Alan Peppard reported Sunday on something I have been meaning to tell you: The Tom Hicks Crespi Estate on Walnut Hill Lane has been reduced in price, somewhat. As Alan reports, the Hicks have decided to sell their estate with less land for less money: 10 acres, and 42,500-square-feet of the most luxurious living in Dallas or the entire state, for that matter.
Previously we reported here, first of course, that the Hicks estate was on the market for $135 million. At that time it took the prize for the most expensive estate for sale in the United States. That was for all 25.25 acres, a lot of grass and trees (and some ponds) even in the honeypot of Old Preston Hollow. In fact, I wonder how much damage the Hicks had from last weeks’ storm– hopefully none.
Alan reports that Doug Newby now says you can have the house and all the structural trimmings on 10 acres for a mere $60 million.
But aha, Unique Homes Magazine claims that the whole shebang was reduced to $98 million in 2014, for less land. How much less? I’ve got an email into my NAREE colleague Camilla McLaughlin over there to find out. (more…)