Category: Real Estate Quarterly

Real Estate Market Stabilizes in Park Cities, Preston Hollow

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“A house that needs a lot of repairs isn’t attracting buyers. Buyers want to move in and throw a party that night.” -Kay Weeks

Real estate activity in Park Cities and Preston Hollow neighborhoods has begun to stabilize after a welcomed pickup during the first half of the year.

What that means for sellers is a seasonal slowdown, said Dave Perry-Miller agent Julie Provenzano.

“Upticks don’t really happen around the holidays in the luxury niche,” Provenzano said.


House of the Month – 3716 Binkley Avenue, University Park

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Courtesy Stevie Chaddick of Virginia Cook Realtors.

Traditional English charm, impeccable craftsmanship, and a premier location come together in this home offered at $1,420,000. The house has more than 4,300 square feet of space and features lightly-scraped wood floors and custom millwork in a design boasting a chef’s kitchen, three living areas, an office, three bedrooms, and three and a half baths — that’s including first-floor guest quarters and a master suite with a fireplace. The equally exquisite backyard has a stone patio, pool, and spa with waterfalls. The many extras include a utility room and butler’s pantry.


Damage Costs Tenants’ Deposit

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Damaged landscaping was the focus of Preston Hollow tenant lawsuit. (Courtesy photo)

Dr. Craig Schwimmer, founder of the Snoring Center, and his wife, Shanon, expected to get back much of the $16,000 security deposit they paid before moving into a million-dollar Preston Hollow rental. They didn’t.

After fulfilling their lease term and giving a 30-day notice to vacate the property, the Schwimmers moved out and waited for the homeowner to refund their deposit, half of which covered their pets.

Instead, the homeowners claimed excessive damage to the property and returned about 30 percent to the couple. So the Schwimmers hired an attorney.


Online Shopping Brings More Packages

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UPS’ Thomas Boughnon plugs information into
the software-controlled package delivery system
at La Villita. (Photo: Chirag Sainju)

Multi-family apartments are experiencing a greater volume of package deliveries as their residents increasingly go online to shop for clothing, electronics, groceries, and other products.

Lincoln Property Company-managed, upscale Armstrong at Knox, located on the edge of Highland Park, receives 585 packages a month for 165 apartments, while a much larger Lincoln property, the 740-unit La Villita in Irving, gets a whooping 1,800. With the holiday spike, volume averages 21,000–24,000 packages a year.


Dallas Gets Third Blue Star Marker

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Tim Mallad, Dana Harkey, Dr. John Gremmels, and Harriet Gibbs. (Courtesy Presbyterian Communities)

The T. Boone Pickens Hospice and Palliative Care Center, 12477 Merit Drive, now has a Blue Star Memorial marker – only the third one in the city.

“This is a living tribute that honors all of the men and women who served, are serving or will serve in the United States armed forces,” said Tim Mallad, CEO of Presbyterian Communities and Services, which owns the center.

During the dedication ceremony in October, Mallad thanked the Designers and Diggers Garden Study Club for raising the funds for the marker and club member Harriet Gibbs for suggesting the hospice as its location.


Cellars Worth Celebrating

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10777 Strait Lane. (Courtesy Dave Perry Miller)

Serious entertaining may involve serious amounts of wine. Hosts know the importance of maintaining an adequate supply. For more than 3,000 years, wine-drinking cultures have designated special places for their grape-gifted vice.

But a wine cellar is more than just storage space. It is a place to showcase a prized collection and celebrate the elixir of the gods. Some bottles may evoke treasured memories of past travels or sublime meals. Others represent promise of special days deemed worthy of a ceremonious decanting.

Those who don’t partake in wine may find such talk the height of absurdity. But for those who love their vino, these houses offer some of the most spectacular settings to admire and imbibe.


Trending in the Kitchen

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The Housewares Show in Chicago features the latest in cookware, appliances, and other products. (Photos: Christy Rost)

I’m detouring from my usual cooking column and recipe this month to focus on what’s new for homes and kitchens. Each spring, the International Home + Housewares Show draws more than 2,200 exhibitors and 62,000 attendees to Chicago’s McCormick’s Place. During the four-day event, the latest innovations and trends in household small appliances, tableware, décor, gadgets, and everyday living solutions are presented to buyers and members of the media.

As a chef and passionate home entertainer, I always feel like a kid walking into a gigantic candy store when I attend the Housewares Show. My eyes are bombarded by vivid colors, textures, familiar and unfamiliar logos, cookware of every size and shape, the latest innovations in small electric appliances, and booths carefully designed to draw attendees inside. It doesn’t take long before I envision a springtime table setting with exquisite new glassware, patterned dinnerware, and colorful linens, a springtime dinner party using a, innovative tabletop grill, or the fun of serving summer cocktails in double-walled champagne glasses.

During three solid days of visiting as many brands as possible, and armed with an overflowing appointment show calendar, I identified seven top home trends for 2017 designed to make our lives easier and our homes more comfortable, organized, stylish, and safe.