This Preston Hollow mansion may be your smartest investment in 2024 because this neighborhood has always been one of the best places to live in Dallas.
From the time the first phase was developed in 1924, Preston Hollow has always attracted the influential and prominent. Today, athletes, business leaders, and even a former United States president call it home. It’s one of the few neighborhoods within minutes of downtown Dallas that offers large estate properties, privacy, and security.
Finding a home here can be a challenge because luxury residential property is the smartest and safest long-term investment.
Knight Frank is one of the world’s leading independent real estate consultancies in the world. In their Wealth Report for 2023, they reported the largest proportion of total wealth—32 percent — of ultra-high net worth individuals is allocated to primary and secondary homes.
People hold onto their real estate assets, especially in Dallas. That is one reason we are excited about this Preston Hollow mansion. It has never been on the market—until now.
I got a sneak peek at this magnificent residence a few weeks ago when the team at George Bass Stage & Design was adding finishing touches. I’ve been patiently waiting for it to hit the market because it’s spectacular.
That’s due to the unparalleled talents of architect Larry E. Boerder and custom luxury home builder Buford Hawthorne. They spent two years ensuring the 23,316-square-foot residence still felt like an intimate family home, with all the amenities you can imagine.
“The home is on a two-acre corner lot, completely walled with gates, so there is excellent privacy and security,” Allie Beth Allman & Associates listing agent Lucinda Buford said. “It has an enormous comfort level, and there is great intimacy to the spaces. A bar, poker, media, and wine rooms are downstairs. Outside, you have a pool, tennis courts, a putting green, and a batting area with a pitching machine. There’s also a 4,000-square-foot indoor basketball court parallel to the garage with a den area and a huge gym upstairs. It’s all here, and I love that it’s a way to live the resort lifestyle without leaving home!”
This Preston Hollow mansion has seven bedrooms, nine full bathrooms, and three half bathrooms with elevator access to all three levels.
The bottom level, where all the indoor fun happens, was cleverly built with huge windows at one end so natural light floods the area showcasing the leather — yes, leather — floors. This is only one of the jaw-dropping finishes you will find, and it’s as impressive as it sounds.
Of all ultra-high-net-worth individuals (UHNWI) assets, few hold — and accrue — more value than real estate.Knight Frank
Buford has this magnificent Preston Hollow mansion at 10331 Strait Lane, available for $17.9 million. Bear in mind the global research of Knight Frank, which found Dallas trailed only New York as the top destination for private capital. This is one hot property.
