Dallas Neighbourhood

 

Daria and Daria Place, the streets that will be gated off from the public, for the George and Laura Bush home, have long been the forgotten streets of the Preston Hollow estate area.  The value of the land on Daria and Daria Place as indicated fairly accurately by the Dallas County Appraisal District is approximately one million dollars an acre.  This is considerably lower than the $2.5 million to $3 million an acre that Preston Hollow lots have recently sold for in Preston Hollow.

President Bush Gates Will Accelerate Change in Perception of Daria Place

For years the real estate community has dismissed Daria Place as being too far north, not in Preston Hollow, too close to the Tollway, having out of date houses, too close to a public school and difficult to find.  All of these perceptions will change as people will take a fresh look at the gated neighborhood for the home of President and Mrs. Bush.

President Bush Gates Will Change Perception of Tollway

While the homes on Daria and Daria Place will still be close to the Tollway, once the gates are installed the neighborhood will be seen in a new and more favorable light.  All of a sudden it will occur to people that large Tollway sound walls have been installed, reflecting noise away from the homes on Daria.  Current emission standards have eliminated much of the previous haze that hung over the street and nearby homes.  Neighborhood gates also have a way of making people forget about traffic.  The gated development, The Creeks of Preston Hollow,  at Inwood and Royal is a good example.  The traffic at this busy intersection of Royal and Inwood is still just as close, but somehow a gated neighborhood makes a person feel removed from any unpleasantness of the world around them and are willing to buy a $10, 000,000 home.

Modest Houses on Daria Will Help Accelerate Increase of Land Prices on President Bush’s Street

Land prices go up more rapidly in neighborhoods where there are low contributing values to the existing structures.  This allows for the rapid turnover of the modest houses that are replaced by expensive estate homes.  Homeowners much prefer building or buying an estate home in a neighborhood that already has estate homes or where there is an expectation that the original modest neighborhood homes will soon be replaced with expensive estate homes.

President and Mrs. Bush Moving to Daria Place Will Accelerate Objective Look At Real Land Values on this Gated Street in Preston Hollow

An objective look reveals Daria and Daria Place are located in Mayflower Estates, the most prestigious neighborhood in Preston Hollow; the one-acre lots on these short streets are adjacent to the 15 acre Phillips estate and the 25 acre Hicks estate, the most expensive and important estate home in Dallas; the existing Daria houses valued at $1 million are way under the current price of $2.5 million – $3 million that the  Preston Hollow one-acre estate lots are currently selling for, making it relatively easy to purchase and tear them down for new estate homes; and the neighborhood benefits from President George Bush and Laura Bush being a Daria Place neighbor.  Sure, there are some people who have an aversion to Republicans, but there are still several million people in the Dallas area who would enjoy being neighbors of George and Laura Bush.

With the Gates, Lots on President Bush’s Gated Street Will be Worth $2,500,000 to $3,000,000

In the last month, estate lots in Preston Hollow have sold for $2.5 million to $3 million.  The location, exclusivity and prestige associated with Mayflower
Estates and President Bush will bring lot values up to at least the lot values found in the other prime Preston Hollow neighborhoods.


Info. from : http://www.dallasarchitectureblog.com/2009/01/neighborhood-gates-for-president-bush-new-home-will-double-land-value-on-street/
  (Dallas Architecture blog)