Mt Vernon classicWow, big day for Lakewood real estate news. First broker peak at the Stanley Marcus house, and word that Allie Beth Allman has dramatically lowered the asking price of Mt. Vernon. It is now a cool $19 million. That’s a whopping ten million less than the estate’s original asking price of $29 million. No, wait. In April 2010, Mt. Vernon had an asking of $32, 500,000. So that is a $13,500,000 drop! What with Troy’s home on Highland sold, which was NOT in MLS, Mt. Vernon is now one of the highest priced listings in MLS. Only higher: 4939 Manson Court off Strait Lane at $29,995,000 and Dans Bois Crete over on Inwood at $19,500,000. The Crespi Estate, owned by Tom and Cinda Hicks, is still the highest priced home by a longshot in Dallas at $135 million, but it is NOT in MLS. Doug Newby has been marketing the Crespi estate bigtime to folks with private jets. Mt Vernon long shot

4009 West Lawther is a landmark Dallas estate on ten acres overlooking White Rock Lake. The main home has 10,511 square feet that were totally renovated and expanded in 2002. There are elevator accesses on all three floors, five bedrooms (the master is 20 by 20 feet), 9 and a half baths, myriad living areas, a 2,400 square foot basement with wine cellar and storage, a two-story guest house, heated pool, pool house, four-lane bowling center, a 16 car concours auto facility aka a very fancy garage, lighted tennis courts, putting green, gazebo, outdoor grill and kitchen area with two fireplaces and pizza oven.

Mt Vernon classic Mt Vernon bowling

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Looking to find a little estate in the Loire Valley but your spouse wears a “France Sucks” tee? You can have 25 acres that resemble the French countryside and a 48,000 square foot estate so perfect you may never wish to leave. The 25 acre estate of Thomas O. and Cinda Hicks on Walnut Hill Lane and Hollow Way Road in Preston Hollow just hit the non-MLS market for a whopping $135 million. For more photos and all the scoop, check out the site of Douglas Newby, who is the agent.

And it may actually now be the most expensive home listed in the entire United States!

6879 Mossvine Cir extWe over here at CandysDirt.com are still reeling from the gorgeousness of the photos of Tom and Cinda Hicks’ stunning $135 million (did I get in all the zeros?) estate on Walnut Hill Lane at Hollow Way. Crespi Estate extFanning ourselves: that house is enough to bring on menopause! We have been busy, too, with interviews and links and calls now know that Dallas holds the distinction of hosting the most expensive listing in the United States. But some of us need to buy homes for slightly less than $135 million, unfortunately. Or maybe, fortunately. And if you were thinking of Northwood Hills, just get out your checkbook right now because with 6879 Mossvine you basically have a micro version of everything in that Crespi estate at a fraction of the cost, with Richardson schools to boot!!

Here’s another secret about 6879 Mossvine Circle: ’tis owned by a professional Realtor, someone who really loves homes, which truly shows because, ladies and gents, this house is packed, just packed with goodies! I gave you a hint in our catchy title: basketball court, actually a half-basketball court, pool, large rambling yard, steam shower in master bath, a two-sided aquarium in the bar visible from the bar and the family room, media room (yes, a media room) hand-scraped hardwoods and tons of natural light. The master bath itself is more of a retreat, with the Jacuzzi tub, steam shower,  double vanities and closets so large you could get a massage table in there.6879 Mossvine cir LR 6879 Mossvine Media 6879 Mossvine kit 6879 Mossvine aquarium 6879 Mossvine master 6879 Mossvine master bath

If cook you must, you will love the kitchen: double ovens, gas cook top and updated everything. There is a Media room large enough for a family of six plus a few friends. Afterwards, the kids can go outside and sit around the fire pit, roast marshmellows, or whip up burgers in the outdoor kitchen — that too, not even kidding — the pool and spa and that half basketball court!

What do you think a house like this, this loaded, will set you back? Bet you’re thinking around a million, huh? Well folks, this is the Friday $500K just a little delayed. And really, I think I’ve outdone myself!6879 Mossvine pool ext

6879 Mossvine Cir extWe over here at CandysDirt.com are still reeling from the gorgeousness of the photos of Tom and Cinda Hicks’ stunning $135 million (did I get in all the zeros?) estate on Walnut Hill Lane at Hollow Way. Crespi Estate extFanning ourselves: that house is enough to bring on menopause! We have been busy, too, with interviews and links and calls now know that Dallas holds the distinction of hosting the most expensive listing in the United States. But some of us need to buy homes for slightly less than $135 million, unfortunately. Or maybe, fortunately. And if you were thinking of Northwood Hills, just get out your checkbook right now because with 6879 Mossvine you basically have a micro version of everything in that Crespi estate at a fraction of the cost, with Richardson schools to boot!!

Here’s another secret about 6879 Mossvine Circle: ’tis owned by a professional Realtor, someone who really loves homes, which truly shows because, ladies and gents, this house is packed, just packed with goodies! I gave you a hint in our catchy title: basketball court, actually a half-basketball court, pool, large rambling yard, steam shower in master bath, a two-sided aquarium in the bar visible from the bar and the family room, media room (yes, a media room) hand-scraped hardwoods and tons of natural light. The master bath itself is more of a retreat, with the Jacuzzi tub, steam shower,  double vanities and closets so large you could get a massage table in there.6879 Mossvine cir LR 6879 Mossvine Media 6879 Mossvine kit 6879 Mossvine aquarium 6879 Mossvine master 6879 Mossvine master bath

If cook you must, you will love the kitchen: double ovens, gas cook top and updated everything. There is a Media room large enough for a family of six plus a few friends. Afterwards, the kids can go outside and sit around the fire pit, roast marshmellows, or whip up burgers in the outdoor kitchen — that too, not even kidding — the pool and spa and that half basketball court!

What do you think a house like this, this loaded, will set you back? Bet you’re thinking around a million, huh? Well folks, this is the Friday $500K just a little delayed. And really, I think I’ve outdone myself!6879 Mossvine pool ext

Fasten your seatbelt, it’s going to be a wild ride in real estate this spring. The ink is not yet dry on our post detailing 5911 Glendora, Howard and Cindy Rachofsky’s family home that just hit the market. Now I’ve discovered that, while it is NOT in MLS, Douglas Newby is indeed marketing the 25 acre estate of Thomas O. and Cinda Hicks on Walnut Hill Lane and Hollow Way Road.

For years, the Crespi Estate has headed every list of the Most Expensive Home in Dallas. But, having been inside it, I can tell you this home is about so much more than money. There was speculation when former President Bush bought his home on Daria that he wanted to be near the Hicks, and perhaps utilize their helicopter landing area. (Hicks does not have a concrete helicopter pad, I learned at the time, but he does have the lighting.) The Hicks have a rear auto estate entrance just a few feet from the Dallas North Tollway service road. The Hicks family hosted numerous Mayflower Estates homeowners meetings introducing the Bushes to the neighborhood.

Crespi Estate Photo Sunroom

According to Doug, Mr. and Mrs. Hicks acquired the Crespi estate 16 years ago and Cinda spent five to ten years completing the architectural vision of the original architect, Maurice Fatio. She brought in international architect Peter Marino from New York and worked painstakingly on the home, refining and honoring Fatio’s proportions and architecture. I have heard from knowledgeable sources they spent close to $100 million on the expansion and remodel.  The Hicks have raised six children in the house and are now empty nesters in a home DCAD sizes up at 28,996 square feet for the main structure, 6300 for the guest house, and 7200 for the pool house. That might be a little large for two people, eh? Tom Hicks is the former chairman of Hicks, Muse, Tate & Furst, an investment banking firm, and he once owned the Stars and the Rangers. Hicks sold the Rangers for around $590 million in 2010. He recently just this January settled disputes with Texas Rangers Baseball Partners administrator Alan Jacobs. He is now the chairman of Hicks Holdings and currently making several exciting business acquisitions.

Doug says the dirt in Mayflower Estates is valued at $2 million per acre, which would be about $50 million, and the residence with pool house, guest house and main house comprises 42,500 square feet for a grand total of $85,000,000. 

 Crespi Estate Entry

So it appears it will take $135,000,000 to buy The Crespi Estate. Did I get all those zeros right? This makes Mt. Vernon look like a Blue Light Special.

But really, $135 million is nothing for the most refined, sophisticated residence in Texas on an expansive 25 acre estate that is merely 8 minutes from downtown Dallas, the Arts District, 40 minutes from D/FW or really, what matters, 15 from your private jet hangar at Love Field. I have been in this home and seen what the Hicks have created and it would be impossible, impossible to replicate it.  A new owner could even add a stable: one horse per acre in Preston Hollow!

As Doug described it so aptly in this post for The Huffington Post:

“A winding private drive descends to the home beautifully placed in front of a creek flowing across the 25-acre estate property. It is majestic, dignified and graceful. The home is also warm and fun. The design exudes elegance and the architecture, a subtle power. The architectural massing of the main house, guest house and pool house convey a home that is grand yet serves primarily as a place for a family to live. The sensibility for the past is blended skillfully with the technology and resources of the present, presenting visual continuity. The estate owners honored the original family, architecture and history of the home with an inspired approach — one that creates the impression that the home has not been renovated or expanded, but truly and magnificently completed.

To be continued, stay very tuned…

Oh and where did all the pictures go? Gracious Doug Newby kindly let me keep them posted for a few days, but to see more, and I mean way more, click right here over to his site.