Once-in-an-era opportunity on prestigious .281 acre lot estate w. 2 solid homes on 1 lot. Separate Structure to be used as rental revenue or living quarters w.back alley access & parking pad for Separate Entry. No restrictions, No HOA. Next to the Dallas Arboretum Botanical Garden & Lakewood, intimate luxury hub directly off White Rock Lake. Neighbors often keep their real estate & pass down for generational wealth, spending no expense to tear down existing structures to rebuild or completely renovate, the sky is the limit! Deep-wide lot, left-right neighbors have completely rebuilt. Feel the lake breeze everyday & enjoy walking to local businesses, food and lake. NEW TILED ROOF Fully concealed fastening, NEW HVAC, NEW WATER HEATERS - FINISHES! Roof is 26 Gauge Steel Core Zincalume Class 4 hail impact & 120 mph Wind Resistance, Class A Fire Rating, Limited 50 Year Warranty. WELL MAINTAINED ESTATE, Property is MOVE-IN READY, according to personal taste w.all main components working strong. Homes completely wraps around on interior & exterior offers Good Thick Grass, Mature Magnolia Tree, 2 Storage Buildings, space for side courtyard, Privacy fencing. Original 2inch good condition real wood flooring throughout-no carpet, lots of windows in every section of the home & Wide hallways. Main home offers: 1 Fireplace, 2 beds, 2 livings, 1 large bonus room, 2 dining, 1 kitchen w.gas cooktop-double over-double pantry, 2 full size garage. Secondary home offers: NEW ROOF-HVAC, 1 bed, 1 kitchen, 1 full bath, storage & private parking pad w.double gate & walkway to access alley allowing for back home to come & go as they please, without disturbing primary home lifestyle. Not too far from Dallas Academy, St. John's Episcopal School, St. Bernard of Clairvaux School, Lakehill Preparatory School, First Baptist Academy, Bishop Lynch High School. Return on investment varies on level of completion, Renovation REO: $1.4mil+, Rebuild REO: $1.9mil+