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Dallas Historic Neighborhood - Peaks Addition - East Dallas Living

Posted by Cecilia Miranda on Wednesday, May 25th, 2022 at 11:16am.

Peak's Addition is a Historic District that was the earliest developed part of East Dallas. Established in the 1850s, Peak's Addition is Dallas' fourteenth historic district.

The development of Peak's Addition is peculiar in that it features three distinct architectural styles. Furthermore, the area showcases one of the highest concentrations of Victorian homes in Dallas.

From its railroad boom of the 1800s that saw it become the commercial and transportation hub of North Texas, Peak's Addition is one of the few preserved pockets of historic areas that are still standing in Old East Dallas. Whether you are a first-time buyer looking for a starter home, or you just want to settle in a locale rich in history, our real estate agents are ready to help you achieve your goal.

Location and History

Developed around the railroad depot, Peak's Addition lies within the boundaries of old East Dallas. A separate municipality, it was incorporated between 1882 and 1889. Bounded by Live Oak Street, Peak Street, Fitzhugh Avenue, and Worth Street, Peak’s Addition covers 22 blocks of the older city limits.

Peaks Addition is also the closest East Dallas neighborhood to downtown Dallas and Deep Ellum. Accessible and convenient, residents don't have to go north of Mockingbird Station to stock up on supplies or access modern conveniences. Some residents are even trading their vehicles now that downtown Dallas has become more pedestrian-friendly.

Pioneer real estate developer, Captain Jefferson Peak (a Mexican War veteran), helped transform the nondescript outpost into one of the oldest residential neighborhoods in East Dallas. Peak successfully subdivided the land by using a network of streetcar lines to promote his developments. Because Captain Jefferson Peak donated a portion of his land to the city, many streets bear the Peak family members' names. They include Worth who specialized in real estate, Junius who was captain of the Texas Rangers as well as City Marshal, and Caroll, the first doctor of Fort Worth. 

Peak’s Addition Real Estate

Besides showcasing the city’s largest concentration of Victorian-style homes, this carefully preserved neighborhood features several distinct architectural styles, including Craftsman, Prairie homes, and Tudors. The bulk of Peak’s Addition homes were built between 1903 and 1930. The variety of building styles and sizes reflects the city’s growth at that time. A century and a half later, the neighborhood still maintains an unparalleled sense of cohesion. This is because each property is bound to strict regulations on new additions, colors, and architectural accents.

Buyers looking into Peak’s Addition will also discover that the concentration of studio apartments and other smaller living units in the area, 73% of the housing inventory, is one of the highest in the country. Unlike other neighborhoods that offer a mix of single-family dwellings and condos, large apartment buildings, complexes, and high-rise apartments dominate Peak’s Addition real estate.

  Peaks Addition Texas USA
Median Home Price $467,750 $408,500 $374,900
Average Rent $1,398 $1,043 $1,164
Owner Occupied 25% 61% 56%
Renter Occupied 89% 39% 32%

Living in Peak’s Addition doesn't come cheap. Homes for sale in the area are 55% more expensive than other Texas neighborhoods, and 43% more expensive than other neighborhoods in the country. What’s more, many residents tend to rent their homes rather than buy unlike other neighborhoods in Texas. Peak's Addition has largely retained its charm, and for that reason, several generations of residents have lived in the area for decades, and many plan to continue living in the area for the foreseeable future. 

Decline and Revitalization

As a whole, the early 20th century was critical for Peak’s Addition and the larger Old East Dallas area. During this period, many commercial buildings and multifamily residences replaced former estate houses.

Further development was encouraged by Streetcar lines which led to the development of 3-story apartment buildings. A good example includes the Viola Courts Apartments which is recognized on the National Register of Historic Places. Another example of Craftsman architecture in the area, circa 1911, is The Otto Lang house on Swiss Avenue. Precisely restored, the house is now part of the Peak's Addition Historic District.

However, in the late 20th century, Peak’s Addition entered a period of decline and in the process earned a reputation for crime. In 1992, the district was targeted for revitalization along with eight other Dallas neighborhoods.

With support from the National Trust for Historic Preservation, local groups such as Dallas Neighbors Inc. restored rundown homes throughout the district. Thanks to these preservation efforts, Peak’s Addition was incorporated into the city of Dallas Landmark Districts and the National Register of Historic Places in 1995.

Strong Local Economy

Because of the eclectic mix of cultures, people, and home styles, the local economy in Peak’s Suburban Addition is thriving. Musicians and professors, artists and principals, writers and secretaries, as well as doctors and salesmen all play a part in helping shape the local economy.

For people considering making the move to Peak's Addition and the surrounding area, the local job market is not in short supply, neither is the income many residents can expect to earn. At least 40% of the working population earns a living in sales, service jobs, and the hospitality industry. 31% of residents earn a living in executive, management, and professional occupations. 24% of residents work in labor and manufacturing occupations while the rest are in tech support, clerical, and assistant occupations.

Proximity to the freeway allows residents easy commutes, thus an attractive option for those who work in the city proper. The majority of commuters in the area spend roughly 30 minutes commuting one way to work, which is shorter than the average time spent commuting for most Americans in similar neighborhoods.

Local Schools

The local schools are one of the main reasons many families choose to move to Peak's Addition. The Dallas Independent School District serves residents with plenty of reputable elementary and public schools. Depending on their age, students may enroll at Zaragoza Elementary School, Spence Middle School, and North Dallas High School. Parents could also choose to send their children to one of the many outstanding private schools in the area. For higher educational pursuits, residents can access nearby colleges and universities as well as several institutions for employee skills training.

Things to Do & Community Highlights

Peak's Addition has been in existence longer than most folks have been alive. With that in mind, residents value the charming historic architecture, and walkable streets with fantastic shopping, dining, and entertainment options all within a few blocks. Add the proximity to the Arts District, Downtown Dallas, and Lower Greenville, as well as parks and recreation facilities, the location of Peak's Addition offers great value to residents.

Parks and Recreation

When the stress of big city life becomes unbearable, Peak's Addition residents know there is a relaxing place just up the road where they can get away and play. Opened in 1915, Buckner Park is ideal for both recreation and exercise. Though the park had been neglected for a long time despite the neighborhood's older homes benefiting from restoration, a group called the Friends of Buckner Park raised enough money in 2006 to help revitalize the park.

When the stress of big city life becomes unbearable, Klyde Warren Park provides a relaxing place beyond the upscale shopping malls and Central Business District in Uptown where residents can get away and play. Other must-visit spots nearby include Fair Park and Trinity River Audubon Center. Canine lovers have not left out thanks to a designated park for dogs in the Meadow's Foundation. Massive nature preserves with tons of opportunities to feel at one with Texas sea animals are available at the Dallas World Aquarium.

Without sacrificing its hometown appeal, the area embraces growth and prosperity along with many community-driven events year-round. Keep the family busy all year round with a host of entertainment and cultural attractions including block parties, garage and rummage sales, ice-cream socials, and events such as the Fourth of July parade.

Mockingbird Station

For those seeking entertainment beyond the community, Mockingbird Station offers a variety of local boutiques and national chains, as well as restaurants that offer a dizzying variety of cuisines. Mockingbird Station is also a frequent entertainment destination for grown-up getaways and adult fun. Laugh yourself silly and take in a fabulous stage production at Hyena’s Comedy Club, the hip Angelika Film Center for Independent, or the Art-house. For those wanting to slip away, First-run Cinema offers a laid-back entertainment option.

Dallas Arboretum and Botanical Garden

If you appreciate nature and all it has to offer, spend a sunny afternoon outside with the family at the Dallas Arboretum and Botanical Garden. Home to 66 acres of lush flower beds and beautifully manicured lawns and trees, the arboretum plays host to several seasonal events, including Summer at the Arboretum, the Cool Thursdays Concert Series, Pumpkin Patch, Tour des Fleurs, and the 12 Days of Christmas.

Historic Landmarks & Museums

As Dallas prides itself on its growing collection of public art scattered throughout, you can get your fix of arts and culture without ever leaving the city. Treat the whole family to an amazing experience at Dealy Plaza National Historic Landmark District and Meadow’s Museum of Art. Or capture the imagination of the little ones at Perot Museum of Nature and Science. You can even take a break from the world to go into your imaginative world with the books at the George W. Bush Presidential Library and Museum.

Parting Shot

Whether you’re tired of renting or ready for a homeowner lifestyle, your new East Dallas neighborhood destination awaits. Peak's Suburban Addition ticks the right boxes for its excellent quality of life, city services, and outstanding local schools. If you are looking for a small neighborhood that provides homeowners with an idyllic suburban lifestyle focused on functionality and family, contact us today!

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