Your Expert Guide

Long Cove: Where every day's a peaceful getaway on Cedar Creek Lake

There are so many great places to live in Dallas that it helps to have an expert on your side. The Neighborhood Guide presented by Briggs Freeman Sotheby's International Realty gives you insider access from the agents who live and work there, providing in-the-know info about your possible new community.

Photo courtesy of Briggs Freeman Sotheby's International Realty

This is your backyard.

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Just an hour-ish from Dallas, the gated community of Long Cove spans 1,200 acres with six miles of shoreline at the clear, deep end of Cedar Creek Reservoir. It was created by Dallas’ Don McNamara, the developer and investor behind Cityplace and West Village in Uptown, and a longtime resident of Cedar Creek Lake. McNamara invested 12 years in planning Long Cove, modeling it on such getaways as Seaside, Watercolor, and Horseshoe Bay.

It's such a magical place that real estate agent Marty Cobb immediately knew she had to make it her home.

"I started looking at this neighborhood in mid-2024 and fell in love immediately," she says. "This area is a hidden gem. I have never seen another neighborhood more family-friendly than this one, though there is something for every age group."

Cobb likens living there to being on vacation, saying it's easy to enjoy the peaceful, friendly, and laidback lake lifestyle.

"Just one visit and you will feel at home," says Cobb, whom you may recognize from season 28 of The Amazing Race, where she competed with her daughter.

Cobb offered up a few of her personal favorites about life in Long Cove. Here's her guide to the area:

Where to eat & drink
Hearty fare with a view is on the menu, especially at Fig's Steakhouse, V's Steakhouse, and Elements by 456.

Where to play
"With your 1,200-acre backyard there are nonstop activities and events for all ages," points out Cobb.

For golf lovers, Long Cove has its own family-friendly, 9-hole course, and the highly rated Pinnacle Golf Club boasts an 18-hole championship course just 15 minutes away.

If you want to explore outside the neighborhood, Trinity Forest Adventure Park offers six high ropes courses of varying levels of difficulty, as well as ziplines to enjoy the treetop views.

Where to live
"If you are looking for a weekend home or a full time oasis, there is an abundance of options here," says Cobb. "Whether you prefer the picturesque sunrise and sunset on the water or stepping out onto a golf course, these houses consider every detail."

Cobb recently helped a client who wanted to find a legacy property where his large family could gather for weekends, holidays, and special family time. After viewing properties in numerous cities and states, he was immediately sold on Long Cove as the perfect spot.

"This area is a hidden gem," says Cobb. "Living here feels like a vacation everyday — a perfect place to make lifelong memories."

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Marty Cobb works and plays in Long Cove on Cedar Creek Lake. For more information on buying and selling a home in the area, click here, email mcobb@briggsfreeman.com, or call 806-777-7494.

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REAL ESTATE NEWS

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

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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