The luxury housing market in Dallas is hotter than a pistol. According to the 2017 Texas Luxury Home Sales Report released by the Texas Association of Realtors, luxury home sales jumped almost 20 percent in 2017 with a total sales dollar volume of 7.5 billion.

From October 2016 to November 2017, Texas luxury home sales jumped to 4,622 sales, making luxury home sales the smallest but fastest-growing segment of the Texas housing market in 2017.

So, you should not be surprised that our Inwood Home of the Week, a gorgeous modern Italian Renaissance at 3428 Purdue Ave. in University Park, is already under an active option contract. Regardless, we had to show it to you, because it’s indicative of what is flying off the market and why.

(more…)

VIP party guest2

Last Wednesday, we were just starting to feel a bit lighter on the scales after a weekend of eating turkey, or whatever your favorite Thanksgiving indulgence happened to be. Heritage Auctions Luxury Real Estate threw open the doors at 3908 Euclid, the Dallas-based auction house’s next big luxury real estate auction that happens NEXT WEEK! The previews begin this Friday through Monday, from 1 to 5 p.m, at the property.

And where did everyone end up after the presentation? In the DREAM GARAGE!

That’s right, you too can grab the steal deal of the century (and the best garage in Texas) for an exquisitely timeless, modern home on one of Highland Park’s most coveted streets designed by Joe McCall, built by Randy Clowdus, and offered for sale by the folks at Heritage along with Martha and McKamy Tiner from Dave Perry-Miller.

Heritage is the world’s third largest auction house and is a leader in luxury real estate auctions after several recent scores, including the successful sale and closing of 3756 Armstrong Avenue, Highland Park’s famed O’Neil Ford house. It is now the only top tier auction company to offer truly luxury properties through auctions. Utilizing a powerful platform from a client base of more than 900,000 members worldwide, Heritage Auctions specializes in marketing and selling luxury real estate valued at $2 million and above throughout the United States, the Caribbean, and in select international destinations. It is an effective alternative to selling high-end properties in a transparent, competitive bidding environment — all within 60 to 90 days.

True to it’s core business, Heritage also offers a benefit auction at each property prior to sale. Through donated paintings and furniture, funds were raised last week for Jubilee Park, a thriving residential neighborhood in Fair Park, with affordable new housing options for low income residents.

Heritage brought in Joe McCall, of Oglesby Greene Architects, who oversaw the construction of 3908 Euclid. The home is one of the most unique in Dallas. There is a six-car garage split in two, four bays decked out as a professional garage for car collectors and aficionados.

3908 Euclid is not like any other home that has been to auction in Dallas. Frankly, it has no flaws. The home was timelessly built to the most exacting standards by the owners, architect and builder. Though the brick appears to be NorthPark brick, it simply matches the same color.

The home will have an undisclosed (but easily attainable) reserve, the listing price is $6,400,000. It is listed with veteran Dave Perry-Miller agent Martha Tiner and her daughter, McKamy. Get thee to this auction for the bargain of a century!

Oh and one more thing you will not find in any other house in Dallas: a waterproof mailbox! Jump for more party photos!

(more…)