Preston Hollow is one of the most renowned neighborhoods in Dallas, known almost as much for its amount of celebrity residents as for it’s expensive real estate. Celebrity residents include George H.W. Bush, Ross Perot, Mark Cuban, Mary Kay, Jordan Spieth, Dirk Nowitzki, T. Boone Pickens among others.
Phenomenally located. Prestigious. Large Estates. Gorgeous. Most of the topography is flat, although there is certainly locations east of the DNT and within the estate area of Preston Hollow that have windy streets and hills. In fact, many residents of Dallas aren’t even aware of how many diverse and different neighborhoods make up one of North Texas most exclusive residential areas.
Preston Hollow was initially its own municipality however in 1945 its residents voted to join the city of Dallas and it was annexed shortly thereafter. Preston Hollow was named because of its deep wooded area with creeks and hollows extending westward from Preston Road. Dallas home builders have done a remarkable job maintaining the integrity and landscape of the area. Tall mature trees still adorn the streets of Preston Hollow making it an incredibly eye catching area regardless of the million dollar real estate values.
Speaking of real estate values, lots begin at $750,000. And this neighborhood of Dallas has some incredible Modern inventory from the 50’s and 60’s. The average modern property built in the 50’s and 60’s is selling for over $1.4 Million and that comes with over a 1⁄2 acre of land.
If newer contraction is more your cup o’ tea, there’s plenty and it’s growing monthly. Knocking down the 40’s-50’s-60’s era construction and building monster moderns at 5,000 square feet is big business for builders these days in Preston Hollow. The average price for one of these newer construction mods is around $1.8.
Much like The Park Cities, Preston Hollow is phenomenally well located. Uptown and Downtown are 15 minutes south. Easy proximity to Dallas Love Field Airport.
The Preston Royal retail and shopping center boasts many upscale restaurants along with a Eatzi’s and Kroger Grocery Store. Highland Park Village is within 5-10 minutes. North Park Mall is within 5-10 minutes.
Most residents are attracted to the area due to the large amount of Private Schools nearby: Lamplighter, St Marks, Episcopal School of Dallas, Ursuline & Hockaday among others.