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Castle For Sale

Most recognizable house on Inwood Road commands castle-worthy price

Jennifer Chininis
Aug 6, 2014 | 12:11 pm

Anyone who has driven past the intersection of Inwood Road and Royal Lane in Dallas knows this house. It sits proudly on the corner, the imposing castle-like façade fully exposed, without a stone wall, tree or even a shrub to hide behind.

If ever you have wondered what it might be like to live inside this stone-clad estate, then get out your checkbook: For $7.7 million, 10770 Inwood Rd. can be yours.

For that price you get seven bedrooms, each with its own bath; gourmet kitchen built for entertaining, with two refrigerators, three ovens and three dishwashers; a fully outfitted gym; six fireplaces; wood-cloaked library; wine cellar; media room with blackout drapes and $250,000 sound system; and three garages.

As you might expect, the interior is rather traditional in its styling, with soft yellows and wallpaper throughout many of the rooms. Formal drapes frame several of the views out to the grounds — but worry not, because they do not obstruct the natural light.

Veteran real estate watchers may recall the castle's longtime construction in the late '90s. Ophthalmologist Dr. Lewis Frazee and his wife, Paulette, spent six years building the home, in a controversial "pay as you go" mode that raised some dust at the time. The frugal Frazee paid for the home with cash, doling out payments week after week. He and his family lived there for three years while the construction was ongoing.

This grand home sits on 1.74 acres and also features a saltwater pool. Three balconies overlook this backyard oasis, and all of them boast a pair of gargoyles. Dave Perry-Miller listing agent Charme Gallini says the gargoyles act as gutter spouts, so when it rains, the water runs off the balconies through the gargoyles’ mouths — a playful touch that softens the seriousness of this 10,532-square-foot fortress.

The castle-like manor on Inwood Road has hit the market for $7.7 million.

Exterior of 10770 Inwood Rd. in Dallas
Photo courtesy of Dave Perry-Miller & Associates
The castle-like manor on Inwood Road has hit the market for $7.7 million.
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living single

Dallas lands among 10 most affordable U.S. metros for living alone

Amber Heckler
Oct 21, 2026 | 9:10 am
Dallas skyline
Getty Images
In DFW, renters can afford to live solo.

Not everyone is cut out for living with roommates, but finding an affordable place to live alone can be tricky. Luckily, Dallas-Fort Worth sits among the top 10 most affordable U.S. metros for living by yourself, according to a new report.

Analysts at Apartments.com discovered North Texas renters spend the seventh lowest share of their monthly income on single-bedroom rent out of the 50 biggest metros in the U.S.

The study used a 30 percent "common budgeting guideline" to calculate the share of median renter household income spent on one-bedroom asking rents across the 50 largest U.S. metros, and determined renters can only afford to live alone in 24 of the 50 metros without crossing the 30 percent threshold.

The median annual income of a DFW renter household is $63,172, and the findings show the typical asking rent for a one-bedroom apartment comes out to $1,348 per month. The study determined single renters spend 25.6 percent of their monthly income on rent based on the budgeting suggestion.

Texas' favorable rental market also extends outside of the Dallas-Fort Worth Metroplex: Austin surprised as the No. 1 most affordable metro for living alone, and San Antonio appeared among the top 10.

Austin renters spend the smallest share of their income on single-bedroom apartment rent, at 23.1 percent. That's based on a median renter household income of $70,008 and a $1,348 monthly one-bedroom asking rent price.

Dwindling rent prices and the prevalence of major tech employers are also attracting new renters, and the city has an 11.6 percent apartment vacancy rate.

"The average rent in Austin has decreased year over year, and construction of new housing increased by 30 percent over the past decade," the report's author wrote. "Tax incentives in Texas draw large tech corporations, like Google and Apple, to the Austin area, which has increased average wages, added more jobs to the local economy, and attracted renters in the process."

San Antonio ranked right above DFW in sixth place nationwide with solo renters spending 25.4 percent of their monthly income on single-bedroom rent, coincidentally the same share as single renters living in Raleigh, North Carolina and Salt Lake City, Utah.

This is the income and one-bedroom rent data in San Antonio:

  • $51,029 – median renter household income
  • $1,082 – one-bedroom monthly asking rent

A separate Apartments.com survey found 39 percent of U.S. adults would never feel comfortable living with a roommate, and 16 percent of renters would rather pay more in rent to live alone than consider living with a roommate.

"Factors contributing to lower rents may include recent high levels of construction, rising vacancy rates as renter demand catches up to supply, and fewer regulations, such as flexible zoning and lower development costs compared to other parts of the country," the report said. "Living alone has become a non-negotiable for many renters, and some renters are willing to make tradeoffs to afford this lifestyle."

The top 10 most affordable U.S. metros for living alone are:

  • No. 1 – Austin
  • No. 2 – Oklahoma City
  • No. 3 – Phoenix
  • No. 4 – Raleigh, North Carolina
  • No. 5 – Salt Lake City, Utah
  • No. 6 – San Antonio
  • No. 7 – Dallas-Fort Worth
  • No. 8 – Denver
  • No. 9 – Portland, Oregon
  • No. 10 – Columbus, Ohio
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