Our Splurge: Sylvia Scott has listed 3401 Lee Parkway Apt 803 for $665,000.

Dallas real estate may be cooling down, but these high-rise condos are hot, hot, hot! For this week’s Splurge vs. Steal we take you downtown to the best that money can buy … on a budget. Which would you choose The Mayfair splurge or The Metropolitan steal? Be sure to let us know in the comments.

Splurge: High-Rise With Views Of Lee Park And Turtle Creek For $665K

This condo caught our eye, not only for the price but for the virtual staging. As it turns out, listing agent Sylvia Scott of Briggs Freeman Sotheby’s International Realty showcased those images for good reason.

“I used the virtual images provided by a company who works exclusively for Sotheby’s International Realty and available only to Briggs Freeman locally, to show buyers how a little paint and different furnishings can completely transform the look of the unit, which had been more traditionally furnished by the previous tenant,” Sylvia explains. “I specifically had a client who could not figure out what to do with the alcove in the living room and I was able to show her these photos to give her an idea of what to do with that space. Providing tools like this can help buyers see the potential in an otherwise great opportunity!”

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Celebrate Downtown Dallas

Downtown Dallas has come a long way in 5 years, which was the last time Preservation Dallas planned an architectural tour highlighting our the building that make up our world-famous skyline. So much has happened since then, so the organization thought that now would be the perfect time to show off all that our distinct downtown area has to offer.

We have to agree. More and more residential highrises and lofts are coming on the market in the growing downtown area, and in a variety of price ranges and styles, too. Rentals are becoming more prolific as well, and downtown is finally reaching a critical mass of residents to support more retail and restaurants.

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The Cedars

The Cedars is quickly transforming into an urban hot spot, with 11 new real estate developments in the pipeline. But how will this neighborhood just south of downtown Dallas work to capitalize on this energy?

One of Dallas’ huge strengths is its neighborhoods, and one of the most unique is downtown. Make that Downtown with a capital D. With its walkable blocks, great density, and mix of classic and modern architecture, Downtown is similar to the nearby Uptown neighborhood. But at Wednesday night’s community roundtable hosted by the Dallas Homeowners League, Downtown was commiserating and collaborating with Deep Ellum, the Cedars and the Farmers Market neighborhoods. Why so glum? All are trying to poke their heads up as residential nirvanas for a new style of living.

As Peter Simek, last night’s roundtable moderator, put it, all areas “suffered the effects of de-economization of the core in the 60s, and are now coming into their own.”

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