4012 Colgate Avenue, University Park, Texas

$3,999,000

0.26 Acres
6,051 Sqft.
5 Bedrooms
5 Bathrooms
Built in 2007
71x160 Lot Size
50 Days on Market

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This stunning, updated University Park home, ideally situated in The Fairway, has just undergone a significant price reduction, offering a rare opportunity to own a luxurious residence at outstanding value. Spanning 6,051 square feet on a generous 71x160 lot, this home combines timeless sophistication with modern functionality. Designed for both entertaining and everyday living, the home boasts soaring ceilings and a beautifully updated open floorplan that promotes effortless flow between expansive living, dining, and outdoor spaces. The result is a light-filled, welcoming environment ideal for both gatherings and daily comfort. Key Features: Updated gourmet kitchen with Viking appliances, overlooking a cozy family room with exposed wood beams and fireplace and backyard patio and pool. Elegant, remodeled wood-paneled office with French doors—ideal for working from home in style Three-car stacked garage offering ample space and storage Resort-style outdoor living with fireplace, pool & spa, built-in cooking station, and a pergola-shaded sitting area The main floor includes an isolated ensuite guest bedroom, formal dining room, and a sun-drenched living room with peaceful greenbelt views. Upstairs, the expansive primary suite offers a private balcony, a beautifully renovated spa-like bath, an oversized closet, and a personal beverage cooler. Three additional ensuite bedrooms, a spacious game room or living area, and a large home theater with beverage refrigerator complete the second level. The third floor provides a versatile bonus room—perfect for a game room, lounge, or private retreat—with ample storage throughout. Cat-5 wiring ensures modern connectivity, and the location is unbeatable—just a short walk to restaurants, shops, parks, churches, and grocery store. This home is a true standout in layout, design, and value. Don't miss an extraordinary opportunity to buy in one of University Park's most desirable neighborhoods—now at a newly reduced price.

School District: Highland Park ISD

Dallas MLS #: 20897018

Open House: Public: Sat May 31, 1:00PM-4:00PM

Representing the Seller: Listing Agent William Willis; Listing Office: Allie Beth Allman & Assoc.

Representing the Buyer: Contact realtor Douglas Newby of Douglas Newby & Associates if you would like to see this property. 214.522.1000

Property Overview

  • Listing Price: $3,999,000
  • MLS ID: 20897018
  • Status: For Sale
  • Days on Market: 50
  • Updated: 5/27/2025
  • Previous Status: For Sale
  • MLS Start Date: 4/9/2025

Property History

  • Current Listing: $3,999,000
  • Original Listing: $4,249,000

Location

  • County: Dallas
  • Directions: South of Northwest Highway, east of Preston Road

Community

  • Home Owners Association: None

School Information

  • School District: Highland Park ISD
  • Elementary School: Hyer
  • Middle School: Highland Park
  • High School: Highland Park

Heating & Cooling

    Utilities

    Lot Features

    • Lot Size (Acres): 0.26
    • Lot Size (Sqft.): 11,369.16
    • Lot Dimensions: 71x160
    • Fencing (Description): Back YardWood

    Financial Considerations

    • Price per Sqft.: $661
    • Price per Acre: $15,321,839
    • For Sale/Rent/Lease: For Sale

    Disclosures & Reports

    • Legal Description: UNIVERSITY HEIGHTS BLK 46 LT 6
    • APN: 60218500460060000
    • Block: 46

    Contact Realtor Douglas Newby for Insights on Property for Sale

    Douglas Newby represents clients with Dallas estate homes, architect designed homes and modern homes.

    Listing provided courtesy of North Texas Real Estate Information Systems (NTREIS)

    We do not independently verify the currency, completeness, accuracy or authenticity of the data contained herein. The data may be subject to transcription and transmission errors. Accordingly, the data is provided on an ‘as is, as available’ basis only.