Kyle Rovinsky with Coldwell Banker Residential Real Estate has listed 11322 E. Ricks Circle for $4,567,890 – soon to be $3,750,000.

Looking for a contemporary estate in Preston Hollow? This one’s pretty, and it’s about to get even more attractive. There’s a price drop in the air, and listing agent Kyle Rovinsky is dangling it like a carrot. The Coldwell Banker agent originally listed Dallas Council Member Lee Kleinman’s home for $4,567,890 but just alerted us to a price reduction worth over $800,000 for the two-acre creek-side perch on coveted Ricks Circle in Preston Hollow.

“One-acre properties in the area are currently trading for around $1.5 million. This home affords a prime two-acre lot,” Rovinsky said. “So you are paying $3 million for the dirt and $750,000 for the commercial construction,” he explains.

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11323 Ricks Circle extI do not even know where to begin with this estate. This is a house I have known for years, watched evolve and grow up. I feel like I carpooled this house and now I am watching her get her PhD with tears in my eyes!

First of all, if you want everything all on one floor, shop no more. 11323 East Ricks Circle was built in 1963, with definite mid century lines and bones. The home was more than well cared for by the original family, and subsequent buyers remodeled with an almost bottomless budget: designer name-dropping kitchen, master bath with the most spacious custom his and her master closet I have seen, plus private patio. All wood casement windows on the back face and take full advantage of the spacious property. So you get a really solid, updated 5510 square foot one-story delight with four bedrooms, four and a half baths, formals, family room and game room. A few steps down here and there for fun, but this is a house that will save your knees.

Acreage? Try a whopping 1.5 with so many huge trees you will be raking yourself silly come fall.

Golf? You’ve got a putting green just like the one over at Lee Travino’s house, maybe better.

Pool? This one has a water slide without the controversy!

Tennis? The home has your very own lighted regulation court, which is great because I want to take up tennis again and will be your frequent guest! Also, as I discovered in our old home with a tennis court, a regulation sized court holds 25 Ducky Bob round tables easily with room for a band!

And GO FISH!

Man cave or guest house, your choice, spacious and not even within shouting distance of the house, and has full pool access. Ladies, this means your man can freaking FALL ASLEEP out there if you play your cards right, get my drift? (Hint: make them leave behind the beer fridge. You’re welcome)

11323 Ricks Circle ext.jpg CU 11323 Ricks Circle LR 11323 Ricks Circle kit 11323 Rick Circle playroom 11323 Rick Circle DRTo call this area Preston Hollow is a stretch but then, show me a Realtor who doesn’t stretch and I’ll show you an impotent agent with a sore back who has never made a sale. The area is called Hillcrest Estates, just east and slightly north of Preston Hollow, on a secured private cul de sac with fishing lakes. There is one lake, in fact, almost across the street from this home. Across Northaven, in fact. This is one of the best-kept secret neighborhoods in Dallas and I know it well. Homes fly off the shelves, and the one acre lots are being snapped up and covered with beautiful, stunning homes by builders such as Tatum Brown/Mark Danuser, Mark Molthan Platinum Series Homes, Joe Kain, Mickey Munir/Shariff Munir, Susan Newell and ArtHouse. The nasty-pants neighborhood association is long gone, and one acre lots, pure dirt mind you, are now fetching about $1.2 or $1.3. The neighborhood-run security patrol is one of the best in the city, if not THEE best. And it costs less than $1000 per year.11323 Ricks Cricle Master 11323 Ricks Circle Master bath 11323 Ricks circle pool 11323 Ricks Circle guest 11323 Ricks Circle tennis

Now wait, here is the best news: This home is listed at $2,500,000. Freaking peanuts because wait, oh just wait ’till I tell you what’s right next door: Amy and Darren Kozelsky’s $9.75 million white, light and bright Lionel Morrison contemporary.

You know what my mom used to say: never buy the most expensive home on the block. Leave that to the neighbors!6645 Northaven-1