Located inside the exclusive Lake Forest subdivision, there’s not much about this classic Hill Forest Drive mansion that doesn’t scream “high caliber.” Built in 2000, this home received a complete and thorough renovation recently that has made this gem of a listing into the crown jewel of the neighborhood.

“Everything about this home is simply remarkable,” says Debbie Ingram, listing agent of 6917 Hill Forest, this week’s High Caliber Home of the Week presented by Lisa Peters of Caliber Home Loans. “One steps into this home, which is an oasis and welcome respite from the outside world!”

Ingram describes this Hill Forest Drive mansion as chic, sophisticated, classy, and timeless — which is what we expect of such an outstanding High Caliber Home. And the remodel doesn’t disappoint, either.

“A complete, gutted remodel of the home in the last few years implemented the finest in design, materials, and craftsmanship,” Ingram added. In fact, the interior remodel totaled more than $750,000 in upgrades, making this classic Hill Forest Drive mansion an absolute deal at $1.618 million.

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Before there ever was a pink mansion on Douglas Avenue, Mary Kay Ash and her husband, Mel Ash, conscripted modernist architect Frank L. Meier to design a home for them. The site — a private, picturesque lake in Preston Hollow — was the perfect place to craft reality from a dream.

That dream was for a welcoming, beautiful structure that was perfect for hosting all sorts of gatherings — a well-rounded home. Literally.

In fact, that’s what makes 7246 Lupton Circle — our High Caliber Home of the Week presented by Lisa Peters at Caliber Home Loans — so very unique. Its design takes every advantage of the lake and lot, with a circular design that flows perfectly from one room to the next. Add in the delicious light from the glass-domed ceiling in the center of the home, and you have magic in the making.

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Ritz Residences 1704 Ritz Residences 1704 masterThis is #1704 of the Residences at the Ritz-Carlton, a brand new floorplan debuted to respond to the consumer’s appetite for larger condominium living in Dallas. That’s right: buyers downsizing from 6000 square feet say 1500 just isn’t enough. The 2,841 square foot home has two bedrooms, a study, and three full baths and could well be a prototype of residences to come. Connie Howe of Incognito Interiors staged the home, bringing in color and all that jazz! Connie is a homeowner at The Residences at The Ritz-Carlton, Tower One. She is also a dear friend who I have known since our daughters were in pre-school!  #1704 is priced $2.7 million, listed by the dynamo Kyle Crews & crew, Allie Beth URBAN.

 

bingo ritz ani daylon debbie

Ani Nosnik, Daylon Pereira, Sales Associates at The Residences

#1704 was also the scene of a wonderful party recently to promote the upcoming 12th annual Bingo Luncheon to benefit the Dallas Children’s Advocacy Center. The Bingo event is this Saturday at The Belo Mansion, and I think every high-powered Realtor in town is attending. Allie Beth dynamo herself Debbie Ingram is president of the DCAD League with Bingo Luncheon Chairman, Ashlee Brill Weidner, who has knocked herself out with an AMAZING silent auction, ten games of Bingo with prizes ranging from Gift Cards to Nordstrom’s, Tootsies, and Luxury Dallas Spas to $500 Central Market Gift cards, a $600 Exxon Mobil gift card to about 50 pieces of Kendra Scott jewelry. It all begins with a champagne reception and delicious lunch to boot. This event is produced by the DCAC League and is the 12th annual year! The luncheon is Saturday, and I’m pretty sure it’s sold out, but of course, just like working with an impossible seller, Debbie Ingram can work negotiation miracles to snag an extra ticket or two. Bingo ritz party ash debPhoto: The Bingo Luncheon Chairman, Ashlee Brill Weidner and DCAC League member Diana Ingram Miller are all smiles

Debbie Ingram and Ashlee Brill Weidner, top

DCAC League member Diana Ingram Miller, lower

The Bingo Luncheon benefits the Dallas Children’s Advocacy Center (DCAC), whose mission is to improve the lives of abused children in Dallas County and provide national leadership on child abuse issues. This is something you perhaps cannot imagine cloistered in a beautiful environment like the Residences at the Ritz-Carlton, but child abuse does take place in our fair city. DCAC coordinates the investigation and prosecution of the most severe cases of child abuse in our community.

Last year, DCAC served more than 2,400 children (and their non offending family members) who were sexually abused, severely physically abused, or who had witnessed a violent crime. DCAC provides a warm, child-friendly environment to help children who are referred by law enforcement or CPS.

Lisa GarzaWake-Us-Up-Fact: the average DCAP client is a 9-10 year-old girl, sexually abused by someone she knows and trusts. In fact, just a few weeks ago at the Celebrity Waiter Luncheon benefitting Family Gateway, celebrity chef, TV personality and restaurateur Liza Garza bravely revealed that she, too, was sexually abused at age 14.

(I was a bad girl at the luncheon, all in the name of charity, here’s what I did — it starts with a T and rhymes with “work”.)

But then, that is what I love about Dallas. That people like Lisa Garza are out there sharing their pain so that others can be spared. That people like Debbie Ingram, Diana Miller and Ashlee Weidner are working fingers to the bone to create a fun event while never losing sight of the whole point: raising money to raise awareness about a not-so-pretty topic, child abuse. Right here, maybe rvrn closer than we think. The subject is helping those who need a hand… or a life raft.

 

 

6406 Northwood

Even this FSBO has a contract on it!

You know I am not a huge fan Standard & Poors/Case-Shiller Home Price Index. Why? you ask? I’m sure they are very nice people, but their data is old and does not take into account new construction. By old data, I mean that what they are reporting today, this news that has us all giddy, is coming from transactions that were conceived in 2012, like November and December. It takes time to buy a home. A transaction begun last November may be closed in January or February. And Case-Shiller does not take into account new home sales. So like the 6,000 units that Mehrdad Moaydi has vertical, the vast developments booming like Phillips Creek Ranch and Craig Ranch up north of us, all those new home sales are not counted. No condos, either. Case-Shiller only counts residential re-sales.

What I’m saying is that when Case-Shiller is positive, it’s not just good news, it’s UBER great news! And today, Case-Shiller was as positive as I have seen in eons.

Dallas area home prices rose by 6.5 percent in December of 2012, says CS. That gain was the largest local increase in twelve years of CS survey-taking.

Our market is hotter than blazes and it’s not even spring. Allie Beth Allman’s Debbie Ingram sold my daughter’s condo in seven days to a cash buyer. This was a small deal, relatively speaking, under $500K. But we know that 6601 Hunter’s Glen is under contract, as is Tim Headington’s fabulous Ritz penthouse condo. Tom Hicks has his home available (not on MLS) for an earth-shattering $135 million, but maybe that’s not so earth-shattering: the rich with all those advisers at their fingertips seem to REALLY be eyeing real estate.

Every time I look at my bank account, I want more real estate: savings accounts are earning nada.

I spoke to a Preston Hollow homeowner selling his home himself, in other words, a FSBO: the house is under contract.

“We waited it out for over a year,” he told me. “Then right after Christmas, it just exploded.”

Mike Davis of Capital Distributing is the best barometer I know because he sells beautiful, high end appliances to home builders. And he is busy, very very busy. Yesterday, in an informal conversation, he told me why he thinks our market is so hot right now: low interest rates, pent-up demand, and a bit of anxiety as we hear that inventory is so very, very low.

There’s also the concept of “herd mentality”, when people see their friends jumping in the water, they are usually next.

Today’s CS report is the 10th month in a row of higher Dallas-area home prices. Nationwide prices were up an average of 7.3 percent in the Case-Shiller survey.

Here’s what S&P’s David M. Blitzer said: “Dallas, Denver, and Minneapolis recorded their largest annual increases since 2001. Housing and residential construction led the economy in the 2012 fourth quarter.”

Once again, housing seems to be our economy’s main driver. Steve Brown says Dallas home prices at the end of 2012 “were about 5 percent below levels at the top of the local market in mid 2007.”

Only five percent!

“Home prices in all the 20 major cities Case-Shiller tracks are about 30 percent below where they were before the recession in mid 2006,” says Steve.

Us, we are down now by only five percent! And that’s pretty darn amazing!

6406 Northwood

Even this FSBO has a contract on it!

You know I am not a huge fan Standard & Poors/Case-Shiller Home Price Index. Why? you ask? I’m sure they are very nice people, but their data is old and does not take into account new construction. By old data, I mean that what they are reporting today, this news that has us all giddy, is coming from transactions that were conceived in 2012, like November and December. It takes time to buy a home. A transaction begun last November may be closed in January or February. And Case-Shiller does not take into account new home sales. So like the 6,000 units that Mehrdad Moaydi has vertical, the vast developments booming like Phillips Creek Ranch and Craig Ranch up north of us, all those new home sales are not counted. No condos, either. Case-Shiller only counts residential re-sales.

What I’m saying is that when Case-Shiller is positive, it’s not just good news, it’s UBER great news! And today, Case-Shiller was as positive as I have seen in eons.

Dallas area home prices rose by 6.5 percent in December of 2012, says CS. That gain was the largest local increase in twelve years of CS survey-taking.

Our market is hotter than blazes and it’s not even spring. Allie Beth Allman’s Debbie Ingram sold my daughter’s condo in seven days to a cash buyer. This was a small deal, relatively speaking, under $500K. But we know that 6601 Hunter’s Glen is under contract, as is Tim Headington’s fabulous Ritz penthouse condo. Tom Hicks has his home available (not on MLS) for an earth-shattering $135 million, but maybe that’s not so earth-shattering: the rich with all those advisers at their fingertips seem to REALLY be eyeing real estate.

Every time I look at my bank account, I want more real estate: savings accounts are earning nada.

I spoke to a Preston Hollow homeowner selling his home himself, in other words, a FSBO: the house is under contract.

“We waited it out for over a year,” he told me. “Then right after Christmas, it just exploded.”

Mike Davis of Capital Distributing is the best barometer I know because he sells beautiful, high end appliances to home builders. And he is busy, very very busy. Yesterday, in an informal conversation, he told me why he thinks our market is so hot right now: low interest rates, pent-up demand, and a bit of anxiety as we hear that inventory is so very, very low.

There’s also the concept of “herd mentality”, when people see their friends jumping in the water, they are usually next.

Today’s CS report is the 10th month in a row of higher Dallas-area home prices. Nationwide prices were up an average of 7.3 percent in the Case-Shiller survey.

Here’s what S&P’s David M. Blitzer said: “Dallas, Denver, and Minneapolis recorded their largest annual increases since 2001. Housing and residential construction led the economy in the 2012 fourth quarter.”

Once again, housing seems to be our economy’s main driver. Steve Brown says Dallas home prices at the end of 2012 “were about 5 percent below levels at the top of the local market in mid 2007.”

Only five percent!

“Home prices in all the 20 major cities Case-Shiller tracks are about 30 percent below where they were before the recession in mid 2006,” says Steve.

Us, we are down now by only five percent! And that’s pretty darn amazing!

Photos by Shoot2Sell

As I told you two weeks ago, the Mary Kay home is on the market and listed with precious Karen Luter of Allie Beth Allman. Fox 4 is doing a story on it this Wednesday, and I’ve even had calla about it from Japan. Of course, it is no longer owned by the late Mary Kay Ash and in fact, the blonde cosmetics tycoon had moved out of the house during her later years and back into her home at 7246 Lupton, pictured below. Meantime, guess who jazzed up the interiors on Douglas? None other than designer-with-a-real-estate-license Mark Godson, who has staged the Palomar Residences as well as a new listing with Debbie Ingram you shall soon be drooling over. I still cannot believe the listing price is only $3.3 for this pink palace. Swear it should be the home of the Mayor of Dallas — as long as he pays the mortage! By the way: I am having lunch with the descendants of the home’s architect, Fred Wynn, tomorrow. They tell me the house was built as a spec house. Get ready for more delicious details on Valentines Day!