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Austin · PARKWAY PLACE CONDOMINIUMS AMENDED THE

$1,990,000 147 days on market

Reduced from $2,350,000 · −15.3%

1231 Parkway None #2, Austin, TX 78703

  • 3bedrooms
  • 2.5bathrooms
  • 3,387sqft
  • 0.15acres
  • 2001year built

About this home

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.

Property

Type
Condominium
Levels
Three Or More
Year built
2001
Lot size
0.15 acres
Subdivision
PARKWAY PLACE CONDOMINIUMS AMENDED THE
MLS #
ACT4588931

Inside

Bedrooms
3
Bathrooms
2.5
Living area
3,387 sqft
Fireplaces
1

Outside / parking

Garage spaces
2

Schools

Elementary
Mathews
High school
Austin
District
Austin ISD

Costs

Est. annual taxes
$34,109 (2025)

Listing

First listed
Dec 12, 2025
Days listed
147
Original price
$2,350,000
Status
Active Under Contract

Listed by Kam McCoy, Compass RE Texas, LLC · [email protected] · MLS# ACT4588931 · Active Under Contract

Estimate your monthly payment

Loan

Down payment
%
0%10%20%30%40%50%
Loan term
Interest rate (%)
3%5%7%9%

Yearly costs

Monthly payment

$0

Total monthly

Principal & interest
$0
Property tax
$0
Insurance
$0
HOA
$0
Loan amount
$0

Estimate only. Tax / insurance defaults are typical Texas figures; your actual numbers will vary. Talk with a lender for a real quote — I can refer you to one I trust.

Where this home sits

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