Talked Lakewood on Daybreak, but We Showed Homes on the Periphery — WHY?

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6414 Westlake in Lakewood for $729K

Lakewood is one of the hottest neighborhoods in Dallas, where home values have held strong and may even be climbing upwards. The editors at Daybreak on Channel 8 specifically asked for homes in a certain price range, like $200,000. Those are hard to find in Lakewood “proper”, where average prices run about $500,000 to $600,000 or more. So I provided homes in the peripheral areas such as hot hot (and affordable) Lochwood, Little Forest Hills, and then one in Forest Hills just because I have a crush on it!

And like Preston Hollow, when a neighborhood gets hot, people start expanding it by grouping together other neighborhoods under the big-draw banner. Look at what is called Preston Hollow today and compare it to what was the Preston Hollow of yesteryear.

Lakewood is a beautiful community, but its the area’s great schools that draw buyers, like Stonewall Jackson Elementary and Woodrow Wilson High School. Here’s some of the info I had that I couldn’t cram into five minutes:

Lakewood was once part of the separate town of East Dallas that was annexed into Dallas in 1890, and the community was formed about 10 years after the city began creating White Rock Lake, (initially as a water supply source) in 1910.  The area was named after the lake, as was Lake Highlands to its north, as it hugs the western edge. Most of it was built during the 1920’s, when Dr. W.F. Pearson, who owned a 184 acre tract around the Lakewood Country Club, the city’s second oldest chartered country club, sold the land to developers Albert Dines and Lee R. Kraft. Dines & Kraft were told to do it right, and they did: many of the “Dines and Kraft” homes built in the 1920’s are standing strong today.

These are true Lakewood neighborhoods: Country Club Estates, Westlake Park, and Gastonwood, and they are loaded with homes by Charles Dilbeck, O’Neil Ford, Arch Swank, David Williams, and Donald Barthelme, which gives the area that wonderful mix of style. You get everything from Prairie-Four Squares, English Tudors, and Colonial Revival to French and Spanish Eclectic styles. There are also many early ranch homes, many built of native Austin stone. My favorite street in Dallas is Tokalon, which meanders down to the lake as beautifully as it curves, and don’t get me started on the hills!

Besides great public schools, Lakewood has trendy shops, bars, and restaurants: Mi Cocina is moving in next to the landmark 1938 Lakewood Theater, designed by architect John Eberson and accented by a 100-foot, red, green, and blue Art Deco tower. There’s Penne Pomodora, Times ten Cellars, Whole Foods, everything.

Many people get starter homes in the peripheral areas like Lochwood, Caruth Terrace, Hollywood Heights or the M Streets and then move up to Lakewood when they can. It’s close in, you’ve got the lake, country club, great schools, its Austin in Dallas, said Dave Perry Miller agent Chris Hickman.

And here’s a Scott Jackson listing for $729,000 in Lakewood proper that typifies what Lakewood real estate is all about!

 

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Candy Evans

A real estate muckraker, Candy Evans is one of the nation’s leading real estate reporters. She is also the North Texas real estate editor for Forbes.com, CultureMap Dallas, Modern Luxury Dallas, & the Katy Trail Weekly. Candy has written for Joel Kotkin’s The New Geography, Inman Real Estate News, plus a host of national sites. Constantly breaking celebrity real estate news, she scooped former president George W. Bush's Dallas home in 2008. She is the founder and publisher of her signature CandysDirt.com, and SecondShelters.com, devoted to the vacation home market. Her verticals have won many awards, including Best Blog by the venerable National Association of Real Estate Editors, one of the nation’s oldest and most prestigious journalism associations. Candy holds an active Texas real estate license but does not sell. She is on the Board of Directors of Braemar Hotels & Resorts (BHR).

Reader Interactions

Comments

  1. Larchwood Resident says

    Candy,

    Lakewood is a nice neighborhood and the DISD schools that serve it do a commendable job. However, Richardson ISD routinely outperforms DISD, hence one of the major selling points and advantages of Lake Highlands to the north. Yes, LH has some ratty apartments and, yes, the towncenter has yet to take shape (thus limiting the amount of true neighborhood shopping and dining), but, take a look at the real estate market there sometime. On fire! Teardowns continued to occur right on through the "great recession" and continue today. However, there are still affordable homes there. More and more young families are moving back in and sending their kids to the LH schools. It's 15 minutes to downtown and 5 minutes to the lake. I'd love to see you talk about this area next…

  2. Larchwood Resident says

    Candy,

    Lakewood is a nice neighborhood and the DISD schools that serve it do a commendable job. However, Richardson ISD routinely outperforms DISD, hence one of the major selling points and advantages of Lake Highlands to the north. Yes, LH has some ratty apartments and, yes, the towncenter has yet to take shape (thus limiting the amount of true neighborhood shopping and dining), but, take a look at the real estate market there sometime. On fire! Teardowns continued to occur right on through the "great recession" and continue today. However, there are still affordable homes there. More and more young families are moving back in and sending their kids to the LH schools. It's 15 minutes to downtown and 5 minutes to the lake. I'd love to see you talk about this area next…

  3. LakeWWWooder says

    Yes, I know it's very hard to cram an explanation of Lakewood into five minutes – or really into five hours. Throw greater East Dallas into the mix and all the schools and you might need five years. A lot of people seem to think they can make a quick judgment on the area but it's not as simple as other neighborhoods or suburbs – it's grown organically over 100 years or more. It's a small town really, but there are a lot of new people!

    Let's not forget Blue-Ribbon Lakewood Elementary, which is really the home school for Lakewood Proper and Hollywood Heights – also areas north of Mockingbird such as University Terrace. Now there's another good place for starter homes – late 50s early 60s ranch styles. J. L. Long Middle School and Woodrow Wilson High are actually IN the Lakewood Elementary attendance zone: http://www.dallasisd.org/cms/lib/TX01001475/Centricity/Domain/89/schoolinfo/eszones2011/Lakewood2011.pdf

    Another good starter home area in Junius Heights Historic District, which This Old House Magazine praised as the best place for families to buy. They specifically mentioned the schools – Lipscomb Elementary (exemplary, recognized) serves the district. It is exploring application for IB PYP (International Baccalaureate Primary Years Programme) as Woodrow is an IB World School and J. L. Long is a candidate school for IB MYP (Middle Years Programme) and is already offering the curriculum. The principal, Jessica Linwood, was previously over the IB Academy at Woodrow.

    There are some great bargains in JH but you will probably have to do a lot of work on them – if you like Craftsman Bungalows, this is the place for you. There are also some brick eclectic tudors and other styles between Gaston and Junius St. Junius Heights is adjacent to the larger Munger Place tw0-story Prairie Foursquare homes and the mansions of Swiss Avenue.

  4. LakeWWWooder says

    Yes, I know it's very hard to cram an explanation of Lakewood into five minutes – or really into five hours. Throw greater East Dallas into the mix and all the schools and you might need five years. A lot of people seem to think they can make a quick judgment on the area but it's not as simple as other neighborhoods or suburbs – it's grown organically over 100 years or more. It's a small town really, but there are a lot of new people!

    Let's not forget Blue-Ribbon Lakewood Elementary, which is really the home school for Lakewood Proper and Hollywood Heights – also areas north of Mockingbird such as University Terrace. Now there's another good place for starter homes – late 50s early 60s ranch styles. J. L. Long Middle School and Woodrow Wilson High are actually IN the Lakewood Elementary attendance zone: http://www.dallasisd.org/cms/lib/TX01001475/Centricity/Domain/89/schoolinfo/eszones2011/Lakewood2011.pdf

    Another good starter home area in Junius Heights Historic District, which This Old House Magazine praised as the best place for families to buy. They specifically mentioned the schools – Lipscomb Elementary (exemplary, recognized) serves the district. It is exploring application for IB PYP (International Baccalaureate Primary Years Programme) as Woodrow is an IB World School and J. L. Long is a candidate school for IB MYP (Middle Years Programme) and is already offering the curriculum. The principal, Jessica Linwood, was previously over the IB Academy at Woodrow.

    There are some great bargains in JH but you will probably have to do a lot of work on them – if you like Craftsman Bungalows, this is the place for you. There are also some brick eclectic tudors and other styles between Gaston and Junius St. Junius Heights is adjacent to the larger Munger Place tw0-story Prairie Foursquare homes and the mansions of Swiss Avenue.

  5. Pam Nelms says

    Take a look at 7170 West Circle and let's talk about a great ranch style homes on 1/2 acre
    with solar panels that heated and cooled 4200 sf last year in the killer heat & cold for
    $2,500. Always love your comments!!! Loved seeing you at Bolsa last week Candy!

  6. Pam Nelms says

    Take a look at 7170 West Circle and let's talk about a great ranch style homes on 1/2 acre
    with solar panels that heated and cooled 4200 sf last year in the killer heat & cold for
    $2,500. Always love your comments!!! Loved seeing you at Bolsa last week Candy!

  7. Bcrawford says

    Lakewood Rocks! We have owned homes in Country Club Estates and Hollywood-Santa Monica. You can't beat the character, charm, and neighbors. Although some people see teardowns as a positive, I prefer Conservation Districts that encourage home owners to remodel and preserve the great homes built here in the 1930's. Plus, I do not have to worry about some McMansion being built next door to me.

  8. Bcrawford says

    Lakewood Rocks! We have owned homes in Country Club Estates and Hollywood-Santa Monica. You can't beat the character, charm, and neighbors. Although some people see teardowns as a positive, I prefer Conservation Districts that encourage home owners to remodel and preserve the great homes built here in the 1930's. Plus, I do not have to worry about some McMansion being built next door to me.

  9. JLDHomes says

    Candy, great info on Lakewood and the surrounding areas! Now you gotta see the latest and greatest 4/3 E-Star (HERs 55) 3400+ sf Hill Country style home just finished in Lakewood! Sits on over 1/3 acre with front and rear driveways! Huge master with a closet the size of a befroom! And the trees…,6911 Gaston Ave.

  10. JLDHomes says

    Candy, great info on Lakewood and the surrounding areas! Now you gotta see the latest and greatest 4/3 E-Star (HERs 55) 3400+ sf Hill Country style home just finished in Lakewood! Sits on over 1/3 acre with front and rear driveways! Huge master with a closet the size of a befroom! And the trees…,6911 Gaston Ave.

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