Right in the middle of original Preston Hollow is El Parado, a neighborhood of early estate homes. Preston Downs is on the south and Preston Elms is on the north. The southern boundary of El Parado is Park Lane, the eastern boundary is Preston Road, Douglas defines the western boundary and Falls Road is the northern boundary.

Hugh Windsor plotted this land in 1925 with Desco and Watson created as the east-west streets between Preston and Douglas. He then sold the land in large tracts though the 1930s. Gradually, individual acres of land were carved away from the original estates such as Lupshire and the Desco Estate. But these original estate homes still remain on the two acres or more. New homes have been built in the last decade showing a progression of architectural style and taste in this quiet neighborhood of impressive homes. The look and feel of the neighborhood, however, is still rooted in the original Preston Hollow estate homes that remain standing. Wide verandas, sweeping driveways and deep setbacks add to the mystique of these early 20th century mansions. Important families continue to call this neighborhood their home and new families are continually drawn to this delightful neighborhood.