Lakewood is a neighborhood in east Dallas, Texas United States. It is adjacent to White Rock Lake, Bryan Place, and downtown Dallas.
Lakewood boasts the historic Lakewood Theater, which shows classic films and hosts many contemporary musical and comedy events, and the popular Botanical Gardens. Surrounding the Lakewood Theater is an entire neighborhood of trendy restaurants, shopping venues, and historical landmarks such as the Dixie House Cafe. Situated roughly between Garland, East Dallas, and Fair Park, Lakewood is a popular settling place for people looking for the city life but averse to high traffic and high rent. It is also popular with cyclists, runners, and hikers who want easy access to the lake. There are many unique shopping areas with funky shops, bars, cafes and restaurants — most are original and not chains nor franchises.
Lakewood is a collection of old-fashioned neighborhoods, generally developed from the early 1900s to the 1950s, including Lakewood proper, Lakewood Heights, and M Streets. Currently, there is a large number of Historic and Conservation Districts reflecting prodigious numbers of Craftsman, Prairie-Four Squares, Tudors, Spanish and Mediterranean Eclectic and Early Ranch homes, many of native Austin stone. The homes range from two-bedroom bungalows to massive estates on acreage. There is also a fair number of duplexes, four-plexes and very small apartment complexes.
Some of the older homes are being torn down in favor of much larger, more expensive homes. Real estate appreciation in the East Dallas area has almost equaled parts of California and formerly run-down areas are now more expensive than most Dallas suburbs