1231 Parkway #2 Austin, TX 78703 Open Sat 3PM-5PM

UPDATED: 12/12/2025 01:34 PM ON MARKET: New on market today

$2,350,000

3 Beds2.5 Baths3,387 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 3,387 sqft

Price per Sqft $693

Subdivision Parkway Place Condominiums Amended The

MLS Listing ID 4588931

Style 1st Floor Entry

Bedrooms 3

Full Baths 2

Half Baths 1

HOA Y/N No

Year Built 2001

Annual Tax Amount $34,109

Tax Year 2025

Lot Size 6,442 Sqft

Acres 0.1479

Property Sub-Type Single Family Residence

Source actris

Property Description

Open Saturday 3-5pm. 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.