10500 Milky Way DR, Austin TX 78730
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About This Property
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 Highlights
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
Location
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Schools
Property Details
Lot, Outdoor & Utilities
HOA & Community
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Estimate your monthly payment (PITI)
* Estimate only. Does not include HOA fees, PMI, or other costs.
This property has HOA fees of $462/annually.
Tax Information
Sale Terms & Disclosures
Listing History
| May 15, 2026 | Listed | Listing Courtesy of Keller Williams - Lake Travis - amy@amysellingaustin.com | $2,950,000 |
| Apr 25, 2014 | Off Market | ||
| Feb 22, 2014 | Listed | $1,685,000 |
| Jul 31, 2008 | Off Market | ||
| Oct 22, 2007 | Listed | $1,600,000 |
| Jul 1, 2003 | Off Market | ||
| Jul 11, 2002 | Listed | $190,000 |
Frequently Asked Questions About 10500 Milky Way DR, Austin TX 78730
When was 10500 Milky Way DR, Austin TX 78730 built?
10500 Milky Way DR, Austin TX 78730 was built in 2005. It is stone veneer, stucco construction with 6,261 square feet on a 1.12 acre lot.
How much does 10500 Milky Way DR, Austin TX 78730 cost?
10500 Milky Way DR, Austin TX 78730 is listed for sale at $2,950,000. That is $471 per square foot.
How many bedrooms and bathrooms does 10500 Milky Way DR, Austin TX 78730 have?
10500 Milky Way DR, Austin TX 78730 has 5 bedrooms and 6 bathrooms (5 full, 1 half) with 6,261 square feet of living space.
What school district is 10500 Milky Way DR, Austin TX 78730 in?
10500 Milky Way DR, Austin TX 78730 is in the Leander ISD school district. Assigned schools include River Place (elementary), Four Points (middle), Vandegrift (high school).
Does 10500 Milky Way DR, Austin TX 78730 have an HOA?
Yes, 10500 Milky Way DR, Austin TX 78730 has an HOA fee of $462 per annually. The HOA includes common area maintenance, insurance.
What are the property taxes on 10500 Milky Way DR, Austin TX 78730?
The annual property taxes on 10500 Milky Way DR, Austin TX 78730 are $41,366 (as of 2025). The tax assessed value is $2,206,059.
How big is the lot at 10500 Milky Way DR, Austin TX 78730?
The lot at 10500 Milky Way DR, Austin TX 78730 is 1.12 acres, and the home has 6,261 square feet of living space.
What type of property is 10500 Milky Way DR, Austin TX 78730?
10500 Milky Way DR, Austin TX 78730 is a residential property on a slab foundation.
Does 10500 Milky Way DR, Austin TX 78730 have a garage?
Yes, 10500 Milky Way DR, Austin TX 78730 has a 3-car garage (attached). Parking features include attached, garage, garage door opener, garage faces side, guest.
Does 10500 Milky Way DR, Austin TX 78730 have a pool?
Yes, 10500 Milky Way DR, Austin TX 78730 has a pool. Pool features include fiberglass, gunite, in ground, outdoor pool, pool sweep, pool/spa combo.
What subdivision is 10500 Milky Way DR, Austin TX 78730 in?
10500 Milky Way DR, Austin TX 78730 is located in the Preserve At River Place subdivision in Austin, TX. Community features include common grounds, curbs, fishing, golf, park, picnic area, playground, sport court(s)/facility, tennis court(s), underground utilities.
How long was 10500 Milky Way DR, Austin TX 78730 on the market?
10500 Milky Way DR, Austin TX 78730 was on the market for 129 days, listed on May 15, 2026.
What heating and cooling does 10500 Milky Way DR, Austin TX 78730 have?
10500 Milky Way DR, Austin TX 78730 has central, fireplace(s), forced air, natural gas heating and ceiling fan(s), central air, electric cooling.
What are the roof and foundation at 10500 Milky Way DR, Austin TX 78730?
The listing reports a metal roof and a slab foundation at 10500 Milky Way DR, Austin TX 78730.
What financing does the seller of 10500 Milky Way DR, Austin TX 78730 accept?
The listing says the seller accepts cash, conventional financing.
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