Hall

On Monday, we gave you a hip-pocket sneak peek at the Turtle Creek corridor home of Dallas billionaire businessman and developer Craig Hall, and his extraordinary wife, Kathryn.

Now we are going to tell you where they are moving: Hall Arts Residences, of course!

Hall Arts Residences is the newest, sleekest, most art-loving and luxury-exuding condo project ever built in Dallas to date. I might even invoke the word exclusive because there will be only 48 units. And while each new successive luxury high rise sends shivering shockwaves of taking one giant leap further in terms of amenities, luxury, and design, Hall Arts Residences absolutely rises to the top. (more…)

Our Splurge: 2300 Wolf Street, Unit 9A,  is listed by Sharon Quist of Dave Perry-Miller Park Cities for $3,300,000.

Nothings says “I have arrived” like living in a Dallas condo high above the city. Whether you’re a first-time homebuyer, a busy professional climbing the ranks, or an empty nester looking for the convenience of high-rise living, Dallas has something for you. Which is exactly why we chose Uptown for our latest Splurge vs. Steal.

Offering hip cocktail lounges, a posh shopping scene, and plenty of walkable, live-work-play stops along the way, Uptown is a place to see and be seen. Looking for an Uptown home to call your own? Here we feature two Uptown condos, each with updated interiors and a prime Uptown Dallas address, but with price points that are miles apart.

Tell us which one you would choose – the super luxe Stoneleigh splurge or the Brownstone State Street steal. We would love to hear in the comments.

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The penthouse is still available at $16.5 million

Museum Tower has hit a crucially important sales milestone: 80% sold. Which means 100% is in the very near future. In high rises, sales multiply more rapidly with every signed contract.

And for Museum Tower, one of the contracts that put them in the 80 percent club came from another prominent Dallas family moving out of Preston Hollow. They will be in good company. (Editor’s Note: upon request and respect for privacy, we have removed the names of the high profile homeowners though it is public record.) 

Currently there are 108 homes, after legal combinations of units, and only 22 homes left to sell.

22/108 =20.37%

The 42-story luxury tower is now five years old. And for Steve Sandborg, Managing Director, Sales and Operations, this sales threshold couldn’t be a better holiday gift.

“We’ve been inching towards that magic 8-0 number, we’ve had a strong year, so we knew we would get here by now,” says Steve. “Museum Tower is a very special place, and nobody has this perfect location, in the center of everything.”

Steve and the Briggs Freeman real estate team working tirelessly toward 100% sales says interest in the building seems to get stronger every day.

“The buzz around town is that we are THEE place,” says Steve.   (more…)

Planned Development District 15

Planned Development District 15

Several sources have overheard that some of the “natives” are getting restless behind the Pink Wall. Specifically that the two neighboring condo buildings at 6307 and 6306 Diamond Head Circle (Royal Orleans and Diplomat) were seeking an agent to market the properties to developers.

One source said a developer (Providence, folks who brought us Preston Hollow Village) had made an offer of $110 per square foot for the Diplomat complex of 14 units sitting on 41,349 square feet of land ($4.55 million). It was rejected as being low-ball. For reference, it’s been rumored that an early Transwestern bid for its on again-off-again-on- again project on the corner was at least 1/3 more.

Tract 4, known as Royal Orleans, with Northwest Highway frontage, has 20-units on 43,994 square feet with underground parking. I am not aware of any bids on this parcel.

Of course, given its high-rise neighbors, Athena and Preston Tower, a developer may think 20-stories is possible. As of today, according to city planners, they’d be wrong … 18 stories wrong. (more…)

Texas Condo Report Mid 2015 Graphic

Condo sales are still brisk compared to last year, but sales have decreased an average of one percent between January and May of 2015, says the Texas Association of Realtors‘ recent report. Using data from the Real Estate Center at Texas A&M University, The 2015 Texas Condominium Mid-Year Sales Report shows that condo and townhome sales are flat or slipping in the four largest markets.

With runaway demand, Austin still leads the price-per-square-foot category, while condo sales actually decreased 12 percent year-over-year in the state capital. Both Dallas and San Antonio posted modest gains of 3 and 6 percent, respectively. Houston condo sales dipped just 1 percent from the same time last year. Jump for more interesting stats.

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Park Plaza

We’re continuing our roundup of 1980s high-rises so slink into your Bob Mackie and pop yourself a Bartles & Jaymes and read on.  Missed part one?  Catch up here.

Park Plaza: 4500 Roland Ave.

I will not be this 46-unit building’s target audience for decades, because at 76 percent, the Park Plaza has the highest rate of over-65 tax exemption filers in the city.

I called the Park Plaza a cannibal because I’ve been told there was an older building on the site that was stripped to the steel skeleton and reconstructed into the Park Plaza. The story goes this was the only way to keep the height and footprint of the original building as Highland Park building codes had changed. The logic is much like some communities that classify a “renovation” as leaving at least one original wall versus a “complete” new-build – it’s done to avoid zoning changes or the potential cost, permitting and taxation differences.

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Vallera Building

Living inside 635 makes perfect sense for the under 40 set, especially considering how kid-friendly many neighborhoods are becoming as homebuyers are choosing to live closer to work, shopping, and amenities. For a low-maintenance lifestyle that allows you to lock and leave while not skirting amenities, this great unit inside the Vallera Condominiums is the perfect choice.

Holland Avenue Living

With two bedrooms, two baths, and more than 1,300 square feet, this condo is great for a young couple, or even a young family who wants to be close to arts and culture inside one of Dallas’ most walkable neighborhoods. Unit 107 at 3818 Holland Avenue is marketed by Hailey Hunt-Wagstaff of Dave Perry-Miller InTown for a reduced $274,900. thats a fabulous price considering the location and upgrades inside this unit. HOA dues are a reasonable $255, too.

Holland Avenue Entry

The first thing you’ll notice when you walk in this unit is the hardwood floors, which span all the way to the French doors to the balcony. The dark-hued wood really makes the moulding and lovely neutral paint pop. The unit is fantastically open — great for having friends over — and features a gorgeous kitchen with beautiful honey-colored cabinets, granite counters, tumbled stone backsplash, and plenty of lighting. Of course, you’ll find stainless steel appliances, including a wine cooler.

Holland Avenue Kitchen

The master suite is a great size, and has a perfect tone of grey on the walls, which is just a shade off from the carpet. I am not a lover of carpet in most cases, but in condos, I change my tune. Considering the fact that you’re not constantly tramping in and out, carpet inside a condo is a great idea to make the space feel more cozy and personal. And if you’re not a fan of what’s already there, it’s pretty inexpensive to replace.

Holland Avenue Master

The master bath is really lovely and just drenched in stone. It’s a five-piece affair with a generous-sized shower, a soaking tub, and a very nice vanity. The plain, frameless mirror is a bit boring, but if you’ve staked out Pintrest as much as I have, then surely you know that it’s a snap to add a frame around it.

Holland Avenue Master Bath 2 Holland Avenue Master Bath

I think what surprises me the most about this unit is the value. With a location like this and upgrades that many first-time homebuyers are looking for, this unit is a great place for someone looking to simplify inside the loop.

Holland Avenue Balcony

2340-Victory-Park-Lane.jpg 27PH

We’ve talked until we’re blue in the face about how brisk the market its for single-family homes in North Texas, and Dallas especially, but the market for condominiums is just as hot according to the 2013 Texas Condominium Sales Report from the Texas Association of Realtors.

We definitely agree, and we noted in November that luxury units are moving quickly, selling units in buildings in Uptown, the Arts District, Downtown, and the Cedars like hotcakes!

Texas’ four major metro areas all showed double-digit increases in condo and townhome sales, said the report featuring data from the Real Estate Center at Texas A&M University. Austin, Dallas, Houston, and San Antonio experienced an average 26 percent increase in condominium sales in  2013, but Dallas led the pack with a huge 38 percent jump in sales, followed by Houston at 25 percent, Austin at 24 percent, and San Antonio at 18 percent.

“Data from the Texas Condominium Sales Report shows that all types of housing are in demand in Texas,” said Shad Bogany, chairman of the Texas Association of Realtors. “Given the rapid job and population growth across Texas’ major metro areas as well as our state’s shrinking housing inventory, it’s no surprise condo sales are playing an increasingly important role in the Texas housing market.”

The report echoes the trends we’ve been noticing in housing here at CandysDirt.com: High demand thanks to a healthy job market is fueling higher prices, and homes are flying off the market, leaving the Dallas Real Estate market feeling like picked-over department store shelves after Black Friday.

“Inventory is at an all-time low for both condominiums and single-family homes, but the development of new condos and townhomes has lagged behind that of single-family homes through the housing recovery” said Jim Gaines, PhD., economist with the Real Estate Center at Texas A&M University. “As a result, we’re at least a year or two away from delivering the condos that are currently needed in Texas’s metro areas.”

Here’s the report for Dallas:

In Dallas, 4,468 condos were sold between January and September 2013. Compared to the same period in 2012, the median price increased 10 percent to $153,000. The number of new listings also increased 10 percent to 6,311, whereas active listings dropped 26 percent to 1,607 listings and pending sales jumped 33 percent to 4,077 year-over-year. Finally, days on the market dropped to 67 days, a 28 percent decrease from the year prior.

You can read the full, city-by-city report right here.