By now, everyone in the real estate industry is familiar with the term “flip.” And if you’re looking for an example of a “flip,” look no further than pretty much every single block in Midway Hollow. The area is lousy with them — both the good ones and the less than great ones. So, if you’re a real estate investor looking to make a buck, how do you make your flip stand out from the rest? 

First, you’re asking the wrong question. You should be wondering how you can do better than just a “flip.” The answer is in our High Caliber Home of the Week presented by Lisa Peters of Caliber Home Loans. It’s a listing from David Griffin & Company Realtor Janelle Alcantara in Glen Cove that is not just any “flip” — it’s a rebuild.

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3965 Boca Bay a

We’ve taken it upon ourselves to point out examples of bad real estate photos and poorly presented houses for sale.

Today, our Thursday Three Hundred is the exact opposite, a shining example of making the very best of its assets through staging and photography.

The home at 3965 Boca Bay Dr. in Northwest Dallas’ Glen Cove is an updated ranch with four bedrooms, two bathrooms, two living areas, and 2,232 square feet, built in 1965. Glen Cove is in the larger neighborhood of Glen Meadow Estates, north of Midway Hollow, a family-friendly, established area with mature trees and a sense of community. Homeowners in this area can be a member of the Glen Cove Swim Club.

It will be listed tomorrow by Beth Nunneley Mazziotta with Nunneley Real Estate for $330,000.

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Could your neighborhood, on its own, make enough noise to get the city to pay attention?

A few months ago, I attended a break-out session during the Dallas Homeowners League boot camp where Councilman Philip Kingston outlined the best ways to get the city’s attention when it comes to the needs of individual neighborhoods.

One of the biggest, he said that day, was to join forces with surrounding neighborhoods to organize and become a louder, bigger entity. It’s something Donovan Lord says drove him and others to form the Westhollow Society a few years ago.

“I started Westhollow Society out of a need for a cohesive force to better the Northwest Dallas area,” he explained. “I wanted there to be one organization that pulled the clout of all existing neighborhoods within our defined boundaries to work together to improve the area South of LBJ, North of Walnut Hill, West of Midway, and East of Dennis Road (roughly).”

In other words, Westhollow encompasses Park Forest, Royal Hills, Sparkman Club, Timberbrook, Royal Oaks, Royal North, Underwood, Northaven Park, Glen Cove, Highland Meadows, Coral Hills, Webster Grove, Walnut Hills, Royal Haven, Chapel Forest, Chapel Downs, Walnut Meadows, Northway Hills, Midway Hills, and Meadow Park. (more…)

High Summit Front

Of course, not every home will look like a page out of a magazine when it’s listed, but sometimes you don’t need a home to be dressed up for a trip down the red carpet to see its potential. That’s how I see 4104 High Summit Drive, a four-bedroom ranch in Glen Cove East that has incredible potential underneath a layer of knickknacks and tchotchkes.

High Summit Living

I can just imagine what this home will look like once completely transformed. Imagine the hardwood floors refinished to a lustre, tinted to a warm espresso, the vaulted living room walls sanded and painted to a gallery finish with artwork adorning them, the walls between separating the living and dining areas knocked down to open up the whole home for entertaining … can you see it too?

High Summit Dining High Summit Ktichen

Truly, this four-bedroom, three-and-a-half bath home with 3,600 square feet has my brain aching with the possibilities. There are two dining rooms, three living areas, and a kitchen that could really kill. The main issue is all the walls in this 1972-built traditional. The space is too choppy and segmented, and could benefit from a well-placed sledgehammer in a few areas.

High Summit Master High Summit Master Bath

And considering the price and the fast-moving area, you would definitely have a budget to renovate this home after appraisal. It’s listed by Carol Blair for $360,000, and it’s appraised at DCAD for $326,000. I would say that, considering the home’s size and amenities, you could sell it for $450K plus when upgraded.

High Summit Backyard

The big plus to this home is the lovely backyard with pool, which is in great shape. In fact, the home is in awesome shape for its age, making it a great investment opportunity.

Can you see the potential?