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10777 Strait Ln
Score
0
Dallas, TX

10777 Strait Ln

40.0M
6 bd • 11 ba • 17,679 sf

This analysis was generated on 2/24/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

AI Property Analysis

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0:00 / 0:00
List Price

$40,000,000

Price/Sq.Ft

$2,263

Year Built

1996

AI Property Analysis

A comprehensive evaluation of this property's features, market position, and investment potential.

The Good

• Prestigious Location: The property is located on Strait Lane, one of Dallas's most prestigious and desirable streets. This location offers exclusivity and privacy. • Large Lot Size: The 3.3-acre estate provides ample space for outdoor activities, gardens, and potential expansion. • Luxurious Amenities: The property boasts numerous high-end features, including a movie theater, wine cellar, formal gardens, tennis court, exercise room, water features, putting green, and sculpture gardens. • Architectural Design: The Palladian Neoclassical home, designed by Robbie Fusch, showcases stately elegance and unique architectural details. • High-End Finishes: The property features French limestone, imported marble, hardwood floors, Venetian plaster walls, antique fireplaces, and exotic materials, creating a luxurious and sophisticated living environment.

The Bad

• High Price per Square Foot: At $2262.57 per square foot, the property is significantly more expensive than the average home in Dallas. This high price point may limit the pool of potential buyers. • Mixed School Ratings: The local schools have varying ratings, with the high school receiving a below-average score of 3/10. This may be a concern for families with school-aged children. • Age of Property: Built in 1996, the property may require updates and renovations to meet modern standards and preferences. • Limited Public Transportation: Dallas is a sprawling city with limited public transportation options. Residents may rely heavily on personal vehicles, leading to increased transportation costs and commute times. • High Property Taxes: Texas has high property taxes, which can significantly increase the overall cost of homeownership.

The Ugly

• Extremely High Price: At $40,000,000, this property is one of the most expensive listings in Dallas. This high price point may deter many potential buyers. • High Estimated Insurance Costs: The estimated annual insurance cost of $144,000 is exceptionally high and may be a significant financial burden for potential buyers. • Major Climate Risks: The property faces major heat and wind risks, potentially leading to higher utility bills, property damage, and increased insurance premiums. The 98th percentile temperature reaches 110°F, and the area experiences an average of 6 hot days per year. • Listing History: The property has been listed and removed from the market several times since 2014, with significant price fluctuations. This may indicate underlying issues or challenges in determining the property's market value. • High Maintenance Costs: Maintaining a large estate with high-end finishes can be expensive. Potential buyers should factor in the costs of landscaping, pool maintenance, and general upkeep.

Who is this property for?

These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.

Best For

• High-Net-Worth Individuals: The property's price point and luxurious amenities cater to buyers seeking a prestigious estate with high-end finishes and unique features. • Art and Architecture Enthusiasts: The Palladian Neoclassical design, antique fireplaces, and exotic materials will appeal to those with a passion for architectural details and historical elements. • Entertainers: The property's features, such as the movie theater, wine cellar, formal gardens, and two-level pool, make it ideal for hosting large gatherings and events. • Buyers Seeking Privacy and Exclusivity: The 3.3-acre estate on Strait Lane provides a private and secluded setting in one of Dallas's most prestigious neighborhoods. • Buyers Prioritizing Outdoor Amenities: The tennis court, putting green, sculpture gardens, and water features offer ample opportunities for outdoor recreation and enjoyment.

Not For

• Buyers on a Strict Budget: The property's high price tag and associated costs, such as property taxes and insurance, make it unaffordable for most buyers. • Families Seeking Top-Rated Public Schools: The local schools have mixed ratings, with the high school receiving a below-average score of 3/10. • Buyers Sensitive to Climate Risks: The property is exposed to major heat and wind risks, which may lead to higher utility bills and potential property damage. • Buyers Requiring Quick Access to Urban Amenities: While located in a prestigious area, the property's large lot size and secluded setting may require longer commutes to access shopping, dining, and entertainment options. • Buyers Seeking a Modern, Energy-Efficient Home: Built in 1996, the property may lack some of the energy-efficient features found in newer homes, potentially leading to higher utility costs.
Demographics
Area Median Income

$107,886

Property History

Price History
Ownership Timeline
$0Cash Purchase
May 4, 2018
Oats,Ralph T & Cathy LCbs Real Estate Ii Llc
Warranty Deed
Transfer
$0Cash Purchase
Feb 15, 2002
Ralph T Oats, Cathy L Oats
Trustees Deed
Construction Sale

Property Taxes

$268,908
2024 Tax Assessment
12.2%from previous year
Assessed Value$12,031,530
Tax Rate2.24%

Sunlight Analysis

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Sunlight Analysis

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Risk Assessment

Climate Risks

heatMAJOR

6 extreme heat days per year

98th percentile: 110°F

windMAJOR

Insurance: Required

airMINIMAL

3 bad air quality days per year

floodMINIMAL

FEMA Zone: Minimal Risk Area

Insurance: Optional

fireMINIMAL

Insurance: Optional

Risk Analysis

• High Insurance Costs: The estimated annual insurance cost of $144,000 is substantial and may be a deterrent for some buyers. This cost is likely influenced by the property's size, high-end finishes, and potential risks associated with climate and weather in the Dallas area. • Market Volatility: The property's listing history reveals significant price fluctuations and multiple removals from the market, indicating potential challenges in determining its market value. • Climate Risks: While flood and fire risks are minimal, the property faces major heat and wind risks. These risks could lead to higher utility bills, potential property damage, and increased insurance premiums. • School Ratings: The local schools have mixed ratings, with the high school receiving a below-average score of 3/10. This may be a concern for families with school-aged children. • Age and Maintenance: Built in 1996, the property may require ongoing maintenance and updates to preserve its value and appeal. Potential buyers should factor in the costs of maintaining a large estate with high-end finishes.
Insurance
Annual Cost

$144,000

$12,000 per month

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Schools

Harry C Withers Elementary School

Public•Grades PK-5
7/5
Primary
1.4 mi
Get more information on GreatSchools

Ewell D Walker Middle School

Public•Grades 6-8
4/5
Middle
1.9 mi
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W T White High School

Public•Grades 9-12
3/5
High
1.6 mi
Get more information on GreatSchools

Financials

Monthly Costs
Market Rent (6 bed)

$2,572

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