5311 Avispa Way, Austin, TX 78738
Property image
Property image
FOR SALE
3D VIEW
2.75 ACRES

$699,000

Original price: $799,000
  • 3 Beds
  • 2 Baths
  • 2,580 sqft (on 2.75 acres)

5311 Avispa Way, Austin, TX 78738

Est. Mortgage $4,507/mo*
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Home Highlights

Property Type
Single-Family Home
Year Built
1983
Lot Size
2.75 acres
Price/Sqft
$271

Local Information

  • Map ViewExplore the area around 5311 Avispa Way.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

About this House

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.
Last check for updates: about 4 hours ago
Listing courtesy of John Martin, (512) 576-4488
Keller Williams Realty, (512) 448-4111
Source: Unlock MLS, MLS#8723748
Also Listed on Unlock MLS.

Home Details for 5311 Avispa Way

Active Status

MLS Status: Active

Interior Features

Beds & Baths
Number of Bedrooms: 3Main Level Bedrooms: 3Number of Bathrooms: 2Number of Bathrooms (full): 2
Dimensions and Layout
Living Area: 2580 Square Feet
Appliances & Utilities
Utilities: Electricity Connected, Propane, Water ConnectedAppliances: Dishwasher, Gas Cooktop, Gas Range, Microwave, Oven, Free-Standing RefrigeratorDishwasherMicrowave
Heating & Cooling
Heating: Central, PropaneHas CoolingAir Conditioning: Ceiling Fan(s), Central AirHas HeatingHeating Fuel: Central
Gas & Electric
Has Electric on Property
Windows, Doors, Floors & Walls
Window: NoneFlooring: Carpet, Tile
Levels, Entrance, & Accessibility
Stories: 1Levels: OneAccessibility: NoneFloors: Carpet, Tile
View
Has a ViewView: Trees/Woods

Exterior Features

Exterior Home Features
Roof: CompositionPatio / Porch: DeckFencing: WireOther Structures: Storage, WorkshopExterior: NoneFoundation: SlabHas a Private Pool
Parking & Garage
No GarageNo Attached GarageParking: Carport, Driveway
Pool
Pool: In GroundPool
Frontage
Waterfront: NoneNot on Waterfront
Water & Sewer
Sewer: Public Sewer
Farm & Range
Not Allowed to Raise Horses

Days on Market

Days on Market: 43

Property Information

Year Built
Year Built: 1983
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family Residence
Building
Not a New Construction
Property Information
Condition: ResaleParcel Number: 01187703370000

Price & Status

Price
List Price: $699,000Price Per Sqft: $271
Status Change & Dates
Possession Timing: Close Of Escrow, Funding

Media

Location

Direction & Address
City: AustinCommunity: Bee Caves West
School Information
Elementary School: Bee CaveElementary School District: Lake Travis ISDJr High / Middle School: Bee Cave Middle SchoolJr High / Middle School District: Lake Travis ISDHigh School: Lake TravisHigh School District: Lake Travis ISD

Agent Information

Listing Agent
Listing ID: 8723748

Community

Community Features: None

HOA

No HOA

Lot Information

Lot Area: 2.75 Acres

Listing Info

Special Conditions: Standard

Offer

Listing Terms: Cash, Conventional, FHA, VA Loan

Miscellaneous

Mls Number: 8723748Attribution Contact: (512) 576-4488

Additional Information

None

Around this home

View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

What Locals Say about Austin

At least 6454 Trulia users voted on each feature.

  • 91 % Say it's dog friendly

  • 82 % Say car is needed

  • 77 % Say parking is easy

  • 75 % Say there are sidewalks

  • 68 % Say yards are well-kept

  • 67 % Say there's holiday spirit

  • 65 % Say people would walk alone at night

  • 64 % Say it's quiet

  • 58 % Say kids play outside

  • 52 % Say streets are well-lit

  • 51 % Say it's walkable to restaurants

  • 51 % Say neighbors are friendly

  • 50 % Say there's wildlife

  • 49 % Say they plan to stay for at least 5 years

  • 44 % Say it's walkable to grocery stores

  • 34 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Trulia User
    "This is a very dog friendly neighborhood. We also have a dog park. "
    0
    Flag
  • Trulia User
    "Lived in area 12 years it used to be “the hood” still has some of that here but not like before mostly safe but ladies stop jogging break of dawn or walking alone at night. Been more than 3 murders in the past 4 years within 5 min of this property and the crime type still has a presence here but that is what happens if you gentrify a area fast it takes time to change a whole area "
    1
    Flag
  • Ajaysubudhi
    "Great community , easy access to main roads and markets. Greenery and safe environment . Though it’s my first time in Austin but I like this place too much."
    0
    Flag
  • Izzy
    "Good but not great but just because of all the construction delays."
    0
    Flag
  • Tom Barnett
    "Our park on the lake is great for many big events during the year such as July 4th or Easter. "
    0
    Flag
  • EM
    "love this area! People are kind, dogs are all well behaved and mostly quiet, good walking spots! feels safe even in the evening"
    0
    Flag
  • Nick Sicam
    "Plenty of sidewalks for dog walking and wide neighborhood streets . Plenty of parks as well"
    0
    Flag
  • B.sells
    "We absolutely love living in this neighborhood! Everyone here is incredibly friendly and welcoming. People take great pride in their homes and lawns, which makes the entire area feel beautiful and well cared for. It’s also very dog-friendly, and the walking trails surrounding the neighborhood are perfect for daily walks and getting outside. Our neighbors are polite, respectful, and the community is generally very quiet and peaceful. It’s been such a wonderful place to call home!"
    0
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  • Adriana
    "A solid, unpretentious neighborhood where people genuinely look out for each other. It feels safe enough that early morning solo runs before sunrise are no big deal, and you’ll often cross paths with neighbors walking their dogs. Kids play outside, which says a lot about a place. It’s quiet and green, with mature trees that give it a settled, established feel. For all that calm, you’re still just minutes from downtown Austin and the shops and restaurants at Mueller. Commuters will appreciate the easy access to major freeways — it’s one of those rare spots where you get peaceful streets without sacrificing convenience. I’ve lived here for 9 years."
    0
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  • Trulia User
    "Neighbors actually look out for each other - the kind of place where someone sets out seeds and dried plants for anyone who wants them. Kids play outside, and people say hello when they pass. It’s a good spot to call home."
    0
    Flag
  • Trulia User
    "Convenient and easy to commute to and from, close to downtown and the lake. Easy shopping and some restaurants close."
    1
    Flag
  • Niyiriss
    "I have lived in this neighborhood for over 3 years and I love it here. We are a family of 5 and I have kids, all my family loves it here."
    0
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  • Diana Figueroa
    "Lots of families and dog walkers. Close to lots of shopping centers and grocery stores. Good schools nearby. Houses are a little pricey."
    0
    Flag
  • Ashlynncoffee
    "We have such friendly & caring neighbors! People with children who love to garden & care for animals. Always saying hello and asking if we need anything. It’s a great place to live!"
    0
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  • Anne Marie Ioliver
    "It is very quiet in Pflugerville. It is very peaceful here. I enjoy walking in the parks and by Lake Pflugerville."
    0
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  • Klsbean
    "My son and family have lived in Brentwood for over 10 years. This neighborhood is fabulous, a real sense of community. My grandsons go to the elementary school and they love it. "
    0
    Flag
  • Katherine Tarr
    "Wonderview Preschool is an excellent preschool. This neighborhood is filled with families, walking there, dogs, and pushing strollers. It’s just a fun place to be."
    1
    Flag
  • Sharptopbear
    "Waste stations provided and serviced by HOA. Low traffic area with sidewalks. Friendly neighbors……."
    0
    Flag
  • JLMB
    "A close to key conveniences- grocery, pharmacy , clothes shopping , library. etc. Good walking but no dry cleaner, bank etc. Quality Public transportation is lacking . This is not a real traditional large city . It is a sunbelt city grafted in to an older smaller community ."
    0
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  • Rhemnaq
    "The neighborhood kids seem to love it I saw a few of them playing on the block safely and the other parents seem to be very attentive "
    0
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  • Jake Finsta
    "There is a high school next door and the neighborhood is always very lively. Not a ton of specific events that are thrown, but great city "
    0
    Flag
  • Daniel.becka
    "Lots of dogs in the neighborhood, walking and running. Lots of green space for them to explore. Very pet friendly. "
    1
    Flag
  • Chad Yokum
    "This neighborhood is not near public transportation. During peak hours, 7:30am-9am and 3:45-6:30 it can take 45-50 minutes to get downtown. It’s just 20 minutes when traffic is flowing. "
    1
    Flag
  • Crystal Sheffield
    "I live in this area commute to work, no problems and privacy. Apartment is very attentive to service calls. "
    0
    Flag
  • Karina Mendoza
    "Super close to the freeway and honestly tucked away so hardly any traffic ever and I love it and would definitely recommend the area. The only downside is is sometimes the homeless population gets a little out of control and can be quite aggressive. They also dumpster dive very frequently, but for the most part, they are really nice and respectful."
    1
    Flag
  • Crystal Sheffield
    "Not a bad neighborhood, there are kids for couples with children. I haven’t had any packages stolen. Or maintenance problems."
    0
    Flag
  • Shery Abbassi
    "Aggressive dogs not on leash and owners making you feel like it’s your fault an your dogs issue and they are entitled "
    0
    Flag
  • Unspecified
    "It’s family friendly and plenty of things to do for all ages. Many restaurants to choose from and lots of choices for retail shopping and grocery shopping. "
    0
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  • Vivian Balderas
    "Food truck really close walkable distance to anything and everything. Friendly neighborhood. I’ve met half the people on my block. A lot of people walk their dogs. It’s a family friendly neighborhood. I see the neighbors walking with their children and their families are comfortable visiting them here in this neighborhood. I feel safe in this neighborhood. It’s a quiet neighborhood. There’s the capital Metro rail and it’s not loud. It’s Neighbourhood friendly. I recently had a tree farm in my yard and someone visiting a neighbor on my block, called the police department for me and notified me right away during the storm."
    0
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  • Colleen Kerstein
    "Highpointe of Dripping Springs is a great family development.There are schools and shopping nearby. "
    0
    Flag
  • Raychen2
    "A lot of churches within walking distance. And a very safe community with primary school within walking distance. It has a community park within walking distance, a very friendly neighborhood."
    0
    Flag
  • Chadyokum
    "Nice, has all shopping, nice homes, trees, everything you need. Great schools too. Tons of families and kids run free in our hood. "
    0
    Flag
  • Katy Glazebrook
    "Good during off season of school. Not great once school in session as there is really only one way in and out to here."
    0
    Flag
  • Jenniemgloyd
    "Tons of ppl walking dogs. Very dog friendly. Lots of poop stations. People and dogs friendly. Clean parks. "
    0
    Flag
  • Carol Higgins
    "Pet friendly, quiet and clean Safe area and well lit, stable neighborhood Walking is easy and close to a park "
    0
    Flag
  • Angela D. Jenkins-bey
    "Parks close by. Futsal court at high school. Bike to mueller. Close to everything. Bus access is good. "
    0
    Flag
  • Rdvnv4mn5n
    "Community events in many different areas around Lake Travis such as art and craft fairs, farmers markets, concerts, etc"
    0
    Flag
  • Manoj.vastrad
    "Quiet and tree lined. Not crowded but easy access to amenities. Close to shopping, restaurants, grocery, movie theatre. "
    0
    Flag
  • Khonnick
    "This is a dog loving neighborhood. Most of my neighbors have dogs. People seem to take good care of their pets and clean up after them properly. "
    0
    Flag
  • Heather N.
    "Galindo is very community oriented. We often have block parties and neighborhood get togethers. The neighborhood association is very active as well."
    0
    Flag

Market trends in Austin

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$586K
$14.3KMoM
Sale-to-List Price
97.9%
Price per sq ft
$306
$4MoM
Available listings
5514
156MoM

Home Value

Trulia Estimate
$683K
Since last month
Decreased$140K (-17%)
Since last year
Decreased$356K (-34.2%)
Learn more about this home's value by checking out its Trulia Estimate and the value of nearby homes.

Trulia Estimate

The of this home's value increased by +35% in the last 10 years
MonthEstimated value
2026
September 2026$683K
August 2026$666K
July 2026$823K
June 2026$1.13M
May 2026$1.09M
April 2026$1.08M
March 2026$1.1M
February 2026$1.05M
January 2026$1M
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
Lot 2 Hamilton Pool Rd, Austin, TX 78738
0.11
$375,000
-
-
-
For Sale
5203 Cueva Dr, Bee Cave, TX 78738
0.08
$999,000
5
3.5
2,944
For Sale
5301 Ponte Tresa Dr, Austin, TX 78738
0.36
$572,000
3
2.5
2,841
For Sale
5330 Preserve Way, Austin, TX 78735
0.48
$1,199,999
-
-
-
For Sale
5408 Preserve Way, Austin, TX 78735
0.54
$1,599,999
-
-
-
For Sale
17205 Morning Grove Ln, Austin, TX 78738
0.52
$2,415,000
4
4.5
4,422
For Sale
15408 La Catania Way, Bee Cave, TX 78738
0.48
$749,900
4
3.5
2,892
For Sale
Spring Preserve Trl, Bee Cave, TX 78738
0.56
$1,774,000
-
-
-
For Sale
15705 Colinas Cv, Bee Cave, TX 78738
0.54
$1,595,000
4
3.5
4,056
For Sale
5304 Via Besso Dr, Bee Cave, TX 78738
0.57
$899,990
4
4.5
4,091
For Sale
15716 De Fortuna Dr, Bee Cave, TX 78738
0.64
$885,000
4
4
3,979
For Sale

Price and Tax history

DateEventPrice
Aug 28, 2026
Source: Unlock MLS #8723748
PriceChange
$699,000
Price decreased by 13%
Aug 19, 2026
Source: Unlock MLS #8723748
PendingToActive
$799,000
Aug 14, 2026
Source: Unlock MLS #8723748
Contingent
$799,000
Jul 20, 2026
Source: Unlock MLS #8723748
Listed For Sale
$799,000

LGBTQ Local Legal Protections

John Martin, Keller Williams Realty, (512) 448-4111
Agent Phone: (512) 576-4488
Based on information from Unlock MLS (alternatively, from ACTRIS) for the period through 2026-09-01 12:43:20 PDT. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. All data is provided “AS IS” and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market.
Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some IDX listings have been excluded from this website. Click here for more information

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Frequently asked questions about 5311 Avispa Way

  • What is the estimated monthly payment for 5311 Avispa Way?
    Based on a $699,000 list price with 20% down at today's rates, the estimated monthly payment for 5311 Avispa Way in Austin, TX is approximately $4,601 (about $3,676 principal & interest, $850 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
  • How does the list price for 5311 Avispa Way compare to homes in Austin?
    5311 Avispa Way in Austin, TX is listed at $699,000, about 19% above the $586K median sale price in Austin.
  • What do residents say about Austin?
    Residents describe Austin, TX as dog-friendly, easy to park in, and pedestrian-friendly. See homes for sale in Austin, TX.
  • What are the closest schools to 5311 Avispa Way?
    The closest schools to 5311 Avispa Way in Austin, TX are Bee Cave Elementary School (Pre-K, rated 8/10), Bee Cave Middle (rated 10/10), Lake Travis High School (rated 8/10).
  • Does 5311 Avispa Way have air conditioning?
    Yes, 5311 Avispa Way in Austin, TX has air conditioning.
  • Does 5311 Avispa Way have a pool?
    Yes, 5311 Avispa Way in Austin, TX has a pool.
5311 Avispa Way, Austin, TX 78738 is a 3 bedroom, 2 bathroom, 2,580 sqft single-family home built in 1983. This property is currently available for sale and was listed by Unlock MLS on Jul 20, 2026. The MLS # for this home is MLS# 8723748.