1721 Palma PLZ, Austin, TX 78703

Sale pursuant to court order, no seller disclosure. Allow enough time for court approval of price/closing. Broker is appointed as receiver. A fantastic home in the much-loved Clarksville neighborhood. This house is a classic type for the area, with many updates including new gravel driveway, two beautiful bathrooms and an ADU in the back. Living and dining rooms are wood-floored and delineated into distinct spaces yet connected in a way which makes the entirety of areas feel spaciously connected. Large open kitchen with island and new light fixtures, a perfect setting for at-home entertaining. Enjoy spending time by the fireplace when the weather is just right. Carport with storage in the back. Home is close to MoPac and Enfield. Easy walking or biking to Freshplus, Jeffries, Galaxy Café, Café Medici, and other amenities. Great dog park is nearby in the neighborhood. Come visit Clarksville and see why it is one of Austin’s favorite neighborhoods.

Price positioning is the headline here. At $650 per square foot in Austin 78703, 1721 Palma Plz enters the market as a 2,538 square foot residential offering with scale that is increasingly hard to ignore in central Austin price bands. The home is listed at $1.65M with 3 bedrooms and 3 baths, and it sits within MLS Area 1B in Travis County. For buyers who underwrite property the way experienced Austin buyers do, those numbers matter first because they define replacement math, renovation tolerance, and future flexibility before anyone gets distracted by styling or staging.

The school path adds real weight. This property is in the Austin district, with Mathews Elementary, O Henry Middle, and Austin High assigned. For many buyers in 78703, that school alignment is not a side detail. It is part of how location value gets measured over time, especially when comparing established central neighborhoods where pricing can move quickly but functional inventory stays limited. A 3 bed, 3 bath layout also gives this home practical range. It can suit buyers who want a primary residence with enough separation for guests, office use, or long term adaptability without stepping into a much larger footprint.

Year built is another serious factor here. Built in 1945, 1721 Palma Plz belongs to a segment of Austin housing stock where the conversation should be disciplined and specific. Buyers should be looking at the relationship between vintage, current condition, and price per square foot, because that is where long term upside or overpayment usually becomes clear. With no public description driving the narrative, the record leaves room for a cleaner evaluation based on the facts that matter most: central Austin location, square footage, school access, and pricing.

The 206 days on market are also part of the story. Extended exposure gives buyers more room to assess the property on fundamentals rather than urgency. In this case, the fundamentals are clear enough to warrant attention. 1721 Palma Plz offers a measurable position in one of Austin’s most closely watched zip codes, and that is exactly the kind of asset sophisticated buyers track for long term hold value, strategic renovation, or a well located primary residence.

Clarksville is Austin's most walkable luxury neighborhood — a historic freedman's town founded in 1871, now in 78703, five minutes on foot from downtown. Median home price $2.2M. Austin ISD schools (Casis Elementary, O. Henry Middle, Austin High). One of the only Austin neighborhoods where you can walk to fine dining, trails, and downtown without getting in a car.

The housing stock reflects 150 years of history. Original shotgun cottages and bungalows from the early 1900s sit alongside contemporary new builds and sensitive renovations on lots ranging from 0.1 to 0.25 acres. The neighborhood's historic designation (National Register) means you'll see period architecture preserved next to modern infill. Teardown lots trade at $800K-$1.5M for land alone.

West Lynn Street is the commercial spine — Medici coffee, Cipollina wood-fired pizza, Jeffrey's fine dining, Josephine House, and Bar Peached are all within a few blocks. Pease Park and Shoal Creek Trail border the east side. The Whole Foods flagship at 6th and Lamar is a 10-minute walk.

What makes Clarksville distinct: the combination of walkable daily life, historic character, and proximity to downtown that no other Austin neighborhood matches. The tradeoff is small lots, limited parking, and premium pricing for the location. Buyers here are paying for a lifestyle that doesn't require a car.