Toot-toot! End of the line! I have been riding myself ragged up and down DART’s Blue and Green lines in Southern Dallas for our Southern Dallas Buyer’s Guide. My goal was to see what kind of housing and neighborhoods are out there for those wanting a home close to the city without the North Dallas price tags. Some neighborhoods are rougher than others, but many were surprisingly vibrant and full of housing stock many would recognize from more talked-about areas … near the Zoo might as well be called East Oak Cliff. Of course, if you’re a renovator, there are cheap as sin gems in the rough awaiting new life. Equally surprising (and a little saddening) were the number of new builds that are stylistically more at home in an exurb tract development. Sure, they’re better than an empty lot, but they hardly blend into the neighborhood (doubly true when they knock down old-growth trees in the process).
This last installment focuses on the area south and west of Fair Park serviced by the Hatcher, MLK, and Fair Park stations. It seems like a large area (and it is), but there’s not a lot of homes for sale here. I suspect the never-ending breath-holding for Fair Park’s revival plays some part in this. But these days, it’s not only Fair Park that could drive a renaissance here …
Honolulu’s Gold Coast at the foot of Diamond Head crater
Last month I wrote an Oahu market update detailing the prior year’s slight price appreciation. I also pointed out that it takes hard work to lose money in Hawaii if you have time. In other words, don’t buy high and sell low as the Dallas Police and Fire pension funds did. But all those number-y things get confusing, so here’s a concrete example of how two units in the same building have performed over time (spoiler: GREAT).
Head to SecondShelters.com for more.
Close to a year ago, Preston Place burned.
Last week at a CandysDirt.com event in Preston Hollow, in and amongst the wonderfully renovated kitchen, a temporary kitchen cabinet assembled. You see, when I was introduced to several ladies, they all wanted to talk about PD-15. Turns out they live and lived in neighboring buildings. By “lived” I mean that one was a former Preston Place owner who was displaced by fire in March 2017.
Lawnview Station at top center, right
Looking at the maps, you may wonder what all the empty space is south of the Lawnview station. You wonder why the DART Green Line swings around this patch from the Lake June Station to reach Lawnview. At least that’s what this former Chicagoan was wondering before visiting the area. Dallasites probably know it as being part of the Great Trinity Forest where White Rock Creek meets the Trinity River. Believe it or not, these hundreds of acres of forest once stretched all the way to Florida.
For the second year in a row, the minute I leave town, Candy decides to throw parties in Dallas’ most expensive and storied digs. Last month it was Deion Sanders’ Collin County mega-mansion and Walnut Place’s walk down the auction catwalk and into Mehrdad Moayedi’s hands for $36 mil. Well I’ve had enough. This year, I fought back! First was Sammy Hagar’s Maui retreat, then John McVie’s Diamond Head estate, and now …
Welcome to Waiea where two penthouses kiss the Pacific Ocean for a combined $71 million.
Want to see more? Head over to SecondShelters.com to see what $71 mil buys.
Lincoln’s same old-same old project. Look closely to see indented garage entrance.
I wonder if this project should be renamed Beetlejuice. It seems like Lincoln believes that by showing the same unpopular plan over and over, neighborhood approval will suddenly appear. Lincoln representative Angela Hunt whizzed through an incomplete deck of slides in record time. I say incomplete because one Oak Lawn Committee member had the original presentation from many moons ago and wondered where all the pages had gone … you know, the detail. Hunt said she left those pages out for brevity.
It was an excuse echoed by Lincoln’s Jeff Courtwright. In this case he was responding to a query about why Lincoln had ignored the very specific data requested months ago concerning how shade would fall across neighboring buildings. This time Courtwright said he made the decision not to provide what was asked for but instead give them only what he wanted. You’ll recall, I called Lincoln out for ignoring requests, essentially disrespecting the neighbors. Of course the reason it was ignored was because the result was bad. I’ll even go out on a limb and say some computer whiz ran the data and saw it was bad, so it was buried.
Listing vs DCAD. Paying full-price for a 299 square foot balcony?
AT&T used to say, “you get what you pay for.” In real estate, you pay for what you get, so it’s important to know what you’re getting, especially when condo shopping. In many markets, including Hawaii, exterior space (balconies) counts towards living space. That means when you buy a 1,000-square-foot condo, the price per square foot is calculated as 1,000 square feet, regardless of whether there’s a 200 square foot balcony included in that 1,000 square feet.
In Dallas, a 1,000 square foot condo means 1,000 square feet under roof that is heated and air-conditioned. The balcony is sorta free or at least not part of the price-setting. In Hawaii, the 200-square-foot balcony is additional space and would be listed as 1,200 square feet. Got it? In Dallas, balconies are generally not counted as chargeable, interior space.
Unless they are.
Proposed Lincoln Katy Trail
Perhaps the folks at Lincoln Property are skint of holiday party invites? I mean, why else would they expect the neighbors surrounding their proposed project at Carlisle and Bowen to be available to meet the week before Christmas? And with less than a week’s notice?
You may recall I reported on this particular project just before Halloween. I noted that Lincoln had met with neighboring property owners who wanted input into traffic and shadow studies for the proposed building. At that point, over a month after the initial meeting, Lincoln representative Angela Hunt had stopped replying to neighbors.
Well, the neighbors never met or heard from Hunt or Lincoln again until a hasty December 12 invitation to the last-minute meeting on December 18. No input, nada.
And the results were as expected.