Tuesday Two Hundred: 1960s Condo ‘Behind the Pink Wall’ Is Flashback to Elegant Era

As we wrote about last year, the intersection of Preston and Northwest Highway is one of the highest-profile in all of North Dallas (and probably one of the highest-valued, too).

It’s not just the current real estate prices of Preston Hollow that give this area its prestige—the intersection has a fascinating history.

The northeast quadrant has a wavy, pink brick wall, and to live “behind the pink wall” was an address with serious social cachet in midcentury Dallas (legend has it Ebby Halliday herself coined the phrase).

The pink wall was built in 1954 by developer Hal Anderson in front of his first apartments; he later built the high-rise Athena and Preston Tower apartments next door. Parts of the wall might be a bit faded now, but to live here in the 1950s or 1960s was to have arrived. (You’ll likely get raised eyebrows if you talk about the real estate “behind the pink wall” to a young person, but older folks will remember the phrase well.)

Today’s Tuesday Two Hundred takes us one block north to 6126 Averill Way #208W, located in the Imperial House Condominiums, built around the same time, 1964, by Sid and Ada Lynn, with George Dahl as architect. These charming French-style condos have a fanciful, throwback feel, with a grand, circular staircase, domed ceiling, and retro metalwork in the entryway. Can’t you picture Betty Draper from Mad Men gliding down the stairs in kitten heels on her way to cocktail hour?

6126 Averill

Unit 208W is located on the second floor (there is an elevator in the building, as well as those stairs), a two-bedroom, three-bathroom condo with a roomy 2,134 square feet. It is newly listed by Peter Livingston at Realty One Group Partners for $239,000, or $112 a square foot.

Unit 208W has plenty to offer a buyer, but parts of it are a bit dated need freshening. A similar size, but renovated, unit in Imperial House sold last November for $345,000, or $139 a square foot. If that sale tells you anything, it’s that you could make the upgrades on this unit and see a return on your investment. Jump to read more and see photos!

6126 Averill

6126 Averill

The central courtyard and swimming pool are beautifully maintained and look like a lovely respite for hot summer days (or these balmy February days of late. Hey, it’s Texas.). These common areas are maintained through mandatory HOA fees, which run $1,053 per month, but the fees include all utilities. This is also a gated community, which offers additional security for the residents.

6126 Averill

6126 Averill

6126 Averill

Now let’s go inside and check this place out. Like many properties of this era, this condo has a more structured, formal layout, with an entryway hall and a separate dining area. I love details like the compass-style front door and marble floors.

6126 Averill

Just off the entryway is the main living area, measuring 24-by-14, with original parquet hardwood floors, dentil crown molding, built-in cabinets, and an entire wall of built-in bookshelves.

6126 Averill

6126 Averill

A wide doorway separates the living room from the formal dining room, which measures 20-by-12 and has a recessed ceiling, chair rails, ceiling fan, and built-in cabinets. What a perfect space for a dinner party.

6126 Averill

6126 Averill

The formal dining room leads to the galley kitchen, which measures 13-by-8 and is pretty dated. But the bones are there for this to be renovated, and it has built-in cabinets and a butler’s pantry.

6126 Averill

6126 Averill

A breakfast area can be closed off from the kitchen with a swinging door, and it has plantation shutters and measures 8-by-7.

6126 Averill

A nearby powder room is convenient for guests and has marble counters, lots of cabinet space, and some vintage-feeling wallpaper I like quite a bit.

6126 Averill

The master bedroom has the same dentil molding as the living room, as well as a large walk-in closet. It measures 17-by-15. The ensuite master bathroom has marble counters and floors, recessed lighting, a garden tub, and double sinks.

6126 Averill

6126 Averill

The second bedroom, which is being used as an office, has parquet hardwood floors, plantation shutters, and measures 16-by-12.  The bathroom has recessed lighting, marble counters,

6126 Averill K

6126 Averill

Thus condo has tons of closet space. But as a bonus, there’s a secure storage area that measures 17-by-9 for anything that you don’t want to keep in the closets.

6126 Averill

With over 2,000 square feet in the $200K range, and such a storied location, I think this is a find. Can you see yourself living here? Let us know what you remember about the area “behind the pink wall” or what you think of this condo in the comments!

 

 

9 Comment

  • LOVE THIS PLACE!!!
    What a bargain (although the HOA did cause a slight palpitation)
    Other than the kitchen, it really appears as though little needs to be upgraded!
    Great find!!!

  • mm

    Yes, I heard about that almost lawsuit? Tell us more! Have things settled?

  • All is well at the Imperial House! The ownership has been though several challenges and exercises over the past several years and is now moving forward with plans to do major common element updates and maintenance. Now is the time to buy at the Imperial House, as it is my estimation that the amazing under market values will cease once the investment is made. It is my understanding that the frivolous lawsuit has been settled and the HOA and its owners are together and moving on.

    Candy, thanks so much for the beautifully executed story on your blog. I double thank you for bringing your fresh dimension to the Dallas Real estate market! J. Pete Livingston

    • I wonder how much HOA would increase (beyond merely utility increase) for the investment recoup?

      • There are numerous options for the Imperial House owners, it is my understanding they are investigating all. There are good 6 figure reserves on hand today.

  • My parents graduated from college in the late 1950’s and moved to University Park and still to this day love to tell the stories about how “unfashionable” they were because they lived in the “middle class” area of town, because all the glamorous people were moving “behind the pink wall”–love it! I just moved to Dallas two years ago, and my mom came into town to show me around. Her tour included the now-faded pink wall!

    • My great aunt Genevieve lived at the Imperial House in unit 101 West from 1969 to 1977, paying $1200 per month rent. When the IH was condo-ed in 77 the price on that unit was $125,000, my aunt moved to the Royal Arms where she purchased for 50K. Amazing when you you compare those dollars to today. That Imperial House unit should be worth a million!

  • I think at this price, it is the perfect investment. The bones are there just need about 50-100k to get a high quality renovation done and you would see a return on the investment on the mid to long term. Wish there was a floor plan on this one. Id probably gut everything and go mid century/moderne luxe on the interiors. The common areas still look pretty good but im just thinking bringing in someone like Kelly Wearstler could really transform the common spaces and make them more appealing to the empty nester well traveled higher end crowd this area attracts (first thing to go is the awning walk way and some more in line with the style of the building).