Now marked down: Dallas mansions

Now marked down: Dallas mansions
By Steve Brown / The Dallas Morning News

The French-style Highland Park house has limestone floors, a three-car garage, a swimming pool and guest quarters out back. But what's likely to catch a buyer's eye is the sign out front: "New Price."Now offered at $4.45 million, the 6,788-square-foot mansion has been marked down by close to $1 million since it came on the market last spring.

"It's one of those listings you are scratching your head," said agent Joan Eleazer. "You know that the market is bad, but why hasn't this great house sold?"

With the latest price cut, Eleazer, who works for Briggs Freeman, is finally getting some nibbles from potential buyers.

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Highland Park Village Owner Wants To Keep Theater

By Sarah Scott / People Newspapers
5/21/2009

Ray Washburne wants Park Cities residents to know that the new Highland Park Village is going to look a lot like the old one.

The real estate investor and restaurateur said he wrapped up negotiations to buy the Village this week. As this article went to press Wednesday, Washburne said he was hammering out final details at a title company.

Washburne had a lot to say about the future of the Dallas’ oldest and most valuable shopping center. Its taxable value has been reported as being $80 million.

Washburne — who bought the center along with his wife, Heather; her sister, Elise Summers; and her husband, Stephen — emphasized that all four are lifelong residents of Highland Park and graduates of Highland Park High School.

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Notice of Tax Revenue Increase - Highland Park

Notice of Tax Revenue Increase for the Town of Highland Park.

Custom-built Luxury in Old Highland Park

The Ravello, a luxury mid-rise residence to be constructed on the northeast corner of Lomo Alto Drive and Fairway Avenue, will consist of six units, two on each of three floors, averaging about 5,000 square feet each. The homes are expected to sell for between $3.5 to $4 million. (People Newspapers)