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    Urban Real Estate

    This downtown Dallas dwelling's vertical 'hood gives us the warm fuzzies

    Diana Oates
    Sep 17, 2015 | 9:02 am

    Downtown Dallas is making a serious comeback and with cool condos like this one-bedroom, one-bath at The Metropolitan, we can see why.

    Listed by Dave Perry-Miller's Updike|Pugh team, this 757-square-foot unit boasts the big-city views that people think of when they envision their dream urban abode. Perched above Belo Garden, its views of Reunion Tower, Bank of America building, Omni Dallas, and more are second to none.

    But what we dig most about this property is not the views or the amenities, but the listing agent's emphasis on the sense of community that The Metropolitan residents feel in their vertical 'hood.

    "With over 250 units on a city block you get a melting pot of neighbors," Jeff Updike says. "Such a diverse crowd of really great people who become more than just neighbors, but friends and your own 'building family.' We even have a building 'mom' who is the admin for the private Facebook group created specifically for residents."

    Residents enter their unit and find themselves in the main living area, which includes the living room and kitchen. Relax on your private balcony before you head to the kitchen to whip up dinner. The kitchen features black granite countertops, stainless steel appliances, and a breakfast bar.

    Down a short hall you'll find the bedroom, with its two walk-in closets and plenty of space for a king-sized bed. The bathroom across the hall has oodles of storage space and the utility closet has a front-loading washer and dryer plus room for all your toiletries.

    Outside the condo, owners enjoy the property's pool, fitness center, green space, grilling area — and there's even a movie theater! There is also a conference room that is available to host business meetings. Each resident has one parking spot and there is ample storage for bicycles on the property's secured bike racks.

    The only obvious drawback to this otherwise perfect condo is the fact that there is only one bedroom. It seems, however, that The Metropolitan has all the answers, as it has a guest suite available for rent to keep your guests close but give them privacy for rates the listing realtors claim is cheaper than a hotel.

    Listed at $199,999, those who are happy in small spaces would be smart to swoop this property up before the masses roll in. There are lots of new businesses in the area expected to arrive in the future (think multiple hotels, Forty Five Ten, a grocery store, and maybe even a second DART line).

    "With just over 7,000 people living in the CBD loop, the population is set to break 10,000 in the next two years," Updike says. "The Metropolitan is a great value for downtown and offers some of the lowest HOA fees in the area."

    For all its big-city flash, this unit is in a tight-knit building.

    1200 Main Street 2505
    Photo courtesy of Updike|Pugh
    For all its big-city flash, this unit is in a tight-knit building.
    downtowncondoshome-for-sale
    news/real-estate
    news/home-design

    REAL ESTATE NEWS

    More Dallas homeowners are becoming 'accidental landlords,' study finds

    Brandon Watson
    Mar 18, 2026 | 12:29 pm
    For Lease Real Estate Sign Hangs in Front Yard of House
    Getty Images
    An increasing number of Houston homeowners are bcoming "accidental landlords"

    Dallas homeowners unable to sell their properties are increasingly becoming “accidental landlords,” according to Zillow. The real estate marketplace’s newest analysis says that 3.4 percent of its local for-sale listings recently converted to rentals, making Dallas the eighth-worst U.S. city for the market trend.

    In Texas, three cities rank higher than Dallas: Austin (4.1 percent), Houston (4.2 percent), and San Antonio (3.9 percent). Seven of the top 10 metros are in Texas or Florida. Denver (4.9 percent) ranks as the No. 1 city for the trend.

    Zillow senior economist Kara Ng says today's dynamic is driven by choice rather than panic. Homeowners aren't being forced to sell; they're simply unwilling to accept what the market will actually pay.

    "As the market continues to rebalance, sellers are facing a different reality than they did a few years ago," Ng said in a statement. "Bargaining power is tilting toward buyers, and homes are taking longer to sell, making renting out a property one way to buy time rather than compete aggressively on price. After all, today's sellers are rarely forced to sell, and it appears they are often unwilling to budge off of what their heart says their home is worth."

    Nationally, the trend is nearing a record high. 2.3 percent of all Zillow rental listings were recently for-sale properties, second only to November 2022, when mortgage rates had doubled in a single year, and sellers were scrambling. That spike was shock-driven, but now stubbornness is likely fueling the shift.

    Single-family homes make up the largest share of accidental landlord properties, but condos are seeing the fastest rise. Metros with the hottest buyer competition, including Boston, New York City, and Providence, Rhode Island, have the lowest accidental landlord rates.

    For both local buyers and sellers, Goldilocks thinking is increasingly the norm. Sellers, especially those who bought during the COVID-19 boom, are holding their asking price firm to avoid taking a loss. Buyers, for their part, are refusing to compromise on concessions and repairs.

    The 10 U.S. Metros with the highest share of accidental landlords are:

    1. Denver: 4.9%
    2. Houston: 4.2%
    3. Austin: 4.1%
    4. San Antonio: 3.9%
    5. Portland: 3.7%
    6. Tampa: 3.7%
    7. Miami: 3.5%
    8. Dallas: 3.4%
    9. Jacksonville: 3.3%
    10. Nashville: 3.2%

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