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.
Interior 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)
Measurements
Living Area: 3,387
Living Area Source: Appraiser
Rooms
Bathrooms Full: 2
Bathrooms Half: 1
Bathrooms Total Integer: 3
Bedrooms Total: 3
Main Level Bedrooms: 2
Other
Location
Subdivision Name: PARKWAY PLACE CONDOMINIUMS AMENDED THE
Tax Lot: 2
Water Body Name: Shoal Creek
Parking
Parking
Attached Garage: Yes
Covered Spaces: 2
Garage Spaces: 2
Parking Features: Assigned, Attached, Off Street
Parking Total: 4
Schools
Elementary School
Elementary School: Mathews
Elementary School District: Austin ISD
High School
High School: Austin
High School District: Austin ISD
Middle or Junior School
Middle Or Junior School: O Henry
Middle Or Junior School District: Austin ISD
Utilities
Equipment
Cooling: Central Air
Heating: Central
Sewer: Public Sewer
Utilities: Electricity Available, Natural Gas Available, Sewer Available, Water Available
Water Source: Public
Frequently Asked Questions
How many bedrooms and bathrooms does this single-family home have?
There are 3 bedrooms and 3 bathrooms in this single-family home at 1231 Parkway 2.
What schools are nearby to 1231 Parkway 2?
Nearby schools include the Mathews Elementary School, O Henry Middle School, and Austin High School.
Does this single-family home have parking?
Yes, there are 2 parking spaces available for 1231 Parkway 2.
What are the annual taxes for 1231 Parkway 2?
Annual taxes for this single-family home are estimated at $34,109.
How does 1231 Parkway 2 compare to other single-family homes in Old West Austin?
This single-family home is listed 24% above the average price for single-family homes in Old West Austin and has been on the market for 74 less days than the typical home in this area.
What is the square footage on this single-family home?
According to the MLS, this listing is 3,387 sqft.
1231 Parkway 2 is a 3-bedroom, 3-bath single-family home for sale in Austin TX 78703. Listed on Prevu for 23 days at $2,250,000. This includes a recent price decrease of $100,000. This residence features 3,387 square feet of living space, located in Old West Austin. The median listing price for single-family homes in this area is $1,564,500. Nearby schools include Mathews Elementary School, O Henry Middle School, and Austin High School. Property amenities include private outdoor space, dishwasher, air conditioning, parking, swimming pool, and washer/dryer. Browse more single-family home listings in Austin.
Based on information from ACTRIS and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.
Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.