5311 Avispa WAY, Austin, TX 78738

• 3 beds |
• 2 baths |
• 2,580 sqft

Property 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.

Listing Status:

Active

Data Last Updated:

July 29, 2026 at 3:20AM

Listing Office:

Keller Williams Realty : (512) 448-4111

Listing Agent:

John Martin : (512) 576-4488

MLS ID:

8723748

Interior

• General: Ceiling Fan(s)Laminate CountersTile CountersEat-in KitchenMultiple Living AreasNo Interior StepsSoaking TubWalk-In Closet(s)
• Appliances: DishwasherGas CooktopGas RangeMicrowaveOvenFree-Standing Refrigerator
• Laundry: InsideLaundry Room
• Flooring: CarpetTile
• A/C: Ceiling Fan(s)Central Air
• Heating: CentralPropane
• Fireplace: Fireplaces: 0
• Eco/Green Feature: NoneNone

Exterior

• General: None
• Other Structures: StorageWorkshopDeck
• Pool: In Ground
• Parking: CarportDrivewayParking spaces: 4

Construction

• Roofing: Composition
• Windows: None
• General: OneSlab

Location

• HOA Amenities: None
• Originating MLS: actris
• School District: Lake Travis ISD
• County: Travis

Lot

• Zoning: LOT 21 BEE CAVES WEST (HOMESTEAD)01187703370000
• View: Trees/Woods
• Fencing: Wire

Utilities

• Utilities: Electricity ConnectedPropaneWater Connected
• Water: Public
• Sewer: Public Sewer

Financial

• Source: actris