Monroe Martin Shipe (b. 1847) had this residence built in 1892 in Austin's Hyde Park, a suburb which he developed on the site of the old state fairgrounds. A man of broad vision, Shipe brought innovative changes to the city's form of government, its public transportation system and other matters of civic concern. His home, partially constructed of wood from the fair grandstand, stands as a monument to his achievements. Recorded Texas Historic Landmark - 1982