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Crystal Olenbush

  • 5116 Avispa Way

  • $545,000 REDUCED
  • 1.35 Acres Land Austin, TX 78738

***SELLER OFFERING $15,000 BUYER INCENTIVE WITH LENDER APPROVAL WITH ACCEPTABLE OFFER!**Nothing like this available at this price***LOW TAX RATE!***What an opportunity to own this rare 1.34+ acre property with over 75 oaks WITH VIEWS OF DOWNTOWN TOWERS above the eastern horizon! Great, quiet pocket neighborhood with new construction nearby. Perfectly located less than 1 mile from Bee Cave Elementary School and Bee Cave Middle School and near the new LTISD Elementary #9 being built on Hamilton Pool Rd. Watch fireworks from the front porch or remove existing home and build new with your own design to create that special haven. Opportunity to live on property while new home being built in existing. Modular will need to be moved at buyer's expense. Located ten minutes from the Hill Country Galleria, 20 minutes from Dripping Springs wineries, distilleries and 30 minutes from downtown Austin, this property offers something special for the buyer seeking a unique location to build within close proximity to a host of amenities. Come create that dream home and property with "space to breathe" beneath the canopy of the beautiful oaks that shade the property. Acreage properties like this are few and far between in this proximity to shopping and entertainment at this price. Don't miss this opportunity!

View More Properties in the 78738 Zip Code. View More Properties in the Lake Travis School District.

Essential Information

  • MLS® #6994996
  • Price$545,000
  • Bathrooms0.00
  • Acres1.35
  • TypeLand
  • Sub-TypeUnimproved Land
  • StatusActive

Community Information

  • Address5116 Avispa Way
  • SubdivisionBee Caves West
  • CityAustin
  • CountyTravis
  • StateTX
  • Zip Code78738


  • FeaturesNone
  • WaterfrontNone


Electricity Available, Above Ground Utilities


City, Hills, Neighborhood, Panoramic


  • Exterior FeaturesExterior Steps, Rain Gutters

Lot Description

Back Yard, Corner Lot, Gentle Sloping, Native Plants, Many Trees, Trees Large Size, Trees Medium Size, Views

School Information

  • DistrictLake Travis ISD
  • ElementaryBee Cave
  • MiddleBee Cave Middle School
  • HighLake Travis

Map & Directions

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Price Change History for 5116 Avispa Way, Austin, TX (MLS® #6994996)

Date Details Price Change
Price Reduced $545,000 $54,000 (9.02%)
Price Reduced $599,000 $21,000 (3.39%)
Price Reduced (from $650,000) $620,000 $30,000 (4.62%)

Property Listed by: Compass Re Texas, Llc

The 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.

Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS) from July 25th, 2024 at 5:31am CDT. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein "AS IS" and without any warranty, express or implied. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market.

All information provided is deemed reliable but is not guaranteed and should be independently verified.