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About this home
Located on an exceptional .634-acre lot in Old Preston Hollow and designed by the renowned architect Stephen B. Chambers, this home offers classic architecture, beautiful hardwoods, high ceilings, large entertaining spaces, sparkling pool, large grassy backyard, a dining room fireplace, a family room fireplace, and a large first floor primary suite with a fireplace, dual baths and dual walk-in closets. Large front and back porches invite you to slow down. Additional features include a full-house generator, tankless water heater, and an oversized 3-car garage with abundant storage and a workshop area. A large second floor playroom has room for large gym equipment, or the space could be a quiet office overlooking the pool. Private guest quarters are above the garage. Abundant storage! This home has been an ideal scene for school parties, summer pool parties, holiday magic, and sweet family moments, but it's now ready for a new chapter—whether that involves an interior refresh or transformation or a newly-constructed masterpiece. Bring your imagination to this prestigious location in one of Dallas’ most coveted pockets, where the potential for equity and design is unlimited. The buyer or buyer agent must confirm all information including schools, rooms sizes, etc. The buyer shall obtain a new survey.
Preston Hollow, located between Preston Road and the Dallas North Tollway, is a residential and estate-style Dallas neighborhood with winding lanes and deep, tree-lined lots. The neighborhood’s character concentrates around the Preston Road corridor near Northwest Highway, where polished shopping plazas, chef-driven dining rooms, and low-key coffee counters set a measured pace. Architectural identity leans to midcentury ranch homes, updated traditional builds, and contemporary estates tucked behind mature canopies. The George W. Bush Presidential Center adds a civic, museum-like anchor just to the east. NorthPark Center and the Dallas Arboretum and Botanical Garden shape weekend rhythms with design, art, and outdoor walks.
Provided by Walk Score and Local Logic
Offer insights
5548 Falls Rd · $3,195,000
$3.22M and above
75% chance or better to win
Why $3.22M+ is a strong offer
DAYS ON MARKET
6 days
The average home goes pending in 41 days.
SALE-TO-LIST
97.9%
Most homes are selling 2% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Living
Interior features
Cedar closets
Wet bar
Bay windows
Butler's pantry
Kitchen island
Walk-in pantry
Water line to refrigerator
Dual master baths
Separate shower in primary
Sitting area in primary
Bedrooms
5 bedrooms (primary on main level; four additional bedrooms on second level)
Walk-in closets in primary and at least one upstairs bedroom
Bathrooms
4 full bathrooms
2 half bathrooms
Kitchen
Gas cooktop
Granite countertops
Warming drawer
Laundry & utility
Utility room
Tankless water heater
Flooring
Hardwood
Carpet
Heating & cooling
Central heating (natural gas)
Electric cooling with zoning
Exterior features
Covered patio/porch
In-ground gunite pool
Guest quarters (accessory unit)
Generator
Lot dimensions approximately 114 x 247
Home design
Single-family residence
Two levels
Guest quarters of about 575 sq ft (accessory unit)
Parking
Three covered parking spaces
Three-car garage with workshop area
Circular driveway
Garage faces side
Security
Security system
Construction
Built in 1984
Siding exterior
Composition roof
Slab foundation
Utilities
City water
City sewer
Not in a municipal utility district
HOA & community
No homeowners association
Financial info
Listing terms: Cash or Conventional
Other
Accessory guest quarters present
Property type: Residential, single-family
Accessory equipment: Generator
Electricity and solar
View estimated energy costs and solar savings for this home
There exists in certain parts of the city large areas of single family residential development on estate type lots of one acre or more in area. This development has been supplied with utilities and other public services based upon an estate type density. To conserve the character and value of buildings and building sites existing in these areas and to provide for the gradual expansion of this residential development in accordance with the need and a comprehensive plan for various types of residential districts, the R-1ac(A) district is provided. This district is intended to be composed of single family dwellings together with public and private schools, churches, and public park areas to serve the area. The sections designated in the R-1ac(A) districts are limited in area and are not intended to be subject to major alteration by future amendment except at the fringe of the districts where minor adjustments may become appropriate to permit the reasonable development of vacant tracts or gradual transition from other districts.
Permitted uses
Include but are not limited to:
Religious facility
Day care facility
Housing-Group
Housing-Single unit
Housing-Senior
Office
Golf related
Park & open space
Apr 26, 2025 • Final
Residential electrical
Install a new residential generator.
Electrical
Generator
Apr 26, 2025 • Final
Residential plumbing
Install an underground gas pipe from the gas meter to a gas generator.
Gas
Generator
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Local insights from Redfin agents
Absolutely love Dallas! It's known for its incredible Award-winning restaurants, and vibrant entertainment districts like Deep Ellum and Uptown. Home to the largest urban arts district in the country, world-class museums, and the iconic State Fair...