In 1939, Preston Hollow was a self-contained municipality, provisioned by the Preston Road Fresh Water Supply. Preston Hollow is known for its creeks, hollows and wooded areas. Preston Hollow area is broadly defined as being north of Northwest Highway, south of Forest Lane, east of Midway Road and west of North Central Expressway. The homes in the Preston Hollow Area range from multi-million dollar homes on several acres, high contemporaries, mid-century moderns, sprawling ranch homes with acre lots, exclusive gated communities, quaint cottages, duplexes and a few multi-family residences. This vast array of architectural styles, individual neighborhood ambiences, location in Dallas and price ranges makes Preston Hollow one of the most popular and diversified areas in Dallas. In recent years the area has Exploded with high end new construction. The area north of Northwest Highway, south of Walnut Hill Lane, east of Midway Road and west of Preston Road remain the boundaries of Preston Hollow, also known as “Old Preston Hollow”. Old Preston Hollow is one of the wealthiest areas in the State of Texas and is home to many famous and wealthy residents.