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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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    REAL ESTATE NEWS

    Nearly half of Dallas home sellers are slashing prices amid buyer’s market

    Brandon Watson
    Apr 29, 2026 | 2:31 pm
    Homes
    Photo by Dillon Kydd on Unsplash
    Nearly 58 percent of San Antonio home sellers dropped their list price in February

    Prospective home buyers in Dallas may want to seal the deal this spring. According to a new Redfin report, nearly 47.3 percent of home sellers in the city dropped their list price in February.

    Two other Texas cities clocked ahead of Dallas: In Austin, the number was 55.2 percent, and in San Antonio, it was an eye-popping 57.9 percent — the highest share among the 50 most populous regions in the U.S.

    According to the real estate marketplace, Texas’ dominance on this list isn't coincidental. Along with Florida, the state has been building more homes than anywhere in the nation, giving prospective buyers more options and bargaining power.

    Nationwide, 34.2 percent of February home sellers cut their asking price, a 31.5 percent rise from a year earlier and the highest share ever since Redfin began tracking markets in 2012. The average cut was $40,915, approximately 7 percent of the original sticker price.

    Redfin attributes the discounts to a classic supply-and-demand imbalance. High mortgage rates combined with economic uncertainty have kept buyers on the fence while sellers continued to flood the market with new homes. The company speculates that the real rate of cuts may be higher since it does not account for delisted properties.

    “A lot of people who couldn’t sell their homes last year opted to delist instead of reducing the price, with a plan to relist this spring because they knew that would give them a better chance of selling,” says Redfin real estate agent Aditi Jain, via a release “Some homeowners need to move immediately, but those who can afford to time the market may get a better price.”

    Redfin says that spring consistently produces the lowest share of price cuts, with May having the lowest share in six of the past 10 years, and April taking the title in three others.

    Sellers who closed in December faced the highest likelihood of cutting their price. Sellers who have owned their homes longest are also better protected from market fluctuations.

    Owners who have lived in their homes for at least seven years cut prices at a rate of 31.8 percent, compared to 37.4 percent for those who have owned for two years or less. More recent buyers who purchased their homes at the height of the pandemic boom are now reluctant to accept what the market will actually bear.

    The five U.S. cities with the highest shares of cut listing prices are:

    No. 1 — San Antonio, Texas (57.9%)
    No. 2 — Austin, Texas (55.2%)
    No. 3 — Dallas, Texas (47.3%)
    No. 4 — Tampa, Florida (45.9%)
    No. 5 — Fort Lauderdale, Florida (44.9%)

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