Squee! I feel like this custom craftsman-style home at 5848 Prospect Avenue could easily serve as the set for some adorable prime-time TV family. How cute is this house? Cute and smart, apparently! Built in 2011 by JLD Custom Homes, this beauty is Energy Star Certified, with an interior as precious as its drive-up. The location is hard to get over, too. It’s walking-distance to Lower Greenville and just two short miles to White Rock Lake. If you work downtown, that adds up to a pretty painless commute.

Listed by Jan Baldwin with Briggs Freeman Sotheby’s International Realty for $679,900, this three-bedroom, three-and-a-half bath stunner features a modern floor plan wrapped up in the ultra-charming exterior of a bygone era. And every inch of its 2,372 square feet feels warm and inviting.

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The spec house at 6115 Desco Dr. will look similar to this. Photo courtesy Shoot2Sell.

The spec house at 6115 Desco Dr. will look similar to this, also built by LRO Residential Development.

Spec homes are a sign of strong builder and bank confidence in a market, as they are created without any specific buyer in mind, just the belief that one will be interested once it is completed. The higher the price tag, the higher the stakes.

In our inventory-parched market, homebuilder Les Owens, President of LRO Residential Development, has that confidence in the Dallas market, even at multi-million-dollar levels. He’s starting two spec houses this month, one in Preston Hollow for $3.15 million, and another in Devonshire for $2.2 million.

Both houses are available for customization, but Owens is breaking ground now and says he will complete them in late summer/early fall this year.

As we reported earlier this month, luxury home sales in Dallas-Fort Worth skyrocketed in 2014—those with prices of $1 million and up grew 15 percent year-over-year, the second highest sales volume in Texas (bested only by Houston).

Luxury home sales in DFW represented 1.2 percent of the market, and top-performing luxury brands are seeing more multi million-dollar sales in areas that have strong resale value and high existing demand.

“Established neighborhoods and homes of significance in coveted areas such as Highland Park, Preston Hollow, Greenway Parks, and The Volk Estates are desperately pursued, and the quality of the design continues to be a driving factor,” said Caroline Summers, a Briggs Freeman Sotheby’s agent. Jump to read about the houses and see photos!

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