The House of Gold — That is, Champ D’Or — Will Soon be Surrounded by… Aspirational Starter Homes?

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Or Mini Champs. McMansion Champs –McChamps! This could be why Alan Goldfield has decided to auction off the over the top dream chateau with the Chanel Boutique-replica closet etc. etc. that he has been trying to sell for almost ten years up there in Hictory Creek. A few weeks ago I found out that a chunk of Goldfield properties in Hickory Creek surrounding Champs were sold to Centurion American Development. As in the man I call Saint Stoneleigh,  Mehrdad Moayedi, head of Carrollton-based property developer and investor Centurion American Development Group, who paid $4.55 million for the Stoneleigh Hotel.

Readers tell me the Centurion signs are up already:

I was driving home just now, I saw workers putting up the signs. A single “For Sale” sign still lingers in front of the guard shack at the entrance to Champs D’Or, along with 39 acres.

Centurion bought 1745 Turbeville Road, 20 acres that includes a 13,439 square foot house with six bedrooms, five and a half baths, three car garage listed for $5.6 million, which is exactly what it sold for according to MLS. The home also has a pool with cabana, sauna and kitchen in cabana, commercial grade construction and 3000 square feet of patios. Centurion also bought 1850 Turbeville Road, listed for $15 million, that being 116 acres including a 12,588 square foot home with five bedrooms, four and a half baths, billiard room, covered terraces, ten stall horse barn, log cabin home, riding corral and private lake loaded with ducks and geese. The game plan is, I think, to create a housing development here that may very well be called Gold Fields surrounding the House of Gold! Prices will begin in the $400,000 range with minimum square footage of 2500 square feet — most will likely be around 3000 to 4000. I got a whiff of a zoning change in Hickory Creek for single family homes, and that’s when this all came together. Centurion closed on the properties December 20, 2011.

The total acreage is 137, and if you get 3 homes per acre that’s about 400 homes. Of course, the existing homes could be converted to club houses, or just retained and sold, and that horse barn will be an attractive amenity. Plus all the homes will surround and gaze upon the golden pinnacle of twenty-first century Real Estate dreams, or, perhaps nightmares: Champ D’Or.

As one reader speculated:

Rumor is, Texas will legalize gambling in the near future and the Champ will be bought by an Indian tribe or mega-church and turned into a casino or bingo hall.  Plenty of parking, looks like a casino, easy access to I-35, tax revenue, it’s all there.

He teases us, obviously. But I could see Prestonwood Baptist buying the place to revive those amazing Christmas pageants maybe, recall the ones with live camels? Will Centurion pick up Champ at the auction next month as the ultimate club house for his new development? If not, who will and what will they put there? How will that fit into the housing development plans? Surely it will not become, as one writer speculated, the best little tear down in Texas? Will The House of Gold eventually be surrounded by starter homes from DR Morton, Megatel, Gehan, Seina, etc? Maybe Alan Goldfrield is a shrewd businessman, bluffing? This could be the most interesting real estate story to hit North Texas in years…  stay tuned.

 

 

 

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Candy Evans

A real estate muckraker, Candy Evans is one of the nation’s leading real estate reporters. She is also the North Texas real estate editor for Forbes.com, CultureMap Dallas, Modern Luxury Dallas, & the Katy Trail Weekly. Candy has written for Joel Kotkin’s The New Geography, Inman Real Estate News, plus a host of national sites. Constantly breaking celebrity real estate news, she scooped former president George W. Bush's Dallas home in 2008. She is the founder and publisher of her signature CandysDirt.com, and SecondShelters.com, devoted to the vacation home market. Her verticals have won many awards, including Best Blog by the venerable National Association of Real Estate Editors, one of the nation’s oldest and most prestigious journalism associations. Candy holds an active Texas real estate license but does not sell. She is on the Board of Directors of Braemar Hotels & Resorts (BHR).

Reader Interactions

Comments

    • Bonnie Brown says

      Check out local newspapers for information about MULTI-FAMILY housing going in too!!!! Recall there was a big hooplahoo when Goldfield & his representatives
      requested a development district, which the city approved although a number of citizens voiced out against.

    • Bonnie Brown says

      Check out local newspapers for information about MULTI-FAMILY housing going in too!!!! Recall there was a big hooplahoo when Goldfield & his representatives
      requested a development district, which the city approved although a number of citizens voiced out against.

  1. Bonnie Brown says

    Members of the Hickory Creek Town Council voted to allow a special district for Al and Shirley Goldfield who hope to turn 140 acres of their land just outside town limits into a development that will have retail and high-density housing. This is from the Denton Record Chronicle in a yearend review. http://www.dentonrc.com/local-news/local-news-headlines/20111231-year-in-review-governments-old-guard-faced-threats-from-lawsuits-fresh-faces.ece . Other stories on that website as well.

  2. Bonnie Brown says

    Members of the Hickory Creek Town Council voted to allow a special district for Al and Shirley Goldfield who hope to turn 140 acres of their land just outside town limits into a development that will have retail and high-density housing. This is from the Denton Record Chronicle in a yearend review. http://www.dentonrc.com/local-news/local-news-headlines/20111231-year-in-review-governments-old-guard-faced-threats-from-lawsuits-fresh-faces.ece . Other stories on that website as well.

  3. GoCubs! says

    I suspect the house will be torn down eventually. The taxes are crazy, the cost of upkeep, etc. The sellers broke the number one rule of real estate….don't overbuild for the location.

  4. GoCubs! says

    I suspect the house will be torn down eventually. The taxes are crazy, the cost of upkeep, etc. The sellers broke the number one rule of real estate….don't overbuild for the location.

  5. Real Estate Seller says

    Can you imagine stepping out your back door and looking at that THING every day? Wonder how the neighbors feel about Levittown McMansions as neighbors…

  6. Real Estate Seller says

    Can you imagine stepping out your back door and looking at that THING every day? Wonder how the neighbors feel about Levittown McMansions as neighbors…

  7. Richard says

    That's just crazy! What an awesome home it is. Obviously, there has been some difficulty selling Champ's. I would assume that this doesn't help the re-sale of the home.

  8. Richard says

    That's just crazy! What an awesome home it is. Obviously, there has been some difficulty selling Champ's. I would assume that this doesn't help the re-sale of the home.

  9. Cassidy Jenkins says

    That home is a masterpiece and I personally think it should be a museum. I would love to look at it each and every day and think that this guy is brilliant — those homesites will sell like hotcakes with that chateau in the midst!

  10. Cassidy Jenkins says

    That home is a masterpiece and I personally think it should be a museum. I would love to look at it each and every day and think that this guy is brilliant — those homesites will sell like hotcakes with that chateau in the midst!

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