Sunday, June 26, 2011

The Price of a Nice Townhome in the Suburbs

I still remark when I see the real estate listing prices for the townhomes in Southlake Town Center. Granted, they are very attractive and Southlake (with the possible exception of Grapevine which has a slightly higher walk score) is probably the most walkable area in the Mid Cities.  The prices, however approach a $1,000,000. That does get you an impressive four or five bedroom home with little in the way of exterior maintenance in a nice area, but you could buy a three bedroom stand-along home near downtown Grapevine in the low $200,000. 

The look of the community in Southlake is the model of the future, however. My guess is they'll be making  units that are smaller and more affordable. That will help achieve the density necessary to make self-sustaining neighborhoods. Neighborhoods like Grapevine will also begin looking more to this model. Grapevine will before long have the advantage of a rail connection to Fort Worth and DFW airport. Public transit is an obvious missing component to these new urban neighborhoods in North Texas. 


175 Summit Avenue, Southlake TX 76092

1506 Main Street, Southlake TX 76092

(Reprint) 1985 Yearbook: Carroll High School, Southlake, Texas
(Reprint) 1969 Yearbook: Carroll High School, Southlake, Texas
(Reprint) 1986 Yearbook: Carroll High School, Southlake, Texas

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