1231 Parkway # B, Austin TX 78703

Austin, TX 78703 | Parkway Place Condominiums The

Why It May Not Have Sold

The following is speculative analysis based on publicly available market data. There are many reasons a home may not sell that aren't reflected in MLS data, including personal circumstances, property condition, title issues, or simply a change of plans. This analysis looks only at market positioning factors.

$450,862 Ed's Estimate: $450,862 $3,250,000
Lowest Comp Recommended List: $442,000 to $460,000 Highest Comp

Listing History

$10,000 List Price
$2,225,388 Comp Value
0 Price Reductions

This property was listed at $10,000 and withdrawn after 67 days on market. This listing activity factors into the valuation.

This home was listed at $10,000 and was on the market for 67 days before being withdrawn. Based on comparable sales, the market data suggests a value closer to $450,862. Here are some factors that may have played a role: The listing had a price reduction during its time on market, which can sometimes affect buyer perception. The 541 sqft size difference versus comparable sales is reflected in the adjusted values. At 5 years older than typical comps, the 2001 build date influences the valuation. With 3 comparable sales in PARKWAY PLACE CONDOMINIUMS THE, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group
3 Beds
3 Baths 2 Full, 1 Half
3,387 Sq Ft
0.1479 Acres
2001 Built
2 Garage

About This Property

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. Optionally furnished at $10,500/mo. 6 month -12 month term available. The main living level is designed for effortless entertaining, with gorgeous maple floors, 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. 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.

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)

Location

Schools

School District Austin ISD
Elementary Mathews
Middle School O Henry
High School Austin

Property Details

Property Type Residential Lease
Flooring Carpet, Tile, Wood
Cooling Central Air
Heating Central
Exterior Balcony, Exterior Steps, Private Entrance
County Travis
MLS # 7504690
Garage 2 spaces

Tax Information

Appraised Value History (TCAD)
Year Market Value
2026 $2,172,269
2025 $1,444,234
2024 $1,431,811
2023 $1,431,811
2022 $1,720,625
2021 $1,044,000
2020 $979,200
2019 $979,200
2018 $981,860
2017 $963,573
Taxing Entities Coming soon

Source: Travis Central Appraisal District (TCAD) · Travis County Tax Office

Listing History

MLS# 4588931 40 days
Jul 2, 2026 Off Market
Dec 12, 2025 Listed $2,350,000

Frequently Asked Questions About 1231 Parkway # B, Austin TX 78703

When was 1231 Parkway # B, Austin TX 78703 built?

1231 Parkway # B, Austin TX 78703 was built in 2001.

How much does 1231 Parkway # B, Austin TX 78703 cost?

1231 Parkway # B, Austin TX 78703 is currently off market.

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