1231 Parkway # 2
Austin, TX, 78703
$1,990,000
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.
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.
Listing Provided Courtesy of Compass RE Texas, LLC
Property Details
Price:
$1,990,000
MLS #:
4588931
Status:
Active
Beds:
3
Baths:
2.5
Type:
Condo
Subtype:
Condominium
Subdivision:
PARKWAY PLACE CONDOMINIUMS AMENDED THE
Listed Date:
Dec 12, 2025
Finished Sq Ft:
3,387
Lot Size:
6,443 sqft / 0.15 acres (approx)
Year Built:
2001
Schools
School District:
Austin ISD
Elementary School:
Mathews
Middle School:
O Henry
High School:
Austin
Interior
Appliances
Built-In Oven(s), Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Washer
Bathrooms
2 Full Bathrooms, 1 Half Bathroom
Cooling
Central Air
Fireplaces Total
1
Flooring
Carpet, Tile, Wood
Heating
Central
Interior Features
Breakfast Bar, Ceiling Fan(s), High Ceilings, Quartz Counters, Eat-in Kitchen, Entrance Foyer, Interior Steps, Kitchen Island, Multiple Dining Areas, Multiple Living Areas, Recessed Lighting, Walk-In Closet(s)
Levels
Three Or More
Main Level Bedrooms
2
Exterior
Accessibility Features
None
Attached Garage YN
1
Community Features
None
Covered Spaces
2
Direction Faces
West
Exterior Features
Balcony, Exterior Steps, Private Entrance
Fencing
Partial, Wrought Iron
Garage Spaces
2
Lot Features
Back to Park/Greenbelt, Public Maintained Road, Trees-Heavy, Many Trees
Other Structures
None
Parking Features
Assigned, Attached, Off Street
Patio And Porch Features
Covered, Deck, Patio, Porch
Roof
Metal
View
City, City Lights, Creek/Stream, Downtown, Park/Greenbelt, Skyline
Waterfront Features
Creek, Stream
Window Features
Double Pane Windows, Window Treatments
Financial
Taxes
$34,109
Map
Contact Us
Mortgage Calculator
Community
- Address1231 Parkway # 2 Austin TX
- SubdivisionPARKWAY PLACE CONDOMINIUMS AMENDED THE
- CityAustin
- CountyTravis
- Zip Code78703
Property Summary
- Located in the PARKWAY PLACE CONDOMINIUMS AMENDED THE subdivision, 1231 Parkway # 2 Austin TX is a Condo for sale in Austin, TX, 78703. It is listed for $1,990,000 and features 3 beds, 3 baths, and has approximately 3,387 square feet of living space, and was originally constructed in 2001. The current price per square foot is $588. The average price per square foot for Condo listings in Austin is $427. The average listing price for Condo in Austin is $544,273. To schedule a showing of MLS#4588931 at 1231 Parkway # 2 in Austin, TX, contact your Compass RE Texas, LLC agent at 5126982822.
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