Many of you know I am obsessed with Hollywood Heights and the street that we live on. I love our neighbors, I love the trees, I love how our street is off the beaten path and many don’t know about it, and I love that it’s little and intimate. In fact, I have previously described it as a little slice of heaven.

But with only 16 houses on it and a housing market that is on speed, the chance to live on our street doesn’t happen often. Until today. Kate Looney Walters with Allie Beth Allman has a LEASE listing for a charming tudor at 6926 Patricia Avenue in the middle of this great street.

With 1,687 sq. feet and 3 beds/2 baths, it’s not a bad size for a 1931 home either. (more…)

This completely renovated townhome with an awesome deck at 4419 Holland Avenue would be the perfect home for a Generation Y buyer.

“Listing online leaves lasting impressions,” recited Bryan Crawford. He’s a young but knowledgeable agent with Briggs Freeman Sotheby’s. He and his wife, Amanda, know how to get the attention of Dallas’ newest generation of homebuyers.

Generation Y, which stretches from the late ’70s through the ’80s, are often serial renters who are more likely to look online for their first home than anywhere else. So, how do you make homeownership more attractive than renting?

First, says Crawford, sellers should stage their homes, because, with Generation Y, you can’t sacrifice the first impression. He advises clients to spruce their homes up, even if they have a limited budget.

“We tell sellers the best way to spend their money,” Crawford adds, “because staging makes homes look better and sell faster.”

Hiring a photographer helps, too. The Crawfords hire only the best for their listings, such as photographers that find their work in Architectural Digest!

Beyond that, it’s mostly personal taste. Millennials want fewer formals and better functioning living and kitchen areas. They want things to feel new, and they don’t want to do any repairs. They’re drawn to certain areas, too, Briggs Freeman’s Sam Sawyer said. Uptown is popular, as well as the M Streets, Devonshire, Oak Cliff, and the White Rock Lake area.

“They’re looking for things they didn’t have when they were living in an apartment,” Crawford said. That includes lawns and outdoor spaces, as well as covered parking.

According to Sawyer, Generation Y is looking for amenities and community. “It seems like people are getting away from buying a bigger house and commuting,” he said.

Still, renting remains attractive to much of Generation Y thanks to an uncertain job market. Sawyer said some of his friends prefer to rent because they don’t know if they’ll move to New York, or Washington, D.C., or even back to the nest with their parents.

What they may not realize is that homeownership doesn’t have to cost a whole lot. For instance, some Gen Y-ers may spend between $1,000 and $1,500 a month to live in a prime location like downtown, West Village, Uptown, and Knox-Henderson.

In Lake Highlands and Lakewood, a 2,000-square-foot house can cost the same as their monthly rent payment, plus or minus $200.

“And there are no neighbors banging on the walls, no loud parties, and you have a parking spot, too,” Crawford said.

Sounds perfect to me!

I have written about this house before, and I could write about it every single day of my life. It gets my vote for one of the most beautiful homes in Dallas on the INSIDE as well as out. And then talk about location! 5424 Edlen is perched on one of the most desirable corners in Old Preston Hollow: Edlen and Hollow Way. Edlen was named after one of the developer’s two daughters, long ago. We used to live within two blocks of this fabulous home, which is how I know all this stuff. We even knew the people who lived in the home prior to it being torn down in the early 1990’s to create this temple of architectural beauty.

Which it most certainly is. Built in 1992, the home was so skillfully remodeled (to the studs, as they say) in 2009 you would think that is when it was built. There are tasteful, clean lines with a Santa Barbara vibe. Just no red-tile roof. Case in point: use of cathedral arches in multiple doorways, creating architectural drama and wonder, and transoms carried through-out. Many groin-vaulted ceilings. The home was initially rebuilt by Joe Kain in 2009, when the square footage was doubled. For 9110 square feet, the home is also incredibly energy-efficient. The master bedroom is downstairs on the western wing of the home with a glorious round sitting room that shares an open fireplace with the bedroom. The spa bath has been enlarged — builder Susan Newell completed this just last Friday — and the master now boasts two huge walk-in closets. The free-standing copper tub must be seen! The master closet even has a washer-dryer which, I’m told, is very much like driving a Porsche: once you have one (in your closet, in your garage) you never go back. Upstairs are four bedroom suites, two with playful loft spaces where kids can hide. Also up here: a media room with a stage, a game room and exercise room! Back downstairs again — there are two staircases — the hexagon-shaped room on the front of the house is the wine room where you can sit and sip and watch the birds. Lest you think this tour is finished, there is a back screened-in porch and a beautiful cabana behind the pool with outdoor kitchen where I would not mind living full-time. The home is large, yes, but it’s on 1.02 plus acres, with trees, trees, trees. Oh and talk about high profile neighbors: the Executive V.P. of Exxon Mobile,  Andy Swiger, is across Hollow Way, Mark Cuban is further down the Hollow, T. Boone Pickens on Alva Court, ditto Dr. Dennis Birenbaum, and a host of Dallas movers and shakers in between. Hello! Kelcy Warren!

Bryan and Amanda Crawford are energetically marketing this house, and the darling couple is all of 28 years old. It has been on the market before, first with Joan Eleazer and then Fran Cox, seasoned, fabulous agents both. The owners, who have a home in Carmel-By-The-Sea, want to shed the square footage here and make Dallas their second home. It was Bryan’s idea to expand the bath and add a second master closet, and the owner conveniently had a plan ready to go. It was also Brian and Amanda’s idea to drop the price to $4,299,999 from $4,450,000. You know what they say: third time’s the charm!