Open House Sunday April 19 | 1:00 pm

1231 Parkway Unit 2

Austin, TX 78703
$1,990,000
3,387 sqft
3 beds
2.5 baths

Description

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: Residential - Condominium
MLS Status: Active
MLS: 4588931
Year Built: 2001
County: Travis
Tract or Division: PARKWAY PLACE CONDOMINIUMS AMENDED THE
List Date: 12/12/2025
Open House: Sunday April 19 | 1:00 pm
Area: 1B
Square Feet: 3,387
Total Beds: 3
Full Baths: 2
Half Baths: 1
Acres: 0.15
Lot Size (sqft): 6,442

800.451.8055

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Interior Features

 
Fireplace:
  • LivingRoom
  • Number of fireplaces: 1
Floor Coverings:
  • Carpet
  • Tile
  • Wood
Appliances:
  • BuiltInOven
  • Dryer
  • Dishwasher
  • Disposal
  • Microwave
  • Refrigerator
  • Washer
Virtual Tour:

Exterior Features

 
Parking:
  • Assigned
  • Attached
  • OffStreet
Lot Description:
  • BacksToGreenbeltPark
  • ManyTrees
Roof Type:
  • Metal
Yard/Grounds:
  • Balcony
  • ExteriorSteps
  • PrivateEntrance
Siding:
  • Masonry
  • Stucco
Pool Type:
  • None
Foundation:
  • Slab
Fencing:
  • Partial
  • WroughtIron

Utilities

 
Heating/Cooling:
  • Central
Utilities:
  • ElectricityAvailable
  • NaturalGasAvailable
  • SewerAvailable
  • WaterAvailable

Additional Property Details

 
Listing Agent: Kam McCoy
Broker: Compass RE Texas, LLC
Amenities:
  • BreakfastBar
  • CeilingFans
  • SeparateFormalDiningRoom
  • EntranceFoyer
  • EatInKitchen
  • HighCeilings
  • InteriorSteps
  • KitchenIsland
  • MultipleLivingAreas
  • MultipleDiningAreas
  • QuartzCounters
  • RecessedLighting
  • WalkInClosets
Community:
  • None
Listed by: Kam McCoy, Compass RE Texas, LLC
Phone: 512.825.7834

Location

Schools

School Name Grades Admission
Unassigned EE - EE Regular
Austin High School 9 - 12 Regular
O. Henry Middle School 6 - 8 Regular
Matthews Elementary School PK - 6 Regular
4 Schools

*All school information should be verified by local Independent School District.

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* Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer.

The information contained herein is furnished by the owner to the best of his/her knowledge, but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.

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