This exceptional estate on almost an acre offers a rare opportunity to own a piece of Preston Hollow as the foundation for a visionary new build among neighboring multimillion-dollar homes in the Strait Lane area.Or....Use this exceptional opportunity to update. Experience the allure of this iconic Charles Dilbeck residence, a rare Preston Hollow treasure that marries architectural heritage with resort-style living. Perfectly positioned on nearly an acre, this 1951 mid-century modern showcases Dilbeck's signature vaulted ceilings and hand-carved beams, complemented by large, open living spaces and oversized windows that invite abundant natural light.Entertain effortlessly in a recently updated, chef-inspired kitchen with state-of-the-art appliances and a spacious center island that flows seamlessly into a relaxed den overlooking the spectacular backyard and sparkling pool. The formal dining room offers panoramic garden views, while the luxurious primary suite serves as a tranquil retreat, complete with a spa-caliber bath, dual vanities, a soaking tub, and a generous walk-in closet. Step outside to resort-level amenities: a pristine pool, covered patios for year-round alfresco dining, a built-in outdoor kitchen, and a sprawling yard designed for both grand entertaining and quiet relaxation. A versatile detached workshop offers excellent potential for conversion into a guest cottage or private office. Prime location close to Ursuline, ESD and several private schools. Minutes from top restaurants, shopping and Love Field.