Haute House

Dallas restaurant and design icon's gem of a home hits the market

It's not often that the home of a Dallas legend comes up for sale, and it's rarer still when the house itself is an architectural gem.

For more than two decades, Marilyn Lenox and her husband Bill — of Bob's Steak and Chop House and Antèks Home Furnishings fame — filled 5349 Drane Dr. with memories. Bill's passing in early 2017 prompted Marilyn to downsize, and now the stunning French Colonial in Greenway Parks is on the market for $2,995,000.

It was originally constructed in 1985 by former builder Cathy Dann. As she meant it to be her personal home, the materials, finish-outs, and level of detail are exquisite, complementing a floorplan that's big on square footage (6,698) but designed so that the rooms still feel intimate.

The floorplan is what got the Lenoxes to stop and take notice; after viewing more than 200 properties during their house hunt, they knew immediately that this one was perfect.

One major selling point is the two master bathroom suites — that's right, his-and-hers full bathrooms instead of merely his-and-hers sinks. There are four more full bathrooms and one powder room, all in complement of the five bedrooms, four masonry fireplaces, three-car garage, double dishwashers in the chef's kitchen, and resort-style pool and spa.

There are a few other bonus features that fall into the category of "didn't know were needed but now can't live without": an impressive wine room just off the living room bar, the grand porte cochere in the circle drive, and a mosquito misting system in the backyard.

All this, and in Greenway Parks too. This section of Dallas is adjacent to Highland Park, on the west side of the Tollway. The neighborhood is known for its big lots, active and tight-knit community — expect events whenever there's a holiday or even the slightest reason to celebrate — and safe streets, thanks to the off-duty Dallas police officers who are contracted to patrol the area.

Ty Vaughn with The Associates Realty has the listing, which has attracted quite a bit of attention since going live. Considering the home's pedigree, we'd expect nothing less.

The home at 5349 Drane Dr. is listed for $2,995,000.

Photo courtesy of The Associates Realty

The home at 5349 Drane Dr. is listed for $2,995,000.

promoted home-for-sale

homebuyer power play

Dallas declared one of the top 10 buyer's markets in the U.S. right now

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The tide has turned for the Dallas housing market, and buyers now have more power than ever to negotiate on their forever home, a new real estate report has confirmed.

Dallas has now become one of the top 10 strongest buyer's markets in the nation with sellers outnumbering buyers by 107 percent, Redfin's newest market trends report found.

Nationally, sellers outnumbered buyers by 58 percent in August 2026, which Redfin says is the largest gap on record. Out of the 49 most populous metros in the U.S., only five are considered seller's markets, and eight are considered "balanced" markets where the number of buyers and sellers are nearly equal.

That leaves the remaining 36 most populated U.S. metros as buyer's markets, which includes the biggest cities in the Lone Star State. In fact, four Texas cities rank among the 10 strongest buyer's markets in the country right now: Houston (No. 3), San Antonio (No. 6), Austin (No. 7), and Dallas (No. 8).

There were 30,854 sellers on the market in Dallas last month, more than double the amount of buyers (14,865). The market's tilt in favor of house hunters allows more legroom to be picky with the increased supply of available housing, while falling demand indicates less competition with other buyers.

"In most markets, buyers should negotiate on price and ask for concessions like repairs or help with closing costs," said Redfin senior economist Asad Khan. "Buyers shouldn’t assume every seller will budge, especially on a desirable home that’s already priced well, but they don’t need to rush into a deal that doesn’t feel right."

For sellers that want to stand out in a saturated market, Redfin suggests they should price their homes competitively and be prepared to negotiate.

A separate Redfin report found mid-September is the best time for Dallasites to buy a home, but other experts say hesitant shoppers have until early October to take the plunge.

Regardless of the timeline, the report warns that the recent surge of available housing is only beneficial for homebuyers that can afford it.

"High housing costs and widespread economic uncertainty have caused many would-be buyers to back off in recent years, creating the imbalance of buyers and sellers we see today," the report said.

The median price of a home in Dallas came out to $408,561 in August, though 79 percent of all home sales in the city sold for below their original asking price.

The top 10 strongest buyer's markets in the U.S. are:

No. 1 – Nashville, Tennessee
No. 2 – Miami, Florida
No. 3 – Houston, Texas
No. 4 – Orlando, Florida
No. 5 – Las Vegas, Nevada
No. 6 – San Antonio, Texas
No. 7 – Austin, Texas
No. 8 – Dallas, Texas
No. 9 – Atlanta, Georgia
No. 10 – Phoenix, Arizona

"Nashville, Texas, and Florida are home to robust buyer’s markets partly because they have some of the most active homebuilding pipelines in the country, with newly built homes continuing to hit the market even as demand cools," the report said.

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