Date
Details
Price
Change
Source
5/15/2026
Listed
$2,950,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$2,950,000
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Property Description
Set on a beautifully landscaped 1.12-acre homesite in one of Austin's premier luxury communities, this custom estate offers the rare combination of timeless design, functional living, and resort-style outdoor spaces. From the moment you arrive, the home's commanding presence and mature landscaping create a sense of privacy and elegance that continues throughout all 6,261 square feet. Designed with both everyday comfort and entertaining in mind, the floor plan lives beautifully with 5 spacious en suite bedrooms, including 3 on the main level and 2 upstairs. The heart of the home is the stunning great room, where soaring spaces and a dramatic stone fireplace create a warm yet sophisticated gathering place. Multiple living and entertaining areas provide incredible flexibility, including formal and casual dining spaces, a private office, downstairs billiards/game room, and an upstairs game room with dedicated media room. The gourmet kitchen opens seamlessly to the living spaces and is equipped for both casual family dinners and large-scale entertaining. Premium stainless appliances include a 48" Wolf range, three ovens, warming drawer, built-in refrigerator, microwave oven, and two beverage refrigerators. An oversized utility room with abundant storage, sink, and additional refrigerator space adds everyday convenience rarely found in luxury homes. Step outside and the property transforms into a true private retreat. Expansive covered patios are designed for year-round enjoyment with a built-in grill, sink, and outdoor television overlooking the resort-style pool and spa. A fire pit and multiple entertaining areas create the perfect setting for everything from quiet evenings under the stars to unforgettable gatherings with family and friends. This is Austin Hill Country living at its finest, yet only 14 miles to downtown Austin.
Full Property Details
Full Property Details for 10500 Milky Way Dr
General
- Price: $2,950,000
- HOA FEE: $39/month
- HOA FEE FREQ.: Annually
- Taxes: $41,366 (2025)
- Status: Active
- Type: Single Family
- Source: Austin_MLS
- MLS ID: 2381013
- Updated: 10/9/2026
- Added to Site: 148 day(s) ago
Interior
- Interior Features: Beamed Ceilings, Built-in Features, Open Beams/Beamed Ceailings, Tray Ceiling(s), Ceiling Fan(s), Chandelier, Cathedral Ceiling(s), Separate/Formal Dining Room, Granite Counters, In-Law Floorplan, Interior Steps, Kitchen Island, Multiple Living Areas, Multiple Dining Areas, Main Level Primary, Multiple Closets, Open Floorplan, Pantry, Recessed Lighting, Study, Vaulted Ceiling(s)
- Fireplace: Yes
- Number of Fireplaces: 3
- Fireplace(s): Gas, Great Room, Masonry, Outside, Raised Hearth
- Appliances: Built-In Electric Oven, Built-In Gas Range, Bar Fridge, Built-In Oven, Built-In Refrigerator, Convection Oven, Cooktop, Dishwasher, Disposal, Gas Water Heater, Microwave, Refrigerator, Range Hood, Self Cleaning Oven, Stainless Steel Appliance(s), Wine Refrigerator
- Flooring: Carpet, Tile, Wood
Rooms
Bathrooms
- Total Bathrooms: 6
- Full Bathrooms: 5
- Half Bathrooms: 1
Bedrooms
- Total Bedrooms: 5
- Bedrooms Main: 3
Other Rooms
- Laundry: Main Level, Laundry Room, Washer Hookup, Gas Dryer Hookup
Additional Information
- Shared Amenities: Common Grounds/Area, Fishing, Golf, Playground, Park, Sport Court(s), Tennis Court(s), Trails/Paths, Curbs
- Pool: Yes
- Private Pool: Yes
- Pool Description: Fiberglass, Gunite, In Ground, Outdoor Pool, Pool Sweep, Pool/Spa Combo
- Spa: Yes
- Spa Description: Gunite, Hot Tub, In Ground
- Tennis: Yes
- Security/Safety: Security System Owned, Security System, Smoke Detector(s)
Exterior
- Exterior Features: Gas Grill, Outdoor Grill, Rain Gutters, Fire Pit
- Porch/Patio/Deck: Rear Porch, Covered, Front Porch, Patio, Porch
Parking
- Garage: Yes
- Garage Spaces: 3
- Covered Spaces: 3
- Total Spaces: 3
- Parking Features: Attached, Garage, Garage Door Opener, Guest, Garage Faces Side
Location
- Area: RN
- County: Travis
- Subdivision: Preserve At River Place Sec 02
- Driving Directions: west on 2222 to River Place BLVD; Turn left at light at River Place BLVD. Milky Way Dr will be the on the left. Turn left onto Milky Way Dr. House is 4th on the left.
- Direction Faces: South
School Information
- Elem School District: Leander ISD
- Midd School District: Leander ISD
- High School District: Leander ISD
- Elementary School: River Place
- Middle School: Four Points
- High School: Vandegrift
Community
- Association: Yes
- Assoc. Name: River Place Residential Community Association
- Assoc. Fees Include: Common Area Maintenance, Insurance
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Ceiling Fan(s), Electric
- Heating Type: Central, Forced Air, Fireplace(s), Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electricity Connected, Natural Gas Available, Water Connected, Underground Utilities
Structural Information
- Detached/Attached: Detached
- Construction: Stone Veneer, Stucco
- Roof: Metal
- Windows: Drapes, Insulated Windows, Screens, Window Treatments
- Stories/Levels: 2
- Square Feet: 6,261
- Sq. Ft. Source: Public Records
- Living Area: 6,261 Sq. Ft.
- Year Built: 2005
- Year Built Source: Public Records
- Property Condition: Resale
Additional Structures
- Other Structures: None
Lot Features
- Lot Size (Acres): 1.12
- Lot Size (Sq. Ft.): 48,787.2
- Fence: Yes
- Lot Features: Sprinklers In Rear, Sprinklers In Front, Landscaped, Many Trees, Sprinklers Automatic, Sprinklers In Ground, Sprinklers On Side
- Fencing (Description): Masonry, Stone, Wrought Iron
Financial Considerations
- Association Fee: $462
- Assoc Fee Freq.: Annually
- Assessment Amount: $2,206,059
- Tax Amount: $41,366
- Tax Year: 2025
- Terms: Cash, Conventional
Disclosures and Reports
- Special Conditions: Standard
- Legal Description: LOT 4 BLK B PRESERVE AT RIVER PLACE SEC 2THE
- Disclosures/Reports: Seller Disclosure
- Property ID: 1503002080000
- Block: B
- Lot Number: 4
Listed by Keller Williams - Lake Travis
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Listing agent
— 10500 Milky Way Dr —
Keller Williams - Lake Travis
(512) 913-8940
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 10500 Milky Way Dr
School District:Leander Independent School District
| Name | Grades | Distance |
|---|---|---|
River Place Elementary School 6500 Sitio Del Rio Boulevard, Austin, TX 78730 | K-5 | 0.3 mi |
Four Points Middle School 9700 McNeil Drive, Austin, TX 78750 | 6-8 | 1.5 mi |
Vandegrift High School 9500 McNeil Drive, Austin, TX 78750 | 9-12 | 1.7 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 10500 Milky Way Dr
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- Single Family
- Active
- Updated 19 hours ago
- 4Beds
- 5Total Baths
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- 4Beds
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- Active
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- 5Beds
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10500 Milky Way Drive, Austin, TX 78730 (MLS# 2381013) is a Single Family property with 5 bedrooms, 5 full bathrooms and 1 partial bathroom. 10500 Milky Way Drive is currently listed for $2,950,000 and was received on May 15, 2026. Want to learn more about 10500 Milky Way Drive? Do you have questions about finding other Single Family real estate for sale in Austin? You can browse all Austin real estate or contact a Coldwell Banker agent to request more information.