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House For Sale

Bids start at $350K for this rare foreclosed mansion in Preston Hollow

Teresa Gubbins
Sep 10, 2018 | 10:21 am

A mansion in the center of posh Old Preston Hollow appraised at nearly $5.5 million is on the auction block, with an opening bid of $350,000.

The home is at 9410 Alva Ct. at the corner of Deloache Ave., in one of Dallas' most celebrity-studded neighborhoods (Ross Perot, Mark Cuban, Dirk Nowitzski, George W, etc). Once owned by restaurant mogul Norm Brinker, it was purchased by colorful oncologist Dennis Birenbaum in 2002, who deserves props for recommending that people avoid eating junk food.

In February, the property went into foreclosure, and is now owned by Bank of America.

The house is also listed with a Realtor, with an asking price of $3.6 million — a veritable steal in a neighborhood where properties start at $4 million and up.

Built in 1988, it has 11,800 square feet, with 6 bedrooms and 8 bathrooms — 7 full and 1 half, one with two chandeliers. There are 5 fireplaces, a safe room, and elevator, and like most of its neighbors, the house sits within gated grounds on a lot that's more than an acre in size.

There's a wood-paneled library, formals, and a downstairs master bedroom with his-and-her bathrooms and closets.

The grounds include a lap pool, hot tub, putting green, and an ivy-covered garage with 5 parking spaces. The property has tons of trees — there's a little bit of an unkempt Grey Gardens thing going on, reflecting the fact that the house has been unoccupied for most of 2018. Maybe the buyer will keep it as is and cultivate that "old money" vibe? Yeah, that won't happen.

Guest quarters feature two bedrooms and a kitchen, plus living area, and a separate entrance from the main house.

The house features some nice inlaid hardwood floors and a kitchen with two dining areas, two granite-topped islands, stainless appliances, and a wine cooler. But agent Kelly Boulton says that they're positioning the house as a fixer-upper.

"We're looking for a buyer who wants to bring it back to its former glory," she says.

The auction period begins on September 22.

Grand room with fireplace, arched windows, and coffered ceiling.

9410 Alva Ct.
Photo courtesy of auction.com
Grand room with fireplace, arched windows, and coffered ceiling.
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BUILDING BOOM

Dallas ranks No. 22 among U.S. metros for new-home construction

John Egan
Sep 1, 2026 | 11:35 am
New home construction
Photo by Ryan Stephens/ Pexels
San Antonio-New Braunfels leads Texas in new home construction.

As the population of the Dallas-Fort Worth metro area continues to grow, so does the need for housing. One of the primary ways to address this: Build more homes.

The region appears to be on the right track for addressing the booming demand.

A new report from Realtor.com puts the DFW at No. 22 among the top 25 new-construction metros in the U.S.

To develop the list of the top new-construction metros, Realtor.com looked at four factors in each of the 100 largest U.S. metros:

  • Newly constructed homes as a share of all listings.
  • New-construction premium. That’s the percentage difference between a median-priced new build and a median-priced existing home.
  • Climate risk difference. That’s the percentage difference in average flood, fire, air quality, wind, and heat risk between new builds and existing homes.
  • “Hotness” of the new-construction market, based on Realtor.com pageviews per listing and median time on the market for new builds.

Sun Belt markets dominate rankings
Of the top 25 metros in the Realtor.com report, 20 are in Sun Belt states.

“New construction is one of the most important ways to expand the supply of homes available to buyers, but the opportunity is not evenly distributed across the country,” Joel Berner, senior economist at Realtor.com, said in a release.

“This year’s ranking shows that Southern metros are not only building more homes; they are also creating conditions where buyers can find newly built homes at prices that compete with, and in some cases beat, existing homes,” said Berner.

Dallas joined Texas’ three other major metros in the top 25:

  • San Antonio-New Braunfels, No. 14
  • Austin, No. 16
  • Houston, No. 20

More reasons for homebuyer optimism
The greater Dallas area is home to some of the hottest real estate markets in the country - especially the suburbs of Frisco, McKinney, Allen, and Denton

Dallas also fares well when it comes to new-home prices. In a recent Realtor.com analysis, the DFW metro ranked eighth for the largest share of builders slashing prices on new homes. Austin landed at No. 5 and San Antonio at No. 3 among the 100 largest U.S. metros.

The Realtor.com rankings arrived as Dallas-Fort Worth nears the prime time for homebuyers to score a deal. A recent report from real estate brokerage Redfin found mid-September reigns as the best time for homebuyers to land a deal in North Texas.

Adding to the attractiveness of buying a home in DFW: Personal finance website SmartAsset recently ranked Texas as the 18th best state for under-35 buyers.

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