Acre's New High: After 2.5 Years on Market, Park Lane Lot Finds Happy Buyer
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Get out your pens, folks, here is another market bellwether: 5020 Park Lane. On the market for 2.5 years. Could be because the seller listened to her psychic, not her trusted agent, when it came to pricing and set the price for the 1.12 acre lot at $3,595,000 and launched the listing when Mercury was leaving retrograde.
When she finally opened her ears, along came a buyer who sat down beside her after her agent whispered $1.8, baby, $1.8.
And then, cha-ching.
Sets a new high for acres, because even though there is a 3074 square foot ranch home on this lot, the value is in the dirt.
This is in chi chi Sunnybrook Estates, where Rachael Dedman built an 18,392 square foot mansion on 4.14 acres that DCAD has valued at more than $10 million. Tony Visconti has a magnificent mansion going up on a prime DeLoache lot that should be north of $12 million when complete. And the mansions, they just keep on coming… no matter where Mercury is dancing.
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With all those trees, I'd love to see something with tons of floor-to-ceiling windows. Maybe a home similar to Josy Cooner-Collins' 8205 Forest Hills Blvd.
With all those trees, I'd love to see something with tons of floor-to-ceiling windows. Maybe a home similar to Josy Cooner-Collins' 8205 Forest Hills Blvd.
That seems about right. Land in this area of Dallas goes for between $ 1 and $ 2 Million/acre.
Generally the most valuable residential land in Dallas straddles Inwood Rd.
(I call it the Inwood Corridor) Inwood Rd. west 1 mile to Midway and Inwood Rd. east 1 mile to Tollway.
That seems about right. Land in this area of Dallas goes for between $ 1 and $ 2 Million/acre.
Generally the most valuable residential land in Dallas straddles Inwood Rd.
(I call it the Inwood Corridor) Inwood Rd. west 1 mile to Midway and Inwood Rd. east 1 mile to Tollway.
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