Austin, TX 78738
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.
| MLS ID | 8723748 | |
| Status | Active Under Contract | |
| Days Active | 29 | |
| Est. Tax | 7044.6 | |
| Lot Size | 2.75 | |
| Year Built | 1983 | |
| Total Bedrooms | 3 | |
| 1st Floor Bedrooms | 3 | |
| Full Baths | 2 | |
| Half Baths | 0 | |
| Square Feet | 2580 | |
| Price Per SqFt | $309.69 | |
| Garage Spaces | 0 | |
| Fireplace(s) | 0 | |
| Fireplace Info | ||
| Flooring | Carpet, Tile | |
| Stories | One | |
| Pool | Yes | |
| Courtesy of | Keller Williams Realty (512) 576-4488 | |
| Subdivision | Bee Caves West | |
| City | Austin | |
| County | Travis | |
| HOA | ||
| HOA Fee | $ / | |
| Water Front | No | |
| Roof | CompositionComposition | |
| Construction | ||
| Foundation | Slab | |
| Fencing | Wire | |
| Elementary School | Bee Cave | |
| Elementary District | Lake Travis ISD | |
| Middle School | Bee Cave Middle School | |
| Middle District | Lake Travis ISD | |
| High School | Lake Travis | |
| High District | Lake Travis ISD | |
| Appliances | Dishwasher, Gas Cooktop, Gas Range, Microwave, Oven, Free-Standing RefrigeratorDishwasher, Gas Cooktop, Gas Range, Microwave, Oven, Free-Standing Refrigerator | |
| Heating | Central, Propane | |
| Cooling | Ceiling Fan(s), Central Air | |
| Exterior Features | None | |
| Lot Features | Corner Lot, Level, Native Plants, Near Golf Course, Open Lot, Split Possible, Trees-Heavy, Trees-Large (Over 40 Ft) | |
| Community Features | None | |
| Patio Features | Deck | |
| Structures | Storage, Workshop | |
| 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 | |
| Fencing Features | Wire | |
| Parking Features | Carport, Driveway | |
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