Dallas Real Estate- New, Elite Neighborhood Starts at $4M

By
Real Estate Agent with Regent Property Group 0480809

The property at the corner of very busy Royal and Inwood was finally settled.  It will be turned into a very Elite Neighborhood called the Creeks of Preston Hollow.  Perot's company, Hillwood Residential will be working the deal.

They are anticipating building 17 properties within this 22 acre area.  Some will be spec homes and others will be custom.  Lot prices alone will range from $1.5- 3.5M and the homes themselves will range from $4-12M.

So, if you're going to spend anywhere near $4M, wouldn't you want the entire house to be custom?  I can't believe they would build a spec in this price range.  They're going to start building and then a buyer, with lots of money and power, will come by and ask for this wall to be moved and this room to be added and on and on.  With this type of money, they should all be custom homes.

Specs are good for the under $200k price (in the Dallas market), but once you get higher than that, the buyers like things to be custom to their likings... maybe the builders will allow these "Elite" buyers to at least pick the flooring!!

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the tshirt to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Tags:
creek at preston hollow
dallas real estate
dallas homes
hillwood residential

Comments 1 New Comment

Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the foot to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Rainer
295,075
Teri Isner
GRI, CRS, CIPS
Keller Williams Celebration
Donna we have seen 3 million dollar specs here sell they were lakefront lots but usually in this price range people want to build what they want as you say.   Some people just don't care thought and are ok with having the whole process done.
August 22, 2006 01:52 PM
Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the eye to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Rainmaker
1,359,427

Donna Harris

Realtor, CDPE & ASP - Hill Country Lakeway Austin
Are you Packed for Austin? I can help!!
*
*
*
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the man to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Additional Information

This blog is to help educate Buyers, Sellers and even other Realtors across the country.  Each market is different and the way Real Estate is done is different.  Austin Real Estate is completely different than Dallas, California and Florida and everywhere else in between.  Some times there will be other things besides real estate as I like to rant and rave as much as the next!!  Come back often!

Donna Harris, REALTOR® with RE/MAX
Donna Harris, REALTOR® with RE/MAX
Promote Your Page Too

Homes For Sale Austin, Texas Real Estate: Donna Harris's Luxury Real Estate & Condo Top 10 List!

Texas Yellow Pages
blogarama - the blog directory