Real Estate Leaders Unveil 2008 Luxe Showhome at Dallas' Preston Hollow

PRLog, (Press Release), 11/12/2008 - Three of Dallas’ best-known real estate executives are weighing in on the future of the local housing market by unveiling the city’s first showhome in five years. Real estate developer Ross Perot, Jr., luxury homebuilder Mark Molthan, and residential broker Robbie Briggs, have joined together to announce the opening of the 2008 Luxe Showhome to the public on November 13th.  
Valued at $11.5 million and turnkey with all furnishings for $15 million, the more than 15,000 square-foot home is one of 17 estates in a gated enclave called The Creeks at Preston Hollow, a Hillwood Residential development located on Inwood Road at Royal Lane.
“Despite the volatility of the financial markets right now, North Texas is the still one of the most vibrant economies in the country and Dallas/Fort Worth is home to more Fortune 500 companies than any other metropolitan area,” said Mr. Perot, Jr.  “The Creeks of Preston Hollow offers this luxury buyer a truly one-of-a-kind lifestyle opportunity in one of the most prestigious neighborhoods in Dallas.”
Molthan, president of Dallas-based Platinum Series Homes, built the European-style residence, which features six bedrooms, eight baths, four half-baths, an eight-car garage, five fireplaces, a two-story library, a theater and game room, a wine cellar, a wine-dining room and luxurious spa and fitness facilities. Molthan’s goal was to bring the “best of the best” to Dallas by designing a home using the finest artisanship and the most exclusive natural materials available.
“The concept for this home originated in California, but includes elements from around the world.  I traveled all over the nation, and to countries as far away as South Africa, to find the materials for this house,” Molthan said. “The result is what we call ‘livable Dallas,’ and it’s a concept that has never been seen before in this region.”
One example of the home’s livable luxury is the large outdoor living area that includes a bedroom complete with a water wall. Keeping Dallas’ hot climate in mind, Molthan burrowed the living area 11 feet underground where the earth and water wall keep the temperatures 15 degrees cooler than the outdoor areas above ground.
Briggs, of Briggs Freeman Real Estate Brokerage, which has the exclusive listing for the home, said interest in luxury homes remains strong in Dallas. “We’ve already had several inquiries about the showhome,” he said. “Even though some buyers are temporarily delaying their investments until they see stability return to Wall Street, we are confident that the Dallas housing market in general and the luxury home market in particular, will show signs of improvement in the fourth quarter.”
There already have been signs of good news lately. PMI Group recently ranked the Dallas area as among the least likely in the country to see a decline in home values. The new report estimated that the area had a less than one-percent chance of experiencing a drop in home prices over the next two years. In another promising sign, sales of North Texas pre-owned homes increased two percent in September, marking the first increase in more than a year.
The 2008 LUXE Showhome will be open to the public Thursdays (10 a.m.-5 p.m.) through Sundays (noon-5:00 p.m.) for five weeks beginning November 13 and ending Sunday, December 14, 2008. Ticket sales benefit Texas Scottish Rite Hospital for Children and the Junior League of Dallas. Tickets are available online at www.jld.net and at the Showhome at 5020 Elm Hollow Drive at the Creeks of Preston Hollow in the southwest corner of Inwood and Royal in Dallas.

About Hillwood
Hillwood Residential is a multifaceted development company committed to building world-class communities since 1988. In the course of building our communities, we've also built a powerful reputation as one of the most highly-regarded and well-known developers in the business. What began in our home market of Dallas/Fort Worth has now expanded into other major markets from Austin, Atlanta, Kansas City, Houston and Tucson to Wyoming, California, Hawaii and Costa Rica.

About Platinum Series Homes
With almost a decade of experience, the president of Platinum Series Homes, Mark Molthan, creates residences that capture each client’s unique vision and personality. Whether recreating a Californian Spanish masterpiece or accommodating an entertainment flair that can't be contained by brick and mortar, his team of trusted architects, builders and designers work to bring it to reality. Several of Mr. Molthan’s residences have been published in home magazines. He specializes in "Custom Homes for the Unique Lifestyle.”

About Briggs Freeman Real Estate
Briggs Freeman Real Estate Brokerage specializes in luxury home and estate sales in Dallas, Texas, leading single-office sales in the Park Cities and Preston Hollow.  Made up of more than 100 agents, the company also specializes in executive relocation and the second-home market. Briggs Freeman is the combination of two of the oldest and most respected real estate companies in Dallas.

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