1333 SHORE DISTRICT DR TX 78741
| Owner | BELL FUND VII SOUTH SHORE DISTRICT LP |
|---|---|
| Parcel ID | 0304080101 |
| Short ID | 838125 |
| Type | Real |
| Use Code | 08 Apartment 100+ Units |
| Valuation | Income |
| Improvement SF | 383,085 SF |
| Land SF | 401,710 SF |
| Acres | 9.222 |
| Year Built | 2013 |
| Legal | LOT 1 BLK A SOUTH SHORE RETAIL AMENDING SUBD PLAT OF & LOT 2-3 BLK A SOUTHSHORE SUBD SEC 3 |
| Neighborhood | 08SE |
| Land | $28,119,722 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $28,119,722 |
| Improvement | $120,570,278 |
|---|---|
| Total Improvement | $120,570,278 |
| Market | $148,690,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $148,690,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $148,690,000 |
| Taxable Value | $148,690,000 |
|---|
Appreciation: Market value has risen +5099.5% from $2,859,720 (2021) to $148,690,000 (2025), a CAGR of 168.5% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2021→2022), not a steady climb — worth checking what drove that reappraisal rather than assuming a smooth trend. Over the same span, the median Multi-Family parcel countywide rose +37.9%, so this parcel has outpaced the broader multi-family market over the same period.
Tax Burden: The combined rate across 5 taxing entities is 2.0465% in 2025 (+0.0647% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $3,042,919. Austin ISD is the largest single contributor, at 45.2% of the total 2025 levy.
Asset Class: Multi-family residential. This is valued using the income approach, so changes in rent roll or occupancy move the appraisal more directly than they would for a cost-approach property.
Value Composition: Land carries 19% of market value ($28,119,722 land vs $120,570,278 improvements), about $70/SF of land. Most value sits in the improvements, so building condition, age (~13 yrs), and rent roll drive the underwriting.
Submarket Position: At $148,690,000, this parcel sits in the top quartile (≥75th percentile) of Multi-Family property in Travis County — county median $519,778 (P25 $438,669 / P75 $749,859, n=12,584). Multi-Family here is the broad TCAD category — every multi-family property countywide, any size or use — not a use-code-specific peer group. See the Peer Set and the Where This Property Stands benchmark below, which narrows to this property's actual use code, for parcel-level comparables.
Forward Outlook: Holding the +168.5% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $20,760,106,274 by 2030, with an estimated annual tax burden around $4,510,937. Estimated Forward figures are model projections, not certified — see the 6-Year Projection section for the low/base/high bands.
No delinquent taxes on record.
12 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 187 | PARKING GARAGE | 417,688 SF | ✓ |
| SO | Sketch Only | 353,760 SF | ✗ |
| 1ST | 1st Floor | 242,714 SF | ✓ |
| 3RD | 3rd Floor | 78,070 SF | ✓ |
| 4TH | 4th Floor | 78,070 SF | ✓ |
| 2ND | 2nd Floor | 62,301 SF | ✓ |
| 5TH | 5th Floor | 15,780 SF | ✓ |
| ADDL | Additional Floor | 15,780 SF | ✓ |
| MISC | Miscellaneous | 12,720 SF | ✓ |
| 601 | POOL COMM'L | 4,000 SF | ✗ |
| 276 | ELEVATOR COM PAS | 2 SF | ✓ |
| 132 | PLBG 5-FIXT AVG | 2 SF | ✓ |
No large value jumps, delinquencies, or data anomalies found for this parcel.
| Entity | 2021 Rate | 2022 Rate | 2023 Rate | 2024 Rate | 2025 Rate | YoY (2024→25) | Amt Due | Amt Paid | Balance |
|---|---|---|---|---|---|---|---|---|---|
| IAU Austin ISD | 1.0617% | 0.9966% | 0.8595% | 0.9505% | 0.9252% | -0.0253% | $1,341,540.00 | $1,341,540.00 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $759,824.65 | $759,824.65 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $544,975.25 | $544,975.25 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $171,133.35 | $171,133.35 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $149,930.00 | $149,930.00 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $2,967,403.25 | $2,967,403.25 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $134,790,000 | $148,690,000 | -9.3% |
| Assessed Value | $134,790,000 | $148,690,000 | -9.3% |
| Land Value | $28,119,722 | $28,119,722 | +0.0% |
| Improvement Value | $106,670,278 | $120,570,278 | -11.5% |
| Taxable Value | $134,790,000 | $148,690,000 | -9.3% |
| Total Tax 2026 = estimate |
~$2,758,457
Estimated
|
~$2,967,403
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $144,701,142 | $134,790,000 | -9,911,142 (-6.8%) |
| Taxable Value | $144,701,142 | $134,790,000 | -9,911,142 (-6.8%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $134,790,000 | $28,119,722 | $106,670,278 | — | $134,790,000 | $134,790,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $148,690,000 | $28,119,722 | $120,570,278 | — | $148,690,000 | $148,690,000 | ~$2,967,403 | Partial |
| 2024 | $177,700,000 | — | — | — | — | $— | $2,982,322 | Verified |
| 2023 | $142,000,000 | — | — | — | — | $— | $2,869,481 | Verified |
| 2022 | $119,440,000 | — | — | — | — | $— | $2,810,166 | Verified |
| 2021 | $2,859,720 | — | — | — | — | $— | $2,466,396 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -2.7% | -2.7% | ~100% | Not available | Partial |
| 2025 | -6.8% | -6.8% | ~100% | Not available | Partial |
| 2024 | -11.9% | -11.9% | ~100% | 1.8700% | Verified |
| 2023 | +22.5% | +22.5% | ~100% | 1.5800% | Verified |
| 2022 | +23.8% | +23.8% | ~100% | 1.9000% | Verified |
| 2021 | base year | — | ~100% | 86.2500% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +24.5% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -9.3% | +819.0% | +174.1% | +4076.6% | 2022 | -16.3% | 2025 |
| Assessment Ratio | 100.0% | 100.0% | — | 100.0% | 2025 | 100.0% | 2025 |
| Effective Tax Rate (2025) | 2.0000% | 2.0000% | — | 2.0000% | 2025 | 2.0000% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$2,967,403 | $2,819,154 | ~$3,879,662 | $2,982,322 | 2024 | $2,466,396 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$399,274,269 | ~$163,559,000 | ~2.0139% | ~$3,293,974 | +168.5% |
| 2027 | ~$1,072,163,173 | ~$179,914,900 | ~1.9814% | ~$3,564,812 | +621.1% |
| 2028 | ~$2,879,058,225 | ~$197,906,390 | ~1.9488% | ~$3,856,878 | +1836.3% |
| 2029 | ~$7,731,077,203 | ~$217,697,029 | ~1.9163% | ~$4,171,709 | +5099.5% |
| 2030 | ~$20,760,106,274 | ~$239,466,732 | ~1.8837% | ~$4,510,937 | +13862.0% |
| 2026 | ~$396,300,469 | ~$163,559,000 | ~2.0465% | ~$3,347,210 | +166.5% |
| 2027 | ~$1,056,251,678 | ~$179,914,900 | ~2.0465% | ~$3,681,931 | +610.4% |
| 2028 | ~$2,815,206,374 | ~$197,906,390 | ~2.0465% | ~$4,050,125 | +1793.3% |
| 2029 | ~$7,503,312,984 | ~$217,697,029 | ~2.0465% | ~$4,455,137 | +4946.3% |
| 2030 | ~$19,998,429,332 | ~$239,466,732 | ~2.0465% | ~$4,900,651 | +13349.7% |
| 2026 | ~$402,248,069 | ~$163,559,000 | ~1.9977% | ~$3,267,356 | +170.5% |
| 2027 | ~$1,088,193,620 | ~$179,914,900 | ~1.9488% | ~$3,506,253 | +631.9% |
| 2028 | ~$2,943,868,334 | ~$197,906,390 | ~1.9000% | ~$3,760,255 | +1879.9% |
| 2029 | ~$7,963,987,854 | ~$217,697,029 | ~1.8512% | ~$4,029,994 | +5256.1% |
| 2030 | ~$21,544,816,320 | ~$239,466,732 | ~1.8024% | ~$4,316,080 | +14389.8% |
In 2025, this property's market value of $148,690,000 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 286× the county median of $519,778. Multi-Family here is the broad TCAD category — every multi-family property countywide, any size or use — not a use-code-specific peer group. Use the Use Code filter above to narrow to this property's actual type.
| Year | This Property | Bottom 25% | Median | Top 25% | Position | Group YoY |
|---|---|---|---|---|---|---|
| 2025 | $148,690,000 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $177,700,000 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $142,000,000 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $119,440,000 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $2,859,720 | $300,453 | $376,850 | $539,896 | ↑ Top 25% | base yr |
Estimate only. The appraisal district sets value as of Jan 1 (not at sale price). A sale is strong evidence of market value and is typically reflected in the next Jan 1 valuation. Taxing units set rates annually. Modeled from government data — not a legal or tax opinion.