For sale

$699,000

5311 Avispa Way
Austin, TX 78738

  • 3 beds
  • 2 baths
  • 2,580 sq ft
  • 2.75 acres

Listing courtesy of Keller Williams Realty · (512) 448-4111 · MLS# 8723748 · Status: Active

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.

Description provided by the listing brokerage.

Facts

Property type
Residential · Single Family Residence
Year built
1983
Lot size
2.75 acres
Living area
2,580 sq ft
Price per sq ft
$271
Bathrooms
2 full, 0 half
Annual taxes
$7,045
County
Travis
Neighborhood
Bee Caves West
School district
Lake Travis ISD
Schools
Bee Cave · Bee Cave Middle School · Lake Travis

Features

Roof
Composition
View
Trees/Woods
Sewer
Septic Tank
Levels
One
Cooling
Ceiling Fan(s), Central Air
Fencing
Wire
Heating
Central, Propane
Flooring
Carpet, Tile
Utilities
Electricity Connected, Propane, Water Connected
Appliances
Dishwasher, Gas Cooktop, Gas Range, Microwave, Oven, Free-Standing Refrigerator
Lot
Corner Lot, Level, Native Plants, Near Golf Course, Open Lot, Split Possible, Trees-Heavy, Trees-Large (Over 40 Ft)
Water
Public
Pool
In Ground
Horse amenities
None
Windows
None
Parking
Carport, Driveway
Exterior
None
Interior
Ceiling Fan(s), Laminate Counters, Tile Counters, Eat-in Kitchen, Multiple Living Areas, No Interior Steps, Soaking Tub, Walk-In Closet(s)
Community
None
Foundation
Slab
Waterfront
None
Energy efficiency
None
Accessibility
None
Construction
Vertical Siding, Stone Veneer
Patio & porch
Deck
Take the virtual tour ↗

Location

Listings courtesy of Unlock MLS as distributed by MLS GRID.

Based on information submitted to the MLS GRID as of November 15, 2026 at 3:53 PM CT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID, and its use may be subject to an end user license agreement prescribed by the applicable MLS. Some IDX listings have been excluded from this website. Any use or search of this website other than by a consumer looking to purchase or lease real estate is prohibited. Terms of use