Planning on buying real estate in North Texas? If so, you’ve come to the right place! In this article, we will share with the things that you should know about North Texas Real Estate before you purchase a rental property here.
About North Texas Real Estate
The most expensive home in Dallas, the 25-plus acre Crespi Estate, sold last December for $36.2 million at auction. It was once listed for $135 million when Tom and Cinda Hicks owned it. Hicks sold it to local banker billionaire Andy Beal, who also bought another signature Dallas property, the Highland Park estate of the late, great real estate developer Trammell Crow, for about $34 million (price tag was $46 million). Apparently not needing two multi-million-dollar estates within a few miles of each other, Beal sold the Crespi. The Crespi estate backs up to the gated neighborhood of former president George W. Bush, on Daria Drive.
The housing options are diverse, from one-quarter to half-acre single-family homes built in the 1950's to townhomes and high rises across the vast “Metroplex,” which is as big as the states of Rhode Island and Connecticut combined. Fort Worth has elegant mansions built on oil fortunes; folks there are also restoring vintage 1920s bungalows. Price points in Fort Worth are a bit lower than Dallas.
Head north to the fast-growing Frisco-McKinney-Allen area, where Toyota USA chose to move its North American headquarters, and you can find swaths of newly constructed housing, much of it cookie cutter, but some of it uniquely contemporary, in planned communities. Example: Main Vue Homes, out of Henley, Australia. But Frisco and McKinney's hottest neighborhoods right now are vintage homes, all within walking distance to restaurants and boutiques.
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