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Historic Real Estate

Grand Swiss Avenue estate for sale has Neiman Marcus history

Joanna England
Apr 27, 2015 | 9:25 am
5803 Swiss Ave. backyard
More room for entertaining out back.
Photo courtesy of Elizabeth Mast Briggs Freeman Sotheby's International Realty

A piece of Dallas history is for sale at 5803 Swiss Ave., the home built by Neiman Marcus co-founders Carrie Marcus Neiman and husband Abraham Lincoln Neiman. Marcus lived out her last days in the house, and it has had only two owners in its 93-year history.

Translation: This house has been well-maintained, and it’s not a gut job. List price: $1.3 million.

Listing agent is Elizabeth Mast of Briggs Freeman Sotheby’s International Realty, who specializes in the Swiss Avenue Historic District. Mast does a lot of research on all of her listings and dug up some old photographs of the property, which can be seen in the slideshow.

The 5,100-square foot home has four bedrooms and four-and-a-half bathrooms. According to Mast, some rooms were renovated in the 1950s, including the solar, just off the formal living room; kitchen; and master suite. More recently, two of the three full baths on the second floor have gotten facelifts, with marble counters, subway tiles in the shower surround, and vintage-inspired hex tiles on the floor.

What makes this home special is its potential, says Mast. “Compared to the other homes on Swiss, this one has an open floor plan, sweeping living spaces and expansive rooms that flow so well,” she says. “It is perfect for entertaining, I think. It would easily host a large Christmas party.

“If you want to update these rooms for a modern family, it would be a great property to do so,” she adds. One area of opportunity is the formal dining room, butler’s pantry and kitchen, which could be combined into a great space more suited to today’s lifestyles.

Up that beautiful staircase are three small bedrooms and the master suite; there also is an elevator original to the home. The master has a large sitting area, but the new owners might want to steal some space from that and give it to the master bathroom, which definitely needs an update.

Also upstairs is a partially finished attic studio with another full bath. An teenager who wants privacy would love it up there, or it could be used as an artist’s retreat. The view to the backyard is a lovely one.

Before putting the home on the market, Mast consulted with a structural engineer who said that the foundation, for the home’s age, is in excellent shape. The new owners, should they be interested in returning the home to its former glory, should pay special attention to the brick facade and the cast metal overhang.

Mast notes that there’s a 768-square-foot basement that is not included in the total square footage, and it can be accessed through the rear patio. Out back there is also a good-sized pool.

Investment-minded people will appreciate the income-producing apartment over the two-car garage just off the home’s driveway. It’s occupied right now but could fetch a prettier penny once updated — and that would be money well spent.

---

A version of this story originally was published on Candy’s Dirt.

More room for entertaining out back.

5803 Swiss Ave. backyard
Photo courtesy of Elizabeth Mast Briggs Freeman Sotheby's International Realty
More room for entertaining out back.
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news/real-estate

Going Down

This Dallas suburb saw 5th biggest drop in home prices in U.S. in 2026

Amber Heckler
Apr 16, 2026 | 9:08 am
Women walking in Plano
Photo courtesy of City of Plano
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Good news for potential Dallas-area homebuyers: Housing prices in Plano have come down nearly $30,000 since last year.

Typical home values in Plano have fallen 5.1 percent since February 2025, now standing at $501,564, down from $528,510.

The new housing study from SmartAsset analyzed home values across the 100 biggest metro areas using Zillow’s Home Value Index tool for single-family homes, condos, and co-ops. Home value data was sourced for the month of February in 2021, 2025, and 2026.

Plano is joined by Oakland, California (No. 1); Saint Petersburg (No. 2); Naples, Florida (No. 3); and Austin (No. 4) as the top five U.S. cities with the biggest one-year home price reductions in the U.S.

Housing prices in Dallas-Fort Worth have been on the decline since 2024, a separate study found, but SmartAsset said they're still a whopping 32.4 percent higher than they were in 2021. And compared to Plano's pre-pandemic housing market in 2019, prices have ballooned by 44.1 percent.

Here's how much cheaper housing prices are in other North Texas cities:

Dallas:

  • One year change: -3.79 percent
  • Typical home value in 2025: $317,550
  • Typical home value in 2026: $305,523

Arlington:

  • One year change: -3.41 percent
  • Typical home value in 2025: $318,649
  • Typical home value in 2026: $307,792

Fort Worth:

  • One year change: -3.08 percent
  • Typical home value in 2025: $305,236
  • Typical home value in 2026: $295,822

DFW homeowners are also entering the best time of the year to sell their houses, which could add a sudden sense of competitiveness for buyers.

Home prices elsewhere around the U.S. have seen varying changes, according to the report.

"Between 2025 and 2026, the typical home value in large U.S. cities actually declined by 1.04 percent, with values dropping in 70 percent of cities," the report's author wrote. "But the full range of changes from market to market ran the gamut from -9.1 percent to +5.01 percent, putting both hopeful buyers and homeowners in starkly different environments across the nation."

The top three U.S. cities where home prices increased the most since 2025 are Toledo, Ohio (No. 2); Lincoln, Nebraska (No. 2); and San Francisco (No. 3).

The 10 cities with the biggest one-year decreases in home values are:

  • No. 1 – Oakland, California
  • No. 2 – Saint Petersburg, Florida
  • No. 3 – Naples, Florida
  • No. 4 – Austin
  • No. 5 – Plano
  • No. 6 – Aurora, Colorado
  • No. 7 – Denver
  • No. 8 – Atlanta
  • No. 9 – Stockton, California
  • No. 10 – Tampa
housing prices housing market real estate smartasset reports plano dallas arlington fort worth
news/real-estate
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