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    Love This Listing

    One of Highland Park's original homes hits the market for a cool $5 million

    Julia Bunch
    Jun 20, 2017 | 12:28 pm

    One of Highland Park’s original homes — in all of its restored and updated grandeur — is now available for the taking. The 1920s-era abode at 3521 Beverly Dr. was designed by famed Dallas architect Anton Korn and is situated on one of the premier streets of Highland Park. The exterior features a circular drive, manicured lawn, tile roof, and red brick walkway, and a colorful stained glass window anchors the face of the symmetrical house.

    Though the five-bedroom, six-and-a-half-bath home is reaching its centennial, it recently underwent an extensive, years-long renovation — and, at $5,499,000, it has the price tag to prove it. New windows, flooring, and lighting make for more sustainable and comfortable living for residents says Collective Luxury Residential co-founder and listing agent Christy Berry.

    “The ideal buyer is someone who appreciates historic homes that have been updated like we live today. [The current owners] have really kept the integrity of the house through the remodel and put in beautiful stain-glass windows accurate to the period,” she says.

    Upon entry, the foyer opens up to the living and dining rooms, as well as a grand curved staircase. Features like hardwood flooring, new molding, and plantation shutters give the 8,864-square-foot house a fresh and airy feel.

    The master suite with adjacent office space has French doors that lead out to the second-story balcony overlooking the pool and backyard. The master suite also boasts a built-in vanity, small wet bar (because you always need your own bar), and room for a safe.

    Three other bedrooms on the second floor each have a full bath, and two bedrooms on the third floor share one full bathroom.

    A first-floor study with dark-stained built-in shelving and an ornate ceiling includes access to a private screened-in porch. A mahogany island anchors the kitchen. Ample cabinet and counter space in the kitchen and butler’s pantry set the stage for stainless appliances.

    Families who love to host parties will have plenty of space with a sweeping bar and adjacent game room or entertaining area. Oh, and there's even a large wine cellar capable of holding 2,000 bottles and with plenty of room for an impromptu tasting. It comes complete with a dedicated energy saving climate-controlled system.

    Spend time on the back porch year-round with a fireplace and ceiling fans and a built-in grill. Tall landscaping in the backyard will keep pool dips private. Also outside, colorful tile stairs lead to a built-in upstairs apartment that the current owners use as an art studio. The small living space has a kitchenette, bedroom, closet, and full bath.

    The wine cellar can hold up to 2,000 bottles.

    3521 Beverly Drive
      
    Photo courtesy of Collective Luxury Residential
    The wine cellar can hold up to 2,000 bottles.
    home-for-sale
    news/real-estate
    news/home-design

    Rent report

    Dallas boasts 2nd highest spike in millionaire-renters nationwide

    John Egan
    Jun 5, 2025 | 4:30 pm
    Luxury apartment
    Photo by Francesca Tosolini on Unsplash
    More millionaire renters means more luxury apartments.

    Sure, plenty of Dallas millionaires own swanky homes in the Park Cities. But in recent years, Dallas has seen a huge spike in the number of millionaires opting to rent rather than own a place to live.

    A new report from apartment search website RentCafe ranks the Dallas metro area as the second fastest-growing U.S. market for millionaire renters from 2019 to 2023.

    The number of millionaire renter households in Dallas-Fort Worth soared more than 1,200 percent — from just 14 in 2019 to 185 in 2023, according to the report.

    Looking at DFW's millionaire-renter data another way, the region ranked 14th for the sheer number of households (185) occupied by millionaire renters in 2023, the report says.

    “Many of today’s high-income renters live in metro areas … where the abundance of apartments as well as sky-high costs of homeownership make renting the more practical and cost-effective option,” RentCafe explains.

    The report largely attributes a nationwide 203-percent bump in millionaire-renter households to a 60-percent spike in the number of millionaire renters among millennials from 2019 to 2023.

    Still, in DFW, the number of millionaire homeowners far outweighs the number of millionaire renters. The report tallied 3,133 local millionaire-owner households in 2023, earning it 11th place on the list of hotspots for millionaire owners.

    RentCafe based its report on data from the Integrated Public Use Microdata Series (IPUMS) website.

    Elsewhere in Texas
    Dallas was bested only by Houston, which ranked No. 1 nationwide for the biggest spike in millionaire renters.

    The number of Houston millionaire renters swelled from just seven in 2019 to 179 in 2023, according to the report. Houston’s growth rate for that time period — nearly 2,500 percent — put it at the top of the rankings. Houston ranked 15th for the number of millionaire-renter households (179) in 2023.

    However, Houston landed behind Dallas (No. 12) in the ranking of the number of hotspots for millionaire homeowners (3,050).

    The Austin metro area landed at No. 19 for growth in the number of millionaire renters. That figure climbed from 90 in 2019 to 207 in 2023, or 130 percent, the report shows. Austin ranked 12th for the number of millionaire-renter households in 2023.

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