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Home For Sale

Dallas '50s house for sale is a pretty palace of knotty pine

Teresa Gubbins
Mar 8, 2024 | 5:51 pm

There's a '50s house for sale in a sought-after area of East Dallas that is nothing less than a palace of knotty pine.

The home is in the Lochwood Subdivision, northeast of White Rock Lake, and south of Northwest Highway, at 11122 Flamingo Ln., across the street from Martha Turner Reilly Elementary School and a couple blocks from Lochwood Park.

Built in 1955, the home has 1,766 square feet on a 7,797-square-foot lot, with 3 bedrooms, 2 bathrooms, and a two-car garage accessed from the rear.

It's currently listed at $425,000 as-is by Christopher Beary with Beary Nice Homes, who is no doubt having to cough-cough adjust the expectations of the seller, since it's been on the market for 23 days, and has already seen two price drops from its original asking price of $450,000.

That price seems a tad bold, even for someone who likes '50s homes in original condition and would not need to replace the wonderful original-tile bathrooms, given some of the other issues with the property, and we're not talking about the old-lady drapes or faded wallpaper in the kitchen.

There is one window that is actually missing, covered with plywood, and at least one of the window screens is falling off. There has definitely been a garage conversion; the opening is now replaced by a fireplace.

All that said, it's hard to find homes in the Lochwood Division in that price range, and besides, the house is a knotty pine lover's dream. There's knotty pine paneling in the kitchen, and knotty pine in the family room-library: a long expanse as far as the eye can see, with a big set of built-in bookshelves and cabinets, featuring classic black hardware handles and hinges.

The kitchen has a laminate countertop with the built-in backsplash in a "pop of color" lipstick red — a far cry from granite, but perfectly functional, built to last decades. And its cabinets may be painted white but that is definitely knotty pine beneath the paint.

Other notable original elements include two bathrooms, both boasting old-school 4X4 tile which looks to be in very good condition, one salmon pink and the other a fabulous, almost lurid bubblegum-pink.

The description says the home is "ripe for renovation, offering vast potential for those with a vision," and "while it demands TLC, its inherent value is undeniable, making it a perfect project for investment or to craft into your dream home."

11122 Flamingo Ln.

Courtesy

11122 Flamingo Ln.

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Dallas ranks among top 10 U.S. metros for surge in millionaire renters

Amber Heckler
Oct 16, 2026 | 9:53 am
Dallas skyline with reflection
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The number of millionaire renters and homeowners in the U.S. has surged over the last five years, and Dallas has cracked the top 10 metros with the largest growth rates among these affluent renter households.

Nationwide, the number of millionaire renter households grew 229 percent from 2020 to 2024, far outpacing the 193 percent growth rate among millionaire homeowners, a new RentCafe study found.

In Dallas, the number of millionaire renter households has more than quintupled, from just 30 in 2020 to 165 in 2024. That represents a renter growth rate of 450 percent, which - surprisingly - is only the 8th highest nationwide.

Houston leads the nation with the No. 1 increase in millionaire renters. The number of these wealthy households increased from 18 to 232 over the last five years, representing an impressive 1,189 percent growth rate.

The top 10 U.S. metros with the biggest surge in millionaire renters are:

  • No. 1 – Houston
  • No. 2 – Naples, Florida
  • No. 3 – Miami
  • No. 4 – Seattle
  • No. 5 – Los Angeles
  • No. 6 – Denver
  • No. 7 – St. Louis, Missouri
  • No. 8 – Dallas
  • No. 9 – Boston
  • No. 10 – Phoenix

But when it comes to the largest populations of millionaire renters, New York City and San Francisco still lead the way. New York claimed the No. 1 spot with nearly 7,300 millionaire renters living in the city in 2024. Dallas ranked 17th on that list.

Elsewhere in Texas, Houston and Austin ranked as the 12th and 16th, respectively, for the largest population of millionaire renters. There were 232 millionaire renters living in Houston in 2024, and 206 in Austin.

This is who the typical millionaire renter is
The report also revealed a surprising statistic about the typical millionaire renter in the U.S. — a lot of them are millennials working in "white-collar, high-earning fields."

"Nearly half (49 percent) of millionaire renters are Millennials, and the number of affluent Millennial renter households surged 392 percent during the five-year period," the report said. "Gen X follows with 33 percent of millionaire Gen X households renting after increasing by 147 percent."

The report continued, "Although Gen Z still represents a small share of millionaire renters (just 2 percent of the total), no generation has expanded faster: Gen Z millionaire renter households leaped from fewer than a dozen to more than 400 — a tiny cohort today, but one that was virtually nonexistent five years ago."

The top three most common professions for millionaire renters are chief executives, software developers, and managers, the report additionally found.

"These roles tend to generate steady, substantial income without necessarily tying workers to one location, making renting a practical fit, rather than a financial necessity," the report said.

Hotspots for millionaire homeowners
In RentCafe's separate list comparing the top 10 most popular U.S. metros for millionaire homeowners, Dallas ranked 10th nationally with 4,731 millioniare homeowners living in the metro as of 2024. These wealthy Dallas residents are most likely working as chief executives, physicians, managers, and lawyers and judges.

Dallas has already proven to be a hotspot for millennial homebuyers, and the latest RentCafe data says millennials make up 19 percent of all millionaire homeowners in the U.S. Gen Xers and Baby Boomers still maintain the largest shares of millionaire homeowners nationwide, at 45 and 33 percent, respectively.

Houston (No. 12) and Austin (No. 20) appeared further down the list among the hottest metros for millionaire homeowners.

Only one Texas city appeared among RentCafe's list of the 20 fastest-growing metros for millionaire homeowners: College Station ranked 13th nationwide with a growth rate of 1,329 percent. From 2020-2024, the number of millionaire homeowners residing in College Station grew from 14 to 200.

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