1 month on rocket

5112 Palomar Ln, Dallas, TX, 75229

$7,800,000

6 Bedrooms
8 Full Baths, 3 Partial
12,731 SqFt
$613/SqFt
House
Schools Nearby

Location

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Property Highlights

Home TypeSingle Family Residence
ParkingDoor-Multi, Electric Gate, Gated
Attached Garage5 spaces
Year Built2006
HeatingCentral, Fireplace(s), Zoned
CoolingCentral Air
FireplaceFamily Room, Gas Log, Great Room, Primary Bedroom, Outside
MLS #20558665
Lot Size1.25 Acres
StatusActive

About 5112 Palomar Ln

Exceptional gated property on 1.25 acres in Lobello Estates. Built by Crescent Custom Homes, this estate has been impeccably maintained. Prime location on a beautifully manicured lot with lush grounds, cascading waterfall and fountain. Interior features include first floor primary bedroom with his and her spa like bathrooms, custom closets, downstairs guest suite, study, elevator, climate controlled walk in wine storage and great room with large wet bar. Kitchen has been beautifully outfitted with designer lighting, top of the line appliances and quartzite countertops. Upstairs are 4 oversized bedrooms all with en suite baths, separate mother in law suite with living room and kitchenette, exercise room, gameroom, media room. This home is an entertainers dream with pool, spa, impressive outdoor kitchen. heated patio and beautiful landscaping. Huge additional yard is perfect for tennis or pickleball court. Picture perfect setting in the heart of Dallas near the private school corridor.

Property Details

Property Features

Property Information:

  • Architectural Style: Traditional, Detached
  • Year Built: 2006
  • Stories: 2
  • Living Area: 12,731 SqFt

Listing Office:

  • Office Name: Allie Beth Allman & Assoc.
  • Office Phone: (214) 521-7355
  • Listing Agent: Brandi Bragg

Interior Features

Interior Information:

  • Appliances: Other, Gas Range, Refrigerator, Dishwasher, Electric Oven, Gas Cooktop, Disposal, Ice Maker, Microwave, Plumbed for Gas, Range, Water Softener, Vented Exhaust Fan, Wine Cooler
  • Basement: No
  • Flooring Type: Carpet, Hardwood, Marble
  • Interior: Wet Bar, Chandelier, Decorative/Designer Lighting Fixtures, Eat-in Kitchen, Elevator, High Speed Internet, Kitchen Island, Multiple Staircases, Open Floorplan, Pantry, Smart Home, Natural Woodwork, Walk-In Closet(s), Wired for Sound
  • Fireplace: Family Room, Gas Log, Great Room, Primary Bedroom, Outside

Bedroom and Bathroom Information:

  • Partial Bathrooms: 3
  • Full Bathrooms: 8
  • Total Bedroom Count: 6

Exterior Features

Exterior Information:

  • Exterior: Balcony, Barbecue, Gas Grill, Lighting, Outdoor Grill, Outdoor Kitchen, Outdoor Living Area, Rain Gutters

Parking Information:

  • Garage Space: 5 spaces
  • Attached Garage: Yes
  • Parking: Door-Multi, Electric Gate, Gated

Virtual/3D Tour

  • Virtual Tour: 5112 Palomar Ln

Virtual Tour

Lot Features

Lot Information:

  • Lot: Corner Lot, Landscaped, Sprinklers, Few Trees
  • Lot Size: 1.25 Acres

Utilities

Utilities Information:

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

School Info

Assigned Schools Information:

  • Hillcrest High School, Public District Grades 9-12
  • Franklin Middle School, Public District Grades 6-8
  • Pershing Elementary School, Public District Grades PK-5

Other

Directions Information:

  • Directions: North of Walnut Hill, South of Royal. SE corner of Inwood and Palomar

Price Information

Listing Price Info

Price Summary:

  • List Price: $7,800,000
  • Price Per SqFt: $613/SqFt

Tax Information:

  • Annual Amount: $100,531
  • Tax Year: 2021
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Housing Market Comparison

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

Med. Sold Price

$248K

Med. Price/SqFt

$145

Avg. Days On Market

39

# of Sold Homes

797

5112 Palomar Ln vs Dallas

46 DAYS ON ROCKET

+7 Days

$7,800,000

+$7.5M More

$613/SqFt

+$468 More

KEY TAKEAWAY

This property is $7.5M more than the Median Sold Price and $468/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: #20558665

Listing Office:

  • Office Name: Allie Beth Allman & Assoc.
  • Office Phone: (214) 521-7355
  • Listing Agent: Brandi Bragg

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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Last updated on: 4/28/2024, 3:25:21 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$100,531$4,642,550
2019$130,994$4,792,020
2018$132,294$4,649,670
2017$130,706$4,806,740

History based on county public records data.

Payment Calculator

$38.9K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$23.4K

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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.

Elementary School

school-card-donut-2358329
6
/10
  • Pershing Elementary School

  • 5715 Meaders Ln

  • 0.55 miles

  • Public District Grades PK-5

Middle School

school-card-donut-2358330
5
/10
  • Franklin Middle School

  • 6920 Meadow Rd

  • 1.98 miles

  • Public District Grades 6-8

High School

school-card-donut-2358331
4
/10
  • Hillcrest High School

  • 9924 Hillcrest Rd

  • 2.04 miles

  • Public District Grades 9-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $179,412. Typical income of Dallas, TX residents is $200k+ annually. The majority of families are married, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 5112 Palomar Ln

What is the listing price of this property?

The listing price of 5112 Palomar Ln property is $7,800,000.

What type of property is this?

The property 5112 Palomar Ln is a house located in Dallas, Texas, 75229.

Is this property for sale now?

Active Listing: 5112 Palomar Ln is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 5112 Palomar Ln are:
Pershing Elementary School: GreatSchools Rating 6/10
Franklin Middle School: GreatSchools Rating 5/10
Hillcrest High School: GreatSchools Rating 4/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $100,531 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 5112 Palomar Ln has 6 bedrooms and 8 full and 3 half bathrooms.

What is the square footage of this property?

The property 5112 Palomar Ln is 12,731 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 5112 Palomar Ln is 2006.
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Rocket Homes›Texas›Dallas County›Dallas›75229›5112 Palomar Ln

This home is located at 5112 Palomar Ln in Dallas, TX and zip code 75229 in the Preston Hollow neighborhood. This 12,731 square foot home, which was built in 2006, sits on a 1.25 acre lot. Features: 6 bedrooms, 11 bathrooms. It has been listed on Rocket Homes since March 12, 2024 and is currently priced at $7,800,000.

In March 2024, from all listings sold in Dallas, TX there were more than 1 sold above asking price, over 0 sold below and more than 0 were sold right at the asked price. The inventory of homes for sale in Dallas, TX between February 2024 and March 2024 increased by 16.8%. Listings spent 39 days on the market in March 2024, and had a median list price of $248,000 during the same period.

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

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