The streets most often singled out in Preston Hollow are Strait Lane, DeLoache Avenue, Park Lane and Falls Road, mostly in or near Old Preston Hollow. What they share is not a style of house but land: lots of an acre or more, deep setbacks, mature trees, creek frontage on some stretches, and little through traffic.
Desirability here starts with the original plan. Developers began platting country homes on large one-acre lots in the 1920s, and the town that grew from them incorporated in 1939 and joined Dallas in 1945 (Preston Hollow Advocate, February 2015). Those early land decisions still shape which blocks command attention today.
What makes a Preston Hollow street desirable?
Ask buyers what they are paying for and the answers are consistent:
- Lot size and shape. Acreage, and especially depth, allows a long drive and a house set well back from the street.
- Setbacks and privacy. D Magazine notes that houses in Old Preston Hollow sit far back on their lots, unlike zero-lot-line houses elsewhere in Dallas.
- Tree canopy. Mature oaks, elms and pecans take decades to replace.
- Water. Creek frontage adds beauty and wildlife, along with floodplain questions.
- Traffic. A quiet lane is valued over a lot facing an arterial such as Preston Road, Walnut Hill Lane or Royal Lane.
Why is Strait Lane so well known?
Strait Lane is the name most people mention first. Candy's Dirt described its estates as ranging from 1 to 25 acres, with homes deeply set back and properties on the east side looking onto Bachman Creek (Candy's Dirt, September 2017). PaperCity called it "one of the most iconic streets in Dallas" (PaperCity, July 2025).
The trade-off: creek lots can carry floodplain considerations. The City of Dallas demolition checklist notes that reconstruction in a flood plain needs prior approval from the city's storm water staff, so review a survey early.
What about DeLoache Avenue and Park Lane?
DeLoache Avenue carries the name of one of the area's early developers and runs through the heart of Old Preston Hollow. Candy's Dirt called it probably the most coveted street in Preston Hollow and described lots of 1.6 acres and more, with at least one house dating to 1935 (Candy's Dirt, August 2014).
Park Lane, nearby, is known for unusually large holdings. The same Candy's Dirt piece noted a Park Lane property of 8.39 acres and another of 4.12 acres at Park Lane and Sunnybrook.
Is Falls Road in the same category?
D Magazine's 2025 profile of Old Preston Hollow singled out Falls Road for its privacy. The same profile notes that Old Preston Hollow, bounded by Walnut Hill Lane, Preston Road, Northwest Highway and Midway Road, contains 19 smaller neighborhoods and is made up mostly of large, traditional estates of varying ages (D Magazine, January 2025). Inside that area, a short street with limited traffic and deep lots often draws as much interest as a famous name.
How should buyers compare streets?
Use the same checklist on every block you consider:
- Pull the survey and plat. Confirm acreage, frontage, depth, easements and any floodplain designation.
- Check zoning. Single-family districts in Dallas range from half-acre to one-acre minimums and smaller; the City of Dallas zoning map shows the district for any parcel.
- Walk it at rush hour. School traffic on Walnut Hill Lane, Preston Road and Inwood Road can change how a street feels.
- Study the neighbors. Note recent rebuilds, vacant lots and the scale of new houses. Preston Hollow is not on the City of Dallas list of conservation districts, so the house next door can be replaced within zoning rules.
- Confirm schools by address. Most of Preston Hollow is in Dallas ISD, and assignments vary by address.
- Do not rely on public sale prices. Texas is a non-disclosure state, so sale prices are not required to be reported in public records. Comparable sales come from MLS access and local knowledge.
For broader context on the neighborhood, see is Preston Hollow a good place to buy a house, and for current estate activity, read our Preston Hollow luxury estate market report.
Are there good streets outside Old Preston Hollow?
Yes. The broader Preston Hollow area, which D Magazine traditionally bounds by Midway Road, Northwest Highway, Hillcrest Avenue and Royal Lane, includes many quieter blocks east of Preston Road and north of Walnut Hill Lane, where lot sizes and house ages vary. Buyers who want a newer home on a manageable lot sometimes find a better fit on a less famous street. We look at each block on its own merits rather than by its label. Our Preston Hollow neighborhood page maps the sub-areas.
How can The Agency Dallas help in Preston Hollow?
The Agency Dallas represents buyers and sellers in Preston Hollow, including estate properties on its best-known streets. If you are buying, send us your budget, timing and must-haves (acreage, creek or no creek, schools, privacy), and we will tell you which streets fit. If you own on one of these streets, request a home valuation for a pricing view based on recent sales. Start on our Preston Hollow page or call (469) 839-6020. We follow up within one business day. The Agency Dallas also advises Preston Hollow sellers on how to present a lot's land value.
Frequently asked questions
What is the most famous street in Preston Hollow?
Strait Lane is the most widely recognized. Candy's Dirt has described estates there ranging from 1 to 25 acres, many deeply set back, and PaperCity has called it one of the most iconic streets in Dallas. DeLoache Avenue and Park Lane are close behind in name recognition, especially for large lots in Old Preston Hollow.
Are Preston Hollow lots really an acre?
Many are, and some are much larger. The area was originally platted with large one-acre lots in the 1920s, and estates on Strait Lane and Park Lane have been reported at several acres. Other parts of the broader area have smaller lots. Always confirm a specific lot with the survey and Dallas Central Appraisal District records.
Do creek lots in Preston Hollow have special rules?
They can. Some creek-side lots include floodplain areas, and the City of Dallas requires prior approval from its storm water staff for reconstruction in a flood plain. A survey and a check of floodplain maps before you buy will show how much of a lot is buildable and what approvals a future project may need.
Can a home on a top street be torn down and replaced?
Generally yes, within City of Dallas zoning and permit rules. Preston Hollow is not on the City of Dallas list of conservation districts, so replacing an older house does not require design review of the kind found in some historic Dallas neighborhoods. Demolition still needs a permit, and protected trees near the work area must be identified on a tree survey.
How do I find a home on Strait Lane or DeLoache Avenue?
Watch the MLS, but expect that some of the best properties trade quietly. Some sellers on these streets choose private or limited marketing. Working with an agent active in Preston Hollow, and being clear about budget, acreage and timing, gives you the best chance of hearing about a property before it is widely shown.
Sources
- Preston Hollow Advocate, Where is Preston Hollow? Examining the undefined boundaries of our neighborhood (February 2015)
- D Magazine, Neighborhood Watch: Old Preston Hollow (January 2025)
- D Magazine Dallas Neighborhood Guide, Preston Hollow
- Candy's Dirt, Find Dallas' Most Gracious Living with these Three Strait Lane Estates (September 2017)
- Candy's Dirt, Off Market Wonder: An Opportunity to Own Dallas History on the Most Celebrity-Rich Street in Preston Hollow (August 2014)
- PaperCity, Dallas houses and neighborhoods feature on Strait Lane (July 2025)
- City of Dallas, Demolition Permit Checklist (Document 26-001, February 2026)
- City of Dallas Planning, R-1ac(A) and R-1/2ac(A) single-family district standards
- City of Dallas Planning, Introduction to Conservation Districts
Verified October 2026.
