For Sale House MLS# ACT8723748

5311 Avispa Way

Austin, TX 78738

$699,000

Take the tour

About 5311 Avispa Way

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.

Property details

Property

Type
Single Family Residence
MLS type
Residential
Status
Active
Year built
1983
Stories
One
Living area
2,580 sqft
Price / sqft
$271
Lot
2.75 AC / 119,790 SF
Full baths
2
Original price
$799,000
MLS #
8723748

Interior

Features
Ceiling Fan(s), Laminate Counters, Tile Counters, Eat-in Kitchen, Multiple Living Areas, No Interior Steps, Soaking Tub, Walk-In Closet(s)
Appliances
Dishwasher, Gas Cooktop, Gas Range, Microwave, Oven, Free-Standing Refrigerator
Flooring
Carpet, Tile
Heating
Central, Propane
Cooling
Ceiling Fan(s), Central Air
Laundry
Inside,Laundry Room

Exterior & lot

Roof
Composition
Foundation
Slab
Lot
Corner Lot, Level, Native Plants, Near Golf Course, Open Lot, Split Possible, Trees-Heavy, Trees-Large (Over 40 Ft)
Patio & porch
Deck
Fence
Wire
View
Trees/Woods
Pool
In Ground
Parking
Carport, Driveway

Schools

District
Lake Travis ISD
Elementary
Bee Cave
Middle
Bee Cave Middle School
High
Lake Travis

Utilities

Utilities
Electricity Connected, Propane, Water Connected
Water
Public
Sewer
Septic Tank

Financial

Annual tax
$7,045
Tax year
2026
Parcel
01187703370000
Legal
LOT 21 BEE CAVES WEST (HOMESTEAD)
Special conditions
Standard

Location

Subdivision
Bee Caves West
County
Travis
Directions
From Austin take E 6th St, State Hwy 1 Loop S/TX-1 Loop S, Southwest Pkwy and State Hwy 71 E to Cueva Dr in Bee Cave. Continue on Cueva Dr. Drive to Avispa Way.

Location

Neighborhood
Bee Caves West

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Listed by John Martin, Keller Williams Realty

Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.