Monday Morning Millionaire: This May Just Be The Best Buy in Preston Hollow — Brand New, $1.199

Published December 19, 2011 by Candy Evans

Happy week before Christmas to you! Just a few more shopping days left, so I offer up one of the very best bargains in Preston Hollow. In fact, this may be one of the best deals in North Texas. Brand new 5700 square foot home, built in 2009 on a huge 100 by 200 sized lot, only one who’s ever lived here was a lease tenant, a bachelor. Who never cooked. 6007 Waggoner — yes, I said Waggoner, that hot coveted PH street — has five bedrooms, five and a half baths, two living areas, game room, media room, wine cellar off dining room. The finish out is Maseradi quality, and the backyard is huge with enough room for a pool and play yard. DPM agent Bobby Ferachi tells me the price has been slashed now to $1,199,000 which is under $1.2, which is incredible for this street. Full disclosure: the home is on the corner of Preston Road and Waggoner, which might scare off some buyers. And the truth is, yes, that is a busy corner. Lots of cars on Preston Road. But with a 100 foot wide lot, you have plenty of room for a fence and tall junipers or other privacy shrubs to not just mask the street but muffle noise. Homes on busy corners such as these also appraise for less than cushioned interior lots, but that can be used to lower your property taxes.  As Ron Schulz said this morning on his radio show,  we will know the market has bounced back when we see builders building McMansions on corner lots on busy streets.

Well, that may already be happening, but for over the top garages.

— Daily Local Real Estate Dish By Dallas Real Estate Insider — Candy Evans at CandysDirt.com