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5311 Avispa Way

Austin, TX, 78738

Active

$699,000

Asking sale price

Listed by Keller Williams Realty · John Martin

Listing attribution contact: (512) 576-4488

MLS #8723748 · Active

Listings courtesy of Unlock MLS as distributed by MLS GRID.

Data obtained . Listing modified .

Photos are not available.

Check with the listing team for current property images.

0 listing photos in this listing update.

3Bedrooms

2Bathrooms

1983Year built

Single Family ResidenceProperty type

THE HOME, IN THE LISTING AGENT’S WORDS

A closer look.

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.

Read the full description

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.

THE DETAILS THAT SHAPE YOUR DAY

Reported property facts

Property type
Residential
Property subtype
Single Family Residence
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Half bathrooms
0
Living area
2,580 (units not reported)
Lot acres
2.75
Year built
1983
Parking spaces
4
Garage spaces
0

Schools reported in the listing

  • High schoolLake Travis
  • Middle schoolBee Cave Middle School
  • DistrictLake Travis ISD
  • ElementaryBee Cave

Verify assignment with the relevant district for the exact address, program and school year. These source-reported names are not ratings or an enrollment guarantee.

Features & finishes

lot

Corner Lot · Level · Native Plants · Near Golf Course · Open Lot · Split Possible · Trees-Heavy · Trees-Large (Over 40 Ft)

pool

In Ground

roof

Composition

view

Trees/Woods

patio

Deck

sewer

Septic Tank

levels

One

cooling

Ceiling Fan(s) · Central Air

fencing

Wire

heating

Central · Propane

parking

Carport · Driveway

exterior

None

flooring

Carpet · Tile

interior

Ceiling Fan(s) · Laminate Counters · Tile Counters · Eat-in Kitchen · Multiple Living Areas · No Interior Steps · Soaking Tub · Walk-In Closet(s)

community

None

utilities

Electricity Connected · Propane · Water Connected

appliances

Dishwasher · Gas Cooktop · Gas Range · Microwave · Oven · Free-Standing Refrigerator

waterfront

None

water Source

Public

construction

Vertical Siding · Stone Veneer

accessibility

None

LOOK BELOW THE LISTING

A place has layers.
Start with the evidence.

Check mapped flood zones and regional geology, then turn the findings into better questions before you buy. Each source describes a different part of the picture.

5311 Avispa Way

Uses the listing’s reported coordinates, which may be approximate.

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TAKE THE NEXT STEP

See how this home fits your life.

Ask about current availability, arrange a showing, or talk through the details with our local team.

Ask about this home ↗Request a comparative market analysis ↗Call (512) 710-0337 ↗

Listing source and permitted use

Presented by Austin Local Team · All City Real Estate, ltd. Co. · (512) 710-0337

Listings courtesy of Unlock MLS as distributed by MLS GRID.

Some IDX listings have been excluded from this website. This search includes eligible Active, Active Under Contract and Pending listings. Availability can change; confirm current status with the listing agent.

IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MLS GRID. Use may be subject to an end user license agreement prescribed by the applicable MLS. Any use or search other than by a consumer looking to purchase real estate is prohibited.

Based on information submitted to the MLS GRID as of Sep 14, 2026, 11:55 PM Central. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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