Situated in the heart of Preston Hollow, 7320 Northaven Road offers an exceptional opportunity to create your dream estate on approximately 1.7 acres of prime Dallas real estate. Ideally located, the property is just a six-minute drive to Preston Oaks Shopping Center, home to Central Market, LOU Coffee, and a variety of popular dining, retail, and service options. Additionally, Preston Royal Shopping Center is conveniently located nearby, offering everyday essentials, boutique shopping, restaurants, and more. Whether you envision building a custom luxury residence, subdividing the lot to develop up to multiple thoughtfully designed spec homes, or securing a premier investment opportunity, this oversized parcel presents exceptional flexibility and upside in one of Dallas' most sought-after neighborhoods. A 1941 Georgian residence, originally designed by DeWitt & Washburn, sits on the property and is ready for renovation or reimagination. Once part of a larger 5-acre estate, the lot now spans approximately 1.7 acres and stretches from street to street, offering rare through-access across the full block. Built by a commercial builder, the home features unique elements ahead of its time, including three-phase power, a gravity-fed instant hot water system, and what was once the first second-floor phone line in the area. Formerly owned by Bill Meyers and his partner George Rosser-operators of five pharmacies throughout Dallas-the property has long served as a private, hidden oasis, thoughtfully maintained with an emphasis on attracting wildlife, along with numerous repairs and improvements over the years. A Ludowici tile roof was installed in 2020, adding lasting quality and character.