5511 Caprock Summit Dr, Bee Cave, TX 78738 – Apartment High Rise (5+ stories)

ApartmentsYear Built 2024Total Assessed Value $104,821,404County Travis

Property Details

The Apartments property 5511 Caprock Summit Dr, Bee Cave, TX 78738 is located in Travis County. The specific property type is Apartment High Rise (5+ stories). The total assessed value of this property is $104,821,404.

The gross building area is 332,908 square feet and the land area is 735,293 square feet for this Apartment High Rise (5+ stories) built in 2024.

Legal description: Lot 5 Blk A Sweetwater Crossing Phs 2

$104,821,404

Market Value

8.00%

Cap Rate

N/A

NOI

N/A

Occupancy

Avg Rent

Property Image of 5511 Caprock Summit Dr, Bee Cave, TX 78738, Apartments

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Property Information

Property TypeApartments

Sub Property TypeApartment High Rise (5+ stories)

Building Area332,908

Land Size735,293

Land Value$1,470,586

Improved Value$103,350,818

Total Assessed Value$104,821,404

Year Built2024

County NameTravis

Account Number898133

Cap Rate8.00%

Very Walkable

Good Transit

Bikeable

Amenities

HeatingNone

Type ConstructionOther

No of Stories1

Number of Units349

Sales History

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Mortgage History

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Assessment History

Assessment Year ↓	Assessed Land Value ↕	Assessed Improved Value ↕	Assessed Total Value ↕	Market Value ↕	Owner Name ↕	Owner Address ↕	Legal Description ↕	Neighborhood Code ↕	Sub Division ↕	Land Size (SF) ↕	GBA (SF) ↕
2026	$1,470,586	$76,616,422	$78,087,008	$78,087,008	Grey Forest Developm...	6101 Holiday Hill Rd	Lot 5 Blk A Sweetwat...	SW1	S19732	735,293	332,908
2025	$1,470,586	$103,350,818	$104,821,404	$104,821,404	Grey Forest Developm...	6101 Holiday Hill Rd	Lot 5 Blk A Sweetwat...	SW1	S19732	735,293	332,908
2024	$1,470,586	$57,235,874	$58,706,460	$58,706,460	Grey Forest Developm...	6101 Holiday Hill Rd	Lot 5 Blk A Sweetwat...	SW1	S19732	735,293	332,908
2023	$1,470,586	$41,117,130	$42,587,716	$42,587,716	Grey Forest Developm...	6101 Holiday Hill Rd	Lot 5 Blk A Sweetwat...	SW1	S19732	735,293	287,925
2022	$1,470,586	-	$1,470,586	$1,470,586	Grey Forest Developm...	6101 Holiday Hill Rd	Lot 5 Blk A Sweetwat...	SW3	S19732	735,293	-
2021	$1,470,586	-	$1,470,586	$1,470,586	Grey Forest Developm...	6101 Holiday Hill Rd	Lot 5 Blk A Sweetwat...	1SW3	S19732	735,293	-
2020	$1,470,586	-	$1,470,586	$1,470,586	Grey Forest Developm...	6101 Holiday Hill Rd	Lot 5 Blk A Sweetwat...	1SW3	S19732	735,293	-
2019	$1,470,586	-	$1,470,586	$1,470,586	Grey Forest Developm...	6101 Holiday Hill Rd	Lot 5 Blk A Sweetwat...	1SW3	S19732	735,293	-
2018	$1,470,586	-	$1,470,586	$1,470,586	Grey Forest Developm...	6101 Holiday Hill Rd	Lot 5 Blk A Sweetwat...	1SW3	S19732	735,293	-

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Rent & Occupancy

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Comparables

Address ↕	Assessors Parcel Number ↕	Property Type ↕	Property Sub Type ↕	Owner Name ↕	County ↕	Miles ↕	Sale Price ↕	Sale Date ↕	Price / SF ↕	Year Built ↕	GBA ↕	Units ↕
5511 Caprock Summit Dr, Bee Cave, TX 78738	898133	Apartments	Apartment High Rise (5+ stories)	Grey Forest Development Llc	Travis	-	-	-	-	2024	332,908	349
9301 Old Bee Caves Rd, Austin, TX 78737	583370	Apartments	Apartment High Rise (5+ stories)	Lcp Mfiii Conservancy Llc	Travis	7.9	$ 36,020,390	2024-12-23	$ 180.27	2015	199,816	240
11205 N Fm 620, Austin, TX 78726	178190	Apartments	Apartment High Rise (5+ stories)	Cws Plaza Volente Mf Lp	Travis	14.4	$ 76,542,830	2025-11-10	$ 249.41	2024	306,900	372
6607 Brodie Ln, Austin, TX 78748	511568	Apartments	Apartment High Rise (5+ stories)	6607 Brodie Lane Owner Llc	Travis	13.4	$ 48,622,140	2024-06-17	$ 183.05	1996	265,628	291
7631 W Hy U 290 S, Austin, TX 78736	315279	Apartments	Apartment High Rise (5+ stories)	S2 Vineyard Lp	Travis	10.2	$ 34,372,520	2024-06-06	$ 183.27	1999	187,554	202
8640 8700 Shoal Creek Blvd, Austin, TX 78757	251469	Apartments	Apartment High Rise (5+ stories)	Oht Shoal Creek Lp	Travis	16.9	$ 4,522,000	2024-08-22	$ 15.75	2024	287,120	-
4501 E Riverside Dr, Austin, TX 78741	445755	Apartments	Apartment High Rise (5+ stories)	Post Riverside Country Club Lp	Travis	18.5	$ 40,299,000	2024-06-28	$ 165.30	1997	243,796	252
3201 Esperanza Xing, Austin, TX 78758	753265	Apartments	Apartment High Rise (5+ stories)	Gateway Mckenzie Inc	Travis	18.2	$ 83,651,680	2025-08-19	$ 352.37	2013	237,395	279
7200 Easy Wind Dr, Austin, TX 78752	760837	Apartments	Apartment High Rise (5+ stories)	Housing Authority Of The	Travis	17.7	$ 135,907,380	2025-02-12	$ 718.09	2013	189,263	562
5453 Burnet Rd, Austin, TX 78756	229557	Apartments	Apartment High Rise (5+ stories)	Us Reif Burnet Flats Apts Texas Llc	Travis	16.5	$ 27,930,000	2025-09-09	$ 196.20	2013	142,352	179
12100 Metric Blvd, Austin, TX 78758	262633	Apartments	Apartment High Rise (5+ stories)	Austin Housing Finance Corporation	Travis	19.6	$ 66,566,500	2024-11-25	$ 194.76	1997	341,789	384

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Nearby Lenders

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Lender Name ↕	Property Address ↕	Loan Date ↕	Mortgage Amount ↕	Land Size (SF) ↕	Year Built ↕	GBA (SF) ↕	Total Assessed Value ↕	Land Assessed Value ↕	Borrower ↕
—	5511 Caprock Summit Dr, Bee Cave, TX 78738	—	-	735,293	2024	332,908	$ 104,821,404	$ 1,470,586	-
Texas Capital Bank Na	5321 Barton Creek Blvd, Austin, TX 78735	09/30/2025	$ 33,320,000	1,559,012	2023	150,975	$ 55,172,628	$ 3,118,025	-
Pnc Bank National Association	5426 Menchaca Rd, Austin, TX 78745	06/26/2025	$ 2,887,000	85,378	1973	35,348	$ 7,295,592	$ 1,707,560	Sll Manchaca Apartments Llc
Mercy Community Capital	2101 Davis Ln, Austin, TX 78745	06/23/2025	$ 1,047,813	267,894	1999	44,168	$ 3,510,000	$ 1,071,576	Cobblestone Senior Housing Lim
Ares Cre Lender Ii Llc	812 W 23 St, Austin, TX 78705	06/11/2025	$ 95,000,000	58,501	2021	339,926	$ 181,436,409	$ 13,163,175	715 West 23rd Austin Llc
Jackson Natl Life Insurance C	9901 N Ranch Rd, Austin, TX 78726	05/28/2025	$ 30,000,000	1,035,291	2003	285,528	$ 55,869,871	$ 4,141,162	Mfrevf Iiicanyon Creek Lp
Southern Bancorp Bank	711 Eberhart Ln, Austin, TX 78745	05/21/2025	$ 3,465,370	71,735	1972	14,432	$ 3,535,840	$ 1,434,680	Svag Amazon Llc
Berkadia Commercial Mtg Llc	5112 S 1 St, Austin, TX 78745	04/30/2025	$ 7,100,000	193,054	1982	66,764	$ 14,200,000	$ 2,895,780	Terrain Apartments Llc
Jll Real Estate Capital Llc	9301 Old Bee Caves Rd, Austin, TX 78737	12/23/2024	$ 27,083,000	875,425	2015	199,816	$ 47,560,000	$ 3,501,700	Lcp Mfiii Conservancy Llc
Texas Capital Bank	5321 Barton Creek Blvd, Austin, TX 78735	10/08/2024	$ 32,320,000	1,559,012	2023	150,975	$ 55,172,628	$ 3,118,025	Saint June Lp
Bellwether Ent Mtg Inv Llc	1016 W Stassney Ln, Austin, TX 78745	09/18/2024	$ 12,382,000	265,716	1984	73,070	$ 17,760,397	$ 2,657,160	Polaris Tx22b Llc

Mean$ 20,788,869

Median$ 16,674,500.0

Loan Amount Range$ 1,047,813 - $ 95,000,000

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Tenant Details

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License Details

License Number

32091661580

Permit Holders

Issued By

Franchise Tax Permit Holders

State Authority

Issue Date

9/17/2023

Original Issuance

Expire Date

-

Owner Details

Category	Field	Value
Owner / Tax Payer	Owner Name	PROJECTSMITH INC
	Address Line	5511 caprock summit dr apt 340
	City / State / Zip	bee cave TX 78738
Entity Information	Entity Type	-
Entity Information	Business Type	-
Zoning Information	Zoning	-
Government Codes	FIPS Code	48453
Government Codes	Census Tract	-
Postal Information	ZIP Status Code	78738
Registration Details	SOS Code	A

License Timeline

License Issued

9/17/2023

Currently Active

Status: -

Renewal Required

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