About three years ago, Compass Real Estate agent Phillip Murrell discovered an attractive off-market duplex in the M Streets. He liked it so much, he and his partner bought it.  Then they had to decide whether to seek out a long-term tenant or try the short-term rental market.

“At that point, Airbnb was big but a lot less tested than it is now,” Murrell recalls. “I didn’t know anyone personally who did an Airbnb.”

He initially rented out the bottom unit to a client who needed a place for six months. Upstairs, he began adding consignment furniture along with some of his own. Before long it was time to list the space and see what happened.

“The response was almost instant,” Murrell recalls. “Upstairs we were getting well over $2,700 per month.”

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Kucharski Group with David Griffin & Company Realtors has listed 5511 Mercedes Avenue for $799,000.

It couldn’t be easier to get a feel for the M Streets neighborhood than with these three Open Houses this weekend. Each Tudor style home is between $799,000 and $599,000 and filled with character. The best part? They all have a prime M Streets address. Prepare to fall hard for these beauties!

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Kyle Brinkley of Brinkley Property Group has listed 5119 Miller Avenue for $574,000.

Ahhh … love is in the air. And what better way to kick off Valentine’s week than with a look at two love nests in the M Streets? This iconic Dallas neighborhood attracts couples of all kinds, and for good reason. Its small town feel, easy access to trendy hot spots for date night, and an atmosphere that is perfect for starting a family, means it continues to gain in popularity. Add in a touch of charm, affordability, and a fantastic location, and the M Streets has the recipe for living a life you’ll love.

One look at these M Streets love nests in our Splurge vs. Steal and you’ll be singing a different tune, honey.

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m streetsIt’s always nice when newer construction in an established neighborhood blends right in with the historic homes, like this M Streets Craftsman-style home we found for this week’s Saturday Six Hundred.

Built in 2009, this home at 5322 Miller Ave. has all the curb appeal and character of some of the much older Craftsman homes in the M Streets and Vickery Place areas, but the modern practical details like smart home features.

And it’s been beautifully done both inside and out, with an open-concept floor plan for the common areas that is bright and cheerful. Casement windows bring in tons of natural light, and hand-scraped hardwood floors are throughout the home.

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Neighborhoods

Image courtesy/Trulia

Bluffview, M Streets and Oak Lawn were named as local favorites for Trulia’s first-ever 2018 Neighborlys, citing the best, friendliest neighborhoods across the country. Zillow Group-owned Trulia named national and local winners in 18 major housing markets, ranked by data in categories such as friendliest neighbors, dog-friendliest, most holiday spirit, best social calendar, most walkable, and kid-friendliest.

Nearly 10,000 neighborhoods across the country were ranked based on more than 20 million written reviews and answered polls by participating locals on Trulia Neighborhoods’ What Locals Say feature. Nationally, neighborhoods in Oakland, Orlando, Philadelphia, Minneapolis, Long Beach, and Gilbert, Arizona were named best in the country.

Among the local honorifics:

North Dallas: Friendliest Neighbors

preston hollow

Trulia says you’ll find the friendliest neighbors in this very broad definition of neighborhoodwhich spans most of Preston Hollow. Developed from farmland in the 1930s, Preston Hollow still has a pastoral feel when neighbors gather in front yards for impromptu gab sessions. While there is some debate about boundaries, they are generally considered to be Royal Lane, Hillcrest Lane, Northwest Highway, and Midway Road. (more…)

5314 Mercedes Ave. is currently listed by Scott Jackson of Dave Perry-Miller Real Estate for $575,000.

Ladies and gents, I present to you an elegant slice of M Streets Dallas history. If you’ve always dreamed of a life on Dallas’ historic M Streets, now is your chance. Meet 5314 Mercedes Ave. – a stunning 1920s Tudor currently listed for $575,000 by Scott Jackson with Dave Perry-Miller Real Estate. This darling three-bedroom, two-bathroom Tudor offers all the charm and charisma of a bygone era with a number of thoughtful updates for modern-day life.

Nestled on a sizable 7,797-square-foot lot, you’ll enjoy a fenced lawn with spacious back deck and pergola, while a smattering of mature trees add to the charm. But it’s what is on the inside that will blow you away.

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It’s hard to be a host in summer, especially with the Texas heat bearing down on you. That’s why, more often than not, summer parties are centered around the pool. That is, if you have one.

But it takes more than that — you need a good floor plan with plenty of space between bedrooms and common areas, a capable kitchen, and a good transition between indoor and outdoor spaces. Luckily for you, David Griffin & Company’s Sam Claussen has just one such listing located inside the coveted M Streets. It’s an adorable brick-and-stone storybook M Streets Tudor, and it’s the perfect High Caliber Home of the Week presented by Lisa Peters of Caliber Home Loans — especially if you like to entertain during the hotter months.

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5603 Matalee Avenue in Dallas, TX is currently listed for $529,000 by Brenda White and Melissa White Smulyan of Briggs Freeman Sotheby’ International Realty.

When a special tip came in from one of our readers about this fabulous M Streets Colonial cottage, I couldn’t resist giving it the spotlight it deserves. This week’s Friday Five Hundred is situated on a quiet corner lot within walking distance to Greenville Avenue, and if you’re thinking “older home, small closets,” well, think again! (more…)