#1 Austin Board of Realtors Team 2024#1 Austin Board of Realtors Team 2024
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
Residential
Year Built
2005
Lot Size
1.12 acres
$/Sq Ft
$471
HOA
$462/mo
Garage
3 spaces
Pool
Yes
Listed by Keller Williams - Lake Travis
Verified property facts
10500 Milky WAY is listed at $2,950,000 with 5 bedrooms, 5 full, 1 half bathrooms, 6,261 square feet, 1.12-acre lot. This places it above the 78730 median of $1,325,000.
10500 Milky WAY is zoned for Leander ISD with assigned schools: River Place (elementary), Four Points (middle), Vandegrift (high). School assignments should be verified directly with the district.
10500 Milky WAY is in River Place, Austin, Texas. See the full [River Place neighborhood guide](/neighborhoods/river-place-austin) for market data, schools, and lifestyle details.
10500 Milky WAY is a Residential built in 2005 featuring 5 bedrooms, 5 full, 1 half bathrooms, 6,261 square feet, 1.12-acre lot.
10500 Milky WAY is presented by the Keenan Group at Compass Real Estate, the #1 Austin Board of Realtors Team (2024) with 1,000+ career transactions and $1B+ in career volume across Austin's luxury market.
#1 Austin Board of Realtors Team. Over 1,000 successful transactions with high-end expertise.
25+ years advising buyers and sellers in this community
Property Details
Features
Appliances
Flooring
Features
Construction
Lot Features
Fencing
Foundation
Patio / Porch
Parking
Waterfront
Listed with current price, original ask, and market time.
Public record data from county appraisal records. Market value can differ from assessed value.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025-31.2% | — | $2,005,508 | — | — |
2024-0.1% | — | $2,915,004 | $395,000 | $1,859,869 |
2023+57.7% | — | $2,919,058 | $395,000 | $2,520,004 |
2022 | — | $1,850,900 | $395,000 | $2,524,058 |
Zoned assignments come from the property school fields available to us. District context schools are shown only when an assigned tier is missing. Contact the school district directly to verify current boundaries and enrollment eligibility. Ratings from GreatSchools.org.
20% ($590K)
$2,950,000
Luxury property intelligence
A sourced read on River Place pricing, timing, and property scale. No automated valuation claim.
List price
$2,950,000
Price per sqft
$471/sqft
Vs. River Place median
+202.6%
$975K median
Days on market
28 days
Original to current
No verified reduction
$3M original
Active inventory context
9 listings
Price Position in River Place
Listed 203% above the River Place median
Source: MLS Grid / Unlock MLS and Keenan Group review as of Jun 12, 2026.
Request Private Market AnalysisLifestyle, schools, market context, and homes in River Place
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Pricing, prep, launch timing, and Compass marketing strategy
#1 ABOR Team 2024 with $1B+ career sales volume
10500 Milky WAY is priced at $471 per square foot across 6,261 sqft. The River Place median list price is $975,000.
The most recent annual property tax for 10500 Milky WAY is $41,366. Texas has no state income tax, so property taxes are a primary revenue source. Rates vary by jurisdiction and exemptions. Verify current amounts with the county appraisal district.
With 20% down ($590,000) on a 30-year fixed mortgage at approximately 6.75%, the estimated monthly payment for 10500 Milky WAY is around $18,754 including principal, interest, and estimated taxes. Actual payment varies by rate, down payment, insurance, and HOA fees.
At $2,950,000, 10500 Milky WAY is in the River Place market where there are currently 42 active listings in 78730. The Keenan Group has completed 16 transactions in 78730 as part of 1,000+ career sales totaling $1B+ across Austin. For a detailed market analysis, see our [River Place guide](/neighborhoods/river-place-austin).
10500 Milky WAY includes verified waterfront access: None. Buyers should confirm shoreline, dock rights, and floodplain status during due diligence.
10500 Milky WAY sits on a 1.12-acre lot, providing substantial outdoor living space. Properties of this scale in Austin's luxury market typically feature pool areas, outdoor kitchens, and mature landscaping. Confirm specific amenities with the listing agent.
10500 Milky WAY is part of a managed community with HOA dues of $462 annually. HOA-managed communities in Austin's luxury market typically provide amenities such as common areas, security, and exterior maintenance. Verify current dues and rules with the HOA directly.
Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.
River Place is one of Austin's established neighborhoods, zoned for Leander ISD in the 78730 area. The Keenan Group has specialized in River Place real estate for 25+ years with 1,000+ career transactions. Contact (512) 415-7653 for current market conditions and available homes.
Source: Keenan Group at Compass Real Estate, #1 Austin Board of Realtors Team (2024)
Car-Dependent
No Nearby Transit
Somewhat Bikeable
Walk Score measures walkability based on distance to amenities. Transit Score measures public transportation access. Bike Score measures bikeability based on bike infrastructure and terrain.
8 events on record
Current Price
$2,950,000
Timeline data compiled from MLS records and public records. Information deemed reliable but not guaranteed.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025-31.2% | — | $2,005,508 | — | — |
2024-0.1% | — | $2,915,004 | $395,000 | $1,859,869 |
2023+57.7% | — | $2,919,058 | $395,000 | $2,520,004 |
2022 | — | $1,850,900 | $395,000 | $2,524,058 |
Timeline merges MLS activity (when permitted) with public records. Some details may be restricted to registered VOW clients.
Neighborhood guide and local insights
River Place is home to one of the most technical trail systems inside Austin city limits. The River Place Nature Trail drops nearly 800 feet through three distinct canyons - Canyon Trail, Panther Hollow, and Little Fern - before reaching Lake Austin. Most neighborhoods talk about outdoor access. River Place delivers terrain that makes experienced hikers pay attention, starting from a trailhead residents can reach on foot. The neighborhood sits in northwest Austin, bounded by RR 2222 south, RR 620 east, and Balcones Canyonlands north and west. Lake Austin forms the western boundary. Downtown takes about twenty-five minutes via 2222 or 360, and the Arboretum tech corridor is fifteen minutes east. Steiner Ranch Steakhouse has been a reliable dinner spot for years. Butterwhisk Brunch House draws weekend crowds. Russell's Bakery handles morning coffee. Bellissima does Italian, Galaxy Cafe covers casual lunch. Housing is predominantly Texas Traditional and Hill Country Stone, reflecting the natural landscape of limestone ledges and native oak groves. Mediterranean and Contemporary styles make up the rest. Homes range from 2,500 to 5,000 square feet. Flat lots are around a quarter acre, while ridgeline lots can exceed an acre. Prices start in the mid-$600s for older homes and run past $2 million for newer builds with views. The sweet spot is $800,000 to $1.4 million for a four- or five-bedroom with Hill Country views and privacy. River Place is served by Leander ISD. River Place Elementary is the neighborhood school with a solid reputation. Students feed into Canyon Ridge Middle School and Vandegrift High School, both relatively new campuses. Vandegrift has earned recognition for music programs, competitive sports, and college prep. Leander ISD may not carry the name recognition of Eanes to the south, but the schools serving River Place are well-funded and consistently improving. The Nature Trail is the headliner, but Bull Creek and St. Edwards Park are both nearby. Bull Creek has swimming holes that fill up on summer weekends. St. Edwards Park has canyon overlooks and seasonal waterfall access. The River Place Country Club provides golf, tennis, swimming, and social events. Weekend mornings start on a trail or at the club, and the rhythm tracks the school calendar. Summers bring families to creek beds, fall means Friday nights at Vandegrift. River Place competes with Steiner Ranch, Canyon Creek, and northern Westlake. Steiner Ranch has similar outdoor access but feels denser. Canyon Creek lacks the canyon-and-ridge topography. Westlake offers Eanes ISD but at significantly higher prices. River Place hits a value position that is hard to match: Hill Country terrain, strong schools, twenty-five-minute commute, at prices well below Westlake or Rob Roy. River Place makes sense for families who want Hill Country terrain and outdoor access without leaving Austin city limits. It is the right neighborhood for people who want a nature trail out the back door, a good school district, and enough space to breathe within a reasonable commute.
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