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ActiveMLS #2381013

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

5Bedrooms
5 full / 1 halfBathrooms
6,261Square Ft
1.12Acres
3Garage
2005Year Built
1 / 31
$2,950,000

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

Rooms1 room

Main level

  • Primary Bedroom

    High Ceilings, Recessed Lighting, Two Primary Closets, Walk-In Closet(s)

Price history

Members only
Days on market
$2,950,000
List price
0
Price reductions
Active
Since May 15, 2026
Property history1 event
DateEventPriceChange
Jun 2, 2026New Listing

Taxes

Tax data isn’t available for this property’s county yet.

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

List price $2,950,000
Down payment
Stays 20% if you change the price
Note rate, not APR
From this listing’s tax record
*Estimated only (1% of price / yr)

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.

Principal, interest and balance for each year
YearStarting balancePrincipal paidInterest paidEnding balancePrincipal 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
First 10 of 30 years

Nearby

Courtesy of Keller Williams - Lake Travis · (512) 263-9090

Listings courtesy of ACTRIS as distributed by MLS GRID.