4240 Prescott Avenue #8B Dallas, TX 75219
- Dallas County
- Dallas TX
- 75219
- Local Area: Drexel Highlander Condo
Property Overview
This enviable residence offers breathtaking Highland Park tree-top views from a private and intimate mid-rise in the highly desirable Park Highlander. Spanning approximately 2,293 square feet, this elegant 2-bedroom, 2.5-bath condo newly renovated with formal dining, two fireplaces, and refined living spaces designed for both everyday comfort and entertaining. The gourmet kitchen is appointed with premium appliances including Sub-Zero refrigeration, a 6-burner Wolf gas range, double Thermador ovens, microwave, along with a kitchen island and pantry. Additional conveniences include a full-size washer and dryer area, high-speed internet, decorative lighting, and central air with ceiling fans.
Residents enjoy the exclusive amenities of direct-entry elevator access and 24-7 concierge service, plus a private garden, sparkling pool, exercise facility and 2 garage reserved parking spots.
The location is exceptional walk to the Shops of Highland Park and Turtle Creek, with convenient dining delivery available from Al Biernat’s and Eddie V’s. Built in 2004 and thoughtfully maintained, this is a rare opportunity to own a sophisticated home in one of Dallas’s most sought-after mid-rise communities.
Featured spaces
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Property highlights
Year Built 2004
School District Dallas Isd
HOA $1,651 Monthly
Pool Pool
Parking 2-car garage, 2 covered
Architecture Traditional
Fireplace 2 Fireplaces
Neighborhood Drexel Highlander Condo
Full Property Details
Property Details
Quick Details
- Price $1,550,000
- Status Active
- Bedrooms 2
- Bathrooms 3
- Square Feet 2,293 Sq Ft
- Lot Size 0.66 acres
- Lot Size Sq Ft 28,662
- Year Built 2004
- Price / Sq Ft $676 / Sq Ft
- MLS # 21337228
Overview
- Property Type Residential
- Property Subtype Condominium
- County Dallas
- Subdivision Drexel Highlander Condo
- Days on Market 65
Home Details
- Full Baths 2
- Half Baths 1
- Heating Central
- Cooling Central Air, Ceiling Fans, Electric
Kitchen & Interior
- Appliances Dishwasher, Disposal
- Interior Features Decorative Designer Lighting Fixtures, High Speed Internet, Kitchen Island, Pantry, Cable Tv
- Fireplaces 2
- Fireplace Features Gas
Lot & Exterior
- Lot Features Landscaped
- Pool Features Pool
Parking
- Parking Garage
- Garage Spaces 2
- Covered Parking 2
- Attached Garage No
Taxes & HOA
- Annual Taxes $24,763
- HOA Fee $1,651 Monthly
- HOA Includes Association Management, Sewer, Trash, Water
Utilities
- Utilities Sewer Available, Water Available, Cable Available
- Water Public
- Sewer Public Sewer
Schools
- Elementary Milam — Dallas ISD
- Middle Spence — Dallas ISD
- High North Dallas — Dallas ISD
Listing Information
- MLS Board NTREIS
- List Date 07/30/2026
- Source Updated 10/02/2026
- Last Updated 10/10/2026
- Virtual Tour Available
Property Tax & CAD Valuation for 4240 Prescott Avenue #8B
Dallas Central Appraisal District records for 4240 Prescott Avenue #8B, Dallas, TX 75219 show a CAD market value of $1,135,040 and a net appraised value of $1,135,040. CAD values are used for property-tax purposes and may differ from the property's current list price or eventual sale price.
TAX INFO FOR NORMAL PEOPLE
A plain-English look at Dallas Central Appraisal District property-tax and appraisal records for 4240 Prescott Avenue #8B, Dallas, TX 75219, including CAD market value, appraised value, exemptions, taxing entities, improvement records, and value history.
View Official Dallas Central Appraisal District Property Record
1. CAD Big Picture: Land + Improvements = Market Value
This shows what the CAD market value is made of. Appraisal districts usually separate value between the land and the improvements. Improvements may include the home, garages, shops, patios, pools, decks, storage, and other structures.
Land Value $51,080 + Improvement Value $1,083,960 = CAD Market Value $1,135,040
2. Improvement Details: Size, Type & Assessed Value
This is a breakdown of the improvements CAD has listed for the property and the square footage or area connected to those records. CAD improvement records may include the main living area, garages, shops, decks, patios, pools, storage, or other site improvements when available.
MAIN DWELLING
Value: $1,083,960 Total Area: 2293 Sqft Living Area: 2293 Sqft
3. Current Tax Exemptions & Statutory Limitations
Property tax bills reflect two distinct types of CAD adjustments: local taxing jurisdiction exemptions (which reduce taxable value below appraised value) and statutory appraisal limitations (which limit the annual growth of appraised value itself). Each taxing entity establishes its own exemption amounts and tax rates.
No standard exemptions or CAD reductions were detected in the current record.
Each taxing jurisdiction may apply its own exemptions, limitations, and taxable-value adjustments. The figures shown reflect the current CAD record. Specific exemption details are displayed when available from the source. A buyer’s exemptions and future tax obligations may differ.
4. Value After CAD Reductions
This is where CAD reductions, exemptions, limitations, or special-use valuation may affect the value used for tax calculations.
CAD Market Value $1,135,040 − All Current CAD Reductions $0 = Current Taxed Starting Point $1,135,040
This reflects the CAD net appraised value after current CAD reductions. Individual taxing units may use different taxable values when exemptions apply.
5. Who Taxes It?
These are the local entities included in the current CAD/tax estimate. A property tax bill can include a city, county, school district, municipal utility district, public improvement district, or other special district. Each entity may use its own taxable value, rate, and exemption treatment.
| Entity | Taxable Value | Rate (per $100) | Est. Tax (No Ex.) | Savings | Est. Tax (Current) |
|---|---|---|---|---|---|
|
City
DALLAS |
$1,135,040 | 0.6988 | $7,932 | — | $7,932 |
|
School District
DALLAS ISD |
$1,135,040 | 0.9938 | $11,280 | — | $11,280 |
|
County
DALLAS COUNTY |
$1,135,040 | 0.2155 | $2,446 | — | $2,446 |
|
College
DALLAS COLLEGE |
$1,135,040 | 0.1066 | $1,210 | — | $1,210 |
|
Hospital District
PARKLAND HOSPITAL |
$1,135,040 | 0.2120 | $2,406 | — | $2,406 |
Each taxing jurisdiction may apply its own exemptions, limitations, and taxable-value adjustments. The figures shown reflect the current CAD record. Specific exemption details are displayed when available from the source. A buyer's exemptions and future tax obligations may differ.
6. Estimated Tax Bottom Line
Est. Taxes (No Exemptions) $25,274 − Est. Tax Reductions / Savings — = Est. Taxes (With Current Exemptions) $25,274
The current CAD record does not establish an exemption tax savings calculation. A buyer’s future tax bill may differ.
7. CAD Values Over Time
YOY Change reflects the change in CAD Market Value from the prior appraisal year. Taxed / Appraised reflects the CAD net appraised value after CAD reductions, or the certified capped appraisal value where jurisdictions differ. Individual taxing units may use different taxable values when exemptions apply.
| Year | Land | Impr. | Market | Taxed / Appraised | YOY Change |
|---|---|---|---|---|---|
| 2021 | $45,400 | $631,040 | $676,440 | $656,183 | — |
| 2022 | $48,240 | $711,760 | $760,000 | $721,801 | +$83,560 / +12.35% |
| 2023 | $48,240 | $746,760 | $795,000 | $793,981 | +$35,000 / +4.61% |
| 2024 | $48,240 | $926,760 | $975,000 | $873,379 | +$180,000 / +22.64% |
| 2025 | $48,240 | $1,063,870 | $1,112,110 | $960,716 | +$137,110 / +14.06% |
| 2026 | $51,080 | $1,083,960 | $1,135,040 | — | +$22,930 / +2.06% |
8. List Price vs CAD Value
The current list price and the county’s CAD market value are not the same thing. CAD market value is used for property-tax context and may lag the open market, reflect prior protests, exemptions, caps, agricultural or special-use treatment, or other appraisal district methods.
How does the list price compare with the CAD value?
CAD values are appraisal-district values used for property-tax purposes and can differ from current asking prices and eventual sale prices.
Current List Price $1,550,000 − Current CAD Market Value $1,135,040 = Over CAD Value +$414,960 (+36.6%)
A sale price can become part of the appraisal district’s future evidence. A buyer’s future taxable value and tax bill may change after purchase, especially if exemptions, caps, or special-use valuation change.
For tax planning, buyers should confirm future taxable value, exemptions, and special-use treatment with the appraisal district, tax office, lender, CPA, or other qualified advisor.
LIFE AROUND DREXEL HIGHLANDER CONDO
A curated look at local favorites, everyday stops, and lifestyle context near this property.