Montserrat

Almost exactly one year ago we featured the Monserrat manse at 9517 Bella Terra, across the street from the for-sale Selena Gomez compound. That over 9,000-square-foot spread sold for $2.299 million, boding well for the sale of the larger Gomez estate.

However, if a mere five bedrooms won’t suffice and you need to park more than six cars, you might want to have a look another new listing at nearby 4657 Benavente Court. The roofline, with its many gables and turrets, resembles a mini city skyline.

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Hicks Walnut Place

Luxury home sales in Dallas-Fort Worth were hot, according to the latest report from the Texas Association of Realtors.

Demand for high-end dirt in Texas was quite robust in 2015, according to the just-released 2016 Texas Luxury Home Sales Report from the Texas Association of Realtors. Dallas luxury home sales and Fort Worth high-end real estate sales grew by 12.4 percent from January to October 2015, with 1,088 homes priced at $1 million or more selling during the period.

“Texas’ economic prosperity continues to make luxury home sales one of the strongest sectors of the Texas housing market, particularly in the $1 million to $1.5 million range,” said Leslie Rouda Smith, luxury Realtor with Dave Perry-Miller Real Estate and chairman of the Texas Association of Realtors. “In some neighborhoods, the lot alone is well worth $1 million and up.”

Ain’t that the truth! Dallas dirt is getting tremendously expensive, especially in the custom homebuilding market. Buyers and clients should expect the lot purchase to take up a greater share of the budget from now on as land is growing more scarce.

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