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Active
    • Price cut: $100K (8/28)
    $699,000

    5311 Avispa Way, Austin, TX 78738

    3beds
    2,580sqft
    : 
    $4,916/mo
    Get pre-qualified
    Single Family Residence
    Built in 1983
    2.75 Acres Lot
    $-- Zestimate®
    $271/sqft
    $-- HOA

    What's special

    Single-story residenceDual access points
    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.
    41 days
    864
    28

    Zillow last checked:

    Listing updated:

    Listed by:

    John Martin (512) 576-4488,

    Keller Williams Realty (512) 448-4111

    Source: Unlock MLS,MLS#: 8723748MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 2
      • Full bathrooms: 2
      • Main level bedrooms: 3
      Heating
      • Central, Propane
      Cooling
      • Ceiling Fan(s), Central Air
      Appliances
      • Included: Dishwasher, Gas Cooktop, Gas Range, Microwave, Oven, Free-Standing Refrigerator
      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
      • Flooring: Carpet, Tile
      • Windows: None
      Interior area
      • Total interior livable area: 2,580 sqft
      Video & virtual tour

      Property

      Parking
      • Parking features: Carport, Driveway
      Accessibility
      • Accessibility features: None
      Features
      • Levels: One
      • Stories: 1
      • Patio & porch: Deck
      • Exterior features: None
      • Has private pool: Yes
      • Pool features: In Ground
      • Fencing: Wire
      • Has view: Yes
      • View description: Trees/Woods
      • Waterfront features: None
      Lot
      • Size: 2.75 Acres
      • Features: Corner Lot, Level, Native Plants, Near Golf Course, Open Lot, Split Possible, Trees-Heavy, Trees-Large (Over 40 Ft)
      Details
      • Additional structures: Storage, Workshop
      • Parcel number: 01187703370000
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family Residence
      Materials
      • Foundation: Slab
      • Roof: Composition
      Condition
      • Resale
      • New construction: No
      • Year built: 1983

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Electricity Connected, Propane, Water Connected

      Community & HOA

      Community
      • Features: None
      • Subdivision: Bee Caves West
      HOA
      • Has HOA: No
      Location
      • Region: Austin

      Financial & listing details

      • Price per square foot: $271/sqft
      • Tax assessed value: $1,055,935
      • Annual tax amount: $7,044
      • Date on market: 7/20/2026
      • Listing terms: Cash,Conventional,FHA,VA Loan
      • Electric utility on property: Yes

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        8/28/2026Price change$699,000-12.5%$271/sqft
        Source: Unlock MLS #8723748 Report a problem
        8/19/2026Listed for sale$799,000$310/sqft
        Source: Unlock MLS #8723748 Report a problem
        8/14/2026Contingent$799,000$310/sqft
        Source: Unlock MLS #8723748 Report a problem
        7/20/2026Listed for sale$799,000$310/sqft
        Source: Unlock MLS #8723748 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$1,184 -37%$389,556 +10%
        2024$1,880 +8%$354,142 +10%
        2023$1,741 -42.7%$321,947 +10%
        2022$3,037 $292,679 +10%
        2021-- $266,072 +10%
        2020$2,890 -0.4%$241,884
        2019$2,901 -7.1%$241,884 -1.2%
        2018$3,122 $244,800 -0.9%
        2017$3,122 -29.1%$247,002
        2016$4,404 $247,002 -8.6%
        2015$4,404 $270,197
        2014$4,404 $270,197 -12.4%
        2013-- $308,472
        2012-- $308,472
        2011-- $308,472 -1.4%
        2010-- $312,974
        2009-- $312,974
        2008-- $312,974 +4.8%
        2007-- $298,666
        2006-- $298,666 +6.6%
        2005-- $280,170 +18.7%
        2002$4,636 $235,950
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.
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        Climate risks

        Neighborhood: 78738

        Getting around

        4 / 100
        Car-Dependent
        0 / 100
        No Nearby Transit
        15 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Bee Cave
        • Middle: Bee Cave Middle School
        • High: Lake Travis
        • District: Lake Travis ISD

        Source: Unlock MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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