3200-Purdue-a

Designing a house is lot like writing music, and architects bear a close relationship to composers. William S. Briggs designed this stunning University Park transitional at 3200 Purdue Avenue, our Inwood National Bank Home of the Week, with these thoughts in mind. (more…)

5102 Lakehill IHOTW
What does this gorgeous Inwood Meadows Estate at 5102 Lakehill Court have in common with the George W. Bush Presidential Library, The American Airlines Center, and Booker T. Washington High School?

5102 Lakehill Court

It was originally built in 1984 for Mr. and Mrs. C. Dewitt Brown Jr. Brown was the founder of Dee Brown Inc., one of the largest commercial masonry contractors in the country. Their projects include all of the aforementioned buildings, as well as almost every building you’ve ever heard of. So, when the man that started an award-winning masonry company built his own home, he built it to last — for centuries.

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Real Estate Story
HGTV Ultimate House Hunt

The Mediterranean estate at 6436 Sudbury Rd. in Plano is one of three Ebby properties in the 2016 HGTV Ultimate House Hunt.

HGTV’s Ultimate House Hunt 2016 is underway, and three DFW properties have made the contest for the world’s most amazing homes for sale. All three are listed by Ebby Halliday Realtors, with two in Plano and one in Prosper (Deion Sanders’ former home).

“We’re honored to have three incredible homes nominated in HGTV’s Ultimate House Hunt competition this year,” said Randall Graham, vice president and director of marketing for Ebby Halliday Realtors. “Our associates represent some of the area’s very best properties. These homes benefit from many marketing advantages because of our association with Leading Real Estate Companies of the World and its luxury division, Luxury Portfolio International, which has more $1 million-plus properties than any other luxury real estate network.”

You can see all the entries and vote here.

 

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6009 Royalcrest Front

Photos: Shoot2Sell

The time of roasting marshmallows is almost upon us. We got a little sampling of fire pit weather this weekend, and it really made it hit home that fall is almost here. Heck, pumpkin spice everything is hitting the shelves, and the Arboretum is about to open their annual autumn showcase with pumpkins galore, so it’s time to think about bundling up, boots, and making s’mores!

That’s the first thing that came to my mind when I saw the wonderful outdoor entertaining area at 6009 Royal Crest Dr. This home has one fireplace inside, one outside on the loggia, and a fire pit, too! There’s no shortage of places to get cozy in this home, which has four bedrooms, five full and one half bath, and 6,146 square feet. It’s listed with Dave Perry-Miller agent Karen Fry for $2.2 million.

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Manson_Court_Astleford_Interiors_Mark_Molthan

Of course this Wall Street Journal article by Alyssa Abkowitz doesn’t tell you and me anything new. We’ve known for weeks — if not months — that high-end homes in Dallas are flying off the shelves faster than Realtors can list them. It’s driven the resurgence of the hip-pocket listing, too, as newly wealthy or recently transplanted millionaires move to Dallas.

Abkowitz did a great job of quoting some of the big names in the luxury home scene, such as Platinum Series Homes builder Mark Molthan, Briggs Freeman Sotheby’s chief Robbie Briggs, and sought-after designer Barry Williams. The Park Cities and Preston Hollow get name-dropped along with gated communities in Fort Worth.

Of course, there’s a dissection of luxury homes and communities in other gas-rich areas such as San Antonio and Houston. It leads me to wonder, though, with so many municipalities on the fence when it comes to fracking, are we reaching the gas boom’s peak?

What do you think?

Did this inside court inspire Hunter?

Eureka? Listen to this report from the folks at CBS 11:

Just head east from Fort Worth into Arlington and further to Dallas; multi-million dollar home listings are heating up the regional real estate market. “We’re in a pretty healthy market here in Dallas,” said Robbie Briggs, owner of Briggs Freeman Sotheby’s International Realty. Briggs says the luxury market is growing as the region draws wealthy new residents. These homes are filled with wine cellars and home theaters. Another comes with an indoor basketball court.

The Mira Vista Villa Fort Worth

An indoor basketball court? Like the one Hunter Mahan is building in his 19,000 square foot home? Where have you guys been? I’ve been detailing “luxury homes” for years. They are really not all that new, but oh my now that the Mary Kay house is back on the market, lux is the word. And when the media says luxury homes are cropping up all over Dallas, we pay attention.

 

A few quick facts from Foreclosure Listing Service that should help us catch our breath as we listen to the barrage of depressing national stats coming down the pike. But here in Dallas:

  • “The average Joe is still the one feeling the pains of this foreclosure crisis.”
  • “83% of the homes posted for foreclosure so far this year were valued at under $200,000.”
  • “Homes valued below $100,000 were the only ones to experience an increase in Year-to-Date posting activity with a 7% increase
  • “Among the other five home price categories, posting activity declined compared to one year earlier.”
  • “The largest share of residential posting activity in the Metro so far this year was claimed by homes valued in the $100,000 to $199,999 price range (based on assessed value).  With 23,219 postings filed, around 50% of all the homes posted for foreclosure so far this year fall within the $100,000 to $199,999 price range.”
  • “The second highest share of home postings was 33% found among homes priced below $100,000.”
  • “Just 17% of the homes posted for foreclosure so far this year have a value of $200,000 or more.”
  • “Executive homes, those priced between $300,000 and $499,999, only claimed 2% of the total posting activity with 720 postings.”
  • “Only 227 postings were filed on D/FW luxury homes, which include those priced at $500,000 or more”