- Dallas County
- Dallas TX
- 75206
- Local Area: Shelby Residences
Property Overview
Experience elevated urban living in this top-floor condo at the highly sought-after Shelby Residences, one of Dallas' most recognizable mid-rise communities. Built in 2008 and ideally located just steps from SMU. This spacious two-bedroom, two-bathroom residence offers the privacy of having no neighbors above, along with a thoughtfully designed split-bedroom floor plan, ideal for roommates, guests, or a dedicated home office. Freshly painted throughout, the home features oversized bedrooms, generous closets, and well-appointed bathrooms. The open-concept kitchen flows seamlessly into the dining and living areas, creating an inviting space that's perfect for everyday living or entertaining. Expansive windows and French doors leading to the private balcony fill the home with abundant natural light, enhancing its bright and airy feel. Residents enjoy exceptional community amenities, including a fully equipped fitness center, a large outdoor terrace overlooking the energy of SMU Boulevard, and secure gated parking. With walkable access to Southern Methodist University, shopping, dining, entertainment, and some of Dallas' best nightlife, this is an outstanding opportunity to own in one of the city's most desirable and connected locations.
Featured spaces
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Property highlights
Year Built 2008
School District Dallas Isd
HOA $521 Monthly
Parking 1-car garage, 1 covered
Architecture ContemporaryModern
Neighborhood Shelby Residences
Full Property Details
Property Details
Quick Details
- Price $320,000
- Status Active
- Bedrooms 2
- Bathrooms 2
- Square Feet 1,025 Sq Ft
- Lot Size 0.66 acres
- Lot Size Sq Ft 28,793
- Year Built 2008
- Price / Sq Ft $312 / Sq Ft
- MLS # 21353526
Overview
- Property Type Residential
- Property Subtype Condominium
- County Dallas
- Subdivision Shelby Residences
- Days on Market 305
Home Details
- Full Baths 2
- Half Baths 0
- Heating Central
- Cooling Central Air
Kitchen & Interior
- Appliances Dishwasher, Electric Range, Disposal, Microwave
- Interior Features Decorative Designer Lighting Fixtures, Granite Counters, High Speed Internet, Kitchen Island, Open Floorplan, Cable Tv, Walk In Closets
Parking
- Parking Garage, Parking Lot
- Garage Spaces 1
- Covered Parking 1
- Attached Garage Yes
Taxes & HOA
- Annual Taxes $7,190
- HOA Fee $521 Monthly
- HOA Includes All Facilities, Insurance, Maintenance Grounds, Maintenance Structure, Sewer, Security, Trash, Water
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 08/07/2026
- Source Updated 08/08/2026
- Last Updated 08/19/2026
- Virtual Tour Available
Property Tax & CAD Valuation for 5609 Smu Boulevard #505
Dallas Central Appraisal District records for 5609 Smu Boulevard #505, Dallas, TX 75206 show a CAD market value of $322,880 and a net appraised value of $322,880. 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 #505, 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 $34,300 + Improvement Value $288,580 = CAD Market Value $322,880
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: $288,580 Total Area: 1025 Sqft Living Area: 1025 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 $322,880 − All Current CAD Reductions $0 = Current Taxed Starting Point $322,880
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 |
$322,880 | 0.6988 | $2,256 | — | $2,256 |
|
School District
DALLAS ISD |
$322,880 | 0.9938 | $3,209 | — | $3,209 |
|
County
DALLAS COUNTY |
$322,880 | 0.2155 | $696 | — | $696 |
|
College
DALLAS COLLEGE |
$322,880 | 0.1066 | $344 | — | $344 |
|
Hospital District
PARKLAND HOSPITAL |
$322,880 | 0.2120 | $685 | — | $685 |
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) $7,190 − Est. Tax Reductions / Savings — = Est. Taxes (With Current Exemptions) $7,190
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 | $34,300 | $267,900 | $302,200 | — | — |
| 2022 | $34,300 | $244,500 | $278,800 | — | -$23,400 / -7.74% |
| 2023 | $34,300 | $244,500 | $278,800 | — | — |
| 2024 | $34,300 | $288,580 | $322,880 | — | +$44,080 / +15.81% |
| 2025 | $34,300 | $288,580 | $322,880 | — | — |
| 2026 | $34,300 | $288,580 | $322,880 | — | — |
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 $320,000 − Current CAD Market Value $322,880 = Under CAD Value -$2,880 (-0.9%)
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 SHELBY RESIDENCES
A curated look at local favorites, everyday stops, and lifestyle context near this property.