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Strait Lane, Dallas TX

Dallas, Texas

Strait Lane, Dallas

A Preston Hollow street of estate lots, past home to the Perot family and George H.W. Bush, inside Dallas city limits.

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Overview

Inside Strait Lane

Strait Lane is a street in Preston Hollow, crossing Royal Lane and Northaven Road, lined with estate lots that range from about half an acre to combined parcels of around 10 acres. CultureMap describes it as one of Dallas's wealthiest streets, with past residents including the Perot family and former President George H.W. Bush. Homes here are in Dallas ISD, with Withers Elementary, Walker Middle and W.T. White High on 2026 listings, and the area sits close to private schools and Preston Center.

The lesson here is that on Strait Lane the address and the land often carry the price, not the house. In 2024 a 1953 home on 1.02 acres at Northaven was marketed mainly for its land, with the listing itself suggesting the house might be torn down, while a newly built 11,211 square foot home on 0.72 acre listed at $9.75 million in 2026 after a reduction. Buyers should get a land value and a rebuild estimate before they make an offer on an older home, and sellers of original homes should price to builders and land buyers as well as families.

Around town

Around Strait Lane

Fountain Place tower at sunset in downtown Dallas, Texas
Fountain Place
Flower gardens at the Dallas Arboretum and Botanical Garden
Dallas Arboretum
Downtown Dallas towers on a clear day
Downtown Dallas

Photos via Wikimedia Commons. Fountain Place: Matthew T Rader, CC BY-SA 4.0 · Dallas Arboretum: David R. Tribble (Loadmaster), CC BY-SA 3.0 · Downtown Dallas: Roland Arhelger, CC BY-SA 4.0

At a glance

The facts

Preston Hollow, Dallas[2]
Area
Dallas County
Dallas ISD[3]
School district
Withers Elementary, Walker Middle, W.T. White High on 2026 listings; verify
About 0.5 to 10 acres[1]
Lot sizes
listings and a 1997 combined parcel
$9.75M[3]
New construction listing
11,211 sq ft, 0.72 acre, built 2025, Apr to Oct 2026
$3.195M last list price[4]
Recent sale
1958 home on 0.47 acre creek lot, sold 2026
None[3]
HOA
per 2026 listings
Amenities

Large estate lots with mature trees, Creek lots on some parcels, Short drive to Preston Center and area private schools

Location

Strait Lane runs north and south through Preston Hollow in Dallas, crossing Royal Lane and Northaven Road, with Preston Hollow's private schools and Preston Center a short drive away.

Taxes, MUD and PID

For tax year 2025, a Dallas address in Dallas ISD paid about 2.23% combined before exemptions (City of Dallas 0.6988, Dallas ISD 0.993835, Dallas County 0.2155, Parkland Hospital 0.212, Dallas College 0.106575 per $100). The City of Dallas offers a 20% homestead exemption. On estate values I review the appraisal history and protest record for each address.

On the map

Where Strait Lane sits

Drive times, schools and shopping around it. Ask me for a tour of the area.

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Miguel Gomez, REALTOR®
Your agent

Meet Miguel.

Miguel Gomez is a Texas REALTOR® with Texava Brokerage. He works with first-time home buyers, new construction and families relocating to North Texas, and he gets back to you the same day.

FAQ

About Strait Lane

Who has lived on Strait Lane in Dallas?
CultureMap has reported that residents of Strait Lane have included the Perot family and former President George H.W. Bush. That history is part of why the street draws buyers who want land in Preston Hollow.
What schools serve Strait Lane?
2026 listings show Dallas ISD, with Withers Elementary, Walker Middle and W.T. White High. Many families here also consider nearby private schools, so check both public zoning and private admissions timelines.
What do homes on Strait Lane cost?
In 2026 a 1958 home on a 0.47 acre creek lot sold after listing at $3.195 million, and a 2025 build of 11,211 square feet on 0.72 acre listed at $9.75 million. Lot size, frontage and condition drive a very wide range.
Is a teardown on Strait Lane a good idea?
It can be, but price the full project first: land, demolition, design, construction and carrying costs. I help buyers compare that total to finished comparable homes before they commit.
Recent sales

Every home that sold in Strait Lane, last 90 days

Sale price, price per square foot and days on market for each sale, pulled from the MLS by Miguel. Useful if you are thinking about selling or want to know if a listing is priced right.

Listing alerts

New listings in Strait Lane, straight from the MLS

Miguel sets up an MLS search with your price range, and new homes reach you the day they hit the market, with photos, price and history. Your number stays with Miguel.

Miguel confirms by text. Stop anytime.
Talk to Miguel

Looking in Strait Lane?

I track new listings, resale history and builder incentives here. Tell me what you need and I'll send what fits.

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