Tour
#20901018, Eric Narosov, Alex Perry, Listing Office: Allie Beth Allman & Assoc.
Property details
About 5557 Falls Rd
Your dream home awaits. This prime Old Preston Hollow lot is nestled perfectly east of Inwood, south of Walnut Hill, and north of Park, a pristine almost .70-acre lot awaits, cleared and ready for new construction. Beautiful trees, offering a sense of serenity and natural beauty in the heart of the city. In a Preston Hollow location known for its oversized lots, walkability and proximity to the finest of private schools. Surrounded by new construction and remodeled homes. For those seeking convenience and quality, the seller has plans and geo tech and surveys available upon request. Robert Elliott Custom Homes can build to suit, or you can bring your own builder own plans to this wonderful lot. We also have fully developed plans ready for permitting if that is of interest. All inquiries welcomed.
Highlights
Home typeUnimproved Land
StatusAccepting Backup Offers
(Active Under Contract)
(Active Under Contract)
Lot size0.694 Acres
MLS #20911998
Summary
- List Price: $2,695,000
- Annual Tax Amount: $36,294
- Tax Year: 2024
- Lot: Cleared, Corner Lot, City Lot
- Directions: Northwest corner of Hathaway and Falls Rd
- Lot Size: 0.694 Acres
- MLS Number: 20911998
- MLS Name: NTR
- Office Name: Robert Elliott and Associates
- Office Phone: (972) 954-9206
- Listing Agent: Ty Vaughn
©2025 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.
Texas Real Estate Commission Consumer Protection Notice
Texas Real Estate Commission Information About Brokerage Service
Last updated on: 5/21/2025, 2:20:30 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$2,695,000
5557 Falls Rd
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $1,581,590 | $36,294 |
| 2023 | $1,549,860 | $26,983 |
| 2022 | $1,549,860 | $20,436 |
| 2021 | $1,443,610 | $29,812 |
| 2019 | $1,355,640 | $37,057 |
| 2018 | $1,169,240 | $33,267 |
| 2017 | $1,175,500 | $31,964 |
History based on county public records data.
Nearby schools
7
John J. Pershing Elementary School
Public District PK-5
0.7 mi
•5715 Meaders Ln
6
Preston Hollow Elementary School
Public District EE-5
0.9 mi
•6423 Walnut Hill Ln
10
Robert S. Hyer Elementary School
Public District KG-4
1.4 mi
•3920 Caruth Blvd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $136,750. The most common annual income of people living in Dallas, TX is between $100k-200k. The majority of families are married, no kids. Residents of this area typically have post secondary degree education.
How much money do the neighbors make?
8%
<35k
23%
35k-100k
35%
100k-200k
34%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
18%
Single, No Kids
4%
Single, with Kids
48%
Married, No Kids
30%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
14%
<11 yrs old
11%
12-17 yrs old
8%
18-34 yrs old
50%
35-64 yrs old
17%
65+ yrs old
What do the neighbors do for fun?
Men's Tennis
Skiing/snowboarding- Tennis
Where do the neighbors shop?
Bloomingdales
Nordstrom
Brooks Brothers
Where do the neighbors go to eat?
Bonefish Grill
California Pizza Kitchen
Qdoba
What do the neighbors drive?
Lexus
BMW
Acura
What do the neighbors listen to?
News
Talk/Personality
Sports
All data provided by Home Junction and Claritas
Similar homes for sale
Tour
#20673521, Aaron Jistel, Listing Office: Listing Spark
#20639960, Nazreen Merchant, Listing Office: All Green Realty
Frequently asked questions
About 5557 Falls Rd
The listing price of 5557 Falls Rd property is $2,695,000.
The property 5557 Falls Rd is land located in Dallas, Texas, 75220.
Accepting Backup Offers: 5557 Falls Rd is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.
The nearby schools for 5557 Falls Rd are: John J. Pershing Elementary School (GreatSchools Rating 7/10), Preston Hollow Elementary School (GreatSchools Rating 6/10), Robert S. Hyer Elementary School (GreatSchools Rating 10/10), Benjamin Franklin International Exploratory Academy (GreatSchools Rating 6/10), George B Dealey Montessori Academy (GreatSchools Rating 10/10), Walnut Hill International Leadership Academy (GreatSchools Rating 4/10), Hillcrest High School (GreatSchools Rating 4/10), Thomas Jefferson High School (GreatSchools Rating 3/10), Highland Park High School (GreatSchools Rating 9/10).
According to the records, the last property tax for 2024 is $36,294 (source: MLS/based on county public records data).
The property 5557 Falls Rd is 0.694 acres.
This home is located at 5557 Falls Rd in Dallas, TX and zip code 75220 in the Preston Hollow neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since April 22, 2025 and is currently priced at $2,695,000.
Between March and April 2025, Dallas, TX real estate market has seen increase in the number of listings by 17.6%. In April 2025 median list price was $467,706 and the average listing age was 68 days.
From Rocket Homes Real Estate and based on county public records data.