- Dallas County
- Dallas TX
- 75202
- Local Area: Elm Place Residences
Property Overview
A rare expression of historic Dallas, this fully remodeled West End penthouse pairs authentic loft architecture with the comfort of a private home. Just over 2,500 square feet unfold across two levels, framed by exposed brick, substantial timber beams, soaring ceilings and banks of fully operable casement windows that welcome natural light and fresh air. Polished large-format floors and a dramatic steel staircase introduce a clean, modern counterpoint without diminishing the character that makes the residence so distinctive.
The main level is open, expansive and designed to live beautifully. Multiple living areas create room to entertain, work from home or settle into daily life without sacrificing the loft’s impressive volume. The kitchen sits naturally at the center, with modern white cabinetry, oversized island, and smoke colored stainless steel appliances, connecting effortlessly to the living and dining spaces. 3 bedrooms, 3 full baths, and separate office, offer uncommon privacy and flexibility for residents and guests.
Above it all, the second-story primary suite feels removed from the energy below. Custom closet built-ins bring thoughtful function, while a private top-floor terrace extends the suite outdoors for an intimate setting for slow mornings, evening cocktails or quiet views across the cityscape. 2 assigned underground parking spaces completes the lock-and-leave experience.
Home to only 30 residences, 509 Elm Place offers a boutique alternative to conventional high-rise living in the heart of the West End. Victory Park, Uptown, the Arts District, museums, restaurants and entertainment are all within easy reach, yet the residence itself feels private and serene. Listed on the National Register of Historic Places, the building represents a piece of Dallas architecture that cannot be recreated. For the buyer drawn to thoughtful design, generous space and homes with a genuine story, this space stands apart!
Featured spaces
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Property highlights
Year Built 1930
School District Dallas Isd
HOA $1,183 Monthly
Parking 2 covered spaces
Architecture Loft
Neighborhood Elm Place Residences
Full Property Details
Property Details
Quick Details
- Price $700,000
- Status Active
- Bedrooms 4
- Bathrooms 3
- Square Feet 2,522 Sq Ft
- Lot Size 0.23 acres
- Lot Size Sq Ft 10,019
- Year Built 1930
- Price / Sq Ft $278 / Sq Ft
- MLS # 21368878
Overview
- Property Type Residential
- Property Subtype Condominium
- County Dallas
- Subdivision Elm Place Residences
- Days on Market 54
Home Details
- Full Baths 3
- Half Baths 0
- Flooring Concrete, Ceramic Tile
- Heating Central
- Cooling Central Air, Ceiling Fans
Kitchen & Interior
- Appliances Dishwasher, Electric Oven, Electric Range, Disposal, Ice Maker, Microwave, Refrigerator
- Interior Features Decorative Designer Lighting Fixtures, Eat In Kitchen, Elevator, Open Floorplan, Vaulted Ceilings, Natural Woodwork, Walk In Closets
Parking
- Parking Underground, Secured
- Garage Spaces 0
- Covered Parking 2
- Attached Garage Yes
Taxes & HOA
- Annual Taxes $13,681
- HOA Fee $1,183 Monthly
- HOA Includes Maintenance Grounds, Sewer, Security, Trash, Water
Utilities
- Utilities Sewer Available, Water Available
- Water Public
- Sewer Public Sewer
Schools
- Elementary Bonham — Dallas ISD
- Middle Spence — Dallas ISD
- High North Dallas — Dallas ISD
Listing Information
- MLS Board NTREIS
- List Date 08/27/2026
- Source Updated 10/20/2026
- Last Updated 10/21/2026
- Virtual Tour Available
Property Tax & CAD Valuation for 509 Elm Street #604
Dallas Central Appraisal District records for 509 Elm Street #604, Dallas, TX 75202 show a CAD market value of $614,410 and a net appraised value of $614,410. 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 509 Elm Street #604, Dallas, TX 75202, 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 — + Improvement Value $614,410 = CAD Market Value $614,410
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: $614,410 Total Area: 2522 Sqft Living Area: 2522 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.
The current CAD record shows a homestead exemption. Specific deduction amounts vary by taxing jurisdiction.
The current CAD record shows a homestead exemption. Specific deduction amounts vary by taxing jurisdiction.
The current CAD record shows a homestead exemption. Specific deduction amounts vary by taxing jurisdiction.
The current CAD record shows a homestead exemption. Specific deduction amounts vary by taxing jurisdiction.
The current CAD record shows a homestead exemption. Specific deduction amounts vary by taxing jurisdiction.
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 $614,410 − All Current CAD Reductions $0 = Current Taxed Starting Point $614,410
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 |
$491,528 | 0.6988 | $4,294 | -$859 | $3,435 |
|
School District
DALLAS ISD |
$412,969 (H) | 0.9938 | $6,106 | -$2,002 | $4,104 |
|
County
DALLAS COUNTY |
$491,528 | 0.2155 | $1,324 | -$265 | $1,059 |
|
College
DALLAS COLLEGE |
$491,528 | 0.1066 | $655 | -$131 | $524 |
|
Hospital District
PARKLAND HOSPITAL |
$491,528 | 0.2120 | $1,303 | -$261 | $1,042 |
(H) Taxable reduction reflected in school district taxable value.
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) $13,681 − Est. Tax Reductions / Savings $3,517 = Est. Taxes (With Current Exemptions) $10,164
The current CAD tax estimate shows exemptions and adjustments reduce the estimated annual taxes by about $3,517. Estimated taxes without exemptions are calculated by applying each jurisdiction's tax rate to its pre-exemption taxable value. Exemption savings represent the difference between this unexempted estimate and the county's current tax estimate. Taxable values and tax rates vary by jurisdiction. Future taxes depend on buyer qualification and future adopted rates.
The current tax estimate reflects a homestead exemption on the property's present CAD record. That exemption does not automatically transfer to a new owner; a buyer must qualify for their own exemptions. For comparison, the current estimate is $10,164 with the exemptions shown today and $13,681 without exemptions. Actual future taxes will depend on buyer eligibility, future appraised values, and adopted tax rates.
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 | — | $390,910 | $390,910 | — | — |
| 2022 | — | $504,400 | $504,400 | — | +$113,490 / +29.03% |
| 2023 | — | $504,400 | $504,400 | — | — |
| 2024 | — | $517,010 | $517,010 | — | +$12,610 / +2.50% |
| 2025 | — | $614,410 | $614,410 | $568,711 | +$97,400 / +18.84% |
| 2026 | — | $614,410 | $614,410 | — | — |
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 $700,000 − Current CAD Market Value $614,410 = Over CAD Value +$85,590 (+13.9%)
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 ELM PLACE RESIDENCES
A curated look at local favorites, everyday stops, and lifestyle context near this property.