MLS# 4588931 - 1231 Parkway Unit 2, Austin, TX 78703
$1,990,000
Beds:
3
Baths:
2 full, 1 half
Sqft:
3,387
Sqft lot:
6,442
Acre lot:
0.15
173 Days On Market
Property listed by Compass RE Texas, LLC 512-575-3644 (512) 825-7834
Status:
Active
Property Type:
Condominium
Year Built:
2001
Neighborhood:
Parkway Place Condominiums Amended The
Days On Website:
173
Property Details for 1231 Parkway Unit 2, Austin, TX 78703
Description
Unbeatable value for a singular luxury offering in Old West Austin, instantly recognized by anyone heading toward Pease Park. Overlooking Shoal Creek with commanding Capitol and downtown views, this rare property offers the feel of a private retreat with the walkability of one of Austin’s most prized neighborhoods. The main living level is designed for effortless entertaining, with an open kitchen, dining, and living space framed by two patios—one perched above the creek canopy and the other neighborhood-facing. A custom wine cellar anchors the space, both a showpiece and a collector’s dream. The chef’s kitchen features a quartz island, counters, and backsplash, updated hardware, and premier appliances including a Wolf gas range, wall oven, and Sub-Zero fridge. The first floor hosts two secondary bedrooms, a bright flex room overlooking the backyard, and a dramatic media room framed by an original bank-vault door—the “safe room”—and elevated by a custom brick ceiling. The entire third floor is a serene primary suite with a dream walk-in closet featuring multiple dressing areas and built-ins. The crown jewel is the expansive rooftop deck with unobstructed Capitol and skyline vistas. Designed for entertaining, it features multiple seating areas, a covered lounge, and a wet bar—perfect for sunset cocktails or alfresco dining. With no HOA fees and STRs permitted, the property offers lifestyle and investment flexibility. Additional conveniences include an elevator, two-car garage plus extra parking, two laundry locations, and a natural backyard extending to Shoal Creek that can remain low-maintenance or be custom landscaped. Enjoy quintessential Austin living walkable to Pease Park and favorite dining spots including Jeffrey’s, Josephine House, Wink, and neighborhood staples like Fresh Plus and Whole Foods. Downtown is moments away, offering the ideal balance of peaceful Old West Austin living with quick access to the city’s culture and culinary scene.
Open House
Features
Bathrooms
- 1 half bathroom
- 2 full bathrooms
- 3 total bathrooms
Bedrooms
- 3 total bedrooms
- 2 bedrooms on main level
Building
- Built in 2001
- 3,387 sqft living area
- Masonry
- Stucco
- Three Or More
Disclosures
- Seller Disclosure
Exterior Features
- Balcony
- Exterior Steps
- Private Entrance
Fence
- Partial
- Wrought Iron
Fireplaces
- 1 fireplace
- Living Room
Floors
- Carpet
- Tile
- Wood
Foundation
- Slab
Garage
- 2 garage spaces
Water Features
- Water Body Name: Shoal Creek
- Creek
- Stream
Heating
- Central
Interior Features
- Breakfast Bar
- Ceiling Fans
- Separate Formal Dining Room
- Entrance Foyer
- Eat In Kitchen
- High Ceilings
- Interior Steps
- Kitchen Island
- Multiple Living Areas
- Multiple Dining Areas
- Quartz Counters
- Recessed Lighting
- Walk In Closets
Laundry
- In Garage
- Multiple Locations
- Upper Level
Listing
- Property Subtype: Condominium
- 134 days on market
- Listed on 2025-12-12
Location
- County: Travis
- Subdivision: PARKWAY PLACE CONDOMINIUMS AMENDED THE
Lot
- 0.1479 acres
- Area: 0.1479
- Backs To Greenbelt Park
- Many Trees
Parking
- 2 covered spaces
- Assigned
- Attached
- Off Street
Possession
- Closing And Funding
Property
- Resale
- City Lights
- City
- Park Greenbelt
- Creek Stream
Roof
- Metal
Schools
- Elementary School: Mathews
- Elementary School District: Austin ISD
- Middle School: O Henry
- Middle School District: Austin ISD
- High School: Austin
- High School District: Austin ISD
Sewer
- Public Sewer
Taxes
- Annual Amount: $34,109
- Year: 2025
Utilities
- Electricity Available
- Natural Gas Available
- Sewer Available
- Water Available
Property Map
Map View
$1,990,000 - 1231 Parkway Unit 2, Austin, TX 78703
Street View
Directions
1231 Parkway Unit 2
Austin, TX 78703
County: Travis