As legendary realtor Della Lively, who lived in the home 50 years, always said, "land is what goes up in value," and what great land this is. Almost a half acre with 145-foot footage and one of the most spectacular live oak trees in Preston Hollow. You will have a head start with the approximately 2,500 sf original 1950s three-bedroom, two-bathroom custom built home that has large rooms with walls of windows and a kitchen-breakfast room-laundry room configuration that provides ample space for a new contemporary kitchen. Approximately 2,000 sf have been added onto the original home that includes the library and office. These rooms can be torn down to create a spectacular new primary bedroom overlooking the live oak tree and pool along with a large family room. Deed will restrict the original 2,500 sf home and live oak tree from being torn down, but home can be expanded and added-on rooms can be torn down and replaced.