5311 Avispa WAY, Austin TX 78738

Austin, TX 78738 | Bee Caves West

$799,000 $310/sqft
3 Beds
2 Baths 2 Full
2,580 Sq Ft
2.75 Acres
1983 Built

About This Property

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 Highlights

Pool In Ground

Features

  • Ceiling Fan(s)
  • Laminate Counters
  • Tile Counters
  • Electric Dryer Hookup
  • Eat-in Kitchen
  • Multiple Living Areas
  • No Interior Steps
  • Soaking Tub
  • Walk-In Closet(s)
  • Washer Hookup

Location

Schools

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

Property Details

Property Type Residential
Flooring Carpet, Tile
Cooling Ceiling Fan(s), Central Air
Heating Central, Propane
Exterior None
County Travis
MLS # 8723748

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Tax Information

Annual Taxes (MLS) $7,045 (2026)

Listing History

MLS# 8723748 - Updated Jul 25, 2026 2 days
Jul 20, 2026 Listed Listing Courtesy of Keller Williams Realty - jrmteam@​ascensionaustin.com $799,000

Frequently Asked Questions About 5311 Avispa WAY, Austin TX 78738

When was 5311 Avispa WAY, Austin TX 78738 built?

5311 Avispa WAY, Austin TX 78738 was built in 1983.

How much does 5311 Avispa WAY, Austin TX 78738 cost?

5311 Avispa WAY, Austin TX 78738 is listed for sale at $799,000. That is $310 per square foot.

How many bedrooms and bathrooms does 5311 Avispa WAY, Austin TX 78738 have?

5311 Avispa WAY, Austin TX 78738 has 3 bedrooms and 2 bathrooms (2 full) with 2,580 square feet of living space.

What school district is 5311 Avispa WAY, Austin TX 78738 in?

5311 Avispa WAY, Austin TX 78738 is in the Lake Travis ISD school district. Assigned schools include Bee Cave (elementary), Bee Cave Middle School (middle), Lake Travis (high school).

What are the property taxes on 5311 Avispa WAY, Austin TX 78738?

The annual property taxes on 5311 Avispa WAY, Austin TX 78738 are $7,045 (as of 2026).

How big is the lot at 5311 Avispa WAY, Austin TX 78738?

The lot at 5311 Avispa WAY, Austin TX 78738 is 2.75 acres, and the home has 2,580 square feet of living space.

What type of property is 5311 Avispa WAY, Austin TX 78738?

5311 Avispa WAY, Austin TX 78738 is a residential property.

Does 5311 Avispa WAY, Austin TX 78738 have a pool?

Yes, 5311 Avispa WAY, Austin TX 78738 has a pool. Pool features include in ground.

What subdivision is 5311 Avispa WAY, Austin TX 78738 in?

5311 Avispa WAY, Austin TX 78738 is located in the Bee Caves West subdivision in Austin, TX.

How long was 5311 Avispa WAY, Austin TX 78738 on the market?

5311 Avispa WAY, Austin TX 78738 was on the market for 2 days, listed on July 20, 2026.

What heating and cooling does 5311 Avispa WAY, Austin TX 78738 have?

5311 Avispa WAY, Austin TX 78738 has central, propane heating and ceiling fan(s), central air cooling.

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