1231 Parkway # 2, Austin TX 78703
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About This Property
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.
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
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Listing History
| Jan 7, 2026 | Price Change | $2,250,000 | |
| Dec 12, 2025 | Listed | Listing Courtesy of Compass RE Texas, LLC - kam@seedpropertygroup.com | $2,350,000 |
| Mar 16, 2007 | Off Market | ||
| Oct 29, 2006 | Listed | $949,000 |
Frequently Asked Questions About 1231 Parkway # 2, Austin TX 78703
When was 1231 Parkway # 2, Austin TX 78703 built?
1231 Parkway # 2, Austin TX 78703 was built in 2001.
How much does 1231 Parkway # 2, Austin TX 78703 cost?
1231 Parkway # 2, Austin TX 78703 is listed for sale at $2,250,000. That is $664 per square foot.
How many bedrooms and bathrooms does 1231 Parkway # 2, Austin TX 78703 have?
1231 Parkway # 2, Austin TX 78703 has 3 bedrooms and 3 bathrooms (2 full, 1 half) with 3,387 square feet of living space.
What school district is 1231 Parkway # 2, Austin TX 78703 in?
1231 Parkway # 2, Austin TX 78703 is in the Austin ISD school district. Assigned schools include Mathews (elementary), O Henry (middle), Austin (high school).
What are the property taxes on 1231 Parkway # 2, Austin TX 78703?
The annual property taxes on 1231 Parkway # 2, Austin TX 78703 are $34,109 (as of 2025).
How big is the lot at 1231 Parkway # 2, Austin TX 78703?
The lot at 1231 Parkway # 2, Austin TX 78703 is 0.1479 acres, and the home has 3,387 square feet of living space.
What type of property is 1231 Parkway # 2, Austin TX 78703?
1231 Parkway # 2, Austin TX 78703 is a residential property.
Does 1231 Parkway # 2, Austin TX 78703 have a garage?
Yes, 1231 Parkway # 2, Austin TX 78703 has a 2-car garage.
What subdivision is 1231 Parkway # 2, Austin TX 78703 in?
1231 Parkway # 2, Austin TX 78703 is located in the PARKWAY PLACE CONDOMINIUMS subdivision in Austin, TX.
How long was 1231 Parkway # 2, Austin TX 78703 on the market?
1231 Parkway # 2, Austin TX 78703 was on the market for 62 days, listed on December 12, 2025.
What heating and cooling does 1231 Parkway # 2, Austin TX 78703 have?
1231 Parkway # 2, Austin TX 78703 has central heating and central air cooling.
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