10500 Milky WAY, Austin TX 78730
Austin, TX 78730 · Preserve At River Place Sec 02
Single Family Residence for sale in Preserve At River Place Sec 02
Overview
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.
Financial Info
- Price
- $2,950,000
- $ / Sqft
- $471
- HOA
- Yes - Mandatory / $462 / Annually
- HOA Name
- River Place Residential Community Association
- HOA Includes
- Common Area Maintenance, Insurance
- Tax Rate
- 2.208%
- Est. Taxes
- $41,400
- Tax Year
- 2025
- Exemptions
- Homestead
Legal Info
- Address
- 10500 Milky WAY
- County
- Travis
- City
- Austin
- State
- TX
- Zip
- 78730
- Subdivision
- Preserve At River Place Sec 02
- Legal Description
- LOT 4 BLK B PRESERVE AT RIVER PLACE SEC 2THE
- Parcel
- 01503002080000
Interior Features
- Floor
- Carpet, Tile, Wood
- Num Living
- 4
- Dining
- 2
- Kitchen
- Granite Counters, Kitchen Island, Pantry
- Appliances
- Bar Fridge, Built-In Electric Oven, Built-In Gas Range, Built-In Oven(s), Built-In Refrigerator, Convection Oven, Cooktop, Dishwasher, Disposal, Microwave, RNGHD, Refrigerator, Self Cleaning Oven, Stainless Steel Appliance(s), Gas Water Heater, Wine Refrigerator
- Laundry
- Laundry Room, Main Level
- Master Bed
- Primary Bedroom on Main, Walk-In Closet(s)
- Master Main
- Yes
- Fireplaces
- 3
- Fireplace Description
- Fire Pit, Gas, Great Room, Masonry, Outside, Raised Hearth
- Interior Features
- Bar, Built-in Features, Ceiling Fan(s), Beamed Ceilings, Cathedral Ceiling(s), Tray Ceiling(s), Vaulted Ceiling(s), Chandelier, Granite Counters, Gas Dryer Hookup, In-Law Floorplan, Interior Steps, Kitchen Island, Multiple Dining Areas, Multiple Living Areas, Open Floorplan, Pantry, Primary Bedroom on Main, Recessed Lighting, Study/Home Office, Walk-In Closet(s), Washer Hookup, Wired for Sound, Security System, Security System Owned, Smoke Detector(s), Drapes, Insulated Windows, Screens, Window Treatments
General Info
- Beds
- 5 Total / 3 Main Level / 2 Other Level
- Full / Half Baths
- 5 / 1
- Prop Type
- Residential
- Property Type
- Single Family Residence
- Stories
- 2
- Year Built
- 2005 / Resale
- Square Feet
- 6,261 / Public Records
- Garages
- 3
- Garage Desc
- Attached, Garage, Garage Door Opener, Garage Faces Side, Guest
- Foundation
- Slab
- Roof
- Metal
- Construction
- Stone Veneer, Stucco
- Acres
- 1.12
- Lot Description
- Curbs, Landscaped, Sprinkler - Automatic, Sprinkler - Back Yard, Sprinklers In Front, Sprinkler - In-ground, Sprinkler - Side Yard, Trees-Heavy
- Restrictions
- City Restrictions, Covenant, Deed Restrictions
- Flood Plain
- No
- View
- None
- Water Access
- No
- Waterfront
- No
- Area
- RN
Utility Info
- Water
- Public
- Sewer
- Public Sewer
- Utilities
- Electricity Connected, Natural Gas Available, Underground Utilities, Water Connected
- Heat
- Central, Fireplace(s), Forced Air, Natural Gas
- A C
- Ceiling Fan(s), Central Air, Electric
Exterior Features
- Fence
- Masonry, Stone, Wrought Iron
- Exterior Features
- Gas Grill, Gutters Full, Outdoor Grill, Covered, Front Porch, Patio, Porch, Rear Porch
- Pool On Property
- Yes
- Area Amenities
- Common Grounds, Curbs, Fishing, Golf, Park, Picnic Area, Playground, Sport Court(s)/Facility, Tennis Court(s), Underground Utilities
Rooms
Main level
- Primary Bedroom
High Ceilings, Recessed Lighting, Two Primary Closets, Walk-In Closet(s)
Price history
| Date | Event | Price | Change |
|---|---|---|---|
| Jun 2, 2026 | New Listing | — |
Taxes
Schools
School Info
- District
- Leander ISD
- Elementary
- River Place
- Middle
- Four Points
- High
- Vandegrift
Maps
Financing
Your preferences
- 20% down
- Conv/Jumbo
- 30 years
- 6.50% rate
Saved on this device
Estimated monthly payment
$20,825 / mo
20% down · 6.50% interest · 30-year fixed
Estimated monthly payment $20,825
- Principal & interest
- $14,917
- Property taxes
- $3,450
- Homeowners insurance
- $2,458
*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 | $2,360,000 | $26,378 | $152,623 | $2,333,622 | |
| 2 | $2,333,622 | $28,145 | $150,857 | $2,305,477 | |
| 3 | $2,305,477 | $30,030 | $148,972 | $2,275,447 | |
| 4 | $2,275,447 | $32,041 | $146,961 | $2,243,406 | |
| 5 | $2,243,406 | $34,187 | $144,815 | $2,209,219 | |
| 6 | $2,209,219 | $36,476 | $142,525 | $2,172,743 | |
| 7 | $2,172,743 | $38,919 | $140,082 | $2,133,823 | |
| 8 | $2,133,823 | $41,526 | $137,476 | $2,092,298 | |
| 9 | $2,092,298 | $44,307 | $134,695 | $2,047,991 | |
| 10 | $2,047,991 | $47,274 | $131,728 | $2,000,717 |
- Year 1$2,333,622
- Principal paid
- $26,378
- Interest paid
- $152,623
- Starting balance
- $2,360,000
- Year 2$2,305,477
- Principal paid
- $28,145
- Interest paid
- $150,857
- Starting balance
- $2,333,622
- Year 3$2,275,447
- Principal paid
- $30,030
- Interest paid
- $148,972
- Starting balance
- $2,305,477
- Year 4$2,243,406
- Principal paid
- $32,041
- Interest paid
- $146,961
- Starting balance
- $2,275,447
- Year 5$2,209,219
- Principal paid
- $34,187
- Interest paid
- $144,815
- Starting balance
- $2,243,406
- Year 6$2,172,743
- Principal paid
- $36,476
- Interest paid
- $142,525
- Starting balance
- $2,209,219
- Year 7$2,133,823
- Principal paid
- $38,919
- Interest paid
- $140,082
- Starting balance
- $2,172,743
- Year 8$2,092,298
- Principal paid
- $41,526
- Interest paid
- $137,476
- Starting balance
- $2,133,823
- Year 9$2,047,991
- Principal paid
- $44,307
- Interest paid
- $134,695
- Starting balance
- $2,092,298
- Year 10$2,000,717
- Principal paid
- $47,274
- Interest paid
- $131,728
- Starting balance
- $2,047,991
Nearby
Courtesy of Keller Williams - Lake Travis · (512) 263-9090
Listings courtesy of ACTRIS as distributed by MLS GRID.