5311 Avispa WayAustin, TX 78738

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.

Property Information

Property type

Residential

Sub-type

Single Family Residence

Year built

1983

Living area

2,580 Sq Ft

Lot size

2.75 acres

Parking spaces

4

Ownership

Fee-Simple

Days on market

76

MLS^® Listing#

8723748

Property Features

Interior

Ceiling Fan(s) · Laminate Counters · Tile Counters · Eat-in Kitchen · Soaking Tub · Walk-In Closet(s)

Exterior

None

Appliances

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

Cooling

Ceiling Fan(s) · Central Air

Heating

Central · Propane

Flooring

Carpet · Tile

Pool

In Ground · Private

Parking

Carport · Driveway

Laundry

Laundry Room · Inside

Patio

Deck

Fencing

Wire

Lot features

On Golf Course · Corner Lot · Level · Native Plants · Near Golf Course · Open Lot · Split Possible

Construction

Vertical Siding · Stone Veneer

Foundation

Slab

Roof

Composition

Other structures

Storage · Workshop

Community

None

Utilities

Electricity Connected · Propane · Water Connected

Sewer

Septic Tank

Water source

Public

Schools

Elementary

Bee Cave

Middle

Bee Cave Middle School

High

Lake Travis

Financial Details

HOA

None

Annual taxes

$7,045Tax year 2026

Assessed value

$389,556

Parcel number

01187703370000

Directions

From Austin take E 6th St, State Hwy 1 Loop S/TX-1 Loop S, Southwest Pkwy and State Hwy 71 E to Cueva Dr in Bee Cave. Continue on Cueva Dr. Drive to Avispa Way.