Active Listing  ·  365 days on market

10103 Milky Way Dr

Austin, TX 78730
$1,599,990
5 Bed 4 Bath 3,895 sqft $411/sqft Built 2025 0.25 acres 3-Car Garage Pool New Construction River Place, Milky Way at River Place

The Aspen offers 5 beds, 3.5 baths, and 3,895 sqft includes a spacious media room, large gameroom, and an open-concept family room that connects to the gourmet kitchen and breakfast. Custom cabinetry, 63-inch soft-close cabinets, a dual-fuel JennAir professional range, and elegant finishes. A soaring 20-foot entry sets the tone, showcasing a curved staircase and wide-plank hardwood floors that continue through the entry, formal dining, and study. Two separate office spaces for work-from-home needs or creative pursuits. The first-floor primary suite with a spa-style bath that includes a freestanding tub, walk-in shower, split vanities, built-in cabinetry, and walk-in closet with direct access to utility. Upstairs, you’ll find four large beds, two baths, a gameroom, covered balcony with Hill Country views, and a separate media room. This home also features a 3-car garage, energy-efficient spray foam insulation, Andersen windows, tankless water heater, and fresh air intake system. Located within walking distance of River Place Elementary and zoned to top-rated Vandegrift High, with close proximity to River Place Country Club and Sun Tree Park. Luxury, comfort, and Hill Country views—all in one extraordinary package.

Residents enjoy access to some of the area's top schools, including River Place Elementary and Vandegrift High School. Nearby amenities include Sun Tree Park, River Place Country Club, and miles of scenic greenbelt trails. The community is also just minutes from Broadcom's Austin campus, along with a wealth of other major tech employers in the Four Points area. Residents have access to a private marina for swimming, boating, waterskiing, and other activities on the lake. At the River Place Country Club, residents can play golf or tennis, enjoy the fitness center, massage facility, swimming pool, and dining room. River Place Country Club 1.4 mi, River Place Nature Trail 2.3 mi, Bull Creek District Park 3.6, Quarry Lake 6.3 mi, Sun Tree Park 1.2 mi

At $411/sqft, this home is priced 5% above the Austin active market average of $391/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

10103 Milky Way Dr, Austin, TX 78730

Property Details

Price $1,599,990
Status Active Listing
Beds 5
Full Baths 3
Half Baths 1
Living Area 3,895 sqft
Lot Size 0.25 acres (10,890 sqft)
Year Built 2025
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision River Place, Milky Way at River Place
County Travis
Zip Code 78730
$/sqft $411/sqft
Days on Market ,
HOA $185/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT203592646
List Date August 4, 2025
Elementary School River Place
Middle School Four Points
High School Vandegrift
School District ,

Luke Allen (TREC #788149) has deep knowledge of Austin and surrounding markets. Whether you're buying, selling, or just researching comparable sales, reach out for a no-pressure conversation.

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Similar Homes on the Market in Austin

Comparable Listings Right Now

Homes currently for sale in Austin with similar bedroom count, size, and price range, giving you real-time context for how this property's asking price compares to the active market.

AddressList Price$/sqftBeds/BathsSqftDOMListed
5901 Round Table Cv
Davenport Ranch Ph 01 Sec 03
$1,600,000 $535 4 bd / 4 ba 2,993 sqft , 2026-03-10
215 Lodestone Ln
The Estates Of Flintrock
$1,600,000 $345 5 bd / 6 ba 4,632 sqft , 2026-07-07
9512 Vera Cruz Rd
Granada Oaks
$1,600,000 $479 4 bd / 4 ba 3,338 sqft , 2026-07-09
8004 Golden Oaks Ln
Goldenwood Sec 1
$1,599,000 $377 6 bd / 4 ba 4,242 sqft , 2026-05-15
3138 Chisholm Trl
Apache Shores 01 Instl
$1,599,000 $437 5 bd / 4 ba 3,658 sqft , 2026-07-06

Source: ACTRIS MLS, live listings. Similar by ±1 bed, ±35% price, ±35% sqft. Contact Luke for a formal comparative market analysis.

Investment Analysis

Rental Income Potential

The numbers below use conservative Austin-market assumptions. They are estimates, not a guarantee. Actual rents vary by condition, timing, and management. Read our full Austin rental property guide →

Est. Monthly Rent
$7,680/mo
0.48% rule · conservative Austin est.
Gross Yield
5.76%
Annual rent ÷ purchase price
Cap Rate (est.)
3.46%
NOI after 40% vacancy + expenses
Down Payment
$319,998
20% conventional investment loan

Monthly Cash Flow Breakdown (20% down · 7.25% rate)

Estimated Gross Rent+$7,680
Principal + Interest−$8,732
Property Tax (~2.1% TX avg)−$2,800
Insurance (~0.5%)−$667
Est. Monthly Cash Flow $-4,519

At current rates and prices, many Austin luxury properties run neutral or slightly negative on pure cash flow, appreciation and equity paydown are the primary return drivers. BRRRR and off-market acquisitions can improve day-one cash flow. Learn about the BRRRR method in Austin →

Commute & Employment

Major Employers Near Austin, TX

Austin sits within commuting range of Austin's major tech, manufacturing, and corporate campuses. Approximate drive times from this area:

Tesla Gigafactory 15-25 min E
Apple Campus (Domain) 20-30 min N
Google / Meta / Indeed 10-15 min downtown
Dell Medical School / UT Austin 10-20 min
Samsung Austin Semiconductor 25 min N

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