cedar crestSometimes you flip through listings and a house just … stands out — like this funky Cedar Crest home with a fun facade and a well-updated interior with a price point that will make some family very, very happy.

Unfamiliar with Cedar Crest? We’ve written about listings in the charming neighborhood before, but for the uninitiated, Cedar Crest is a well-established neighborhood in Dallas that is, we think, a hidden gem. Close to downtown (in fact, you can see the skyline from many points in the neighborhood), the community also boasts a very busy neighborhood association, and is home to the Cedar Crest Golf Course, which hosted the first PGA Tour in 1927.

You can even see a great tour of the golf course here.

“For decades the Cedar Crest neighbors have demonstrated pride in home ownership, which is discernible by many of the uniquely designed custom built homes,” the association’s website said. “The community is well noted for community and political involvement and has produced many business owners, educators and dignitaries.” (more…)

By Deb R. Brimer

Redeveloper Jim Lake can write a book about red tape. Another year has come and gone since Jim Lake Companies (JLC) purchased the historic Ambassador Hotel in 2015 to redevelop into chic apartments, and the only visible sign of progress is that the once-grand 115-year-old landmark just got another year older.

According to the Dallas Morning News, JLC initially planned to start construction around the middle of 2016 after moving through the state and federal historic landmark processes, but the Ambassador didn’t receive official designations until the end of 2018.

The only things that move slower than history are the processes for preserving it, it would seem.

Back when it was known as the Park Hotel, and as the Majestic before that, the building hosted all sorts of dignitaries and celebrities.

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hip pocketDo you follow CandysDirt on Instagram? It’s another great way to get in touch with us, to see what we’re featuring on the site, and to show us what you’re up to — which is exactly what Kate Walters with Allie Beth Allman & Associates did last week when she pitched us this gorgeous Lakewood hip pocket.

What’s a hip pocket listing? It’s a home that’s for sale, but isn’t listed in the MLS, nor will you find it online on the likes of Zillow, Redfin, etc. Sellers sometimes go this route to protect their privacy, or to test the waters of the market, or even just in the hopes of generating more interest in the home in a market that might be getting a bit saturated.

But Walters is planning on someone falling in love with this home — so she’s even arranged for a champagne sip-and-see on Tuesday, Feb. 12, from 2 p.m. to 4 p.m.

But just in case drinking champagne on a Tuesday afternoon isn’t in the cards for you, we got Walters to share a bit about her hip pocket, including photos and a video. Want to see? Let’s jump. (more…)

Everyone who falls in love with Swiss Avenue’s gorgeous historic homes, should take note: Opportunity awaits on South Boulevard. Our columnist, Jon Anderson, has waxed about the historic South Boulevard-Park Row neighborhood in South Dallas. Once an enclave of Jewish families, this area fell on hard times several decades back. However, resurgence is just around the corner thanks to some TLC from homeowners.

Now this sweet 1931-built Tudor, complete with beautiful roof, adorable arched windows and doors, and lovely brick facade at 2601 South Blvd. is on the market as is. The home has four bedrooms, three bathrooms, and 4,296 square feet. For comparison’s sake, a similarly sized home in the Swiss Avenue Historic District will cost you around three times the asking price of this historic property, which is listed for an eye-popping $375,000.

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home pricesHome sales fell in North Texas in the fourth quarter of 2018, Dallas-Fort Worth hit record home prices last year, and the Arlington Black Chamber of Commerce will hold its Hard Hat Construction Expo — and we have all this and more in this week’s roundup of real estate news.

Area Home Sales Fall in 4Q 2018

While the median home price grew, home sales in North Texas fell 7.6 percent in the fourth quarter of 2018, a report by Texas A&M’s Real Estate Center said.

Area home sales fell to 22,402 transactions, while the median home price grew 2.4 percent over the year to $260,000. Months of inventory rose 32.5 percent to 2.5 months, and residential property listings increased to 29.4 percent in 2018 to 20,627 listings.

Courtesy the Texas A&M Real Estate Center

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Kyle Brinkley of Brinkley Property Group has listed 5119 Miller Avenue for $574,000.

Ahhh … love is in the air. And what better way to kick off Valentine’s week than with a look at two love nests in the M Streets? This iconic Dallas neighborhood attracts couples of all kinds, and for good reason. Its small town feel, easy access to trendy hot spots for date night, and an atmosphere that is perfect for starting a family, means it continues to gain in popularity. Add in a touch of charm, affordability, and a fantastic location, and the M Streets has the recipe for living a life you’ll love.

One look at these M Streets love nests in our Splurge vs. Steal and you’ll be singing a different tune, honey.

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Amazon

(Photos courtesy Flickr)

As word got out that Amazon may pull out of its’ planned halfquarters in New York, every single city that had a shot is discussing the potential that the virtual big box store will eventually turn its sights to one of the jilted — Dallas included.

Let’s review: In November, after nearly a year of being courted by nearly every city in the country, Amazon flipped the script and decided to divide its second headquarters site between two cities – Long Island City, New York, and Crystal City, Virginia.

But nearly immediately, many New Yorkers began voicing their resistance to the idea, saying they worried that Amazon would push up prices and rents in the neighborhood, and force existing residents out. They also criticized the incentives offered to the retail giant.

As resistance grew, The Washington Post reported Friday that Amazon was potentially thinking of walking back its plans for the New York site. (more…)

Dallas proper posted moderate rent increases, but it was the area suburbs and exburbs that saw the biggest apartment rents in 2018, RentCafe revealed in a recent report.

Flower Mound posted the highest rent at $1,526 (despite only having a minimal increase of 0.1 percent), higher than Farmers Branch and Frisco with average rents of $1,382 and $1,343, respectively. In Coppell, rents have stagnated, decreasing by 1 percent year over year. (more…)