Established: Early 1950s
Location: West of Midway Road, south of Walnut Hill Lane, east of Marsh Lane, and north of Northwest Highway
Population: 2,600 homes
Average home price: $250,000 (ranches and cottages), $775,000 (new construction)
Average home size: 1,500 square feet
Lot value: $175,000-$250,000
Lot size: .27 acre
Why Midway Hollow? The old adage is true: location, location, location. That’s what keeps this neighborhood at the top of any buyer’s search list, says real estate agent Philip Walker of Keller Williams Realty Turtle Creek. “Midway Hollow is loaded with high-quality, 1950s construction,” Walker says. He should know; he’s been selling Midway Hollow dirt for almost 10 years and has watched values double and triple.
[inline_image id=”1″ align=”” crop=””] The neighborhood is in transition. This pleasant, leafy cluster of cottages, ranches, and midcentury moderns is telephone nook central: most of the houses are solid pier-and-beam brick ranches with two to three bedrooms, one to two bathrooms, hardwood floors, decks, and patios. Yards are generous and treed, and most of the original houses have had some degree of updating. Residents fussed and Preservation Dallas included Midway Hollow on its 2007 list of Dallas’ Most Endangered Historic Places. It is trying to achieve conservation district status, but supporters are few in number and dwindling. Despite the development battles, real estate agents say few Dallas neighborhoods are as popular with young singles and budding families as Midway Hollow. It feels safe—Sarah Dodd Kunkle lived here before she married Police Chief David Kunkle; bachelor attorney Daryoush Toofanian feels very secure in the neighborhood. Walker says Lakewood is a comparable neighborhood for similar buyers, but Midway Hollow offers better access to DFW or Las Colinas. It’s also close to Love Field, although not in the flight pattern.
Who’s buying? According to Cindy C. Peters of Dave Perry-Miller & Associates, singles and newly minted couples who can’t afford to be closer to the Tollway. The new construction is attracting young families who are sending their children to nearby private schools.
[inline_image id=”2″ align=”” crop=””]Local haunts: Fernando’s Mexican Cuisine, Suze, and Howard Wang’s China Grill; check out the line at The Pancake House every Sunday morning.
Others venture a little south. “I like the Inwood/Lovers area for restaurants and shopping,” says D Beauty Executive Editor Jennifer Chininis, who has lived in her Midway Hollow house since July 2007.