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    Love this Listing!

    Everything looks marvelous in this Melrose Avenue modern home for sale

    Diana Oates
    Jan 24, 2020 | 10:30 am

    It doesn't take a real estate mogul to realize that something special is going on at 5409 Melrose Ave. in Dallas' ever-blossoming Knox Henderson-Lower Greenville corridor. And that something is the sophisticated yet totally modern home that is currently for sale or lease.

    This 2014 Pierce Jordan construction was designed by a commercial architect, which makes it stand out among other new-ish constructions in the area. From the museum finish walls to the commercial grade doors and windows, this space is spectacular.

    "The center glass courtyard, high windows, and floor-to-ceiling glass on the second level buck the builder trends to fill out square footage and save money on materials," listing agent Kyle Baugh says. "On a nice day, you can turn off all the lights in the house all day long and not skip a beat."

    There are three bedrooms and three bathrooms; however, it's easy to tell that the open-concept kitchen is where all of the time is going to spent hanging out in this haute home. The Valcucine cabinets provide clean lines for a minimalistic look, and the Miele appliances are leaps and bounds better than your standard stuff. You won't even have to replace the countertops as soon as you move in because they are already the Cesarstone quartz that everyone loves.

    The home is sitting at a five-way intersection near other uniquely modern and significant homes. Could this be foreshadowing the intersection you find yourself in in your own life? To stay in the 'burbs or be bold and move to the city? To continue spending money on Uptown rent or blaze a new trail on Melrose Avenue?

    "I foresee a savvy urban professional moving into this home, potentially even an international buyer," Baugh says. "The current owner is originally from Bulgaria, by way of San Francisco. Many buyers in urban markets like San Fran, Chicago, or New York appreciate the use of light and living space. They are also drawn to the high-level modern elements in the home."

    But if you are on the market for your parents or your in-laws, don't count them out, either.

    "We've also have had lots of interest with empty nesters and baby boomers looking to downsize to live 'cool' in the city," the agent says.

    This luxurious listing is currently being offered for $799,000 or for lease for $5,000 a month. Liking what you see? There is an open house on Saturday, January 25 from 1-3 pm.

    The low maintenance courtyard has a sexy fountain for relaxing afternoons on the porch drinking a glass of wine.

    5409 Melrose Avenue
    Photo courtesy of Kyle Baugh
    The low maintenance courtyard has a sexy fountain for relaxing afternoons on the porch drinking a glass of wine.
    home-for-sale
    news/real-estate
    news/home-design

    REAL ESTATE NEWS

    Dallas ranks No. 9 among U.S. cities for canceled home sales in 2025

    Brianna Caleri
    Brandon Watson
    Nov 6, 2025 | 1:39 pm
    House/flat for sale sign
    Getty Images
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    Homebuyers across the United States are ghosting sellers at record rates, and Dallas has some of the worst offenders. Real estate marketplace Redfin tracked which metros saw the most buyers getting cold feet before closing real estate deals: Dallas came in at No. 9.

    Redfin says 17.7 percent of Dallas home purchases were called off in September 2025, an increase from 16.4 percent in September 2024.

    Fort Worth was even worse, landing at No. 4. In September, 18.7 percent of Fort Worth home purchases were called off, up from from 16.6 percent the previous year.

    By comparison, San Antonio ranked No. 2 overall, with the highest pull-out rate in Texas, at 19 percent.

    Tampa, Florida, topped the list with a cancellation rate of 20.1 percent. The national average is 15 percent.

    Redfin says Goldilocks thinking is largely to blame for the rise in buyers "ghosting" sellers. A lack of compromise on concessions and repairs is driving the trend, with buyers refusing to accept imperfect homes.

    Meanwhile, sellers want to avoid losing money on the deal. This is especially true of homeowners who bought during the COVID-19 boom, who are holding their asking price firm to avoid taking a loss. With plenty of homes on the market in "Sun Belt" cities — in some place, more than twice as many sellers than buyers — buyers are weighing all options.

    “I’m seeing a lot of buyer’s remorse,” explained Redfin agent Jo Chavez, in a release. “Buyers make an offer, then they start worrying they could have found a better deal or a better home because there are more home sellers than buyers in the market. Some other buyers are backing out because they’re concerned about job security.”

    The top 10 markets with the most sideways deals include:

    • No. 1 — Tampa, Florida
    • No. 2 – San Antonio, Texas
    • No. 3 — Atlanta, Georgia
    • No. 4 — Orlando, Florida
    • No. 5 — Fort Worth, Texas
    • No. 6 — Riverside, California
    • No. 7 — Fort Lauderdale, Florida
    • No. 8 —Jacksonville, Florida
    • No. 9 — Dallas, Texas
    • No. 10 — Las Vegas, Nevada
    home salesmarket conditionseconomyresidentialreal estate
    news/real-estate
    news/home-design
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