Preston Hollow · Dallas · 75229

The Preston Hollow
Compound

Three private residences. Nearly two gated acres. A single family at a time.

$10,995,000 5214 Royal Lane · MLS 21257023
Scroll
1.79
Gated Acres
3
Private Residences
11,081
Square Feet
5 · 8
Beds · Baths
2017
Year Built
$5M
Owner Carry · 3%

Michelle and I custom built this home and spared no expense. We hired the best architect, builder, and designer to make our dream home a reality. We designed it for our multi-generational family — both our parents needed our help at the time, and the two guesthouses gave them privacy and independence while keeping them close. It worked perfectly. Unfortunately, all four of them left us within a three-year period.

The layout that worked so well for us would work just as well for the next family — whether that's aging parents who want their independence inside a secure compound, adult children moving back after college, or extended family who visit often. Today, our property manager lives in one of the guesthouses, and we use the other for guests.

"The walled and gated element is something we don't take for granted. The gate is basically our front door."

Living at the back of nearly two acres on a creek gives us a sense of security only a walled compound can offer. Royal Lane has both north and south access to the Dallas North Tollway, so we can be at a Mavericks game in eight to ten minutes or DFW Airport in fifteen. You can't be in a better location if you want access to the best dining, sports, and entertainment Dallas has to offer.

You might ask why we'd move. We bought a large ranch in Northeast Texas and our home there is nearing completion. Our children all have their own homes, our parents are no longer with us, and we've purchased a brownstone in Uptown that will let Michelle and me lock-and-leave when we come into Dallas for a game or a great meal.

One last thing worth knowing: we're in a position where we don't need every dollar at closing, so we're willing to carry $5,000,000 of the purchase price at 3% interest-only through January 2030 for the right buyer. The home has been featured in Modern Luxury Dallas and hosted the Cattle Baron's Ball. It's a wonderful place to live and entertain in Preston Hollow, and we hope it goes to a family who will love it the way we have.

The Compound

A property designed for
the way families actually live.

Three separate residences. Three private entrances. One walled compound on a creek lot in Old Preston Hollow.

I.
Main Residence

9,406 square feet, designed for grand entertaining and quiet evenings alike.

Three ensuite bedrooms with the primary suite on the main level. Twenty-five-foot Italian loggia with coffered ceiling and three signature arches. Dual marble kitchen islands. Fourteen-foot sliding glass walls opening to the infinity-edge pool. Spa-grade primary bath with heated marble floors, private gym, dedicated theater, 1,000-bottle wine room, and a game room with two flex spaces on the upper level.

II.
Guest House One

A completely independent residence with its own entrance, off the motor court.

One full bedroom, full bathroom, full kitchen, and living area. Designed so a parent, an adult child, or a long-staying guest can come and go without ever passing through the main house. Originally inhabited by Bruce's father during the final years of his life.

III.
Guest House Two

Mirroring the first, with views into the mature creek-side canopy.

A second one-bedroom residence — independent kitchen, bath, and living area. Currently occupied by the property manager. Equally suited to a live-in caregiver, a returning adult child, a private office, or extended family who prefer their own front door.

For the Family Who Needs This

Built for a specific kind of family — and there are more of them than you'd think.

The aging parent who needs independence

A separate front door, a full kitchen, and the dignity of their own residence — all inside a secure compound where you can check in across the courtyard rather than across town.

The adult child returning home

College graduates, young professionals between cities, recently divorced family members. Privacy for them, presence for the family, and none of the friction of sharing one front door.

Live-in caregivers and household staff

Two complete, dignified residences for the people who help keep the household running — separate enough to feel like their own home, close enough to be present when needed.

Extended family in and out of town

Grandchildren who visit for the summer. Out-of-state siblings who stay for weeks. In-laws who arrive for the holidays. Everyone has their own space, and nobody has to be told it's time to leave.

The Makers

Built once. Built by names you know.

A 2017 collaboration between four of Dallas's most decorated residential talents.

Architect

Lloyd Lumpkins
Lumpkins Architects

Among Dallas's most respected residential architects, recognized for sophisticated design across Preston Hollow and the Park Cities.

Builder

Sharif & Munir
Custom Homes

A five-decade Dallas builder synonymous with exceptional craftsmanship and meticulous attention to detail at the top of the market.

Interior Design

Rania Nasser
RN Interior Design

Interiors that balance Italian restraint with the warmth a family actually lives in — soft palettes, custom ceiling details, ambient lighting throughout.

Photography

Dan Piassick
Piassick Photography

One of the architectural photographers Dallas's finest homes are documented through. Original photography commissioned at completion.

Featured & Recognized

A home that has welcomed Dallas.

Modern Luxury Dallas
Featured Estate
Cattle Baron's Ball
Host Home
Dallas Architects
Douglas Newby Curated
For the Buyer's Advisor

A personal accommodation,
not a structured product.

The owners are not financially compelled to receive every dollar of the purchase price at closing. They are in the unusual position of being able to leave a portion of their proceeds in place — and have chosen to do so for the right buyer.

The arrangement is straightforward: up to five million dollars of the purchase price can be carried as a seller note at three percent interest-only, with a balloon payment due January 2030. There is no early-payment penalty. The note is collateralized by the property in the customary manner.

This is not a financing product in search of buyers who need one. It's an accommodation extended by sellers who would rather see the property go to a family well-suited to it than extract maximum cash at closing. Sophisticated buyers and their advisors will recognize what the structure preserves on the balance sheet over the carry period.

Terms are subject to customary credit review and definitive documentation. The owners' counsel and the buyer's counsel work directly to paper the note alongside the purchase agreement.

The Location

Two blocks from Strait Lane.
Eight minutes to the game.

Royal Lane offers both north and south access to the Dallas North Tollway — meaning every part of Dallas is closer than it looks.

8 min
American Airlines Center Mavericks · Stars · concerts
10 min
NorthPark Center Highland Park Village & Preston Center adjacent
12 min
Uptown & Downtown The Crescent, Klyde Warren, Arts District
15 min
DFW International Airport via Royal Lane and the Tollway
5 min
Private Schools Corridor St. Mark's · Hockaday · Greenhill · Episcopal · Parish
2 blocks
Strait Lane Old Preston Hollow's most established address
The Particulars

Specifications

Property

  • Lot Size1.79 acres
  • Total Living Area11,081 sq.ft.
  • Main Residence9,406 sq.ft.
  • Bedrooms5
  • Bathrooms5 full · 3 half
  • Year Built2017
  • ArchitectureModern Italian
  • StoriesTwo
  • Garage4-car attached

Compound Layout

  • Guest Houses2 separate residences
  • Guest House LayoutBed · Bath · Kitchen · Living
  • Wine Room1,000+ bottles
  • TheaterMulti-tier, dedicated
  • GymPrivate, en suite
  • BarsTwo full
  • FireplacesFour
  • Flex SpacesGame room + two upper flex

Infrastructure & Technology

  • HVACGeothermal
  • Smart HomeControl4 with voice
  • Backup PowerWhole-house Generac
  • WaterCity + private well
  • RoofSlate
  • PoolInfinity-edge, fire features
  • OutdoorCabana, kitchen, patio heaters
  • SecurityGated, walled perimeter

Finishes & Appliances

  • Kitchen AppliancesWolf · Sub-Zero · Miele
  • Kitchen IslandsDual Italian marble
  • Primary BathHeated marble floor
  • FlooringMarble · stone · wood
  • Glass Walls14′ sliding
  • Loggia25′ with three arches
  • HOANone
  • School DistrictDallas ISD
Private Viewing

A property of this caliber
is shown by appointment.

All inquiries are routed directly to the listing team at Hawkins Group, Douglas Elliman. Showings are scheduled in person or by private video walk-through.

Listing Agent
Brandon Hawkins
Listing Agent
Tiffany Touchstone Hawkins
Brokerage
Douglas Elliman
4514 Travis, Suite 200
Dallas, TX 75205
MLS #21257023

Request a Private Viewing

Submit below and the Hawkins team will respond personally within one business day.

Thank you.
Your inquiry has been received. A member of the Hawkins team will respond personally within one business day.