About three years ago, Compass Real Estate agent Phillip Murrell discovered an attractive off-market duplex in the M Streets. He liked it so much, he and his partner bought it.  Then they had to decide whether to seek out a long-term tenant or try the short-term rental market.

“At that point, Airbnb was big but a lot less tested than it is now,” Murrell recalls. “I didn’t know anyone personally who did an Airbnb.”

He initially rented out the bottom unit to a client who needed a place for six months. Upstairs, he began adding consignment furniture along with some of his own. Before long it was time to list the space and see what happened.

“The response was almost instant,” Murrell recalls. “Upstairs we were getting well over $2,700 per month.”

(more…)

When I first fell in love with Winnetka Heights, I had those ambitious stars in my eyes about historic homes. You know the feeling, like you could transform a 100-year-old house into the stylish, cozy setting for the rest of your life. Today, I am tired. Really, really tired. I no longer have stars in my eyes, and my son has drained any energy and patience I could have spent on a long-term, romantic room-by-room historic renovation. However, I still love Winnetka Heights and its beautiful streets and undeniably charming character. 

Enter this listing from Compass Dallas agent Phillip Murrell. 

“It’s such a rare opportunity to find newer construction in such a popular historic district like Winnetka Heights,” Murrell said of our High Caliber Home of the Week presented by Lisa Peters of Caliber Home Loans. The house, though less than five years old, blends well into the historic fabric of the neighborhood with its large front porch and Craftsman touches. But the respect for the neighborhood from both the builder and the sellers goes much deeper than that, Murrell noted.

(more…)

As more and more of Dallas’ urban core transforms from single-family homes to more dense, modern development, neighborhoods are seeing quite the renaissance, with more and more young professionals and city-dwelling families finding the perfect combination of location, amenities, and community. The area we call East Village — the residential neighborhood just east of City Place, near North Central Expressway — typifies this trend. 

This week’s High Caliber Home of the Week presented by Lisa Peters of Caliber Home Loans is the perfect example of a centrally located, well-designed, and superbly accessible townhome in East Village. It’s a listing from Compass agent Phillip Murrell that will show you that you can have it all, perfectly wrapped up in beautiful modern design.

“Buyers will love that this home is newer construction, but isn’t the same cookie-cutter, three-story townhome,” Murrell said of 2321 Rusk Court. “At two stories, this home has a true modern design that capitalizes on its lengthy floor plan to afford the homeowner an incredible amount of natural light.”

(more…)

When you imagine hanging your stockings with care, what does that fireplace look like? Is it a couple of cute little socks next to yours and your partner’s? If so, we have the perfect mantle attached to the perfect Hollywood Heights Tudor for you and your tiny-stockinged charges. It’s our High Caliber Home of the Week presented by Lisa Peters of Caliber Home Loans. 

As listing agent Phillip Murrell tells us, 919 Valencia is an absolute stand out in Hollywood Heights, which is one of our very favorite neighborhoods in East Dallas. The whole area is just swimming in adorable brick-and-stone Tudor architecture, and is a historic conservation district, which means that the adorable feel you fell in love with when you first moved in will be there long after you move out.

Our High Caliber Home of the Week is an adorable Hollywood Heights Tudor on a corner lot on one of the most adorable streets in the neighborhood.

(more…)

As more people move across the nation for jobs and opportunities, so do more people become what’s termed “holiday orphans.” These folks are often left to their own devices for Thanksgiving, with family either too far away to travel to on short notice, their children at their ex-spouse’s home, or their jobs far too demanding to take a full Thanksgiving vacation. While not ideal, these situations have snowballed into the trend of “Friendsgiving,” which is when a group of holiday orphans gather to celebrate Thanksgiving in lieu of a family gathering. 

If you’re like me and you love to host gatherings but you’re not exactly eager to rehash the same discussions with your crusty, distant relatives, then you’ll find the idea of Friendsgiving rather appealing. And this new listing from Compass Dallas agent Phillip Murrell is the perfect modern townhome to host an elegant gathering of fellow holiday orphans (without the chainsaw-like snoring in the background of your least-favorite uncle). Plus, it’s so close to the Katy Trail, which will come in handy when it’s time to walk off all of that pie.

This stellar modern townhome at 4206 Buena Vista is yet another High Caliber Home of the Week presented by Lisa Peters of Caliber Home Loans. And if you can’t get this beauty under contract by Thursday, there’s always Christmas feasting in the future, so call Lisa Peters now to make sure you can move in and host the next big holiday gathering in that gorgeous, light-filled dining room.

(more…)

Oak Cliff is just lousy with beautiful historic homes, but it can be somewhat of a crapshoot buying a flip that is older than a certain age. And some neighborhoods have a diverse array of homes from different periods, none quite so striking as the Dells District. This neighborhood, according to Heritage Oak Cliff, features brick and stone cottages from the ’20s and ’30s originally developed by a Mr. Irwin — hence the name of one of the major streets, Irwindell. More houses were built after World War II in the ranch vernacular.

The Dells District is also home to this adorable, exceptionally renovated listing from Phillip Murrell of Compass, which is also our High Caliber Home of the Week presented by Lisa Peters of Caliber Home Loans. 

“One sure-fire way to recognize a solid remodel is when the builder thoughtfully reconfigures and modernizes a historic home, but restores as much of the distinct, original features as possible,” Murrell said. “The next lucky owner will enjoy a ‘like-new’ home without sacrificing the soul and story that makes it extraordinary.” 

(more…)

Now, don’t get me wrong — I do love the charming painted wood siding, columns, and porches of the beautiful historic homes of Winnetka Heights — but when you see as much real estate as I do, you know that judging one of these homes by curb appeal alone is like ordering a steak from the picture of the cow it came from.

And again — don’t get me wrong — I love steak. But not all Winnetka Heights homes have beautiful interiors and great finish-out, just like not every good-looking cow is going to turn into a great steak. That’s one of the main reasons why this gorgeously renovated Winnetka Heights Historic District home is our High Caliber Home of the Week presented by Lisa Peters of Caliber Home Loans

(more…)

Yet another high-profile agent has decided to leave a local brokerage for Compass Real Estate. In early June, Phillip Murrell made what he said was the extremely difficult decision to leave Dave Perry-Miller after more than three years. He cited Compass’s technology and innovative marketing as deciding actors.

“I wasn’t looking for a change at all,” Murrell said. “It was one of the hardest decisions professionally that I have made. Lee Thomas and the people over at Dave Perry-Miller are some of the best people in the world.”

(more…)