$699,000

5311 Avispa Way, Austin, TX 78738

3 beds2 baths 2,580 sqft Built 1983New today

Why Koti picked this home

Explore 2.75 acres at 5311 Avispa Way, featuring multiple living areas and a soaking tub, ideal for spacious living.

About this home

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.

Features

Ceiling Fan(s)

Laminate Counters

Tile Counters

Eat-in Kitchen

Multiple Living Areas

No Interior Steps

Soaking Tub

Walk-In Closet(s)

None

MLS & IDX compliance

IDX data provided by Unlock MLS, distributed via MLS GRID.

Listing courtesy of John Martin, Keller Williams Realty.

IDX information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This data is deemed reliable but is not guaranteed by MLS GRID. Based on information submitted to the MLS GRID as of Sep 11, 2026, 5:22 PM UTC. 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.

Equal Housing Opportunity