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This enormous, luxurious estate at 3420 Ranchero Road will hit the block with Heritage Auctions on March 14, but read below if you want an exclusive tour tomorrow!

We all know about Ranchero Road up in Plano, one of the toniest addresses you can have.

The area is literally in the heart of Plano, off Parker Road, between the Tollway and Preston. The lots are gigantic, wooded, with tanks and ponds and natural surroundings that lure you into believing you are in the country, especially at night. Shhhhhhh.

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Ocean Views from Everywhere. Second floor shows Master Bedroom.

Ocean Views from Everywhere. Second floor shows Master Bedroom.

Talk about location, location, location — 202 Kaikuono Place in Honolulu is two doors away from what’s arguably the most famous piece of residential property in Hawaii, Doris Duke’s Shangri-La estate.  Both are located on the ancient lava flow “toe” that juts out into the Pacific called Black Point.  It’s one thing to say you live in Diamond Head, but to call Black Point home raises your cred exponentially. It’s been estimated that were Duke’s five-acre oceanfront estate ever to make it to market, it would be the most expensive piece of residential real estate in the state. And it’s two doors down.

This side of Black Point is at a right angle to the water, so homes face a ribbon of sand-washed coastline resting below the summit of Diamond Head.  When you live here, the best part of waking up isn’t Folgers in your cup. Of course if you needed a little caffeine, you may be able to wrest a cup away from your other neighbor, Jim Nabors.

Head over to SecondShelters.com for more fab house porn.

Hicks Walnut Place

We have heard rumors ever since he bought the most expensive piece of real estate in Dallas from Tom Hicks that he wanted to sell it.

Well, now he has gone and made it official: Andy Beal listed 10000 Hollow Way Drive, just west of the Dallas North Tollway at Walnut Hill Lane, on January 10 with the agent who sold it to him, Allie Beth Allman. Asking price is $48.9.

The estate is the same size as it was a year ago when Beal snapped it up — all 27,029 square feet —  and Beal is selling off every lick of the land of 25.25 acres. Only difference: the kitchen has been ripped out.

There has been much speculation that he would divide and split up the land, parsing the vast acreage into developable lots (think the Creeks of Preston Hollow) and sell the home on a 5 or 7 acre parcel. But for now, it appears he is selling it all lock, stock and barrel, including that torn up kitchen Beal ripped out to replace.

The price is also not surprising. We had heard the estate, once priced at $135 million when Douglas Newby had it, sold for somewhere in the $50 to $60 million range, which could have included furnishings and antiques.

Indeed, the sales price is LOWER than DCAD value, which has two properties (one a 20 acre plot, the other a 5 -ish acre plot) valued at a total of $61,278 ($4,152,000 plus $57,126,000).

So this could be the biggest bargain in town.

“He doesn’t seem to have a problem with the price,” Allie Beth Allman told Steve Brown. “He has other plans.

“I don’t ask any questions — just do what he says.”

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GetMedia.ashxOne of Dallas’ Real Housewives and her LA-house flipping spouse, Travis,  just snatched the bargain of the century on a house that may well be the most notorious dirt in town. I am talking about 3816 Turtle Creek Drive, which was built by Braden Power, as you may recall, back in 2005. The home was famous for, among other things, the swimming pool in the main foyer! Built of the highest quality materials, the home is exquisite: when Braden thought one element was wonderful, he put in 10 and added swans! The master closet rivals the couture department at Neimans size-wise with a sitting room, wet bar and desk. The jacuzzi spa is indoors and part of the upstairs media room. Yes, that is the point: you sit in or out of the oversized spa while watching the tube, clothes completely optional. Mais oui. (Must have been a blast on election night!) Sixty percent of the upstairs is devoted to the master suite, including a whole room for a shower, that indoor spa jacuzzi with television, a separate bathtub room, coffee/wine bar and of course, the room where you actually sometimes really sleep.

Downstairs there are two kitchens, formals, the pooled foyer, and a fabulous infinity exterior pool and yard overlooking Turtle Creek.

We have loved 3816 Turtle Creek since she was a gleam in her daddy’s eye. She even has a name: Casa Bellamini and was featured on HGTV’s Million Dollar Room. Once Braden built the home, he tried to sell it but the market did not cooperate — remember Lehman Brothers? First Erin Mathews listed it back in early 2010 for $6,900,000, getting it again in July 2010. No go. Even Marilyn Hoffman had her hands on this deal, raising the asking to $7,900,000. In January of 2011, a Chris Lowdon listed it for $7,900,000 or $929.41 a square foot. Yeow! And then, sometime in between all these agents, Braden covered the pool in the foyer.

You always want to be the first-born, the second wife and the third agent: Along comes Doris Jacobs to the rescue. She sells the home on March 24, 2011 for a whopping $7,900,000 to none other than Lee Bailey, then the fresh ex-wife of restaurateur Ed Bailey. Lee proceeds to make the home respectable: no more wild parties, talks to both Sherry Hayslip, whose husband, Cole, designed the home, and Trisha Wilson about the interiors, and takes the cover off that pool in the foyer!

Fast forward to 2016: Lee Bailey wants to sell, she enlists Doris again who lists the home at $8,895,000 after more than a million dollars in renovations, and in a much healthier market. In June, shocker: Lee changes agents to Kelly Watson with Keller Williams Urban, a lovely woman from Zimbabwe, South Africa. Then shocker of all shocks: Lee and Kelly bring on Concierge Auctions, who, as you know, can get the job done lickety split. (“3816 Turtle Creek is for the elite and someone who really loves to entertain high end black tie, but also casual AFFAIRS”) 3816 Turtle Creek Drive is going, going, GONE on November 14, 2016 for… are you ready because it’s LESS THAN DCAD…
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Arlington 2906 Serenity Front 2

This might be one of the most unique homes in the Midcities area, if not the most unique. Right from the first glance, this multi-level contemporary in Arlington’s Tiffany Park won me over. I love the prairie-style shape of this home, with five different levels anchored by a rectangular tower. It’s a novel way of taking advantage of the unobstructed views of Lake Arlington.

But would you believe that this home, built in 1984 and with many great updates, is on the market for just $595,000? It seems like such a bargain for a home in a great neighborhood, right next to a lovely lake, with more than 4,500 square feet, and with an incredible deck and pool with an easily accessible Midcities location.

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5344 Surrey Circle IHOTW

So, what’s a Santa Barbara Modern you ask?

Take that typical Mediterranean style that comes to mind — you know, terra cotta tile roof, white stucco, etc. — but infuse it with a modern consciousness. The result is an architectural style that is not only gorgeous, but also appeals to a modern family. Our Inwood Home of the Week at 5344 Surrey Circle is a classic example of Santa Barbara Modern.

Meredith Ferrell and Brenda Ray of Briggs Freeman Sotheby’s International have the 6,996-square-foot, four-bedroom, six-bathroom home listed for $3.89 million.

It has everything. And we mean, everything.

“From the minute you walk in the front door, your jaw drops,” Ferrell said.

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4526 N Versailles IHOTW

Our Inwood House of the Week from Inwood National Bank is exactly the sort of home Neiman Marcus seeks out as a location for their furniture and linen catalogs. I know because in another life I used to scout for homes exactly like this one. With their ordered facades, perfect proportions and simple elegance of design, Georgian homes have always stood for stability and prestige. This Highland Park Georgian gem at 4529 North Versailles Avenue is a shining example of that traditional, classic look that has such a universal appeal.

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Lombardi IHOTW

While you aren’t likely to spot George Clooney walking his dog, our Inwood House of the Week at 6855 Lakewood Boulevard will certainly make you feel as if you’ve entered a Lake Como villa.

“It’s very European,” listing agent Scott Carlson with Briggs Freeman Sotheby’s International said. “I’m at Lake Como a lot and this house just captures the feel beautifully. (more…)