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Urban Land Compound with Office-Use Home
For Sale
Under Contract
$13,000,000

3508 Gillespie Street, Dallas, TX 75219

LAND - Dallas, TX

Lot Size0.90 Acres
Days on Market58

Property Features for 3508 Gillespie Street

General Information

Property type Land
Property subtype Other
Zoning description MFR duplex, residential, and commercial office
Vegetation Cleared
Subdivision Regents Park
Lot features Back Yard, Interior Lot, Lawn, Sprinkler System, City Lot
Elementary school Milam
Middle school Spence
High school North Dallas
Elementary school district Dallas ISD
Middle school district Dallas ISD
High school district Dallas ISD
Directions Corner of Sale Street and Gillespie Street
Standard status Active Under Contract
APN 001030000A0190000
Lot size 0.90 Acres

Taxes and HOA fees

Tax Description REGENTS PARK BLK A/1030 LT 19 & 20
Tax Annual Amount 12512
Legal Description REGENTS PARK BLK A/1030 LT 19 & 20

Utilities

Sewer type Public Sewer
Water source Public
Listing Agency: United Real Estate
Listed By: Julie Smith · License #0697281
Added: Jun 6 Changed: Aug 1 Last Checked: Aug 2 at 12:06PM
MLS# 21025772

Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Offered for sale is a one-acre architectural portfolio set within a private urban compound. The package includes a 12,000-square-foot contemporary residence designed by Bernbaum Magadini Architects, plus a 4,000-square-foot historic home that is zoned for commercial office use. Nearly half an acre of park-like grounds adds a quiet, retreat-like setting, while the homes deliver distinctive, high-end features and finish details.

The contemporary residence is arranged across three levels with a full-sized elevator connecting each floor. Amenities include a ground-floor mother-in-law suite with a private kitchen and laundry, and a subterranean level with a five-car underground garage. Additional highlights are a state-of-the-art gym with an endless pool and water treadmill, a wet sauna, a private spa, a movie theater, and a golf simulator. The home is equipped with integrated Lutron lighting and a Crestron AV system, and offers elevated skyline views with indoor-outdoor entertaining on the top floor.

At 3508 Gillespie Street in Dallas (75219), this compound presents a rare opportunity for buyers seeking an owner-occupied campus or a multi-use setup that can support both residential living and commercial office utilization. The commercial zoning on the historic home may appeal to office users looking for a distinctive setting, while the combined site and privacy make it well-suited for investors evaluating unconventional, high-profile properties.

Key Highlights

  • 1‑acre urban compound with a 12,000 SF contemporary residence and a 4,000 SF historic home plus nearly half an acre of park‑like grounds
  • 12,000 SF contemporary home designed by Bernbaum Magadini Architects with elevated skyline views and custom Italian glass mosaics
  • 4,000 SF historic home zoned for commercial office use

Property Analytics

Current Use

Single family properties

Suggested Use

Top Pick Daycare Center (Bike/Boat/Book/etc) Store Grocery & Convenience Store Food Market Electrical Service Mobile Phone Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

5,668
Businesses Nearby

Demographics for 75219, TX

27,885
Population
19,190
Households
1.5
Avg Household Size
36
Median Age
71%
College-Educated
94%
High-School Grad
2.3 sq mi
ZIP Area
12,124
Density / Sq Mi
$92,541
Median Household Income
$70,549
Median Earnings
$1,751
Median Rent
$377,900
Median Home Value

Market

Vacancy Rate% for Office in Dallas, TX

19.2% 2019
21.1% 2020
21.5% 2021
21.6% 2022
22% 2023
26.2% 2024
25.9% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Single family property - Own a rare one-acre city compound combining a contemporary residence, a commercial office-zoned historic home, and expansive park-like grounds.
Where is this single family property located?
The property is located at 3508 Gillespie Street Dallas, TX.
What is the asking price?
The asking price for this property is $13,000,000.
What are key features of this property?
This property features: 1‑acre urban compound with a 12,000 SF contemporary residence and a 4,000 SF historic home plus nearly half an acre of park‑like grounds; 12,000 SF contemporary home designed by Bernbaum Magadini Architects with elevated skyline views and custom Italian glass mosaics; 4,000 SF historic home zoned for commercial office use
More about this property
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