Top 10 Dallas real estate stories of 2018 include tiny homes and celebrity digs

A rendering of the Lake Dallas tiny-home village. Photo by Lewis Gonzales

1. Tiny-house village takes shape in downtown Lake Dallas. What was billed as the first project of its kind in the U.S. — a downtown village of tiny houses — started taking shape in the Denton County suburb of Lake Dallas in February 2018. By early 2019, tiny homes are expected to pop up in the city’s downtown, which is about 30 miles north of downtown Dallas.

2. 5 best neighborhoods to buy a forever home in Dallas right now. In May, we consulted some of the top real estate pros in town for their picks on the five best Dallas neighborhoods to buy a forever home in 2018. Spoiler alert: People seemed to be returning to classic neighborhoods instead of up-and-coming ‘hoods that tempt buyers with low prices and new construction.

3. These 4 popular Dallas neighborhoods rank among America’s best. Where were the best places to live in Dallas in 2018? In April, real estate review site Niche revealed the Best Neighborhoods to Live in America, and four popular Dallas ‘hoods appeared in the top 50, including one in the top 10.

4. White Rock midcentury marvel built by Dallas titan of tile listed for $7 million. Those who regularly meander the trails around White Rock Lake know there’s always been a strong curiosity factor surrounding the huge stone home perched high atop the hill at 4606 Chapel Hill Rd. The estate, built by a Dallas businessman known as the “titan of tile,” went on the market for the first time ever in February 2018, for $6,995,000.

5. Most famous Dallas real estate firm sold to Warren Buffett. In May, the real estate world was stunned to learn that Dallas-based Ebby Halliday Realtors would be acquired by Berkshire Hathaway HomeServices of America. HomeServices CEO Ron Peltier delivered the news to 1,700 agents and assured them that nothing would change — except that their parent now was a rich guy named Warren Buffett.

6. Dallas Stars goalie hopes to score an offer on his $4.25 million Preston Hollow home. In June, Finnish-born hockey goaltender Kari Lehtonen and his wife, Abbey, began letting go …  at least of their great Preston Hollow house. Lehtonen, then an unrestricted free agent, started playing for the Dallas Stars in 2010, and he had a pretty terrific place to come home to after every practice and game.

A French-inspired estate, at 6941 Gaston Ave., belonged to “Mr. Dallas.” Photo courtesy of Dave Perry-Miller

7. Lakewood estate of mayor known as ‘Mr. Dallas’ hits market for $2.9 million. Chateau des Grotteaux — a Lakewood estate with a storied past, most notably the one-time residence of Dallas mayor R.L. Thornton — hit the market in April for nearly $2.9 million. Thornton, a banker and civic leader who was nicknamed “Mr. Dallas,” lived in the French-inspired estate with his family until his death in 1964.

Kari Lehtonen’s house, at 6331 DeLoache Ave., had an asking price of $4.25 million. Photo by Costa Christ

8. Bids start at $350K for this rare foreclosed mansion in Preston Hollow. In September, a mansion in the center of posh Old Preston Hollow appraised at nearly $5.5 million went on the auction block, with an opening bid of $350,000. The home was at 9410 Alva Ct. at the corner of Deloache Ave., in one of Dallas’ most celebrity-studded neighborhoods.

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Wade Phillips’ Texas Hill Country-style home was built by Ryan Osborne.  Photo courtesy of Allie Beth Allman & Associates

9. Former Cowboys head coach puts his Dallas mansion in play for $2.95 million. Former Dallas Cowboys coach Wade Phillips was looking to trade his Preston Hollow estate to another team: His mansion at 6115 Norway Rd. hit the market for $2.95 million in January.

10. Rents could increase this much if Amazon HQ2 picks Dallas, new study says. In March — eight months before Amazon announced where its new headquarters would go — a new study showed the price Dallas or Austin could pay if Amazon picks either Texas city for HQ2. Data and analytics provider CoStar Group forecast that both cities would see a 10-year rise in apartment rents, but that Austin rents would increase more than those in Dallas.

Information provided by Culture Map Dallas

Editor’s note: As the year comes to a close, we look back at the 10 biggest real estate stories in Dallas for 2018 — including tiny houses, top neighborhoods, and sports stars’ homes for sale.

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