Posts Tagged ‘park cities’

Premier Living in Dallas

Monday, June 20th, 2011

Park Cities is one of the most highly desirable areas of Dallas. Consisting of Highland Park and University Park, Park Cities is just six square miles and holds the unique distinction of being completely surrounded by the city of Dallas. As a result, this area is quite beautiful, quite affluent, and quite exclusive.

Many of the residents of Park Cities enjoy the seven-minute commute to downtown Dallas, thereby making it a popular place to live for city professionals. Park Cities, although it is located within the city, boasts its own public services and its own school district, the Highland Park Independent School District, which is highly rated in terms of academics. The Highland Park Independent School District is ranked in the top 25 schools in the nation and is consider to be one of the prestigious school districts in the country.

Because of the exceptional location of Park Cities in terms of proximity to the city of Dallas, this area has often been home to many notable residents, such as politicians and top businessmen.

University Park

University Park is located just five miles from downtown Dallas and is home to Southern Methodist University, the area

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Why Luxury Real Estate in Dallas is More Attainable than Ever

Friday, October 2nd, 2009

All those overpriced Dallas estates may not be so overpriced anymore. Take Highland Park, for example. It is now not uncommon to see estates – many of which have been sitting on the market for well over six months now – to be going for much, much less than their original sales price. Luxury real estate owners are now relenting and lowering prices; and not just a little.

There’s one thing for certain when it comes to Dallas luxury real estate: pricing is king. Dramatic price cuts on some of the most highly desired properties in Dallas may just do the trick for many would be buyers.

North Dallas and the Park Cities neighborhoods clearly reflect this dramatic downturn in prices, where shaving $1 million off the price of a house is no longer out of the question.

In fact, more than 25 percent of the homes have seen a reduction of about 8 percent.

This poses quite a problem, given that luxury real estate sales in the Dallas area – specifically, homes priced over $1 million – have fallen by more than 40 percent this year.

Luxury real estate sales in the Park Cities neighborhoods have fallen by 35 percent since the first, eight months of the year while, overall, sales of Dallas homes have fallen about 19 percent. Sales in North Dallas are down nearly 22 percent.

Much, much tougher lending standards have thwarted many buyers from purchasing luxury properties in Dallas, and the weak economy has scared off the rest.

A drop in household wealth, combined with lenders demanding only the most flawless credit scores, has weeded out the majority of buyers in the Dallas area. It only makes sense, as well, that most buyers eligible for luxury real estate have seen their investment portfolio dwindle down over the last year.

In fact, many industry experts have seen the credit market for high-end properties all but disappear, thereby leaving many of these luxury homes sitting on the market.

Bad for sellers; quite the opportunity for buyers. Buyers are calling the shots and are now in the driver’s seat when it comes to their luxury real estate purchase in Dallas.

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Park Cities Real Estate

Friday, April 10th, 2009

Park Cities is a term used to describe two areas of Dallas: Highland Park and University Park, which are adjacent to one another. These affluent suburbs of Dallas are known for having some of the highest income and the most expensive houses in the Dallas area, as well as the state of Texas.

In fact, the real estate in the Park Cities area is highly coveted among those seeking an upper-class lifestyle in Dallas. The real estate in these areas is not only some of the most expensive, but some of the oldest, as well. It is commonplace to see stately, historic Tudors and Colonials amidst perfectly manicured lawns, lush gardens and towering oaks.

Both Highland Park and University Park are served by the Highland Park Independent School District, which is one of the most highly coveted districts in the Dallas Metroplex.

Park Cities also enjoys a convenient location near downtown Dallas and the Dallas-Fort Worth International Airport, which is ideal for professionals, as well as those that enjoy the excitement, sites and sounds of the city and its culture, restaurants, shopping and entertainment.

Highland Park

Highland Park homes range in price from the high $300,000s to well over $5 million. The median price for a home in Highland Park is $1.2 million. In addition to single-family homes, Highland Park and University Park also have a nice selection of townhomes and condos for those seeking the Park Cities lifestyle on a more affordable level.

Other reasons to love Highland Park include its beautiful parks, tree-lined streets, public libraries and great shopping. The Highland Park Villages and Shops boast great, upscale shops and boutiques.

University Park

University Park features many, historic homes, most of which are priced for the most affluent of Dallas residents. Formed around the University Park Civic Foundation, which serves its residents through educational and charitable activities, University Park enjoys a strong sense of community.

University Park real estate, which rivals Highland Park in terms of median price, has enjoyed a cumulative appreciation on its real estate of 99 percent annually, which is in the top 30 percent of communities nationwide.

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The Top Ten Reasons to Love Highland Park

Tuesday, October 28th, 2008

Highland Park is perhaps one of the most gracious, stunning communities in the United States. Its homes rival those seen in Beverly Hills, which is why Highland Park has often been called the Beverly Hills of Dallas. Exclusive homes, jaw-dropping architecture and meticulously maintained lawns are just a few of the reasons why you should make Highland Park home.

The following top ten list details all that Highland Park has to offer:

1. Amazing, historically significant homes with a variety of architectural styles, such as French Estates, Classic Tudor Style, Colonial Revival, English Cotswald, Spanish Mediterranean Villas, Spanish Colonial Revival, Italianate Villas and French Renaissance Chateau.


2. Is often referred to as one of the most beautiful communities in the nation.


3. Meticulously landscaped lots with blooming azaleas and Texan-sized pecan and oak trees. Highland Park is often revered for its superbly maintained homes and landscape.


4. Highland Park reserves 20 percent of the available land for parks and green spaces. A beautiful blend of prestigious homes and wide open green space compliment this suburban haven.


5. The Highland Park school district is highly regarded as one of the finest educational institutions in the country.


6. Highland Park Village Shopping Center, which was the first shopping center in the country, is now an exclusive enclave of high-end shops and boutiques, as well as gorgeous grounds and landscaping.
7.Located just four miles north of downtown Dallas. Commuters into the city will find the location of Highland Park to be incredibly convenient.


8. Part of the Park Cities community. University Park and Highland Park comprise Park Cities, which offers an abundance of services and community facilities.


9. Local parks include Abbott, Davis, Fairfax, Flippen, Lakeside and Prather Parks.


10. Most houses in Highland Park sell for well over $500,000, and for good reason. This exclusive community offers some of the finest real estate in Texas.

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