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    Preserving Dallas history

    Rare Highland Park home still in vintage condition listed for $12.5 million

    Karen Eubank
    Jan 31, 2020 | 9:40 am
    4712 Lakeside Dr., Highland Park
    Mature trees frame the patio.
    Photo courtesy of Estately.com

    A century-old historic home in Highland Park that's been magnificently preserved is on the market. Located at 4712 Lakeside Dr., the Cary estate is a 7,643-square-foot home with five bedrooms, six bathrooms, two powder baths, a cabana, putting green, and tennis court, for sale for $12.5 million.

    Dr. Edward Henry Cary built the home as a wedding present for his bride, Georgia Schneider. Construction began around 1910 and was completed in 1912 by C.W. Bulger and Son. The finest craftsmen were brought over from Europe to create the woodwork, lay the imported Italian tile, and install the leaded glass windows. It was, and continues to be, a showplace.

    Dr. Cary was one of the most prominent figures in Dallas history. He made certain that Dallas would be the medical center of the Southwest. You may not be familiar with his name, but you may have heard of his close friends W. H. Flippen, Karl Hoblitzelle, and Murrell Buckner. No doubt, you’ve seen the buildings, roads, parks, and hospitals that are named after them.

    Dr. Cary's desire to get big things done seems to have been inherited. His grandfather was Jules Edouard Schneider, a founder of the Dallas Gas Company and the Dallas Public Library. He was one of the gentlemen who brought railroads and electric lights to Dallas.

    In 1949, Dr. Cary told the Dallas Morning News he envisioned the rolling green hills of Harry Hines as a new home for a great medical center that would compete with The Mayo Clinic and Johns Hopkins. The land had already been secured for that purpose. He would live to see the beginnings of what is now one of the most important medical centers in America — his dream come true.

    The Cary family lived in this house until Mrs. Cary's death in 1970. The home was briefly in the hands of the T.C Stricklin family and Mrs. Viva Ellison, and then the Al Hill family purchased it in the 1970s, and it's been in their family for over 40 years.

    It's a testament to the quality of a home when two families have found it suited their needs perfectly for decades. The Hills did the necessary updating, of course, but Al Hill also got permission to install the first tennis court in a Highland Park residence.

    The Cary estate is one of those rare Dallas properties that has it all: A historic home engineered with quality craftsmanship and materials that could never be replicated today.

    "It’s built like a rock," says Allie Beth Allman listing agent David Nichols. "It's in tremendous shape and has been perfectly maintained. It has the highest elevation on Lakeside Drive with a beautiful view of the water and park. It’s the last great estate on Lakeside and rare to find 1.3 acres here."

    The Cary estate is truly one of the most significant homes in Dallas. We hope the next owner is smart enough and has an appreciation for history to keep it intact.

    ---

    A version of this story originally was published on CandysDirt.com.

    The stairway is graced by a sloping bannister.

    4712 Lakeside Dr., Highland Park
      
    Photo courtesy of Estately.com
    The stairway is graced by a sloping bannister.
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    news/home-design

    housing cost analysis

    Here's how much Dallasites spend renting instead of buying a home

    Amber Heckler
    May 6, 2025 | 2:34 pm
    Dallas
    Photo by Mark Patterson on Unsplash
    Owning a home in Dallas doesn't come cheap.

    The affordability of homeownership seems to be a hot topic in 2025, and a new housing cost analysis has revealed that Dallas residents who are renting are getting a bargain: saving nearly $900 per month by renting rather than owning their homes.

    The 2025 report, called "Renting vs. Buying: How Housing Costs Compare Across America," examined the median monthly homeownership and rent costs in 342 of the largest U.S. cities.

    The study's findings revealed Dallas homeowners spend a median $2,381 on their monthly housing costs, whereas renters spend about $1,512 in comparison. That's an $869 price difference.

    Dallas wasn't even the biggest city in terms of renters saving money — ranking No. 55 in the report's rankings of cities where homeownership is more expensive than renting.

    This study compares median costs for each group of people regardless of what they're getting for that cost. Because of this, we only know how much more homeowners tend to pay in general — not how much more they'd pay for a comparable space.

    Newark, New Jersey, ranked No. 1 on the list, with homeowners spending $2,641 per month on their homes, while renters only pay $1,341 a month, reflecting a whopping $1,300 difference.

    As any Dallas-area resident knows, the real cost of living in the city doesn't just stop at the monthly mortgage or rent price. SmartAsset also factored in the cost of utilities, insurance, maintenance, and taxes to show the most accurate representation of the ongoing costs of renting versus owning a home.

    "On the rental side, the cost of utilities can add a consistent, considerable amount to your costs," the report said. "For homeowners, mortgage costs are padded not only by utilities but homeowners’ insurance, property taxes and maintenance costs."

    Housing costs in Dallas-area suburbs
    The difference between Frisco (No. 57) renters and homeowners is greater than it is in Dallas, though both monthly costs are much higher in Frisco. The report found that homeowners' costs in the suburb outpace renters' by more than $1,200 per month, totaling $3,300. Renters pay only $2,099 a month.

    Housing costs in Denton (No. 32) are similar to Dallas', though the city ranked higher on the list. Denton residents pay $2,291 a month to own their homes, while renters only pay $1,411. That means the gap between renters and owners is $880 per month.

    In neighboring Fort Worth, residents are saving about $611 per month by renting rather than owning their homes. Homeowners are spending about $2,158 to maintain their homes, while renters only pay $1,547 a month.

    The difference between home ownership versus renting is smallest in the far eastern suburbs of Mesquite and Garland.

    Here's what the report says are the monthly housing costs in other Dallas-area suburbs:

    • McKinney – $2,626 for homeowners; $1,862 for renters = $764
    • Plano – $2,589 for homeowners; $1,848 for renters = $750
    • Grand Prairie – $2,247 for homeowners; $1,612 for renters = $635
    • Allen – $2,803 for homeowners; $2,064 for renters = $739
    • Lewisville – $2,278 for homeowners; $1,678 for renters = $600
    • Arlington – $2,005 for homeowners; $1,495 for renters = $510
    • Richardson – $2,454 for homeowners; $1,834 for renters = $580
    • Irving – $2,185 for homeowners; $1,650 for renters = $535
    • Carrollton – $2,314 for homeowners; $1,770 for renters = $544
    • Mesquite – $1,722 for homeowners; $1,487 for renters = $235
    • Garland – $1,896 for homeowners; $1,678 for renters = $218

    Residents in any major city who are considering buying their first house must consider all monthly financial costs before deciding to leave the rental life behind. Potentially large bills, like property taxes, can sneak up on some homeowners if they don't educate themselves properly prior to buying a home. (Thankfully, there are ways to save money in that category.)

    "These hidden costs can add up and change the dynamics of tradeoffs between the flexibility of renting versus the security of owning your own home," the report added.

    rentinghomeownersreal estatereportshousing costsdallassuburbs
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