2823 Reedcroft Drive, Farmers Branch, TX is currently listed by Jeffrey Neal of Keller Williams Realty Dallas Preston Road for $529,000. Photo Credit: Realtor.com

If you’re anything like me, you read Candy’s recent article “The Best Kept Real Estate Secret in North Texas: Farmers Branch” and wondered if there’s a home in the area for you. Well this week’s Friday Five Hundred just might fit the bill. It’s a 1966 ranch ideally nestled in Farmers Branch along Malon Creek, currently listed for $529,000 by Jeffrey Neal of Keller Williams Realty Dallas.

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What if I told you about a splash of dirt that was just north of LBJ near Marsh Lane, verdantly green, faces an idyllic lake with a bridge where the kids can fish, ducks can prance, a weekend Farmer’s Market is within walking distance, and your taxes are among the lowest in Texas?

Oh and the neighbors are terrific!

Dallas Home builder Bob Hoebeke looked all over north Texas literally — Richardson, Plano, Frisco — until he made his discovery in Farmers Branch.

“I devised a route,” he told me, “I drove all over tarnation looking for lots. When you reach a certain age, and you semi-retire, you don’t need expenses (TAXES, high energy bills) to swallow a huge portion of your income — you need your income for fun. But still, you want your dirt for the grandkids. And if you play golf, Brookhaven Country Club is just down the street.”

Bob turned right on Bee Street, and found Danny Lane. There sat an old white farmhouse on two lots. It was acreage. It had trees. It had a lake across the street. Bingo. In 24 hours he had it under contract to buy. Two other pieces of adjoining property pushed back to Leta Mae Lane so he created a two acre spread that will hold five lots of about .25 acre each, ultimately five homes, all developed by Hoebeke Properties.

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Rudy Giuliani, Zach Ipour, and Kevin O’Leary in Farmers Branch Tuesday

I cannot call it a party, because it was so much more. I have been to a lot of Realtor’s parties. This one REALLY topped them all. Zach Ipour, founder and CEO of Megatel homes, threw a MEGA EVENT Tuesday night, a VIP experience, for the North Texas Real Estate world at Mercer Crossing, the 370 acre planned community in Farmers Branch, just north of 635 and the Luna Road exit. The billion dollar mixed use development will dramatically shift the southwestern corner of Farmers Branch into a Viridian-type environment.

I know what parties cost, and this one had at least 2500 real estate professionals, with full bar service and seated dinner. There was a huge white tent with a/c. Even the bathrooms were tip-top, those nice white trailers just like the ones at the Pebble Beach Concours D’Elegance. There was a smattering of tip top producers, too, from Dave Perry-Miller’s Ryan Streif and Charles Gregory, who has already sold two homes in Mercer Crossing, ReMax Premiere’s Von Truong, Bryan Poche, Dallas City Center’s Lisa Marie Dyess-Richardson, the ubiquitous Jeff Lindigrin, and more. Donations were also raised for Guns and Hoses Foundation of North Texas.

But get this: Kevin O’Leary, Mr. Wonderful of Shark Tank, and former New York City mayor Rudy Giuliani, who made even more news after leaving Texas, were keynote/ribbon-cutting speakers. The two sat right among the dinner guests, posing for pictures.

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Farmers Branch

A Todd Bonneau custom home. Photo: Todd Bonneau Homes

Once upon a time, a decade or two ago, Farmers Branch was a sleepy suburb with older homes, older shopping centers, and older infrastructure. It wasn’t a bad place to live, but it wasn’t exactly topping the charts of vibrant cities in DFW.

The housing stock, in particular, was fraying around the edges and many aging residences needed a total overhaul. But Farmers Branch reached buildout in the 1970s, so if something new was to go in, something old needed to leave.

But then the city woke up. They adopted a forward-thinking, progressive approach, and builders and developers took notice. The city, which already had parks and green space, has started better utilizing those areas for residents and visitors. Shopping centers and other commercial buildings are getting facelifts, partially funded by the city. Dilapidated houses are being torn down on the city’s dime and the empty land sold to encourage better homes with a higher tax base. Multi-family developments are in phased developments to create a work-play-live, walkable atmosphere.

The result? A Renaissance, of sorts, showing up across all sectors of the Farmers Branch community. This suburb is sleepy no more.

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