Welcome to Milky Way at River Place, one of Austin's most
prestigious neighborhoods. This modern masterpiece has it all with
4,455 square feet perched on an oversized corner lot. 5 bedrooms, 5
full bathrooms plus 2 powder rooms, private study, game room,
workspace area and media room with wet bar, cabinetry and beverage
center. The pool, Jacuzzi and outdoor kitchen area are perfect for
entertaining. The designer kitchen showcases 63-inch soft-close
cabinetry, a professional JennAir dual-fuel range, walk-in pantry
with wine storage and quartz countertops. An oversized island
offers bar seating and additional prep space. Beautiful wood
flooring, recessed lighting, and an open layout create the perfect
blend of elegance and everyday function, seamlessly connecting to
the dining areas and family room. The grand primary suite is
located on the main floor and offers elegant finishes, abundant
natural light and seamlessly connects to the spa-inspired bathroom
and walk-in closet. The vaulted ceilings and decorative beam
details add warmth and character. Some upgrades made by the owner
include, epoxy on the garage flooring, window tint, automatic
curtains and the addition of 10 Cherry Laurel trees and a Sabal
Palm tree in the yard. 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.
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Last updated: 28 days ago (Unlock MLS #ACT9667056)
Price History
Date / Event
Date
Event
Price
Sep 26, 2026
In contract
-
In contract
Sep 18, 2026
Price Decreased
$1,999,999
↓ $299K
(13%)
Price Decreased
Jun 12, 2026
Price Decreased
$2,299,000
↓ $100K
(4.2%)
Price Decreased
Feb 14, 2026
Listed by LPT Realty LLC - Ascend Group
$2,399,000
Listed by LPT Realty LLC - Ascend Group
Property Highlights
Garage
Air Conditioning
With View
Parking Details
Has Garage
Has Open Parking
Parking Features: Attached, Driveway, Garage, Garage Door Opener, Garage Faces Front, Paver Block, Storage, Tandem
Garage Spaces: 3
Interior Details
Half Bathrooms: 2
Full Bathrooms: 5
Interior Features: Breakfast Bar, Built-in Features, Ceiling Fan(s), Beamed Ceilings, Cathedral Ceiling(s), Double Vanity, Dry Bar, In-Law Floorplan, Kitchen Island, Open Floorplan, Recessed Lighting, Smart Thermostat, Storage, Walk-In Closet(s), High Speed Internet, Ceiling-High, Quartz Counters, Interior Steps, Multiple Living Areas, Primary Bedroom on Main, Study/Home Office
Appliances: Bar Fridge, Dishwasher, Disposal, ENERGY STAR Qualified Appliances, Gas Cooktop, Gas Range, Microwave, Double Oven, Stainless Steel Appliance(s), Vented Exhaust Fan, Water Heater, Tankless Water Heater, RNGHD
Flooring Type: Tile, Wood
Exterior Details
Square Footage: 4455
Square Footage Source: $0
Green Sustainability
Security Features: Carbon Monoxide Detector(s), Closed Circuit Camera(s), Fire Sprinkler System, Prewired, Security System Owned, Smoke Detector(s)
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