Our Splurge: Sylvia Scott has listed 3401 Lee Parkway Apt 803 for $665,000.

Dallas real estate may be cooling down, but these high-rise condos are hot, hot, hot! For this week’s Splurge vs. Steal we take you downtown to the best that money can buy … on a budget. Which would you choose The Mayfair splurge or The Metropolitan steal? Be sure to let us know in the comments.

Splurge: High-Rise With Views Of Lee Park And Turtle Creek For $665K

This condo caught our eye, not only for the price but for the virtual staging. As it turns out, listing agent Sylvia Scott of Briggs Freeman Sotheby’s International Realty showcased those images for good reason.

“I used the virtual images provided by a company who works exclusively for Sotheby’s International Realty and available only to Briggs Freeman locally, to show buyers how a little paint and different furnishings can completely transform the look of the unit, which had been more traditionally furnished by the previous tenant,” Sylvia explains. “I specifically had a client who could not figure out what to do with the alcove in the living room and I was able to show her these photos to give her an idea of what to do with that space. Providing tools like this can help buyers see the potential in an otherwise great opportunity!”

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Find the Ultimate Luxury High-Rise Living with Expertise of Ebby Halliday Realtors | CandysDirt.com

Hi-rise living is a popular option, especially in some of the best buildings in Dallas. Whether you’re buying or selling a hi-rise home, you need an expert on board to help navigate the process. 

I’ve found the Realtors at Ebby Halliday to be some of the most knowledgeable in the business, and they certainly get some fabulous listings! I’ve found three you’ve got to see, including a penthouse at The Mayfair that has us all enamored. 

 

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When a condo is first built and still controlled by the developer, HOA dues are kept low to not scare off buyers. Once the developer is gone, those payments have to be reassessed to ensure they meet the needs of the ongoing repair and maintenance of the building. (Hint, they’re not.) The Mayfair, neighboring Lee Oak Lawn Park, is 18 years old, and like all buildings, various maintenance requirements need to be met. 

Soon after the Mayfair gained independence, they began conducting reserve studies that detailed the condition  of their infrastructure, its life expectancy, and estimated costs to repair or replace.  As you know, I’m big on HOAs doing reserve studies to avoid surprises that typically equate to a special assessment and/or the sudden failure of a critical element of a building (That noise you heard? Surprise! The A/C will be out for the month of August).

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