Gas Cooktop, Gas Range, Microwave, Oven
- Living area:2,580 sq. ft.
Heating and cooling
- Cooling:Central
- Heating:Central, Propane
- Central air:Yes
Structure and exterior
- Roof:Composition
- Year built:1983
- Building area:2,580 sq. ft.
- Lot area:2.75 Acres
- Lot Features:Corner Lot, Level, Native Plants, Near Golf Course, Open Lot, Split Possible, Trees-Heavy, Trees-Large (Over 40 Ft)
- Construction Materials:Stone Veneer, Vertical Siding
- Foundation Description:Slab
Schools
- High school:Lake Travis
- Elementary school:Bee Cave
Utilities
- Water:Public
- Sewer:Septic Tank
Finances and disclosures
- Price:$699,000
- Price per sq. ft.:$270.93
- Tax amount:$7,045 (2026)
Features and amenities
- Appliances:Dishwasher, Free-Standing Refrigerator, Gas Cooktop, Gas Range, Microwave, Oven
Parking
- Total parking spaces:4
- Parking description:Carport, Driveway
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