The luxury housing market in Dallas is hotter than a pistol. According to the 2017 Texas Luxury Home Sales Report released by the Texas Association of Realtors, luxury home sales jumped almost 20 percent in 2017 with a total sales dollar volume of 7.5 billion.
From October 2016 to November 2017, Texas luxury home sales jumped to 4,622 sales, making luxury home sales the smallest but fastest-growing segment of the Texas housing market in 2017.
So, you should not be surprised that our Inwood Home of the Week, a gorgeous modern Italian Renaissance at 3428 Purdue Ave. in University Park, is already under an active option contract. Regardless, we had to show it to you, because it’s indicative of what is flying off the market and why.
People want a specific look and particular amenities today. This modern Italian Renaissance home encapsulates every item on the wish list of a luxury home buyer, and a great builder is at the top of the list.
Mark Molthan of Platinum Series Homes is the genius behind this beauty. Why aren’t we surprised? Molthan regularly builds homes that make our hearts, as well as Jordan Speith’s and Tony Romo’s, skip a beat — both live in Molthan-designed homes. He understands luxury building and precisely what luxury buyers want.
They want space and this modern Italian Renaissance boasts 5,119 square feet, five bedrooms, five bathrooms, a powder bath, and one of the largest master closets we’ve seen lately.
“It’s as big as a bedroom,” Dave Perry-Miller Real Estate listing agent Martha Tiner said. “I dream about that closet.”
There’s a guest room on the first floor which seems like a no-brainer, but you’d be surprised how many new homes don’t have that all-important feature.
Today’s luxury buyer also wants an inviting and warm home that is not just a white box. Dark hardwood floors and rustic beams in the family room and kitchen create a cozy intimacy.
Attention to detail is another factor that makes people snap up a luxury home. Check out the ceilings in this modern Italian Renaissance. “Every room has been done with creativity and beauty,” Tiner said. “Each ceiling has incredible detail, and the mouldings are beautiful. Even the wall by the stairs has moulding, and by the way, it has a hidden closet. The details in this house pushed it over the top,” Tiner said. “It has all the bells and whistles, from tankless water heaters to mosquito screens.”
And let’s not forget it also takes a great agent to get a home in front of the right buyers — fast. Tiner put this $2.134 modern Italian Renaissance home in MLS last Friday. “We had two showings that day, three or four on Saturday, and a contract Saturday.”
This one may be a wrap, but we bet if you give Tiner a call and let her know what you’re looking for, she’ll find you a home in a hot minute.
Karen Eubank is the owner of Eubank Staging and Design. She has been an award-winning professional home stager for more than 25 years and a professional writer for 20 years. Karen is the mother of a son who’s studying music at The University of Miami. An ardent animal lover, she doesn’t mind one bit if your fur baby jumps right into her lap. Find Karen at www.eubankstaging.com