- Dallas County
- Dallas TX
- 75206
- Local Area: Shelby Residences
Property Overview
Welcome to top floor, corner unit perfection at The Shelby Residences, a boutique mid-rise condominium community steeped in automotive history. Built on the iconic site where Carroll Shelby opened his legendary sports car dealership in 1957, this exclusive community perfectly blends modern urban living with a legendary Dallas legacy. This rare top floor, corner unit 1 bedroom condo offers an unbeatable combination of premium privacy, an abundance of natural light, and a private balcony featuring amazing Dallas views. Located just steps from Mockingbird Station, and the vibrant dining and nightlife corridor of Greenville Avenue, multiple retail boutiques and several dining options in close proximity and unmatched proximity to Southern Methodist University. Enjoy some peace of mind with recent high value HOA capital improvements, including a 24 hour monitored surveillance system covering both the interior and exterior, recently replaced exterior windows, and updated exterior stucco and paint. Access a fully equipped on site fitness center, a dedicated dog run for your four legged companion, and a spacious second floor patio complete with upscale outdoor lounge seating and grilling stations. This unit includes an assigned parking space inside a secure, gated parking garage with direct elevator access to the top floor. Whether you are looking for a walkable urban oasis, an upscale home close to SMU, or an investment property in one of Dallas's most sought after pockets, this top floor gem delivers it all.
Featured spaces
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Property highlights
Year Built 2008
School District Dallas Isd
HOA $378 Monthly
Parking 1-car garage, 1 covered
Gated Gated entry
Architecture ContemporaryModern
Neighborhood Shelby Residences
Full Property Details
Property Details
Quick Details
- Price $215,000
- Status Active
- Bedrooms 1
- Bathrooms 1
- Square Feet 752 Sq Ft
- Lot Size 0.66 acres
- Lot Size Sq Ft 28,793
- Year Built 2008
- Price / Sq Ft $286 / Sq Ft
- MLS # 21370459
Overview
- Property Type Residential
- Property Subtype Condominium
- County Dallas
- Subdivision Shelby Residences
- Days on Market 58
Home Details
- Full Baths 1
- Half Baths 0
- Foundation Other
- Roof Tar Gravel
- Flooring Tile
- Heating Central
- Cooling Central Air, Ceiling Fans, Electric
Kitchen & Interior
- Appliances Dishwasher, Electric Range, Electric Water Heater, Disposal, Microwave
- Interior Features Eat In Kitchen, Granite Counters, High Speed Internet, Kitchen Island, Open Floorplan, Pantry, Cable Tv, Wired For Sound
Lot & Exterior
- Exterior Features Balcony
Parking
- Parking Additional Parking, Assigned, Common, Covered, Electric Gate, Garage, Lighted
- Garage Spaces 1
- Covered Parking 1
- Attached Garage Yes
Taxes & HOA
- Annual Taxes $6,028
- HOA Fee $378 Monthly
- HOA Includes All Facilities, Association Management, Maintenance Grounds, Maintenance Structure
Utilities
- Utilities Sewer Available, Water Available, Cable Available
- Water Public
- Sewer Public Sewer
Schools
- Elementary Mockingbird — Dallas ISD
- Middle Long — Dallas ISD
- High Woodrow Wilson — Dallas ISD
Listing Information
- MLS Board NTREIS
- List Date 08/27/2026
- Source Updated 10/23/2026
- Last Updated 10/23/2026
- Virtual Tour Available
Property Tax & CAD Valuation for 5609 Smu Boulevard #512
Dallas Central Appraisal District records for 5609 Smu Boulevard #512, Dallas, TX 75206 show a CAD market value of $270,720 and a net appraised value of $270,720. 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 5609 Smu Boulevard #512, Dallas, TX 75206, 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 $24,870 + Improvement Value $245,850 = CAD Market Value $270,720
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: $245,850 Total Area: 752 Sqft Living Area: 752 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 $270,720 − All Current CAD Reductions $0 = Current Taxed Starting Point $270,720
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 |
$270,720 | 0.6988 | $1,892 | — | $1,892 |
|
School District
DALLAS ISD |
$270,720 | 0.9938 | $2,691 | — | $2,691 |
|
County
DALLAS COUNTY |
$270,720 | 0.2155 | $583 | — | $583 |
|
College
DALLAS COLLEGE |
$270,720 | 0.1066 | $289 | — | $289 |
|
Hospital District
PARKLAND HOSPITAL |
$270,720 | 0.2120 | $574 | — | $574 |
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) $6,028 − Est. Tax Reductions / Savings — = Est. Taxes (With Current Exemptions) $6,028
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 | $24,870 | $208,250 | $233,120 | — | — |
| 2022 | $24,870 | $208,250 | $233,120 | — | — |
| 2023 | $24,870 | $208,250 | $233,120 | — | — |
| 2024 | $24,870 | $245,850 | $270,720 | — | +$37,600 / +16.13% |
| 2025 | $24,870 | $245,850 | $270,720 | — | — |
| 2026 | $24,870 | $245,850 | $270,720 | — | — |
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 $215,000 − Current CAD Market Value $270,720 = Under CAD Value -$55,720 (-20.6%)
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 SHELBY RESIDENCES
A curated look at local favorites, everyday stops, and lifestyle context near this property.