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Haute Property

Koi pond and other tropical surprises hide behind this unusual Dallas home

Candy Evans
Mar 4, 2016 | 9:04 am

One of the first things you notice about the home for sale at 5535 W. Hanover Ave. is the round driveway. Kevin Fox, son of Dave Fox, of Dallas homebuilding super duo Fox & Jacobs, veered away from his father’s post-WWII brick veneers to construct this Hawaiian-like paradise, a little bit of the tropics near Lovers Lane and the Tollway.

The original home was built in 1942, a few years before Kevin’s father and his partner, Ike Jacobs, began building their first spec homes a couple of miles away. The house was remodeled in 1985, but it wasn’t until 2004 that the real magic happened.

Kevin remade the home, essentially from scratch. He used landscaping abundantly, almost superfluously, in the bedding gardens but also in-between spaces. Concrete was reduced or eliminated to make way for cobblestone patios and walkways.

Due to careful site planning, every room in the sprawling, one-story abode connects to the outdoors, and maximum light pours in through huge sliding doors and windows. The home is a refreshing departure from the usual bevy of newly constructed transitionals.

Actually, it’s a refreshing change from the usual of any home.

All of the stone is fossilized limestone and flagstone; you can see the fossils in the stone on the white wisteria-covered walkway. Ever the builder, Kevin repurposed a lot of the stone and materials from Devonshire homes that were torn down around him.

Inside, terrazzo floors lead you on the path to discover the rest of the house. A square koi pond, with stepping stones and cedar deck, beckons from beyond glass doors in both the foyer and dining room, which is large enough to seat 10. With the doors left open, you and your guests could dine in there al fresco.

Also in this wing are a music room, study, two bedrooms, and a bathroom. From the music room, you step out to a patio with outdoor fireplace, and that connects to the pool and outdoor cooking area.

Think of the home as a rectangle with a hall running through the middle. The kitchen, in the “west wing,” features light wood cabinets, Silestone counters, two sinks and appliances in stainless steel, and a large island. It is separated from the formal areas but connected to the outdoor patio by sliding doors.

The living room also opens to the patio and the heated saltwater pool. You have at least two outdoor living areas in this expansive side patio, all open and connected to interior rooms.

But you can never have enough outdoor living areas, at least not in Kevin Fox’s mind.

On the eastern side of the house, find yet another patio — well, more of a courtyard — centered by a huge fire pit. Off this courtyard is the master bedroom with a spa bath and dual walk-in closets. The large master shower has no stepping ledge, and the sinks, unusually shaped stainless steel vessels, sit on a granite counter.

This courtyard leads to the orchid house (yes, there’s an orchid house), which can be used as a greenhouse or even an additional entertainment room. Also off this courtyard is the separate hot tub.

The house has room for four to 10 cars, with a two-car garage on the west side, and a tandem two-car garage on the east currently being used as an office. A coop behind the tandem garage could house chickens, plants, or an unruly child — temporarily, of course.

You probably think we have covered 6,000-plus square feet, yes? No way. The home is 3,675 square feet; it just feels like so much more. All told there are three bedrooms, two full baths, and one half bath — all on .45 lush acres in the heart of Devonshire.

Because of the proliferation of gardens, the house was named Casa Verde by Allie Beth Allman agents Brenda Sandoz and Gailya Silhan, who have it listed for $2,095,000.

---

A version of this story originally was published on Candy's Dirt.

One of the guest rooms.

5535 Hanover guest room
Photo courtesy of Allie Beth Allman
One of the guest rooms.
home-for-sale
news/real-estate
news/home-design

out of reach

This is how long it takes to save for a starter home in Dallas right now

Amber Heckler
Oct 26, 2026 | 9:44 am
Tri Pointe Homes house
Courtesy of Tri Pointe Homes
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A new national housing affordability report has confirmed something many renters already know: The possibility of owning a home is moving further out of reach for many renters across America.

Becoming a new homeowner is especially challenging for households in several major U.S. metros — including Dallas — where it now takes well over a decade to save enough money for a down payment on a starter home.

These findings were unveiled in a new study from The Julian Bond Institute for Financial Equity Research (JBI), a nonprofit research branch of the Center for Responsible Lending (CRL). The report comes as a result of its Project 2050 Survey that analyzed "Americans' financial aspirations across generations and racial groups and the obstacles they encounter in achieving them."

JBI said Americans of all generations, racial backgrounds, and ethnicities haven't given up on "this aspect of the American dream," but the journey towards becoming a homeowner is "grow[ing] exceedingly challenging." In addition to saving for a down payment and closing costs, renters must also navigate high mortgage rates and high home prices. All of these combined factors have pushed monthly payments out of reach for most families.

"There has been much coverage of the difficulty aspiring homeowners face in being able to afford the monthly payments on a home loan," the report said. "But less attention has been given to an equally important part of the housing affordability squeeze: The impact that higher home prices and the affordability crisis are having on the ability of families to save enough money to afford the upfront costs of homeownership."

Using the results from a previous 2019 survey and the most recent survey results, JBI examined how many years it would take a typical renter family to save enough money to cover a down payment and closing costs for a starter home in the U.S. and in its 10 biggest metros.

The report found that it now takes the typical Dallas renter household 12 years to save for a starter home in 2026, up from 7 years in 2019. And Dallas technically appears on the lower end of the spectrum out of the 10 biggest U.S. metros.

"Although there is some variation across these areas, even in Houston — where the years to save is the lowest — it would take the typical aspiring homeowner 11 years to save enough money to purchase a starter home," the report said. "At the opposite end of the spectrum, in Los Angeles, it would take 24 years. And in all these areas, there has been a sizable increase in the number of years required to save since 2019."

For the typical American household, it now takes 16 years to save for a starter home, a figure that has doubled since 2019. That's based on an American median renter household income of $57,991, and an estimated saving rate of 2.63 percent. The report defines the saving rate as the percentage of a family’s income that can be set aside for the purchase of a home after expenditures, assuming that aspiring homeowner families can devote 75 percent of their savings toward a home purchase.

"[This] translates to annual savings of roughly $1,525," the report found. "For such a family, it would take 16 years to accumulate enough savings to purchase a starter home [at the median price of $335,574]."

Renter households that made $42,750 in income at a 3.96 saving rate would result in $1,693 saved for the purchase of a home in 2019. By those metrics, it would take the typical renter household eight years to save for a starter home at the 2019 median price of $217,520.

This is how many years it takes to save for a starter home in the 10 biggest U.S. metros compared to 2019, from longest to shortest:

  • Los Angeles: 24 years, up from 14 years in 2019
  • New York City: 23 years, up from 10 years
  • Miami: 22 years, up from 10 years
  • Washington, D.C.: 16 years, up from 8 years
  • Chicago: 15 years, up from 8 years
  • Philadelphia: 15 years, up from 8 years
  • Phoenix: 15 years, up from 8 years
  • Atlanta: 13 years, up from 7 years
  • Dallas: 12 years, up from 7 years
  • Houston: 11 years, up from 8 years
real estate housing affordability housing market real estate report dallas houston
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