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5515 Palomar Ln, Dallas, TX, 75229

$10,650,000

5 Bedrooms
5 Full Baths, 3 Partial
9,061 SqFt
$1,175/SqFt
House

Location

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Property Highlights

Home TypeSingle Family Residence
ParkingGarage
Garage4 spaces
Year Built2021
HeatingCentral, Fireplace(s), Natural Gas, Zoned
CoolingCentral Air, Electric, Zoned
FireplaceGas
MLS #20747808
Lot Size1.10 Acres
StatusActive

About 5515 Palomar Ln

Modern Cape Cod estate designed by Lloyd Lumpkins on 1.1 acres in the prestigious Lobello Estates area of Preston Hollow. Features include 5 en-suite bedrooms, 3-half bathrooms, 4 living areas & one dining area. The primary suite is a wonderful retreat with a wall of windows overlooking the backyard, fountain & large sculpture. Features also include a wet room with oversized shower & soaking tub & a private courtyard with outdoor shower. The well appointed chef’s kitchen includes 3 islands, Miele double refrigerator & freezer, induction cooktop, Bertazzoni gas range, steam oven & a China gallery with coffee bar. The kitchen opens into the large family room with fireplace & screened-in-porch that feature views of the private backyard with sport or pickleball court, pool & spa & large grassy lawn. Indoors, entertain in style in a stunning parlor with wet bar & climate-controlled wine storage. Upstairs features a guest wing, living area and 2 sitting areas & 3 additional ensuite bedrooms.

Property Details

Property Features

Property Information:

  • Architectural Style: Detached
  • Year Built: 2021
  • Living Area: 9,061 SqFt

Listing Office:

  • Office Name: Compass RE Texas, LLC.
  • Office Phone: (214) 213-4314
  • Listing Agent: Gianna Cerullo

Interior Features

Interior Information:

  • Appliances: Refrigerator, Convection Oven, Dishwasher, Electric Cooktop, Disposal, Gas Range, Wine Cooler
  • Basement: No
  • Flooring Type: Hardwood, Marble
  • Interior: Wet Bar, Built-in Features, Chandelier, Decorative/Designer Lighting Fixtures, Double Vanity, High Speed Internet, Kitchen Island, Open Floorplan, Pantry, Smart Home, Walk-In Closet(s), Wired for Sound
  • Fireplace: Gas

Bedroom and Bathroom Information:

  • Partial Bathrooms: 3
  • Full Bathrooms: 5
  • Total Bedroom Count: 5

Exterior Features

Exterior Information:

  • Exterior: Fire Pit, Lighting, Rain Gutters, Sport Court

Parking Information:

  • Garage Space: 4 spaces
  • Attached Garage: No
  • Parking: Garage

Virtual/3D Tour

  • Virtual Tour: 5515 Palomar Ln
Virtual Tour

Lot Features

Lot Information:

  • Lot: Back Yard, Interior Lot, Lawn, Landscaped, Sprinklers
  • Lot Size: 1.10 Acres

Utilities

Utilities Information:

  • Heating: Central, Fireplace(s), Natural Gas, Zoned
  • Cooling: Central Air, Electric, Zoned

Other

Directions Information:

  • Directions: South of Royal, north of Meaders. Between Inwood and Netherland.

Price Information

Listing Price Info

Price Summary:

  • List Price: $10,650,000
  • Price Per SqFt: $1,175/SqFt

Tax Information:

  • Annual Amount: $38,604
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Dallas, TX.

Med. Sold Price

$260K

Med. Price/SqFt

$175

Avg. Days On Market

65

# of Sold Homes

869

5515 Palomar Ln vs Dallas

45 DAYS ON ROCKET

-20 Days

$10,650,000

+$10.3M More

$1,175/SqFt

+$999 More

KEY TAKEAWAY

This property is $10.3M more than the Median Sold Price and $999/SqFt more than other homes in Dallas, TX.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NTR
  • MLS Number: #20747808

Listing Office:

  • Office Name: Compass RE Texas, LLC.
  • Office Phone: (214) 213-4314
  • Listing Agent: Gianna Cerullo

IDX ©2024 North Texas Real Estate Information Systems. All rights reserved. The database information herein is provided from and copyrighted by the North Texas Real Estate Information Systems, Inc. NTREIS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. The advertisements herein are merely indications to bid and are not offers to sell which may be accepted. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.


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Texas Real Estate Commission Information About Brokerage Service

Last updated on: 11/21/2024, 12:20:57 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$38,604$1,485,000
2019$45,104$1,650,000
2018$44,521$1,564,750
2017$42,549$1,564,750

History based on county public records data.

Payment Calculator

$53.2K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$31.9K

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-297606
7
/10
  • John J. Pershing Elementary School

  • 5715 Meaders Ln

  • 0.30 miles

  • Public District Grades PK-5

school-card-donut-297607
6
/10
  • Preston Hollow Elementary School

  • 6423 Walnut Hill Ln

  • 1.24 miles

  • Public District Grades EE-5

school-card-donut-297608
6
/10
  • Arthur Kramer Elementary School

  • 7131 Midbury Dr

  • 1.92 miles

  • Public District Grades EE-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $179,412. Residents of Dallas, TX typically earn $200k+ each year. Most families are married, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 5515 Palomar Ln

What is the listing price of this property?

The listing price of 5515 Palomar Ln property is $10,650,000.

What type of property is this?

The property 5515 Palomar Ln is a house located in Dallas, Texas, 75229.

Is this property for sale now?

Active Listing: 5515 Palomar Ln is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $38,604 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 5515 Palomar Ln has 5 bedrooms and 5 full and 3 half bathrooms.

What is the square footage of this property?

The property 5515 Palomar Ln is 9,061 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 5515 Palomar Ln is 2021.
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Rocket Homes›Texas›Dallas County›Dallas›75229›5515 Palomar Ln

This home is located at 5515 Palomar Ln in Dallas, TX and zip code 75229 in the Preston Hollow neighborhood. This 9,061 square foot home, which was built in 2021, sits on a 1.10 acre lot. Features: 5 bedrooms, 8 bathrooms. It has been listed on Rocket Homes since October 07, 2024 and is currently priced at $10,650,000.

Over 0 listings were sold over their listed price in October 2024 in Dallas, TX. In the same period over 2 listings were sold below the listed price and 0 listings were sold for the listed price. The inventory of homes for sale in Dallas, TX between September 2024 and October 2024 increased by 13.5%. While the average time on the market in October 2024 was 65 days, the median list price was $260,000.

From Rocket Homes Real Estate and based on county public records data.

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