Description
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.
Details
| MLS # | 8723748 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1983 |
| Days On Site | 38 |
| Listing Provided By | Keller Williams Realty | John Martin |
Features
| Bed(s) | 3 |
|---|---|
| Bath(s) | 2 Total |
| SQ Feet | 2,580 |
| Car Port | Yes |
| Pool | Yes |
| Story(s) | 1 |
| Acreage | 2.75 |
| Golf Course | Yes |
| Water Front | Yes |
| Property View | Trees, Woods |
Interior
| Interior Features | Ceiling Fan(s), Laminate Counters, Tile Counters, Eat-in Kitchen, Multiple Living Areas, No Interior Steps, Soaking Tub, Walk-In Closet(s) |
|---|---|
| Cooling | Ceiling Fan(s), Central Air |
| Heating | Central, Propane |
| Appliances | Dishwasher, Gas Cooktop, Gas Range, Microwave, Oven, Free-Standing Refrigerator |
| Fireplaces Total | 0 |
| Window Features | None |
| Flooring | Carpet, Tile |
Exterior
| Exterior Features | None |
|---|---|
| Roof | Composition |
| Foundation Details | Slab |
| Lot Features | Corner Lot, Level, Native Plants, Near Golf Course, Open Lot, Split Possible, Trees-Heavy, Trees-Large (Over 40 Ft) |
| Patio And Porch Features | Deck |
| Fencing | Wire |
| Construction Materials | Vertical Siding, Stone Veneer |
Parking
| Parking Features | Carport, Driveway |
|---|---|
| Garage Spaces | 0 |
Utilities
| Utilities | Electricity Connected, Propane, Water Connected |
|---|---|
| Sewer | Public Sewer |
Other
| List Aor | Austin Board Of Realtors |
|---|
Taxes
| Property | 7044 |
|---|
Area Information
| State | TX |
|---|---|
| County | Travis |
| City | Austin |
| Zip Code | 78738 |
| Area | LS |
| Community Name | Bee Caves West |
| School District | Lake Travis ISD |
| Elementary School | Bee Cave |
| High School | Lake Travis |
| Listing VS Median (in Bee Caves West) | |
Price: $799,000 low | high Med: $899,000 sqft: 2,580 low | high Med: 2,762 $ / sqft: $310 low | high Med: $325 On site: 38 low | high Med: 57 | |
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Listings courtesy of Austin Board of REALTORS® MLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID as of August 27, 2026 at 8:29:39 AM PDT 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.
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Contact
Learn More About This Property
| State | TX |
|---|---|
| County | Travis |
| City | Austin |
| Zip Code | 78738 |
| Area | LS |
| Community Name | Bee Caves West |
| School District | Lake Travis ISD |
| Elementary School | Bee Cave |
| High School | Lake Travis |
| Listing VS Median (in Bee Caves West) | |
Price: $799,000 low | high Med: $899,000 sqft: 2,580 low | high Med: 2,762 $ / sqft: $310 low | high Med: $325 On site: 38 low | high Med: 57 | |
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