Downtown Sprouts in Distance. A Carpet of Summer Green Replaces Winter's Sticks and McMansion Roofs

Downtown sprouts in distance. A carpet of summer green replaces winter’s sticks and McMansion roofs.

The Athena is an odd duck of a high-rise.  Built in 1966 by the same Hal Anderson who developed Preston Tower, the Athena was originally marketed as a luxury property.  The units are large — four center 2/2 units with 1,543 square feet and four corner 3/3 units with 1,899 square feet (there are a handful of small units on the fourth floor that no one talks about).  Darn near all units have (unfortunately) enclosed all or part of their luxe balconies adding another 227 potential square feet to the mix.

However, its more recent history has not been as glamorous. Since 2002, units cracking the $200-per-square-foot mark might be counted on your hands. Why?  The recession, but in part because the Pink Wall in general has not kept up with the times, and even more partially, units had not kept pace either.

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preston hollow

The five-bedroom home at 6739 Lupton Dr. in Preston Hollow is offered by Ebby’s Penny Rivenbark for $2,399,000.

I’ve lived in Preston Hollow for many years and I think it’s one of the most special neighborhoods in Dallas. With oversized lots and tree-lined streets, it has an out-of-the-city feel, but you can get anywhere in town with ease because of its central location, just six miles north of downtown. Fifty six of the acres that make up the neighborhood used to be a dairy farm, and it still has that country feel: did you know that if you have an acre or more in Preston Hollow, it’s grandfathered in that you can have horses? One resident who takes advantage of that is former President George W. Bush!

Of course, you can’t talk about Preston Hollow without noting the incredible, landmark architecture located in the area. These are some of the most impressive — and expensive — houses in Dallas, many of which are estates and mansions.

When it comes to selling Preston Hollow, Ebby Halliday Companies sold one in three homes in the area in 2016, according to MLS data, the industry gold standard for measuring market share. Ebby Halliday Companies, which includes Dallas-based Ebby Halliday Realtors and Dave Perry-Miller Real Estate, as well as Fort Worth-based Williams Trew Real Estate, sold 571 homes in Preston Hollow, garnering an astounding 28.5 percent of the market by units. The nearest competitor sold 10 percent. Even when broken down by individual brands, Ebby’s two Dallas-based brands lead all competitors in Preston Hollow.

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Sunnybrook IHOTW

Sometimes you see a house and think, “Wow, I could just move right into that one.” That’s the way we feel about this Sunnybrook Estates colonial revival at 5033 Brookview Drive.

Traditional homes create a strong pull. Many of us grew up in them, so they impart an immediate sense of home. But, we don’t want anything very traditional once we step inside. We want clean, sleek lines, museum-quality white walls, classic Carrara marble, and rich hardwoods.

We want this house. (more…)

4415 LIVELY yyyToday, I’ve got a listing to share that will have you saying ciao amore! right in Preston Hollow.

Designed by Rogers Ford and built by Steve Hild, the Mediterranean villa at 4415 Lively Ln. has been featured in Southern Living for its impeccable style and gorgeous good looks. What’s not to love about six bedrooms, five full bathrooms, two half bathrooms, and over 8,000 square feet in one of Dallas’ best neighborhoods?

This estate — and it is surely an estate — offers extraordinary attention to detail. Think handsomely crafted mahogany doors, Brazilian cherry wood floors, a high-end kitchen with four ovens and a warming drawer, a dining room that can easily seat 50, outdoor courtyards, and a custom-draped cabana by the pool in back.

Can you imagine the incredible parties you could host here? Listing agent Renee Rubin with Ebby Halliday Realtors says it’s one of the biggest selling features.

“This is an architecturally significant Mediterranean villa with fantastic entertaining possibilities built into the home’s design,” she said. “From the oversized circular driveway to the butler’s pantry, every detail is well thought-out and perfectly executed.”

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3141 Southestern

3141 Southestern

Susan Baldwin considers her job as a Realtor to be “a problem solver.” This year will mark her anniversary in real estate that eclipses Susan’s 15-year run as commercial real estate attorney and ll of that training and experience make her a dogged negotiator.

And if that wasn’t enough, her accounting background has made her a whiz with numbers.

Since 2002 when Susan Baldwin joined Briggs Freeman and partnered with Ginger Nobles, she’s added miracle worker to her portfolio.

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Hicks Walnut Place

We have heard rumors ever since he bought the most expensive piece of real estate in Dallas from Tom Hicks that he wanted to sell it.

Well, now he has gone and made it official: Andy Beal listed 10000 Hollow Way Drive, just west of the Dallas North Tollway at Walnut Hill Lane, on January 10 with the agent who sold it to him, Allie Beth Allman. Asking price is $48.9.

The estate is the same size as it was a year ago when Beal snapped it up — all 27,029 square feet —  and Beal is selling off every lick of the land of 25.25 acres. Only difference: the kitchen has been ripped out.

There has been much speculation that he would divide and split up the land, parsing the vast acreage into developable lots (think the Creeks of Preston Hollow) and sell the home on a 5 or 7 acre parcel. But for now, it appears he is selling it all lock, stock and barrel, including that torn up kitchen Beal ripped out to replace.

The price is also not surprising. We had heard the estate, once priced at $135 million when Douglas Newby had it, sold for somewhere in the $50 to $60 million range, which could have included furnishings and antiques.

Indeed, the sales price is LOWER than DCAD value, which has two properties (one a 20 acre plot, the other a 5 -ish acre plot) valued at a total of $61,278 ($4,152,000 plus $57,126,000).

So this could be the biggest bargain in town.

“He doesn’t seem to have a problem with the price,” Allie Beth Allman told Steve Brown. “He has other plans.

“I don’t ask any questions — just do what he says.”

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10731 Bridge Hollow Court facadeWe love a livable home, especially a livable luxury home. So many multi-million dollar homes are filled with rooms that rarely, if ever, get used, but that’s certainly not the case with this modern Mediterranean at 10731 Bridge Hollow Court in the Creeks of Preston Hollow.

For those of you unfamiliar with that subdivision, it’s between Strait Lane and Inwood Road, just south of Royal Lane. Yep, the honeypot of CEOs, sports stars, and those with extremely discerning taste. (more…)

6924 Azalea Front Hillcrest

Homes hold so much more than rooms full of furniture. They carry with them the memories of all the families who spent days, both good and bad, sheltered inside. That’s what makes it difficult for Jon Leatherberry to sell his lovely home in Hillcrest Forest, just east of Hillcrest and north of Northwest Highway. It’s a wonderful, sprawling ranch that has been remodeled to be well-scaled for family life.

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