Overview
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
- Street5311 Avispa
- CityAustin
- SubdivisionBee Caves West
- CountyTravis
- StateTX
- Zip78738
- MLS #8723748
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
- Elementary SchoolBee Cave
- Elementary School DistrictLake Travis ISD
- High SchoolLake Travis
- High School DistrictLake Travis ISD
- Middle Or Junior SchoolBee Cave Middle School
- Middle Or Junior School DistrictLake Travis ISD
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
- Carpet
- Carport
- Ceiling Fan(s)
- Central
- Corner Lot
- Dishwasher
- Driveway
- Eat-in Kitchen
- Electric Dryer Hookup
- Free-Standing Refrigerator
- Gas Cooktop
- Gas Range
- In Ground
- Inside
- Laminate Counters
- Laundry Room
- Level
- Many Trees
- Microwave
- Multiple Living Areas
- Native Plants
- Near Golf Course
- No Interior Steps
- Open Lot
- Oven
- Private Pool
- Propane
- Soaking Tub
- Split Possible
- Tile
- Tile Counters
- Trees Large Size
- Trees/Woods
- Walk-In Closet(s)
- Washer Hookup
Mortgage Calculator
- Principal & interest
- Property tax
- Home insurance
- PMI
- HOA dues
Estimates only and not a loan offer. Taxes, insurance and rates vary — confirm with a lender.
Meet your agent
John Martin
Listing Agent · Keller Williams Realty
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