5311 Avispa WAY,Austin,Travis,Residential

5311 Avispa WAY

MLS# 872374846 days on marketUpdated September 11, 2026 5:21 pm

$ 271 / sqft

$ 699,000

Overview

UpdatedSeptember 11, 2026 5:21 pm
MLS #8723748
Bedrooms3
Bathrooms2
Size2,580 ft²
Year Built1983

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.

Virtual Tour

Address

Interior

  • AppliancesDishwasher,Free-Standing Refrigerator,Gas Cooktop,Gas Range,Microwave,Oven
  • Bathrooms Full2
  • Bathrooms Half0
  • Bathrooms Total Integer2
  • Bedrooms Total3
  • CoolingYes
  • Fireplaces Total0
  • FlooringCarpet,Tile
  • HeatingCentral,Propane
  • Interior FeaturesCeiling Fan(s),Eat-in Kitchen,Laminate Counters,Multiple Living Areas,No Interior Steps,Soaking Tub,Tile Counters,Walk-In Closet(s)
  • Laundry FeaturesInside,Laundry Room,Washer Hookup,Electric Dryer Hookup
  • LevelsOne
  • Living Area2,580
  • Living Area SourcePublic Records
  • Main Level Bedrooms3

Exterior

  • Covered Spaces0
  • Direction FacesNorth
  • FencingWire
  • Garage Spaces0
  • Lot FeaturesCorner Lot,Near Golf Course,Level,Native Plants,Open Lot,Many Trees,Split Possible,Trees Large Size
  • Lot Size Acres3
  • Lot Size Area3
  • Parking FeaturesCarport,Driveway
  • Pool FeaturesIn Ground
  • RoofComposition
  • ViewTrees/Woods
  • ViewYes

Structure

  • Construction MaterialsStone Veneer,Vertical Siding
  • Foundation DetailsSlab
  • Property ConditionResale
  • Stories1
  • Year Built1983
  • Year Built SourcePublic Records

Utilities

  • SewerSeptic Tank
  • UtilitiesElectricity Connected,Propane,Water Connected
  • Water SourcePublic

Financial

  • Parcel Number01187703370000
  • Tax Annual Amount7,045
  • Tax Assessed Value389,556
  • Tax Legal DescriptionLOT 21 BEE CAVES WEST (HOMESTEAD)
  • Tax Lot21
  • Tax Year2026

Schools

Location

  • CountryUnited States
  • County Or ParishTravis
  • DirectionsFrom 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.
  • Latitude30
  • Longitude-98
  • MLS Area MajorLS
  • Postal Code78738
  • Street NameAvispa
  • Street Number5311
  • Street Number Numeric5,311
  • Street SuffixWay
  • Subdivision NameBee Caves West
  • Unparsed Address5311 Avispa WAY

Listing Info

  • Attribution Contact(512) 576-4488
  • Back on Market DateAugust 19, 2026
  • Contract Status Change DateJuly 20, 2026
  • Cumulative Days On Market46
  • Days On Market46
  • List AORAustin Board of Realtors
  • List Agent Direct Phone(512) 576-4488
  • List Agent First NameJohn
  • List Agent Full NameJohn Martin
  • List Agent Key13977176
  • List Agent Last NameMartin
  • List Agent Middle NameRichard
  • List Agent MLS ID617787
  • List Agent National Association ID785035907
  • List Agent URLascensionaustin.com
  • List Office Emaillramsey@kwaustin.com
  • List Office Key983603
  • List Office MLS ID0991
  • List Office NameKeller Williams Realty
  • List Office Phone(512) 448-4111
  • List Office URLhttp://www.kellerwilliams.com
  • List Price699,000
  • Listing AgreementExclusive Right To Sell
  • Listing Contract DateJuly 20, 2026
  • Listing ID8723748
  • Listing Key1177620787
  • Listing ServiceFull Service
  • Listing TermsCash,Conventional,FHA,VA Loan
  • Listing URLhttps://view.zabemedia.com/5311_avispa_way-5293
  • Major Change TimestampAugust 28, 2026
  • MLS StatusActive
  • Modification TimestampSeptember 11, 2026
  • Occupant TypeVacant
  • On Market DateJuly 20, 2026
  • Original Entry TimestampJuly 20, 2026
  • Originating System Key239869145
  • Originating System NameACTRIS
  • Ownership TypeFee Simple
  • Photos Change TimestampSeptember 11, 2026
  • Photos Count24
  • PossessionClosing & Funding,Close Of Escrow
  • Price Change TimestampAugust 28, 2026
  • Showing Contact NameJohn Martin
  • Showing Contact Phone512-576-4488
  • Showing Contact TypeAgent
  • Source System Key1177620787
  • Special Listing ConditionsStandard
  • Status Change TimestampAugust 19, 2026
  • Syndicate ToApartments.com,AustinHomeSearch.com,HAR.com,ListHub,Realtor.com
  • Syndication RemarksDiscover 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.
  • Universal Property IDUS-48453-N-01187703370000-R-N
  • Videos Change TimestampSeptember 11, 2026
  • Videos Count0

Features & Amenities

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Meet your agent

JM

John Martin

Listing Agent · Keller Williams Realty

BrokerageKeller Williams Realty
Agent MLS ID617787
Office MLS ID0991

Get in touch

(512) 921-3417Send a message

Office · (512) 448-4111

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Listing courtesy of Keller Williams Realty

MLS# 8723748 · Listing agent John Martin · Data last updated September 11, 2026 5:21 pm

JMJohn Martin
HPHeather Powell Residential GroupContact

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