10500 Milky Way
Austin, TX 78730
$2,950,000
- 5 beds
- 6 baths
- 6,261 sq ft
- 1.12 acres
- Built 2005
Listed by Keller Williams - Lake Travis · MLS #ACT2381013
A REAL PERSON, READY TO HELP
Interested in this property?
Connect with a local ERA professional for answers, a private showing, or help thinking through an offer.
Contact the property team
PROPERTY QUESTIONS & SHOWINGS
Ask about this property.
10500 Milky Way, Austin, TX 78730 · MLS #ACT2381013
A FEW THINGS TO NOTICE
What stands out.
Year built
Built in 2005.
Garage parking
3 garage spaces listed.
Property size
1.12 acres listed.
Highlights from the listing description and property details. Confirm features with the listing agent.
THE PROPERTY
Get to know the property.
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.
THE NEIGHBORHOOD
Explore the location.
10500 Milky Way, Austin, TX 78730
Loading property map…
Map position comes from the listing source. Open directions in Google Maps
LOCAL MARKET CONTEXT
Travis County housing market
See the broader conditions surrounding this property through ERA Brokers Consolidated research.
These figures describe the broader reporting area and do not determine this property’s value, condition, availability, or likely sale price.
THE DETAILS
The details, all in one place.
- Property type
- Residential
- Category
- Residential
- Year built
- 2005
- Full baths
- 5
- Half baths
- 1
- Garage spaces
- 3
- Cooling
- Ceiling Fan(s), Central Air, Electric
- Heating
- Central, Fireplace(s), Forced Air, Natural Gas
- 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), Water Heater, Wine Refrigerator
- Flooring
- Carpet, Tile, Wood
- Fencing
- Masonry, Stone, Wrought Iron
- Accessibility
- None
- Pool features
- Fiberglass, Gunite, In Ground, Outdoor Pool, Pool Sweep, Pool/Spa Combo
- Subdivision
- Preserve At River Place Sec 02
- Parcel
- 01503002080000
- HOA
- River Place Residential Community Association
- HOA amenities
- Common Area Maintenance, Insurance
- HOA fee frequency
- Annually
- Elementary school
- River Place
- Middle school
- Four Points
- High school
- Vandegrift
- Annual property tax
- $41,366.00
- HOA fee
- $462.00
Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.
OWNERSHIP, WITH A PLAN
Investor outlook.
Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.
ERA PROPERTY MANAGEMENT
See its potential.
Have a plan for what follows.
Considering this property as a rental? Start with the numbers, then talk through the day-to-day with a local management team.
Understand the opportunity.
Review rental pricing, property condition and your ownership goals with a local professional.
Make a strong first impression.
Bring together property preparation, professional marketing and applicant screening.
Stay connected to your investment.
Get support with rent collection, resident communication, maintenance coordination and owner reporting.

LOCAL PEOPLE. SHARED COMMITMENT.
A team behind your next step.
From your first question to the everyday work of ownership, a conversation with the right person makes a difference.
Meet ERA Property ManagementResidential management in Utah, Nevada and Texas. Service availability and rental eligibility must be confirmed for each property. Commercial and association services are available through our management services page.
YOUR CAREER. YOUR NEXT CHAPTER.
Find your place in real estate.
Just getting started?
Explore real estate education and available licensing courses through ARTI Academics.
Become a real estate agentReady to work with ERA?
Discover the people, broker support, technology and education behind an ERA real estate career.
Join ERA BrokersMoving for work?
Explore ERA Corporate Services for relocation assistance, employer programs, and information for veterans and military families.
Explore Corporate ServicesMore in Austin.
Listing information
MLS #ACT2381013 · Austin Board of Realtors
Listing brokerage: Keller Williams - Lake Travis
Listing agent: Amy Brossette
Listing status: Active. Record updated . Confirm current availability and price with the listing agent.

$970,000
$1,295,000
$1,360,000