The Drake at White Rock Rendering (1)

A new condominium development has been announced for the White Rock Lake area. The Drake at White Rock Lake is being sold as a “seven-story, modern-inspired condominium residence with 90-100 homes featuring one, two, and three bedrooms.”

The building is envisioned with a terraced elevation, spacious rooms, expansive windows, balconies and entertainment decks, which will provide a variety of inspiring views from White Rock Lake to Downtown Dallas to the lush greenery of Tenison Park.

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As we wrote about last year, the intersection of Preston and Northwest Highway is one of the highest-profile in all of North Dallas (and probably one of the highest-valued, too).

It’s not just the current real estate prices of Preston Hollow that give this area its prestige—the intersection has a fascinating history.

The northeast quadrant has a wavy, pink brick wall, and to live “behind the pink wall” was an address with serious social cachet in midcentury Dallas (legend has it Ebby Halliday herself coined the phrase).

The pink wall was built in 1954 by developer Hal Anderson in front of his first apartments; he later built the high-rise Athena and Preston Tower apartments next door. Parts of the wall might be a bit faded now, but to live here in the 1950s or 1960s was to have arrived. (You’ll likely get raised eyebrows if you talk about the real estate “behind the pink wall” to a young person, but older folks will remember the phrase well.)

Today’s Tuesday Two Hundred takes us one block north to 6126 Averill Way #208W, located in the Imperial House Condominiums, built around the same time, 1964, by Sid and Ada Lynn, with George Dahl as architect. These charming French-style condos have a fanciful, throwback feel, with a grand, circular staircase, domed ceiling, and retro metalwork in the entryway. Can’t you picture Betty Draper from Mad Men gliding down the stairs in kitten heels on her way to cocktail hour?

6126 Averill

Unit 208W is located on the second floor (there is an elevator in the building, as well as those stairs), a two-bedroom, three-bathroom condo with a roomy 2,134 square feet. It is newly listed by Peter Livingston at Realty One Group Partners for $239,000, or $112 a square foot.

Unit 208W has plenty to offer a buyer, but parts of it are a bit dated need freshening. A similar size, but renovated, unit in Imperial House sold last November for $345,000, or $139 a square foot. If that sale tells you anything, it’s that you could make the upgrades on this unit and see a return on your investment. Jump to read more and see photos!

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Tourism is up in Hawaii, almost cranked up to 2006 levels, which means the real estate buyers are not too far behind. In fact, they are starting to crawl all over this delicious property in Maui.

Maui — just hearing that word kind of soothes us on a Monday morning.

Now comes a beautiful resort and spa on Maui that offers the first whole home ownership in paradise in 25 years, Honua Kai. The stunning condominium residences are smack on that famed Ka’anapali Beach are full ownership, on forty of the most beautiful beach-front acres ever seen. Guess where the price tag starts? $494,500 I kid you not. All the details are over on SecondShelters… because I get to go kick the tires!