5311 Avispa WAY, Austin TX 78738
Austin, TX 78738 · Bee Caves West
Single Family Residence for sale in Bee Caves West
Overview
Property 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.
Financial Info
- Price
- $699,000
- $ / Sqft
- $271
- HOA
- None
- Tax Rate
- 1.644%
- Est. Taxes
- $7,044.6
- Tax Year
- 2026
- Exemptions
- Homestead
Legal Info
- Address
- 5311 Avispa WAY
- County
- Travis
- City
- Austin
- State
- TX
- Zip
- 78738
- Subdivision
- Bee Caves West
- Legal Description
- LOT 21 BEE CAVES WEST (HOMESTEAD)
- Parcel
- 01187703370000
Interior Features
- Floor
- Carpet, Tile
- Num Living
- 2
- Dining
- 1
- Kitchen
- Eat-in Kitchen
- Appliances
- Dishwasher, Gas Cooktop, Gas Range, Microwave, Oven, Free-Standing Refrigerator
- Laundry
- Inside, Laundry Room
- Master Bed
- Walk-In Closet(s)
- Master Main
- Yes
- Interior 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, None
General Info
- Beds
- 3 Total / 3 Main Level
- Full / Half Baths
- 2 / 0
- Prop Type
- Residential
- Property Type
- Single Family Residence
- Stories
- 1
- Year Built
- 1983 / Resale
- Square Feet
- 2,580 / Public Records
- Garage Desc
- Carport, Driveway
- Foundation
- Slab
- Roof
- Composition
- Construction
- Vertical Siding, Stone Veneer
- Acres
- 2.75
- Lot Description
- Corner Lot, Level, Native Plants, Near Golf Course, Open Lot, Split Possible, Trees-Heavy, Trees-Large (Over 40 Ft)
- Restrictions
- Deed Restrictions
- Flood Plain
- No
- View
- Trees/Woods
- Water Access
- No
- Waterfront
- No
- Area
- LS
Utility Info
- Water
- Public
- Sewer
- Septic Tank
- Utilities
- Electricity Connected, Propane, Water Connected
- Heat
- Central, Propane
- A C
- Ceiling Fan(s), Central Air
Exterior Features
- Fence
- Wire
- Exterior Features
- None, Deck
- Pool On Property
- Yes
- Area Amenities
- None
Price history
| Date | Event | Price | Change |
|---|---|---|---|
| Aug 28, 2026 | Price Decrease | $699,000−$100,000 (−12.5%) | −$100,000 (−12.5%) |
| Aug 19, 2026 | Back On Market | — | |
| Aug 14, 2026 | Active Under Contract | — | |
| Jul 20, 2026 | New Listing | — |
Taxes
TCAD account 119215
Uses rates from the supplied 2026 TCAD package. The file does not identify adopted or proposed status.
| Taxing Entity | Rate per $100 | Taxable Value | Estimated Tax |
|---|---|---|---|
| CITY OF BEE CAVE | 0.020000 | $277,810 | $55.56 |
| LAKE TRAVIS ISDTax ceiling applied | 1.039700 | $142,810 | $0.00 |
| TRAVIS CO ESD NO 6 | 0.090399 | $428,512 | $387.37 |
| TRAVIS COUNTY | 0.375845 | $197,541 | $742.45 |
| TRAVIS COUNTY HEALTHCARE DISTRICT | 0.118023 | $145,810 | $172.09 |
| Ordinary property tax estimate | 1.643967 | $1,357.47 |
Informational estimate, not a tax bill or taxes paid. Exemptions and tax ceilings can make taxes differ from the combined rate multiplied by one taxable value. PID assessments and other special charges are excluded; collector coverage has not been established.
Source: Travis County
- Owner
- THOMPSON ERIC R
- Legal
- LOT 21 BEE CAVES WEST (HOMESTEAD)
- Geo ID
- prop:119215
- Acreage
- 2.75
- Exemption Type
- Homestead, Over 65
- MLS estimated annual taxes
- $7,044.6
- MLS tax year
- 2026
Annual taxes billed are the Tax Imposed amounts reported in the latest available Travis Tax Office statement. Exemptions and tax ceilings may prevent combined rate × taxable value from equaling the billed amount. Other collectors or assessments may not be included.
| Year | Appraised Value | Combined Rate per $100 | Annual Taxes Billed |
|---|---|---|---|
| 2025 | $1,055,935 | 1.643967 | $1,183.73 |
| 2024 | — | 1.625614 | $1,880.40 |
| 2023 | — | 1.582547 | $1,740.81 |
| 2022 | — | 1.735723 | $3,037.16 |
| 2021 | — | 1.819279 | $3,012.97 |
| 2020 | — | 1.928565 | $2,889.52 |
Combined rates exclude PID placeholder rates. Historical amounts reflect the statement’s snapshot and may change after later corrections; they do not describe payment status. Appraisal values come from the legacy CAD source.
Source: Travis County
Schools
School Info
- District
- Lake Travis ISD
- Elementary
- Bee Cave
- Middle
- Bee Cave Middle School
- High
- Lake Travis
Maps
Financing
Your preferences
- 20% down
- Conv/Jumbo
- 30 years
- 6.50% rate
Saved on this device
Estimated monthly payment
$4,705 / mo
20% down · 6.50% interest · 30-year fixed
Estimated monthly payment $4,705
- Principal & interest
- $3,535
- Property taxes
- $587
- Homeowners insurance
- $583
*PITI only
These figures are estimates for general information only — not a loan offer, a quote, or a guarantee of financing terms.
| Year | Starting balance | Principal paid | Interest paid | Ending balance | Principal vs interest |
|---|---|---|---|---|---|
| 1 | $559,200 | $6,250 | $36,164 | $552,950 | |
| 2 | $552,950 | $6,669 | $35,745 | $546,281 | |
| 3 | $546,281 | $7,116 | $35,299 | $539,165 | |
| 4 | $539,165 | $7,592 | $34,822 | $531,573 | |
| 5 | $531,573 | $8,101 | $34,314 | $523,473 | |
| 6 | $523,473 | $8,643 | $33,771 | $514,830 | |
| 7 | $514,830 | $9,222 | $33,192 | $505,608 | |
| 8 | $505,608 | $9,840 | $32,575 | $495,768 | |
| 9 | $495,768 | $10,498 | $31,916 | $485,270 | |
| 10 | $485,270 | $11,202 | $31,213 | $474,068 |
- Year 1$552,950
- Principal paid
- $6,250
- Interest paid
- $36,164
- Starting balance
- $559,200
- Year 2$546,281
- Principal paid
- $6,669
- Interest paid
- $35,745
- Starting balance
- $552,950
- Year 3$539,165
- Principal paid
- $7,116
- Interest paid
- $35,299
- Starting balance
- $546,281
- Year 4$531,573
- Principal paid
- $7,592
- Interest paid
- $34,822
- Starting balance
- $539,165
- Year 5$523,473
- Principal paid
- $8,101
- Interest paid
- $34,314
- Starting balance
- $531,573
- Year 6$514,830
- Principal paid
- $8,643
- Interest paid
- $33,771
- Starting balance
- $523,473
- Year 7$505,608
- Principal paid
- $9,222
- Interest paid
- $33,192
- Starting balance
- $514,830
- Year 8$495,768
- Principal paid
- $9,840
- Interest paid
- $32,575
- Starting balance
- $505,608
- Year 9$485,270
- Principal paid
- $10,498
- Interest paid
- $31,916
- Starting balance
- $495,768
- Year 10$474,068
- Principal paid
- $11,202
- Interest paid
- $31,213
- Starting balance
- $485,270
Nearby
12 closest listings to 5311 Avispa WAY, Austin TX 78738 (within 2 miles).
Courtesy of Keller Williams Realty · (512) 448-4111
Listings courtesy of ACTRIS as distributed by MLS GRID.