Real Estate Report: What $500,000 Buys You in Dallas

They can be yours for a cool half a million.

Mercedes5527 Mercedes Avenue $509,000
Greenland Hills/M Streets
3 bedrooms, 2 bathrooms, 2,005 square feet

This ’30s Tudor is located on a tree-lined street in the heart of the M Streets area of Dallas. (More specifically. it’s in the active Greenland Hills neighborhood association.) Like most of the original small-ish kitchens in this area, at least this particular space has been updated with charming accents such as granite, a stylish subway tile back splash, and a spacious farmhouse sink. Also of note: A large breakfast area is located off the kitchen. The sun porch looks like it needs attention and care, but with the right coat of paint and window treatments, it could easily be turned into a playroom for the kids or a light-filled reading room/office. The backyard boasts a pool (a lifesaver in August) and enough grassy area for your pooch to play. Anne Goyer for Briggs Freeman Sotheby’s International. 214-457-0417.

Druid5523 Druid Lane $520,000
Greenway Crest
3 bedrooms, 3 bathrooms, 2,072 square feet

For those of you not familiar with the Greenway Crest subdivision, think Inwood Village. This updated abode is located behind the popular shopping destination. (A leisurely stroll to Starbucks could be in your future.) The homeowners recently updated the 3 bedroom/3 bathroom home with a master bedroom, closet, and bathroom with a neutral color palette and marble details. The peach tile in the hall bathroom doesn’t even bother us because the other two baths have been updated so nicely. Two living areas make way for formal and casual entertaining and the second living space has nice, high-vaulted ceilings. Wood floors are also a plus for those who love the traditional look. Patricia Massey for Dave Perry-Miller & Associates. 214-697-7871.

sarasota1115 Sarasota Circle $549,000
Hollywood Heights
3 bedrooms, 3.2 bathrooms, 2,223 square feet

Do you work downtown? Hollywood Heights may be the perfect ‘hood for you as it is located just 4.5 miles from downtown without ever having to jump on a highway. This double-lot, .21-acre property is tucked back in a secluded street with only nine other homes. The home was constructed in 2001 and includes amenities such as a three-car garage and a 770-square-foot back house above the garage. The huge (we mean huge!) backyard could easily be converted into a pool and cabana oasis, a gardener’s paradise, or a toddler’s ultimate playground. Alex Roostaei for Allie Beth Allman & Associates. 972-381-6866.