As of 2017, The City of Austin plans to keep the Wallace-Burleson-Moore farmstead buildings in an attempt of historic preservation. The City of Austin plans keeps the Wallace-Burleson-Moore farmstead maintained as a historic attraction.
Right now the homestead, farmstead, and outbuildings around Austin Bergstrom International Airport (ABIA) remain empty and unused. Some of the roofs on the log cabin caved in overtime from neglect and weather. Some of these buildings are badly damaged from weather. Property is owned by the City of Austin which is gated with a chain link fence separating the Wallace-Burleson-Moore farmstead property from FM 973.
On the date of 3/27/1995, the City of Austin purchased the Wallace-Burleson-Moore farmstead land for the price of $316,000 dollars along with associated relocation costs of $176,106 dollars for a total of $492,106 dollars. Wallace-Burleson-Moore farmstead was purchased from Helen Steger and Billy Lambert in 1995. A well and several log cabins were demolished in the process of relocation. In the process of relocation of neighbors in the surrounding area, trailers and homes were demolished. The City of Austin purchased the Wallace-Burleson-Moore farmstead land as a part of their Airport Noise Mitigation Program to purchase any residences within 500 feet of ABIA Airport. The Wallace-Burleson-Moore farmstead and several other homes were within the 1,000 feet range of the ABIA Airport. The Wallace-Burleson-Moore farmstead is located in Del Valle, Texas.