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Lydia Player
Ebby Halliday Realtors
8333 Douglas Avenue Suite 100
Dallas, Texas 75225
Telephone 214.692.0000

In 1924 Ira De-Loache bought a 56-acre farm. Preston Hollow's first lots were carved out of the former farm parcels. De-Loache and Al Joyce developed Preston Hollow, with development largely occurring in the 1930s. At first Preston Road was the area's only connection to Downtown Dallas. Terry Box of The Dallas Morning News said that the Northwest Highway "was nothing more than muddy right of way." The area that would later become Preston Center was a Dairy Farm in the early to mid-20th Century.
Preston Hollow eventually extended from east of Preston Road, slightly north of Walnut Hill Lane, west of Midway Road and southwest of Northwest Highway.

Incorporated as a municipality in 1939, and provisioned by the Preston Road Fresh Water Supply District, the North Dallas town of Preston Hollow was named for the deep wooded area with creeks and hollows extending westward from Preston Road. The bramble in Preston Hollow was unique in the Dallas area and all home builders in the area were to preserve it as part of the covenant.

In 1945 Preston Hollow residents voted to join the city of Dallas and the municipality was annexed to Dallas shortly thereafter. That same year, the residents of Preston Hollow's southern neighbor, University Park and its southern neighbor, Highland Park, (collectively, the Park Cities) voted to remain independent municipalities.

Old Preston Hollow has a wide variety of prominent residents including:

Politicians - Former U.S. President George W. Bush,former Dallas mayors Tom Leppert and Laura Miller and her husband, retired Texas legislator Steve Wolens.

Business Executives - Ross Perot, energy tycoon T. Boone Pickens, former American Airlines chairman Bob Crandall, software developer Larry Lacerte, Stream Energy Chairman Rob Snyder, and investor Harold Simmons.

Sports & Entertainment Figures - Dallas Mavericks owner Mark Cuban, Dallas Mavericks player Dirk Nowitzki, former Dallas Cowboys players Roger Staubach and Chuck Howley, former Dallas Stars owner Tom Hicks, former Dallas Cowboys football coach Wade Phillips, golfer Lee Trevino, current Dallas Stars player Tyler Seguin, as well as British pop singer George Michael and his partner Kenny Goss.

Noted residents of Old Preston Hollow who are now deceased include ClubCorp founder Robert H. Dedman, Sr., trial lawyer and Democratic Party fundraiser Fred Baron and Mary Kay founder Mary Kay Ash.

Preston Hollow is located 6 miles (9.7 km) north of Downtown Dallas. Preston Road is the main arterial road of the area. Terry Box of The Dallas Morning News said in 1987 that the corridor Preston Road travels through, between the Northwest Highway, and the LBJ Freeway, is referred to as the "golden corridor" of Dallas due to its wealth.

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