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$799,000
3 Beds ⋅ 2 Baths ⋅ 8723748 MLS
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.

5311 Avispa Way, Austin
$1,099,000
5 Beds ⋅ 4 Baths ⋅ 8949997 MLS
Welcome to this Bee Cave retreat! Sitting on 2.5 usable acres, this gently sloping lot has no steep drop-offs to work around, plenty of room for the next owner's vision. Walk in and you'll quickly see the real star of the show: sweeping views and stunning sunsets. This 5-bedroom, 3.5-bath, 2,944-square-foot home is spread across 3 levels and suits a variety of lifestyles, with a main-level primary suite, 3 additional bedrooms upstairs, and a spacious lower-level suite with its own living area, bedroom, full bath, and private patio! Perfect for long-term guests, multi-generational living, a work-from-home setup, or an income-producing opportunity.The home has been fully updated throughout: new hardwood flooring, tile, and paint; updated kitchen appliances and windows; new decking; new HVAC systems and ductwork; and a standing-seam metal roof. A detached 700-square-foot garage with electricity offers endless possibilities: workshop, studio, fitness space, home office, or extra storage. Amazing location, too! Less than 10 minutes to H-E-B, Hill Country Galleria, and Lake Travis ISD schools. And a 1.64% tax rate!

5203 Cueva Dr, Austin

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