Real opportunities. Driven by live market signals.
Updated every minute.

Browse Homes — Buy Direct, Deal on Your Terms

Updated Properties Icon
Updated Properties
Last 24 HoursLast 24 Hours
Main property image
Days45Days on Market
Views1view
Gallery image 2
Gallery image 3
Gallery image 4
Gallery image 5

$449,000

5909 Luther Ln # A-1502, Dallas, TX, 75225

On MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,361 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$329.9 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

Must-SellHigh EquityCash Buyers

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Cooktop, Electric Oven, Microwave, Refrigerator
FlooringCarpet, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesBalcony, Gas Grill, Outdoor Kitchen
Lot Size1.52 acres

Building Information

Year Built1983
Roof Type172
Garage Spaces2

Land Information

APN00C67770000A01502
Lot Number10A,9A
SubdivisionThe Shelton Condominiums
Land UseResidential
Legal DescriptionTHE SHELTON CONDO BL2/5625 LT9A,10A,11,12 AC 1.5152 BLDG A UNIT 1502 CE 0.70% INT201900286302 DD10242019 CO-DC 5625 002 09A00
Census Tract007301
Assessed Land Value$69,300
Assessed Improvement Value$386,640
Assessment Year2025

About this property

Sophisticated 15th-Floor High-Rise Living Zoned to Highly Acclaimed HPISD! Located within The Shelton, experience refined luxury from the 15th floor in this beautifully appointed 2-bedroom, 2-bath home, offering sweeping views of Preston Hollow and walking distance to Preston Center. Abundant natural light enhances the open-concept living and dining areas, creating a warm and welcoming space ideal for both relaxed living and entertaining. The open living and dining areas flow seamlessly into a sleek kitchen, blending style and functionality. Step onto the generous covered terrace to relax or host guests while taking in the serene skyline views. The thoughtfully designed split floor plan offers two private en suite bedrooms, each featuring spa-inspired bathrooms, providing the ultimate in comfort and privacy. This unit comes with a private storage unit & 2 private parking spaces in a completely enclosed parking garage. Residents enjoy a full suite of upscale amenities, including valet parking, 24.7 concierge service, a state-of-the-art fitness center, resident clubroom, heated pool with cabanas, putting green, and an outdoor grilling pavilion. Perfectly positioned in the heart of Preston Center, this exceptional residence offers unparalleled access to premier dining, shopping, and business destinations.

Investor Tools

$0Estimated Mortgage Balance
$455,940Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,736 /month
Positive
Cash Flow Estimate:
$912 /month

Interested in this property?

Emelee Field

Century 21 Mike Bowman, Inc.

ContactContact

Want alerts when something changes with this property?

Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$976/month
$1,361/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,427
$455,940
2025
$69,300
$386,640
$455,940
No

Tax History

Year
Tax Paid
Assessed Value
2025
$9,427
$455,940

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$455,940
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,350/mo
$1,361/mo
+$989/mo
6.2%

Learn About the Market: Opportunity in Dallas

Local Market Pages
Local Market Pages 2Local Market Pages 3Local Market Pages 4

Explore

Dallas

The largest metro area in Texas, Dallas–Fort Worth blends corporate muscle with suburban sprawl and long-run growth. Anchored by Fortune 500 headquarters, two major airports, and sprawling master-planned communities, the region stretches from Uptown Dallas high-rises to Fort Worth’s historic Stockyards.

DFW is where finance meets freight, tech meets transportation, and new subdivisions seem to rise as quickly as new logistics hubs. It’s a metro defined by scale — in jobs, rooftops, and opportunity.

Explore Texas Explore This Area
Population Growth

Population Growth

~0.8%

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$318,600

Unemployment Rate

Unemployment Rate

3.60%

Price Trend

Price Trend

~2–3% YoY growth

New Permits

New Permits

~5,500 units

City: Dallas

No Agent List Top Properties.

These are Deal List properties graded A+, A.

Loading properties...

Sold Properties

Loading properties...