This $27.5M Southlake mansion with state-of-art studio, waterslide and more hits market

A $27.5M estate in Southlake has hit the market, and it might be a music producer’s dream. The three-level home was custom built in 2016.

A $27.5 million estate in Southlake has hit the market, and it might be a music producer’s dream.

Sure, the photos show it. It’s got all the things you’d expect to find in a sprawling North Texas mansion and then some. There are eight bedrooms, eight full bathrooms and three partial baths.

The home at 1469 Sunshine Lane sits on a more than 3.5-acre lot near Grapevine Lake. The three-level home was custom built in 2016.

But the biggest draw to the 31,234-square-foot mansion might be a state-of-the-art studio unlike most others.

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Source: The Dallas Morning News

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2 Dallas neighbors top the list of best real estate markets in America

A WalletHub report ranks McKinney and Frisco, DFW towns, as the top two best real estate markets in America.

For those looking to rent an apartment or buy their first home, Dallas-Fort Worth is the place to be: According to a new report by WalletHub, DFW towns McKinney and Frisco were crowned the No. 1 and No. 2 best real estate markets in America, and two more in the area — Denton and Allen — also ranked among the top 10.

The study took an in-depth look at real estate markets in 300 U.S. cities based on 17 metrics, including median home price appreciation, the ratio of rent price to sale price, vacancy rates, housing and maintenance affordability, population and job growth, and more.

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Source: Culture Map Dallas

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DFW Real Estate Briefs: Dicks Sporting Goods announces a Fort Worth distrubtion center

DICKS Sporting Goods is bringing a new 800,000-square-foot distribution center to Fort Worth, expected to add 300 new jobs over 10 years.

DICKS Sporting Goods is bringing a new 800,000-square-foot distribution center to Fort Worth in a deal that’s expected to add 300 new jobs in the area over 10 years. With plans to serve about 100 stores across the country, the center will be situated on nearly 90 acres in the Risinger/35 Logistics Park, a Hillwood development. Hillwood will kick off construction this fall and is targeting a completion of early 2026.

Lincoln Property Co. to collab with Centennial

Global real estate firm Lincoln Property Co. has announced an investment in Dallas-based retail real estate concern Centennial. The partnership will give Centennial access to capital and resources for national expansion and position Lincoln for new mixed-use development opportunities. The vision is to focus on identifying and rehabilitating underperforming real estate by leveraging Centennial’s history in mall operations and Lincoln’s experience across asset classes.

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Source: D Magazine

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D-FW developer plans 2,200 homes in growing northern corridor

Centurion American Development Group closed on 667 acres in a growing corridor far north of Dallas that will hold more than 2,000 homes.

One of North Texas’ busiest developers recently closed on 667 acres in a growing corridor far north of Dallas that will hold more than 2,000 homes.

Centurion American Development Group announced the deal Friday. The Farmers Branch-based developer said it plans to bring 2,200 new homes in Van Alstyne.

Mantua Parkway, Collin McKinney Parkway and County Road 222 border the development. It sits near the Collin and Grayson county lines.

The name of the development and the builders on the project will be announced this fall, the firm said.

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Source: The Dallas Morning News

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Developer ready for work soon on seniors’ high-rise in Dallas’ Turtle Creek

The Vivante at 2505 Turtle Creek Blvd. will hold 164 assisted living units and 29 memory care units. Estimated construction costs are $150M.

A California-based developer is expected to begin work on a new high-rise for senior residents in Dallas’ Turtle Creek neighborhood.

Nexus Development Corp. plans to build The Vivante at Turtle Creek, a 20-story assisted living building with two levels of underground parking.

The tower at 2505 Turtle Creek Blvd. will hold 164 assisted living units and 29 memory care units. Estimated construction costs are $150 million, according to a filing with the Texas Department of Licensing and Registration.

Work is expected to begin in October and be completed by October 2026, according to the filing. Information in the state filings are preliminary and subject to change.

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Source: The Dallas Morning News

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Fort Worth sells land, plans $4.6M investment to support development on East Berry

Mixed-use development in east Fort Worth’s Stop Six neighborhood may be on the way at the intersection of East Berry Street and Stalcup Road.

Mixed-use development in east Fort Worth’s Stop Six neighborhood may be on the way at the intersection of East Berry Street and Stalcup Road.

City officials started issuing initial funds for the project Aug. 6. The city is considering awarding a total of about $4.6 million to support development.

The Local Development Corp., which is composed of City Council members, approved the sale and subsequent rebate of two tracts at 5401 E. Berry St. and 5425 E. Berry St. to a pair of developers for $886,551.

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Source: Kera News

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Dallas on the market — A Bluffview beauty with a sauna, tornado room, wine room, and a dog room

A custom design by top Dallas architect David Stocker, the new build by Faulkner Perrin is a labyrinth (with a great flow) of luxe finishes.

Many a Dallas residential real estate listing will claim to “have it all,” but for my money, few rarely deliver. A recent exception to this rule, however, is 8404 Swananoah Road. The 7,600-square-foot beauty in Bluffview has fit nearly every possible modern amenity onto its .5-acre lot. Things like Lutron lighting, phantom screens, and top-of-the-line appliances in the chef’s kitchen seem standard by comparison. (Though this home has those too, naturally.)

A custom design by top Dallas architect David Stocker, the new build by Faulkner Perrin is a labyrinth (with a great flow) of luxe finishes. Tucked behind a striking privacy wall, a glass-walled entryway opens onto an expansive living and kitchen area with gleaming floors of polished concrete. Hocker’s design is as thoughtful as always (revisit his timeless Highland Park hacienda that was featured in our pages last year), but the real differentiator at this Bluffview home is its staggering list of amenities.

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Source: Paper City

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5 things to know about the D-FW housing market

Higher prices, interest rates have led developers to adjust recently, coming up with their own solutions to deliver a cheaper home.

It’s an interesting time in the Dallas-Fort Worth housing market.

As the region topped an estimated 8 million in population, developers have erected more homes and apartments at an unrivaled pace. But various organizations say there’s still a shortage of units.

Higher prices and interest rates have led developers to adjust recently, coming up with their own solutions in an effort to deliver a cheaper home.

A jump in the supply of single-family homes has brought prices down slightly. But buyers haven’t flooded the market just yet.

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Source: The Dallas Morning News

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This westside neighborhood in Fort Worth has been hiding in plain sight

Calling all Midcentury Modern house lovers! You can now add Sunset Acres to your real estate shopping map.

Calling all Midcentury Modern house lovers! You can now add Sunset Acres to your real estate shopping map.

Sunset Acres you ask? Sounds like a retirement community in Arizona. I hadn’t heard of it either till Lisa Logan, League Real Estate agent and neighbor brought it to my attention. Sunset Acres is obviously not in Arizona, but, in fact, situated in a desirable and appreciating Westside location off Burton Hill, bordered by Westover Hills, Crestline Neighborhood, and the West Fork of the Trinity River. Think of it as an adjunct of the more familiar Burton Hill Trinity Trails.

Fixer uppers here can be had for much less than houses in other Midcentury Modern neighborhoods like Ridglea Hills. Our focus this week is an absolutely move-in ready, updated 2,167-square-foot Ranch at 5425 Santa Marie Ave. The exterior has lots of curb appeal with southwest-themed landscaping and saffron-colored brick complimented by soft sage trim. Attention extends to the custom semi-circular guttering.

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Source: CandysDirt

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Defining a buyer’s market ‘is always a bit tricky,’ real estate expert says

Even as home prices hit new highs, experts say there are signs that the housing market is becoming better for buyers in some locations.

Even as home prices hit new highs, experts say there are signs that the housing market is becoming better for buyers in some locations.

The median cost of an existing, single-family home in the U.S. was $426,900 in June, a new all-time high, according to the National Association of Realtors. About 3.89 million homes were sold in June, a 5.4% decrease from May, NAR found.

While mortgage rates have declined from their May peak, borrowing costs remain expensive for buyers. The average 30-year fixed rate mortgage in the U.S. nudged up to 6.78% from 6.77% on Thursday, according to Freddie Mac data via the Federal Reserve.

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Source: CNBC

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