New
$699,000
3 bd · 2 ba · 2,580 sqft · 2.75 acre lot
5311 Avispa Way, Austin, TX 78738
Single family · Built 1983 · $271/sqft ·
$4,140/mo est. payment
- Stories
- 1
3D tourFlood factor 1/10
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.
Facts and features
Bedrooms
- Bedrooms: 3
- Bedrooms On Main Level: 3
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
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
- Laundry Features: Inside, Laundry Room
Heating and Cooling
- Cooling Features: Ceiling Fan(s), Central Air
- Heating Features: Central, Propane
- Heating: Yes
- Number of Fireplaces: 0
- Ceiling Fans: Yes
Pool and Spa
- Pool Features: In Ground
- Pool Private: Yes
Exterior and Lot Features
- Fencing: Wire
- Other Structures: Storage, Workshop
- Patio And Porch Features: Deck
- Deck: Yes
Garage and Parking
- Covered Spaces: 0
- Parking Features: Carport, Driveway
- Parking Total: 4
Schools
- 8
Bee Cave Elementary School
elementary · K-5 · 0.8 mi
- 10
Bee Cave Middle
middle · 6-8 · 1.1 mi
- 8
Lake Travis High School
high · 9-12 · 1.5 mi
International School of Texas
elementary · K-6 · 0.7 mi
The Prep School of Bee Cave
elementary · K · 1.1 mi
Montessori School of the Epiphany
elementary · PK-K · 1.3 mi
Price history
- Aug 28, 2026 · Price Changed$699,000
- Jul 20, 2026 · Listed$799,000
- May 27, 1999 · Sold—
- Aug 19, 1994 · Sold—
Tax history
- 2026$7,044 tax · $428,512 assessed
- 2025$6,332 tax · $389,556 assessed
- 2023$5,094 tax · $321,947 assessed
- 2022$5,324 tax · $266,072 assessed
- 2021$5,131 tax · $241,884 assessed
- 2020$4,674 tax · $241,884 assessed
- 2019$4,806 tax · $244,800 assessed
- 2018$4,905 tax · $247,002 assessed
Home value
$692,000
- Collateral Analytics$692,000
- Cotality$660,400
- Quantarium$1,040,173
Where it is
Listed by John Martin · Keller Williams Realty · UnlockMLS
