5311 Avispa WAY

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Source: Unlock MLS

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS) from 21 Jul 2026, 08:45 AM UTC. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein "AS IS" and without any warranty, express or implied. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market. All information provided is deemed reliable but is not guaranteed and should be independently verified.

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ACT617787

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 Information

Property Details

Location

Address

5311 Avispa WAY

County

Travis

City

Austin

Zip Code

78738

Subdivision

Bee Caves West

School District

Lake Travis ISD

High School

Lake Travis

Elementary School

Bee Cave

MLS Area

Interior Features

Beds and Baths

Bedrooms

Main Level Bedrooms

Full Bathrooms

Building

Building Information

Square Feet

2,580

Year Built

1983

Construction

Vertical Siding, Stone Veneer

Foundation

Slab

Roof

Composition

Condition

Resale

Financial

Special Conditions

Standard

Property Taxes

Tax Annual Amount

$7,045

Tax Year

2026

5311 Avispa WAY, Austin, TX 78738

Market Report for 78738