Tucked behind the guarded gates of Chateau Du Lac in Flower Mound, this pristine abode radiates grandeur and elegance from the moment you pull into the driveway. Let the maze-like gardens before the front door transport you to the lavish French countryside, where the smell of lavender always lingers. With a few trips to the market, your new home can be known for this enchanting aroma, too, which is highly appropriate since you’ll be living in lovely Flower Mound.

To let you in on a little secret, Flower Mound is the new “it” spot everyone is house hunting in, and this property is the ultimate gem. Voted the Safest Texas City with a Population over 50,000, Flower Mound is a beautiful place to live with tons to do. People are gravitating to the area for its idyllic landscape and easy commute to both Dallas and Fort Worth, and chic restaurants and stores are pouring in, too.

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The sprawling 35,000-square-foot estate at 5101 Kensington Court in Flower Mound, which is listed by Rogers Healy for $9,900,000 is truly a Player’s Paradise. Driving up to the heavily-treed estate, you’ll find two private ornate iron gates to the property, one that leads to the main home with a rock pond water feature and one to the basketball court and sports entertainment complex.

Yes, this Flower Mound manse has a sports entertainment complex. But first, the amazing house.

This French provincial style estate has ornate touches throughout the seven-bedroom home, like the decorative tile inlay as you walk in, the quadruple tray ceiling in the master bedroom and the custom painted mural on the living room ceiling.

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On the north shores of Grapevine Lake, I’ve discovered an elegant Flower Mound waterfront home sitting on just over 1 acre. This beauty was recently reimagined and we’re going to be there July 14!  

Earlier this week, I wrote about the first property of our progressive staff party, the massive Chateau Du Lac mansion at 5905 Giverny. Now it’s time to talk about the second fabulous house, just 1.6 miles away. 

Located at 1200 Noble Way, this rare find will be offered at auction next month with no reserve by Elite Auctions. It is entirely updated with an on-trend color palette and transitional feel. It offers 7,993 square feet on two stories with a four-car garage, five bedrooms, five living areas, hardwood floors throughout, and over 5,000 square feet of outdoor living that feel like a resort. There’s even a six-hole golf green with three tee area and sand trap. 

Our staff party will take place from 1 to 4 p.m. on Saturday, July 14, and you can RSVP here. In the meantime, let’s take a look.

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Training Room KW

That’s a lot of seats, but I’m told each and every one will be filled up in Flower Mound when I spend a few hours chatting at the KW Office Kickoff Meeting that will be held at KW’s Flower Mound home on January 12th, this Thursday. 

Pam Cottrell

Pam Cottrell

Team leaders Anne Lakusta  and Pam Cottrell booked me several weeks ago to talk and inspire about all things real estate at the first meeting of the year with more than 200 agents present!  

My agenda: trends, hot news, gossip. Where our market is headed. So easy, so fun.

Super duper hope to see you there!

RhodesTeam_2016_small

With a purchase price rumored (but not substantiated) to be in the seven figures, Berkshire Hathaway HomeServices PenFed Realty Texas has purchased a Flower Mound powerhouse agent and associates, all formerly of Keller Williams’s Preston Road office in Plano.

Russell Rhodes, one of the five top producing Keller Williams agents in the world for the last ten years, his 15 associate agents and 12 administrators, are now a part of the Berkshire Hathaway HomeServices brand.

Rhodes’ Dallas-Fort Worth based team generated $196 million in sales volume last year. 

Here is an example of how hard charging the Rhodes team is: of the 526 homes they sold last year throughout the DFW Metroplex, 322 were repeat client or past client referrals to Russell and his team.

To put this in another perspective, it would take a sweet deal to leave Keller Williams when you are pumping out that kind of sales volume. Which the Rhodes team apparently got. Keller Williams is known as having one of the most generous splits — that is, sharing of the commission with the broker — in the business. Every agent starts on a 70/30 split: 70% for the agent, 30% for Keller Williams. But by the time your 30% to KW reaches a certain level (about $23K in Dallas), you are “capped” and you get to keep 100% of your commission for the remainder of your fiscal year. With $196 million in sales, the Rhodes team met their cap way back during covered wagon days. Thus Rhodes left a 100% commission structure with Keller Williams to join Berkshire Hathaway Home Services PenFed.

Please note, Berkshire Hathaway HomeServices PenFed is NOT the same group that bought out Allie Beth Allman & Associates last year. It is like a cousin. The BHHS PenFed Realty is a franchise of Berkshire Hathaway HomeServices, part of the HSF Affiliates LLC family of real estate brokerage franchise networks, and is a wholly owned subsidiary of Pentagon Federal Credit Union, the third largest credit union in the US. (USAA is a competitor.) Previously an affiliate of the Prudential Real Estate network, the company changed its affiliation to Berkshire Hathaway HomeServices in November, 2014.” 

PenFed + Berkshire Hathaway Home Services merged financial services (PenFed) and the suite of online tools, agent support services and highly regarded brand that Berkshire Hathaway had in the bag.  The company has grown its annual sales volume to $3.8 billion with 1,700 sales agent and 50+ offices, providing complete real estate services nationwide.

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“We’ve been watching the Berkshire Hathaway HomeServices brand and are impressed by its business principles and core values, which are closely aligned with our own,” Rhodes told me. “For me this is a double win, aligning with a company that is so strong in relocation. The $20 billion PenFed Credit Union based in Washington is growing, and will continue to grow through the real estate agent network. PenFed Realty’s growth has been phenomenal, and we want to be a part of it.”

Still, why leave that generous split with KW? Relocation expertise + juicy client perks = more clients than ever. (more…)

4504 Tour 18 FM ext

Surely you have read the blog, “McMansion Hell”? If not, here you go. The author (who must be an architect) says

McMansion Hell aims to educate the masses about architectural concepts, urban planning, environmentalism and history by making examples out of the places we love to hate the most: the suburbs.

By alternating comedy-oriented takedowns of individual houses with weekly informative essays about urbanism, architecture, sociology, and interior design, McMansionHell hopes to open readers’ eyes to the world around them, and inspire them to make it a better one.

We understand. (We also think he’s kind of snarky.) But we also hope McMansion Hell doesn’t look too closely at North Texas. The home they chose to rip apart recently is 4504 Tour 18 Drive in Flower Mound for $829,900. It’s listed with Jim Streigel of Coldwell Banker. Listing date: 3/16/2016. It was built in 1994, is on 2 acres in a golf course community, and the price has already been reduced to $829,000 from $939,900. Wow. High hopes.

But really, honestly, what does a real estate agent do with stuff like this???4504 Tour 18 doorway (more…)

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Kristi Davis has managed the Irving/Las Colinas/Coppell office of Ebby Halliday Realtors for the past six years, and now, with her motivation and leadership skills, she’s taking the helm of the Flower Mound/Lewisville office, too.

“Kristi brings extensive sales and management experience, as well as a strong desire to assist our Flower Mound/Lewisville agents in taking their careers to the next level,” said president and CEO Mary Frances Burleson. “The recipient of the 2015 Easterwood Cup Broker/Manager of the Year Award presented by the MetroTex Association of Realtors, Kristi offers a long history of distinguished service to our industry and community.”

Davis is familiar with the area as a Dallas-Fort Worth native and University of North Texas graduate. Her 14-year career in real estate has led her through many realms as both a top-producing agent and now as a manager covering a substantial territory.

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This non-descript Flower Mound home had a secret in its walls.

This non-descript Flower Mound home had a secret in its walls.

What a cool story out in Flower Mound, where developer Curtis Grant was beginning the demo process at 4801 Quail Run, a home he purchased that was sold as you’re average 1970s traditional.

Here’s the description from listing agent Jeannie Seth:

Rare opportunity! Original 1970 home added entire 2nd attached home in 2003, perfect for extended families. One story, 4.33 acre property in Flower Mound with exemplary schools. Diving pool, two 2 car garages plus car port for addtl parking. 3 sheds, 2 barns, 1 w-4 stalls, 2 pastures & well for watering. 1970 home has pergo flrs & 1800era FP. 2003 home has ss appl, gas cook top, 42 in cab, wood flrs. Please see media for detail on 2003 home.

Now, Grant says that the original plan was to tear this structure down and build 12 homes on the more-than four acre lot. But when he found the log structure behind drywall, he called in a few experts:

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