Sweeping manicured lawns, private tree-lined entrances and secluded estates amid nature's raw beauty are hallmarks of the Preston Hollow area of Dallas. In fact, this elite community is the embodiment of luxury living at its finest with homes that look like palaces or replicas of chateaus from Champagne and Burgundy in France.
Bounded by Northwest Highway on the south, Forest Lane on the north, Midway Road to the west and Central Express Way to the east, Preston Hollow is located only 15 minutes from downtown Dallas. In addition to the quiet country lanes, large lot sizes, towering trees and unique architectural home styles, a large part of Preston Hollow's appeal lies in its premier close-in location and quick accessibility to the greater Dallas-Fort Worth metropolitan area.
The North Dallas Tollway runs through the community providing easy access to downtown, DFW International Airport and the North Dallas/Plano business centers. Northpark Mall, Preston Center and Preston Royal Shopping Centers offer residents of Preston Hollow some of the best dining and shopping in the Metroplex. Lake Forest is a secluded enclave surrounding a natural lake in a charming, private park environment. Churchill Downs is another enclave area with newer luxury homes.
Preston Hollow residents are served by the Dallas Independent School District (DISD) and some of the most elite private schools in Texas, including Hockaday and St. Mark's. SMU is just a 5-10-minute drive away for residents in pursuit of a degree in higher education. Real estate options in Preston Hollow consist of single-family detached homes, estate properties, condominiums, townhouses and land lots.
Local Real Estate Market: Prices of Preston Hollow, Texas Homes for Sale
Mixed among the replicable chateaus are two-story homes of the past and darling cottages. Preston Hollow is a community of many wealthy, sophisticated families who actively seek the private and exclusive lifestyle afforded in its varied developments. Homes with acreage, tennis courts, pools, lavish grounds and the latest amenities are the rule in Preston Hollow rather than the exception. Architectural styles from colonnaded southern mansions to sleek contemporary single-family homes are available through some of the finest custom-home builders in the area.
Prestigious neighborhoods such as Preston Hollow East, the Estates of Avalon and Lakes of Preston Hollow are secluded enclaves. Price ranges here are $225,000 to $4.5 million in the mansion area. Lake Forest and The Downs are gated neighborhoods where homes are surrounded by man-made pools, and waterfalls. A small selection of condominiums and townhouses vary in price due to size, location, and amenities. Land and lots are available for custom building. Russwood Acres offers lots of at least a half-acre for less than $800,000.
Preston Hollow Real Estate Stats and Trends for the week of July 28th, 2014: homes priced around $733,190 compared to $986,129 the previous week, showing a decrease of less than -34%. For Wednesday, July 30th, the current national mortgage rate for a 30 year fixed mortgage is 4.29%; the 15 year fixed rate is at 3.23%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.67%, while the 15 year jumbo rate currently is at 3.70%. You can calculate your mortgage rate with our mortgage calculators. Get local info and homes for sale in Preston Hollow TX. View active real estate listings for different types of properties including new homes, houses for sale, foreclosures, short sales, and price reduced listings. Find information and property resources including prices of recently sold homes, neighborhood information, crime stats, home values, and schools in Preston Hollow to help you find the best home!