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$10,000 -$2,000 (-16.67%) Price Reduced
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Property Description
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.
Full Property Details
Full Property Details for 1231 Parkway #B
General
- Rent: $10,000
- Status: Active
- Type: Condo
- Source: Austin_MLS
- MLS ID: 7504690
- Updated: 5/26/2026
- Added to Site: 26 day(s) ago
Rental Information
- Lease/Rent Term: Negotiable
Interior
- Interior Features: Breakfast Bar, Ceiling Fan(s), Separate/Formal Dining Room, Entrance Foyer, Eat-in Kitchen, High Ceilings, Interior Steps, Kitchen Island, Multiple Living Areas, Multiple Dining Areas, Quartz Counters, Recessed Lighting, Walk-In Closet(s)
- Fireplace: Yes
- Number of Fireplaces: 1
- Fireplace(s): Living Room
- Appliances: Built-In Oven, Dryer, Dishwasher, Disposal, Microwave, Refrigerator, Washer
- Furnishings: Negotiable
- Flooring: Carpet, Tile, Wood
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 2
- Half Bathrooms: 1
Bedrooms
- Total Bedrooms: 3
- Bedrooms Main: 2
Other Rooms
- Laundry: In Garage, Multiple Locations, Upper Level
Additional Information
- Shared Amenities: None
- Security/Safety: Smoke Detector(s)
Exterior
- Exterior Features: Balcony, Exterior Steps, Private Entrance
- Porch/Patio/Deck: Covered, Deck, Patio, Porch, Balcony
Parking
- Garage: Yes
- Garage Spaces: 2
- Covered Spaces: 2
- Total Spaces: 4
- Parking Features: Assigned, Attached, Off Street
Location
- Area: 1B
- County: Travis
- Subdivision: PARKWAY PLACE CONDOMINIUMS AMENDED THE
- Driving Directions: From 12th and Lamar, west on Parkway, home on right.
- Direction Faces: West
School Information
- Elem School District: Austin ISD
- Midd School District: Austin ISD
- High School District: Austin ISD
- Elementary School: Mathews
- Middle School: O Henry
- High School: Austin
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air
- Heating Type: Central
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electricity Available, Natural Gas Available, Sewer Available, Water Available
Structural Information
- Detached/Attached: Detached
- Construction: Masonry, Stucco
- Roof: Metal
- Windows: Double Pane Windows, Window Treatments
- Square Feet: 3,387
- Sq. Ft. Source: Appraiser
- Living Area: 3,387 Sq. Ft.
- Year Built: 2001
- Property Condition: Resale
Additional Structures
- Other Structures: None
Lot Features
- Property View: City Lights, City, Park/Greenbelt, Creek/Stream
- Lot Size (Acres): 0.1479
- Lot Size (Sq. Ft.): 6,442.52
- Fence: Yes
- Lot Features: Backs to Greenbelt/Park, Many Trees
- Fencing (Description): Partial, Wrought Iron
Water Features
- Water Front Name: Shoal Creek
- Water Front Desc.: Creek, Stream
Financial Considerations
- For Sale/Rent/Lease: Lease
- Security Deposit: $12,000
- Pet Deposit: $500
- Owner Pays: None
- Tenant Pays: All Utilities
Disclosures and Reports
- Legal Description: UNT 2 PARKWAY PLACE CONDOMINIUMS AMENDED THE PLUS 50% INTEREST IN COMMON AREA
- Disclosures/Reports: None, Renters Insurance Required
- Property ID: 2100012030000
- Lot Number: 2
Listed by Compass RE Texas, LLC
Schools
Schools serving 1231 Parkway #B
School District:Austin Independent School District
| Name | Grades | Distance |
|---|---|---|
Mathews Elementary School 906 West Lynn Street, Austin, TX 78703 | PK-6 | 0.6 mi |
O Henry Middle School 2610 West 10th Street, Austin, TX 78703 | 6-8 | 1.4 mi |
Austin High School, Austin, TX 1715 West Cesar Chavez Street, Austin, TX 78703 | 9-12 | 1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price History for 1231 Parkway #B
Date
Details
Price
Change
Source
5/26/2026
Price Reduced
$10,000
-16.67%
MLS
4/30/2026
Listed
$12,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1231 Parkway #B, Austin, TX 78703 (MLS# 7504690) is a Condo property with 3 bedrooms, 2 full bathrooms and 1 partial bathroom. 1231 Parkway #B is currently listed for rent at $10,000 and was received on April 30, 2026. Want to learn more about 1231 Parkway #B? Do you have questions about finding other real estate for sale or rent in Austin? You can browse all Austin rentals or contact a Coldwell Banker agent to request more information.

