Phil Romano’s gorgeous estate at 10660 Strait Lane is on the market with another agent, at another price: only ten million dollars.
Wait, whadda mean “another agent”? It’s Doris Jacobs, not just “another agent” but one of the tip-top agents in Dallas who sells multi-million dollar homes while perusing the sale racks at Neimans. In fact, Doris Jacobs had Phil’s listing initially in 2004, but priced the nearly 5 acre estate at $17.5 million. What can I say, those were the days, really the days. The 14,748-square-foot mansion that sits off Strait Lane is almost directly across from the WaterWorld Richard Malouf is building. Ross Perot is right down the street.
Phil is probably best known as the creator of Fuddrucker’s and Romano’s Macaroni Grill, but he is also leading the development of West Dallas, an area called Trinity Groves you will soon be hearing more about on this blog.
The 14,748-square-foot home is massive, and sits on close to 4.7 acres of land off Strait Lane. From a private lake and waterfalls, to a jogging trail, creek, tennis court and a resort-like pool and spa, this home has everything a multi-millionaire could dream of and then some. Like a professional cooking area in the already over-the-top gourmet kitchen.
The home has been on the market since 2007, at, as we said, $17.5 million. The estate is certainly nowhere near as big a white elephant as was Champ D’Or, which, by the way, is being turned into an entertainment venue. I just think the market pooped out shortly after Phil listed it. The home has some extremes, but nothing a good contractor could not change.
However, our market is in sort of a force-fed recovery from lack of inventory, and there just may be more interested buyers this time around. With the uber high-end market having few products listed at over $10 million, you just never know. As for location, this is blue chip prime.
It’s about finding that right buyer, Doris Jacobs told people at an elegant Christie’s Great Estates party she hosted at the home while I was in California.
“This is a very unique property that has a gorgeous setting,” Jacobs said. “You have almost five acres. At this price, it’s almost land-value.”
A steal, she says
There aren’t too many estates in Dallas priced over $10 million,
Allie Beth Allman is currently marketing Troy Aikman’s house, and I hear one Briggs-Freeman agent has shown it about five times. Someone’s circling: a wealthy family from Mexico, says the Briggs agent, and they love it.
Oh yes, if you’d like to see Strait Lane, just holler at Doris: the house is ready at the drop of a fingernail file as the Romano’s are now living over on Shadybrook.