5311 Avispa WAY, Austin TX 78738
MLS #245023934 · Keller Williams Realty · John Martin
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.
Property details
- Property type
- Residential · SingleFamilyResidence
- Status
- Active
- Year built
- 1983
- Full baths
- 2
- Lot size
- 2.75
- Subdivision
- Bee Caves West
- MLS area
- LS
- MLS #
- 245023934
Features
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
Exterior features
- None
Additional details
- Parking
- Carport, Driveway
- Garage spaces
- 0
- Roof
- Composition
- Foundation
- Slab
- Annual tax
- $7,044
Location
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Schools
Assigned schools per the MLS.
- School district
- Lake Travis ISD
- Elementary
- Bee Cave
- Middle
- Bee Cave Middle School
- High
- Lake Travis
Comparable homes near 5311 Avispa WAY
Similar homes currently for sale nearby, ranked by distance.
Getting around
- Downtown Austin
- 14.6 mi
- Austin-Bergstrom Airport
- 20.4 mi
Straight-line distance, not drive time.
Market insights
Compared with 440 active homes in ZIP 78738 · HomeLocating listings
At $699,000, this home is priced 30% below the $995,000 median across 440 active homes in ZIP 78738.
Estimated monthly payment
Home price
$699,000
Down payment
20% ($139,800)
Loan details
30-yr fixed, 6.50%
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Estimate only, not a lending offer or MLS data. Taxes, insurance, and HOA figures are estimated (see ⓘ above for detail); contact a lender to confirm your exact rate and payment.
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Listing courtesy of Keller Williams Realty · John Martin
Listing data last updated Oct 2, 2026, 11:46 PM
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