5311 Avispa WAY Austin TX 78738 MLS #8723748

MLS #8723748 image #0
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.
Current real estate data for Single Family in Austin as of Jul 30, 2026
4,021
Single Family Listed
89
Avg DOM
373
Avg $ / SqFt
$972,770
Avg List Price
Listing Provided Courtesy of Keller Williams Realty

Property Details

Price:
$799,000
MLS #:
8723748
Status:
Active
Beds:
3
Baths:
2
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
Bee Caves West
Listed Date:
Jul 20, 2026
Finished Sq Ft:
2,580
Lot Size:
119,790 sqft / 2.75 acres (approx)
Year Built:
1983
PoolBee Caves WestLake Travis IsdBee CaveBee Cave Middle SchoolLake TravisTrees/woods

Schools

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

Interior

Appliances
Dishwasher, Gas Cooktop, Gas Range, Microwave, Oven, Free-Standing Refrigerator
Bathrooms
2 Full Bathrooms
Cooling
Ceiling Fan(s), Central Air
Flooring
Carpet, Tile
Heating
Central, Propane
Interior 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
Levels
One
Main Level Bedrooms
3

Exterior

Accessibility Features
None
Community Features
None
Direction Faces
North
Exterior Features
None
Fencing
Wire
Lot Features
Corner Lot, Level, Native Plants, Near Golf Course, Open Lot, Split Possible, Trees-Heavy, Trees-Large (Over 40 Ft)
Other Structures
Storage, Workshop
Parking Features
Carport, Driveway
Patio And Porch Features
Deck
Roof
Composition
View
Trees/Woods
Waterfront Features
None
Window Features
None

Financial

Taxes
$7,045

Map

Contact Us

Send
  

Mortgage Calculator

 

Community

Subdivisions in Austin

Property Summary

    Located in the Bee Caves West subdivision, 5311 Avispa WAY Austin TX is a Single Family for sale in Austin, TX, 78738. It is listed for $799,000 and features 3 beds, 2 baths, and has approximately 2,580 square feet of living space, and was originally constructed in 1983. The current price per square foot is $310. The average price per square foot for Single Family listings in Austin is $373. The average listing price for Single Family in Austin is $972,770. To schedule a showing of MLS#8723748 at 5311 Avispa WAY in Austin, TX, contact your Compass RE Texas, LLC agent at 5126982822.

Similar Listings Nearby

broker reciprocity
MLS# 4996569broker reciprocity
18800 Hopper LN
Austin, TX

$1,010,000

3.6 miles away

5311 Avispa WAY
Austin, TX