5311 Avispa WAY, Austin TX 78738,Austin,Travis,Residential

$ 699,000
5311 Avispa WAY, Austin TX 78738,

Overview

  • Property ID
  • 3393479
  • 3 Bedrooms
  • 2 Bathrooms
  • 2,580 ft2
  • 3 ac

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.

Other Features
Ceiling Fan(s)
Dishwasher
Eat-in Kitchen
Electric Dryer Hookup
Electrical Utility Available
Free-Standing Refrigerator
Gas Cooktop
Gas Range
Has Pool
Laminate Counters
Microwave
Multiple Living Areas
No Interior Steps
None
Oven
Soaking Tub
Tile Counters
Walk-In Closet(s)
Washer Hookup
Property Id : 3393479
Price: $ 699,000
Property Size: 2,580 ft2
Property Lot Size: 3 ac
Bedrooms: 3
Bathrooms: 2
Syndication Remarks: 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.
Parking Features: Carport, Driveway
Lot Size(acres): 2.75
Lot Size(sf): 119790
Country: US
Last Listing Change: 2026-09-11T17:20:35.050Z
Listing Detail URL: https://view.zabemedia.com/5311_avispa_way-5293
Property Key: 48453|119215|1|37094542
Status Contractual Search Date: 2026-07-20
Listing Key Numeric: 239869145
Est. Taxes: 7044.6
Originating System Key: actris
Originating System Name: ABOR - actris
FEMA Flood Plain: No
#Photos: 24
Last Price Change: August 28, 2026 at 09:56pm
State: TX
Last Status Change: August 19, 2026 at 02:02pm
Street Name: Avispa
Laundry Location: Inside, Laundry Room
Street# Ext.: 5311
Street#: 5311
Street Suffix: WAY
#Dining: 1
#Living: 2
#Other Level Beds: 0
Property Match: APN
$/SF: 270.93
Tax Filled SF Total: 2580
Video Tour Link (Unbranded): https://dl.dropboxusercontent.com/scl/fi/7wrpiut5152dumz4an0m8/5311-Avispa-Way-Austin-TX_No-Address_v3.mp4?rlkey=bx13px6edwcdaitcfcvd07ktk&raw=1
Accessibility Features: None
Full Baths: 2
Half Baths: 0
Total Baths: 2
Community Features: None
Construction Materials: Vertical Siding, Stone Veneer
Cooling: Ceiling Fan(s), Central Air
Covered Spaces: 0
Faces: North
Directions: From Austin take E 6th St, State Hwy 1 Loop S/TX-1 Loop S, Southwest Pkwy and State Hwy 71 E to Cueva Dr in Bee Cave. Continue on Cueva Dr. Drive to Avispa Way.
Elem School: Bee Cave
Elem School District: Lake Travis ISD
Fencing: Wire
#Fireplaces: 0
Flooring: Carpet, Tile
Foundation Details: Slab
Garage Spaces: 0
Heating: Central, Propane
High School: Lake Travis
High School District: Lake Travis ISD
Levels: One
Listing ID: 8723748
Listing Terms: Cash, Conventional, FHA, VA Loan
SF Source: Public Records
Lot Features: Corner Lot, Level, Native Plants, Near Golf Course, Open Lot, Split Possible, Trees-Heavy, Trees-Large (Over 40 Ft)
MLS Area Major: LS
Main Level Beds: 3
Middle School: Bee Cave Middle School
Middle School District: Lake Travis ISD
Status: Active
Other Structures: Storage, Workshop
Parcel#: 01187703370000
Patio And Porch Features: Deck
Pool Features: In Ground
Possession: Close Of Escrow, Funding
Property Condition: Resale
Roof: Composition
Sewer: Septic Tank
Special Listing Conditions: Standard
Tax Annual($): 7044.6
Utilities: Electricity Connected, Propane, Water Connected
View: Trees/Woods
Water Source: Public
Waterfront Features: None
Window Features: None
Year Built: 1983
$ 4,786.90
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
$ 3,534.52
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Info is deemed accurate but not guaranteed. Published info is subject to change. Buyers should conduct their own due diligence and research.

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