Lake Ridge Community

I’ve found a unique and exceptional luxury home in the gated Lake Ridge Community of Cedar Hill, just 15 minutes southwest of downtown Dallas. Lake Ridge is a 3,400-acre master-planned community of lots with acreage. A serene and tranquil setting suffuses the property, which sits on over an acre and backs up to the 165-acre Valley Ridge Park. It is just two blocks from the exclusive Tangle Ridge Golf Course and minutes from Joe Pool Lake and Cedar Hill State Park. Outdoor living takes on a glorious scale here.

The Mediterranean lines on the home at 1626 Pebble Beach Ln. are complemented inside by soaring ceilings and windows, a domed office, and Travertine flooring. The palatial entryway is two stories high and features a dramatic winding staircase — you’ll make an entrance here every time you arrive home!

Every detail was considered in this spacious property, with 7,225 square feet on two stories and five bedrooms, located in different wings of the house and each with its own ensuite bathroom. Privacy is ensured. But it’s also created for entertaining, with a partially open floorplan, three living areas, a formal dining room with butler’s pantry, an upstairs game room adjacent to the theater-style media room with a wet bar, workout room, and a study. There’s even a wine cellar on the first floor.

This dramatic and impressive house is listed by broker Thelma Goldman, owner of Goldman and Associates for $899,000. There’s an open house this Saturday, May 13, from 2-5 p.m. with champagne and hors d’oeuvres. Let’s take a look before someone snatches it up!

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Lake Ridge Estates

Color can be a beautiful thing. We’re often told to repaint our homes to a neutral palette when selling to appeal to as many buyers as possible. But some sellers buck that trend and keep the varied hues in their house. The results can be memorable.

Our Thursday Three Hundred will color you happy with its navy blue living room, sage green kitchen, bright bedrooms, and stripes on some walls and ceilings. It even has vintage lavender tiles in one bathroom.

Located at 9847 Shoreview Rd. in Lake Highlands’ Lake Ridge Estates, this property exudes personality and style with three bedrooms, two bathrooms, and 1,704 square feet on one story, built in 1958. No one who visits this house will get it mixed up in their memory with another.

Of course, there are lots of other selling features, like hardwood floors in the common areas and bedrooms, slate tile in the kitchen, an updated kitchen with gorgeous granite countertops, recent HVAC replacement, and a fantastic location near Northwest Highway and Audelia Road. It’s a hop, skip, and jump from the north shores of White Rock Lake and Flag Pole Hill. Bonus: it’s in the attendance zone for Hexter Elementary, which earns a “9” out of 10 from greatschools.org.

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9229 Ferndale Front

Cute and sweet from the curb, this 1958 traditional ranch packs quite a punch once you walk inside. Truly, this is one of those homes where you take notes on the remodeled spaces, as the sellers have really made the most of every square inch of this beautiful Lake Ridge Estates house.

Not only that, but it’s on one of the best streets in the neighborhood — Ferndale Road — and is inside Richardson ISD. Jump for more on this adorable home from Nathan Grace agent Amy Timmerman of PickaPerch.com.

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dEION'S NEW lAKE rIDGE PAD

We don’t know where, and we are not sure if this is a permanent home, but we know that after Deion moved all that stuff out of 1280 Preston Road in Prosper, he had to go somewhere. And go somewhere he did indeed, to the exclusive Lake Ridge, a hilly 3,600-acre development along Joe Pool Lake on the west side of Cedar Hill, 3.5 miles west of Highway 67.

First developed in 1994 by Bluegreen Communities, the one-time ranch land became a lakeside mecca for Dallas’ elite looking for spectacular views and rolling hills. In 2012, SouthStar Communities bought Lake Ridge from Bluegreen Communities. Now, SouthStar has commenced on the final gated neighborhood of Lake Ridge,The Sanctuary. Former Dallas Cowboy Linebacker Dexter Coakley lives there, as do a number of pro athletes and others who want space inside and out, as well as tree-filled rolling hills. (more…)

Former Dallas Cowboy Linebacker Dexter Coakley loves living in Lake Ridge, a hilly 3,600-acre development along Joe Pool Lake on the west side of Cedar Hill, 3.5 miles west of Highway 67.

First developed in 1994 by Bluegreen Communities, the one-time ranch land became a lakeside mecca for Dallas’ elite looking for spectacular views and rolling hills. In 2012, SouthStar Communities bought Lake Ridge from Bluegreen Communities. Now, SouthStar has commenced on the final gated neighborhood of Lake Ridge, The Sanctuary.

Located on the shores of Joe Pool Lake, The Sanctuary boasts a gated lakeside paradise with half- to 1-acre homesites ready for a custom dream home. And SouthStar is starting the new year off with a bang, offering homesites in this gated lake neighborhood for as low as $49,900. Even the coveted lakeside sites, allowing walking access directly to the water, are on sale for a limited time starting at just $99,000. It’s an amazing time to buy land now and plan your lakeside dream home.

Lake Ridge is the only place in North Texas where you are truly mid-city — you can have views of downtown Dallas and Fort Worth at the same time, not to mention take a gander at Cowboys Stadium. Unlike many developed communities with cutely spun names, Lake Ridge is actually on a lake, even on a ridge. The 800-foot elevation on the hilltop provides striking views of nearby Joe Pool Lake, downtown Fort Worth, and Tangle Ridge Golf Club. Within the community are the 154 rolling acres of Valley Ridge Park, with sports fields, playgrounds, and walking and biking trails. And all this natural beauty is just a 20-minute drive from downtown Dallas.

Which is what drew Dexter Coakley and his family.

“My wife is from Austin,” says the former pro player. “Lake Ridge reminds me of those Hill Country hills and landscapes you don’t get in flatter parts of Texas. Plus there are bigger lots, where you can enjoy all your toys.”

It’s true: The lots are huge in Lake Ridge, most averaging over one acre per homestead. And the homes are large, too, with a minimum square footage requirement of 2,200. Most are far bigger: one empty-nester couple built an 18,000-square-foot home. Sam Putney’s Lake Ridge home, before he sold it, weighed in at 9,202 square feet. And that home was loaded!

Less than 100 homesites are left to sell out of those 2,600 original homesites. The Summit, which is at 800 feet elevation, has only 13 lots left. Coakley notes the large volume of homes sold already, and that buyers can use the custom builder of their choice, which keeps the development from looking too cookie-cutter. Still, there are only 23 homes on the market out of the 1,300 currently built in Lake Ridge.

We are seeing construction, he says; people are buying and building. Not just average homes, but 7,000-square-foot-plus houses. New retail and restaurant is also coming to nearby shopping centers, all positive signs that there is a lot of life after foreclosure.

The Coakleys could have lived, well, anywhere.

They were living in Coppell when Dexter was drafted by Dallas. He and his wife looked at Starwood in Frisco, but wanted more bang for their buck and more property. They had never been in Cedar Hill. Their Realtor took them out to Lake Ridge, and Coakley was “wowed.” He wanted a few acres and to take his sweet time building, which they did. Buying the property in 1999, they didn’t build until 2004, completing their five-bedroom, eight-bath, 7,000-square-foot-plus home with basketball court and pool in 2005, while he played for the Rams. In fact, it wasn’t until 2007 they got to finally move in.

“I was itching to get back to the house and that land when I was in St. Louis,” he says. “I guess we caught the market just right.”

Coakley says his family is 20 minutes from both downtown Dallas and Fort Worth, 20 minutes from Cowboy Stadium and Dallas/Fort Worth International Airport. They like the central location while being away from what he calls the “hustle and bustle,” yet still keeping an eye on it. This July 4, his family watched fireworks from five communities in their backyard.

“I lived that crazy lifestyle, crowded restaurants, waits and traffic when I was in the NFL,” says Coakley. “Now I want to come home and enjoy life.”

Come out here, says Coakley, you might fall in love with the hills and never want to go back.

At least, that’s what happened with Duane Dankesreiter, the vice president of information and research at the Greater Dallas Chamber of Commerce. He and his wife remodeled a beautiful home in Lakewood, but as their family expanded, so did their need for square footage. Though the Dankesreiters loved Lakewood and “in the loop” living, and though Duane worked in downtown Dallas, they sold their home in Lakewood and found what was, to them, practically a mansion: a 4,000-square-foot home on an acre of land in Lake Ridge near Joe Pool Lake.

“We have room for gardens,” Dankesreiter told me.

Heck, they have room for ponies!

More about Lake Ridge

Established: In 1994, Bluegreen Communities developers acquired the one-time ranch land.

Location: 
Along Joe Pool Lake on the Grand Prairie/Cedar Hill border, 3.5 miles west of Highway 67 off Belt Line and Mansfield Road at the corner of Lake Ridge Parkway

Population/Size:
 1,300 homes completed or under construction

Average Home Price: 
$500,000 to $800,000

Lot Value: 
$50,000 to $500,000

Average Home Size: 
3,500 square feet to 4,000 square feet

Average Lot Size: 
1 to 2 acres

Local Haunts: 
Nearby Cedar Hill is home to many a big-box retailer and the beautiful outdoor shopping center of Uptown Village. The new Paragon Outlet Center in Grand Prairie is 10 minutes away. Sam’s Pizza & Pasta is an unassuming local pizza joint that serves unmatchable flavor straight out of the oven. For Mexican, head to Campuzano’s or the Veracruz Cafe.

Who’s Buying: 
Young families and retirees, who are tired of heavy traffic and being right on top of their neighbors, are moving in.

Schools: 
Cedar Hill and Midlothian school districts, or home schooling. There are also several notable private schools nearby where many residents send their children, such as Trinity Christian School, The Oak Ridge School, and Ashley’s Private School.

Former Cowboy Linebacker Dexter Coakley loves living in Lake Ridge, a hilly 3600 acre development along Joe Pool Lake on the west side of Cedar Hill, 3.5 miles west of Highway 67. In 1994, Bluegreen Communities acquired the one-time ranch land and opened it to builders. Said to be the only place where you are truly mid-city — you can have views of downtown Dallas and Fort Worth at the same time, not to mention Cowboy Stadium and the lake. Unlike many developed communities with cutely-spun names, Lake Ridge is actually ON a lake, on a ridge. The 800-foot elevation on the hilltop provides views of Joe Pool Lake, downtown Fort Worth, and Tangle Ridge Golf Course. Within the community are the rolling acres of Valley Ridge Park, with sports fields, playgrounds, and walking and biking trails. Lots range from a bargain basement low of $29,900 to half a million dollars, sold directly to the consumer. And all this natural beauty is just a 20-minute drive from downtown Dallas.

Which is what drew Coakley and his family.

“My wife is from Austin,” says the former pro player. “Lake Ridge reminds me of those Hill Country hills and landscapes you don’t get in flatter parts of Texas. Plus there are bigger lots, so you can enjoy all your toys.”

The lots are huge in Lake Ridge, most averaging one to three acres per homestead. And the homes are large, too, with a minimum square footage requirement of 2200. Most are far larger: one retired couple built an 18,000 square foot home. Sam Putney’s Lake Ridge home, before he sold it, weighed in at 9202 square feet. (And that home was loaded!)

former Putney home

But you cannot write a story about Lake Ridge without scouring her past: this area was once referred to as the foreclosure capital of North Texas.

The neighborhood, like most after the real estate market fell out, suffered from foreclosures. At one point, back in 2009, renters were living in million-dollar Lake Ridge homes for less than $1,000 per month. It wasn’t only in Lake Ridge — this happened everywhere. Some areas, such as the Singing Hills subdivision in southeast Oak Cliff, also became a prime target for fake rental scams: unscrupulous people leasing homes they had no ownership in to renters.  When the home entered foreclosure, these scammers filed an appeal bond, delaying the court’s foreclosure process for 30 to 60 days or longer. Then, with the case tied up, the scammers used that time to change the door locks and seek “tenants”, collecting rent until the homeowner, real estate agent or authorities got wise. In the first half of 2008, Lancaster, DeSoto, Duncanville and Cedar Hill had more than 900 foreclosures.

Lake Ridge, perhaps because of its large homes, had no higher of a foreclosure rate than most mass developments: 60 homes out of 2600 were lost in foreclosure, like .2 percent. But for some reason, those measly foreclosures at Lake Ridge captured media attention like a big scarlet “A”.

But if Lake Ridge once had a “foreclosure reputation,” it is quickly gaining a new rap: it’s the new poster child of foreclosure success. I was curious to see what was going on out there, so I drive out a few days ago, bracing myself to see empty homes, rotting bulldozers, all those elements of construction standing still.

Saw none of it. In fact, Lake Ridge is doing surprisingly pretty darn well. Fewer than 200 homesites are left to sell out of those 2600 homesites. The Summit, 800 feet elevation, has only 13 lots left. And all those homes shown on the news as “foreclosures” back in 2008 and 2009 now having families living in them. The rent check scammers — gonesville.

I’m not saying this is all real estate nirvana.

“I’m not sure we’ll ever get back to those good times in 2005,  2006, where you could flip homes and make money overnight, ” says Coakley. “Appreciation is not going to happen even in a year or two. We need to go back to thinking long term. My family is young, and  I’m willing to give it at least ten years.”

Coakley notes the large volume of homes sold already, the way buyers can use the custom builder of their choice, which keeps the development from looking too cookie-cutter.

We are seeing construction, he says: people are buying, building. Not just average homes, but  7000 square foot plus. New retail and restaurant is also coming in to nearby shopping centers, all positive signs that there is a lot of life after foreclosure.

The Coakleys could have lived, well, anywhere.

They were living in Coppell when Dexter was drafted by Dallas. He and his wife looked at Starwood in Frisco, but wanted more bang for the buck and more property. They had never been in Cedar Hill. Their Realtor took them out to Lake Ridge, and Coakley was “wowed”. He wanted a few acres and to take his sweet time building, which they did.  Buying the property in 1999, they didn’t build until 2004, completing their 5 bedroom, 8 bath, 7,000 square foot plus home with basketball court and pool in 2005, while he played for the Rams. In fact, it wasn’t until  2007 they got to finally move in.

“I was itching to get back to the house and that land when I was in St Louis,” he says. “I guess we caught the market just right.”

Coakley says his family is 20 minutes from both downtown Dallas and Fort Worth, 20 minutes from Cowboy Stadium and DFW. They like the central location while being away from what he calls the “hustle and bustle”, yet still keeping an eye on it. This July 4, his family watched fireworks from five communities in their backyard.

“I lived that crazy life style, crowded restaurants, waits and traffic when I was in the NFL,” says Coakley. “Now I want to come home and enjoy life.”

Come out here, says Coakley, you might fall in love with the hills and never want to go back.

Ridgewood Park

On the west side of White Rock Lake is a cozy, established neighborhood called Ridgewood Park. Our Thursday Three Hundred is situated in the heart of the area, steps away from Ridgewood Park and the newly completed Katy Trail extension. It’s a short drive from White Rock Lake and all of the amenities of East Dallas.

Located near E. Lovers Lane and Abrams Road, the cottage at 6546 Axton Ln. is charmed and welcoming. It has two bedrooms, two bathrooms, and 1,385 square feet on one story, built in 1954.

It just went on the market a few days ago, beautifully staged and move-in ready. Let’s take a look before a buyer swoops in and makes an offer.

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Lake Cliff Tower Condo

If you’ve driven past this building in North Oak Cliff a hundred times and wondered what it’s like inside, then today’s Thursday Three Hundred will satisfy your curiosity. This is a rare corner unit in Lake Cliff Tower in North Oak Cliff, with sweeping downtown and Calatrava bridges views and lots of updates.

Located at 329 E. Colorado Blvd. Apt 705 on the northeast corner of East
Colorado and Zang boulevards, this condo has two bedrooms (dual master suites), two full bathrooms and a half bathroom, and 2,030 square feet, built in 1929. This is a historic building with so much character—look at that beautiful masonry!

Lake Cliff Tower was totally overhauled in 2005-2006, and is about a mile from Downtown Dallas on the Houston Street viaduct over the Trinity River. This is the gateway to North Oak Cliff. Every unit has a permanently unobstructed views of the lake or downtown, and the building sits one block from the Trinity River Corridor Project, which includes over $1.25 billion in area improvements, like new roads, hike-and-bike trails, wetlands, and lakes and new park and recreation facilities.

This unit was listed April 28 by Ged Dipprey with Dave Perry-Miller Real Estate for $399,900. Monthly HOA dues are $913.

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