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1231 Parkway 2Austin, TX 78703

For Sale

$2,250,000

Smart Buyer Rebate $22,500

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.

Listed by Kam McCoy

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License #535320

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Compass RE Texas, LLC

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(512) 825-7834

Last updated January 11, 2026

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Source: ACTRIS #4588931

Listing Facts

  • TypeSingle-family
  • NeighborhoodOld West Austin
  • Bedrooms3
  • Bathrooms3
  • Days on Prevu23
  • Taxes$34,109.06/year
  • Size3,387 sqft
  • Price per sqft$664

Amenities

  • Dishwasher
  • Private Outdoor Space
  • Washer/Dryer
  • Air Conditioning
  • Parking
  • Swimming Pool

Location

Mortgage Calculator

Listing History

01/07/2026
Price Decreased
$2,250,000
01/07/2026
Listed by Compass RE Texas, LLC
$2,350,000

Property Details for 1231 Parkway 2

Exterior

Construction

  • Property Condition: Resale
  • Roof: Metal
  • Window Features: Double Pane Windows, Window Treatments
  • Year Built: 2001
  • Construction Materials: Masonry – All Sides, Stucco
  • Exterior Features: Balcony, Exterior Steps, Private Entrance

Features

  • Direction Faces: West
  • Fencing: Partial, Wrought Iron
  • Patio And Porch Features: Covered, Deck, Patio, Porch
  • View: City, City Lights, Creek/Stream, Downtown, Park/Greenbelt, Skyline
  • Waterfront Features: Creek, Stream

Measurements

  • Lot Features: Back To Park/Greenbelt, Public Maintained Road, Trees-Heavy, Many Trees
  • Lot Size Acres: 0.14
  • Lot Size Area: 0
  • Lot Size Square Feet: 6,442

Financial

Taxes

  • Parcel Number: 02100012030000
  • Tax Annual Amount: $34,109.06
  • Tax Assessed Value: $1,721,103.00
  • Tax Year: 2025

Interior

Features

  • Appliances: Built-In Oven(s), Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Washer
  • Fireplace Features: Living Room
  • Fireplaces Total: 1
  • Flooring: Carpet, Tile, Wood
  • 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.

Full MLS Disclaimers

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.