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Austin · Preserve At River Place Sec 02

$2,950,000 73 days on market

10500 Milky Way, Austin, TX 78730

  • 5bedrooms
  • 5.5bathrooms
  • 6,261sqft
  • 1.1acres
  • 2005year built

About this home

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.

Property

Type
Single Family Residence
Levels
Two
Year built
2005
Lot size
1.12 acres
Subdivision
Preserve At River Place Sec 02
MLS #
ACT2381013

Inside

Bedrooms
5
Bathrooms
5.5
Living area
6,261 sqft
Fireplaces
3

Outside / parking

Garage spaces
3
Pool
Yes — private

Schools

Elementary
River Place
High school
Vandegrift
District
Leander ISD

Costs

HOA
$462 / annually
Est. annual taxes
$41,400 (2025)

Listing

First listed
May 15, 2026
Days listed
73
Status
Active

Listed by Amy Brossette, Keller Williams - Lake Travis · [email protected] · MLS# ACT2381013 · Active

Estimate your monthly payment

Loan

Down payment
%
0%10%20%30%40%50%
Loan term
Interest rate (%)
3%5%7%9%

Yearly costs

Monthly payment

$0

Total monthly

Principal & interest
$0
Property tax
$0
Insurance
$0
HOA
$0
Loan amount
$0

Estimate only. Tax / insurance defaults are typical Texas figures; your actual numbers will vary. Talk with a lender for a real quote — I can refer you to one I trust.

Where this home sits

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