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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6414 Deloache Front

Father’s Day is Sunday, and if you’re looking for a special way to surprise Dad and house hunting at the same time, this home will make any father flip his lid!

This Southern Traditional at 6414 Deloache — one of the most coveted streets in Preston Hollow — has a private study full of rich wood paneling and cabinetry, perfect for hanging trophies and memorabilia, with French doors leading to a private porch which has the most perfect little putting green! What father wouldn’t want to come home to this spot for a bit of unwinding before family dinners?

6414 Deloache Study 6414 Deloache Putting Green

A private listing from Dave Perry-Miller agent Clarke Landry, this beautiful home is marketed for almost $1.7 million and has five bedrooms, five full and two half baths, a master wing and guest suite on the first floor, and more than 6,200 square feet of custom-built luxury. Every detail has been seen to, especially with the amazing backyard that is just excellent for entertaining with an instant-heat saltwater pool and a deliriously beautiful deck that has outdoor acces to the wet bar — a genius idea if I’ve ever seen one!

6414 Deloache bar

The kitchen is spot on with a huge island and built-in appliances and a professional gas range with double ovens, all stainless, of course. The breakfast bar is excellent, a way to maintain cabinet space while still keeping the connection between living and kitchen spaces — a feature that families are demanding more and more these days.

6414 Deloache Kitchen 6414 Deloache Family

In the master suite there is plenty of room for a sitting area, making this a great room for a weekend sequester from responsibilities. The bedroom is a perfect example of the designer paint and wide-fashioned trim throughout the home — a great detail that makes ordinary layouts pop! I also love that there are tons of ceiling fans in this home.

6414 Deloache Master 6414 Deloache Master Bath

 

I am a huge proponent of ceiling fans not just to lower cooling costs, but also because I am Southern and I can’t stand to have still air in the house. However, I have rarely seen a ceiling fan in a bathroom, which isn’t a bad thing, but different. When I stayed at an old manor house in Key West there were ceiling fans in the bathrooms, which wasn’t altogether unpleasant!

6414 Deloache backyard

Still, I am in love with this house, right down to the mouldings and brick and gorgeous fireplaces. Especially the backyard with its amazing pool and huge deck. I just know the right buyer will come along and get bowled over by all of the details, especially that study — a total win for Dad!

6414 Deloache Front

Father’s Day is Sunday, and if you’re looking for a special way to surprise Dad and house hunting at the same time, this home will make any father flip his lid!

This Southern Traditional at 6414 Deloache — one of the most coveted streets in Preston Hollow — has a private study full of rich wood paneling and cabinetry, perfect for hanging trophies and memorabilia, with French doors leading to a private porch which has the most perfect little putting green! What father wouldn’t want to come home to this spot for a bit of unwinding before family dinners?

6414 Deloache Study 6414 Deloache Putting Green

A private listing from Dave Perry-Miller agent Clarke Landry, this beautiful home is marketed for almost $1.7 million and has five bedrooms, five full and two half baths, a master wing and guest suite on the first floor, and more than 6,200 square feet of custom-built luxury. Every detail has been seen to, especially with the amazing backyard that is just excellent for entertaining with an instant-heat saltwater pool and a deliriously beautiful deck that has outdoor acces to the wet bar — a genius idea if I’ve ever seen one!

6414 Deloache bar

The kitchen is spot on with a huge island and built-in appliances and a professional gas range with double ovens, all stainless, of course. The breakfast bar is excellent, a way to maintain cabinet space while still keeping the connection between living and kitchen spaces — a feature that families are demanding more and more these days.

6414 Deloache Kitchen 6414 Deloache Family

In the master suite there is plenty of room for a sitting area, making this a great room for a weekend sequester from responsibilities. The bedroom is a perfect example of the designer paint and wide-fashioned trim throughout the home — a great detail that makes ordinary layouts pop! I also love that there are tons of ceiling fans in this home.

6414 Deloache Master 6414 Deloache Master Bath

 

I am a huge proponent of ceiling fans not just to lower cooling costs, but also because I am Southern and I can’t stand to have still air in the house. However, I have rarely seen a ceiling fan in a bathroom, which isn’t a bad thing, but different. When I stayed at an old manor house in Key West there were ceiling fans in the bathrooms, which wasn’t altogether unpleasant!

6414 Deloache backyard

Still, I am in love with this house, right down to the mouldings and brick and gorgeous fireplaces. Especially the backyard with its amazing pool and huge deck. I just know the right buyer will come along and get bowled over by all of the details, especially that study — a total win for Dad!