5311 Avispa WAY, Austin TX 78738

Austin, TX 78738 | Bee Caves West

$699,000 $271/sqft ▼ $100,000 (12.5%)
3 Beds
2 Baths 2 Full
2,580 Sq Ft
2.75 Acres
1983 Built

About This Property

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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
View Trees/Woods

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
Construction Vertical Siding, Stone Veneer
Roof Composition
Foundation Slab
Levels One
Flooring Carpet, Tile
Cooling Ceiling Fan(s), Central Air
Heating Central, Propane
Exterior None
County Travis
MLS # 8723748
Parking 4 spaces: Carport, Driveway

Lot, Outdoor & Utilities

Lot Features Corner Lot, Level, Native Plants, Near Golf Course, Open Lot, Split Possible, Trees-Heavy, Trees-Large (Over 40 Ft)
Patio & Porch Deck
Fencing Wire
Other Structures Storage, Workshop
Water Public
Sewer Septic Tank
Utilities Electricity Connected, Propane, Water Connected

HOA & Community

Community Features None

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Property Taxes $0
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* Estimate only. Does not include HOA fees, PMI, or other costs.

Tax Information

Annual Taxes (MLS) $7,045 (2026)
Assessed Value $389,556
Exemptions Homestead

Sale Terms & Disclosures

Financing Accepted Cash, Conventional, FHA, VA Loan
Sale Type Standard
Possession Close Of Escrow, Funding

Listing History

MLS# 8723748 - Updated Oct 9, 2026 46 days
Aug 28, 2026 Price Change $699,000
Aug 14, 2026 Pending
Aug 12, 2026 Off Market
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. It is vertical siding, stone veneer construction with 2,580 square feet on a 2.75 acre lot.

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

5311 Avispa WAY, Austin TX 78738 is listed for sale at $699,000. That is $271 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). The tax assessed value is $389,556.

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 on a slab foundation.

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

5311 Avispa WAY, Austin TX 78738 has parking. Parking features include carport, driveway.

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. Community features include none.

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

5311 Avispa WAY, Austin TX 78738 was on the market for 46 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.

What are the roof and foundation at 5311 Avispa WAY, Austin TX 78738?

The listing reports a composition roof and a slab foundation at 5311 Avispa WAY, Austin TX 78738.

What financing does the seller of 5311 Avispa WAY, Austin TX 78738 accept?

The listing says the seller accepts cash, conventional, fha, va loan financing.

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