The spec house at 6115 Desco Dr. will look similar to this. Photo courtesy Shoot2Sell.

The spec house at 6115 Desco Dr. will look similar to this, also built by LRO Residential Development.

Spec homes are a sign of strong builder and bank confidence in a market, as they are created without any specific buyer in mind, just the belief that one will be interested once it is completed. The higher the price tag, the higher the stakes.

In our inventory-parched market, homebuilder Les Owens, President of LRO Residential Development, has that confidence in the Dallas market, even at multi-million-dollar levels. He’s starting two spec houses this month, one in Preston Hollow for $3.15 million, and another in Devonshire for $2.2 million.

Both houses are available for customization, but Owens is breaking ground now and says he will complete them in late summer/early fall this year.

As we reported earlier this month, luxury home sales in Dallas-Fort Worth skyrocketed in 2014—those with prices of $1 million and up grew 15 percent year-over-year, the second highest sales volume in Texas (bested only by Houston).

Luxury home sales in DFW represented 1.2 percent of the market, and top-performing luxury brands are seeing more multi million-dollar sales in areas that have strong resale value and high existing demand.

“Established neighborhoods and homes of significance in coveted areas such as Highland Park, Preston Hollow, Greenway Parks, and The Volk Estates are desperately pursued, and the quality of the design continues to be a driving factor,” said Caroline Summers, a Briggs Freeman Sotheby’s agent. Jump to read about the houses and see photos!


1310 W Canturbury Ct. extYou want to live on a really great street in Kessler Park loaded with homes of charm and character? Check. Totally new insides with architectural details intact? Check. Downstairs master suite? Done. Take a look at 1310 Canterbury Court and tell me if this 1929 circa Tudor is not one of the greatest homes you could find for $600k?1310 W Canterbury Ct. LR1310 W Canterbury Ct. DR1310 W Canterbury Ct. kit

Actually, I lied — call Tim Rogers! This home is $599,900!

You get more than 2800 square feet, three living areas, three bedrooms and like I said, the master is down with a gorgeous spa bath (tub and shower!). There are two full baths in all, and all renovated beautifully, plus a cute half bath. There is a to-die for green lot with some serious topography going on you will not find up north, even in the Park Cities  — you know the Hill County begins in south Dallas, right here in Kessler.

1310 W Canterbury Ct. kit 21310 W Canterbury Ct. entryLet’s talk about the kitchen for a minute. It is amazing: 6 burner top of the line Wolf range plus grill & double oven, an over-sized built in Kitchen Aid refrigerator with a nice stainless finish, a Miele built-in espresso machine, a wine fridge and more: lower microwave, huge center island with slab of granite, two sinks, great cabinets.

1310 W Canterbury Ct. master1310 W Canterbury Ct. masterbathI am also in total love with the dark, hand scraped hardwoods throughout, that blend so nicely into the tiled/marble areas. I am also crazy about that rolling back yard, which is .16 of an acre but seems larger, plus it sports a great entertainment deck.

Best of all, I love the varied floor levels right after you walk in that beautiful curved door! Yeah, I guess you could say this house definitely “does it” for me!1310 W Canterbury Ct. media1310 W Canterbury Ct. rearext