Introduction:
Hello, I’m Zavious McClain, Luxury Apartment Locator and Real Estate Agent, committed to making your journey to find your dream home in East Dallas as seamless as possible. With my attention to detail, creative problem-solving, and top-tier negotiation skills, you can relax while I take care of the search for you.
East Dallas Development Highlights
East Dallas is a vibrant neighborhood, continually evolving to accommodate its growing population. The introduction of new amenities, real estate developments, grocery stores, and educational opportunities promises exciting changes for this historic community.
Gaston Avenue
Construction is well underway for a 106-townhome project on Gaston Avenue, with an expected completion date in 2024. Additionally, the Lakeside property, covering 5 acres and featuring two and three-bedroom townhomes, will be priced starting at $500,000. This prime real estate is conveniently located next to the Arboretum Village Shopping Center.
Old East Dallas
Old East Dallas is also witnessing significant development. Kiva East, an 87-unit multifamily development, is introducing both affordable and market-rate housing. The site, located at 4806 Eastside Ave, is currently under construction and is set to offer a tuition-free, Montessori-inspired pre-K program in partnership with Bezos Academy. This exciting development is expected to be completed later this year.
Far East Dallas
Moving to Far East Dallas, the El Rio Grande Latin Market has recently opened its doors for business. This 59,200-square-foot grocery store is part of a public and private economic development initiative in collaboration with Vista Property Co., with an investment of $7.4 million to enhance the shopping center, anchoring the supermarket. This venture is part of a $1.3 million economic development initiative, which is set to benefit the entire community.
Deep Ellum
August Real Estate Co., a Dallas-based real estate company known for owning iconic properties such as the Wells Fargo Lakewood Tower and the Continental Gin Building, has acquired 17 additional buildings in Exposition Park. These newly acquired properties, spanning approximately 400,000 square feet, bridge the gap between Deep Ellum and Fair Park. With this expansion, the total property managed by August Real Estate in East Dallas now reaches 650,000 square feet.
White Rock Bluffs
In White Rock Bluffs, a diverse range of 34 single-family homes, ranging from four to five bedrooms and starting at 5,000 square feet, are set to commence construction later this year. While construction moves forward in some areas, StoryBuilt, a single-family home project near White Rock Trail and Walnut Hill, is experiencing delays due to funding challenges. The Richardson Independent School District (RISD) acquired the site, intending to build a new White Rock Elementary School, but faced opposition from parents concerning the location.
Rental Market Insights
Now, let’s take a closer look at the rental market in these neighborhoods:
East Dallas Rental Market
This diverse neighborhood offers a mix of apartments and single-family homes, making it an attractive choice for a wide range of residents. According to data from Apartments.com and Realtor.com, the average apartment rent in East Dallas is $1,344, while the average single-family home rent is $1,710. Keep in mind that rent prices can vary depending on the specific property, amenities, and location.
Old East Dallas Rental Market
Old East Dallas is a historic neighborhood boasting charming Victorian homes, a vibrant arts scene, and several popular restaurants and bars. The average apartment rent in Old East Dallas is $1,668, with the average single-family home rent being $2,450.
Lakewood Rental Market
Lakewood is a favorite among families, offering excellent schools and proximity to parks and recreation. It also features a variety of shops and restaurants. The average apartment rent in Lakewood is $1,592, and the average single-family home rent is $2,800.
Conclusion:
These rental prices provide an overview of the housing market in these neighborhoods. As a licensed real estate agent and apartment locator, I’m here to help you find the perfect home that suits your needs and budget in East Dallas, whether you’re looking for an apartment or a single-family home. Contact me today to start your journey to your ideal East Dallas residence.
