Trammell Crow Estate on Market in Highland Park, Listed for $59.4 Million

The Trammell Crow home in Highland Park was in that family for more than 50 years. Now it's time for new owners to enjoy the 10,000-square-foot house. Photo: courtesy of Dallas Morning News.

The Trammell Crow home in Highland Park was in that family for more than 50 years. Now it’s time for new owners to enjoy the 10,000-square-foot house. Photo: courtesy of Dallas Morning News & Allie Beth Allman

A slice of local history has hit the market, with the Highland Park estate of the late Dallas real estate developer and art collector Trammell Crow and his late wife Margaret now listed with Allie Beth Allman & Associates.

Located between Preston Road and Turtle Creek Boulevard, the 10,000-square-foot Tudor-style house has a price tag that reflects storied history, palatial size, and tony location: at $59.4 million, this is one of the highest priced properties ever listed in the area. As of now, this is an off-market listing not yet in the MLS.

What’s not to love about this creekside estate? Sitting on almost six acres, the mansion was built in 1912 by Henry Lee Edwards, a Dallas cotton tycoon, who hired architect C.D. Hill to design the place. Hill is responsible for many of Dallas’ architecturally significant buildings and residences of the early 1900s, like the Beaux Arts beauty at 106 S. Harwood Street in Downtown (old city hall), Oak Lawn United Methodist Church, and the Spanish mansion at 3318 Beverly Drive in Highland Park.

In addition to the main house, the Crow estate has a 986-square-foot guesthouse and a 1,590-square-foot servants quarters, located above the garages. There’s even a tree on the land that dates to the founding of Highland Park over 100 years ago.

The Crow family has called this estate home since moving there in 1961, but the deaths of Mr. Crow in January 2009 and Mrs. Crow this April prompted the family to put it on the market.

Architect C.D. Hill designed the 1912 house, one of many prominent designs by him in Dallas. Photo: courtesy of the Dallas Morning News.

Architect C.D. Hill designed the 1912 house, one of his many prominent designs in Dallas. Pictured above is the living room. Photo: courtesy of the Dallas Morning News.

The next owners will not only inherit great stories of a half century of swinging soirées attended by Dallas elite, but will have some big-name neighbors, as well: Dallas Cowboys owner Jerry Jones is next door, at the corner of Armstrong Parkway and Preston, and financier Edward “Rusty” Rose. Son Harlan Crow’s mega-estate is just up Preston Road.

To put this $59.4 million price tag in prospective, there’s only one other residential property on the market for more, the Crespi Hicks Estate,home of Tom Hicks. This Preston Hollow mansion is 42,000-square-feet, listed for $60 million with less land, but was originally listed for $135 million for all of its 25 acres of land.

The next highest property listed by Allie Beth Allman is 5950 Deloache Avenue for $37.5 million. This nine-acre Preston Hollow estate offers a 15,000-square-foot home, designed by legendary architect Robert A.M. Stern. That is, of course, the home of Dallas attorney Lisa Blue.

6 Comment

  • come on! This is Highland Park – that baby’s TOAST – its a Tear Down.!

  • I have to agree, even with the history, an old, puny 10,000 square foot house on that property is getting the tear down treatment. I do think the price is high, however. Has no one noticed the neighbor to the south is Jerry Jones?

    At $60M, it would be funny to see a $15M teardown and rebuild. Spend $75M and watch your home value immediately thirded! It’s interesting to see the property priced like the smaller lots on Lakeside Drive ($8M/acre) instead of the other mega-mansions on Preston ($3M/acre). Land value isn’t linear like that.

  • This property absolutely can’t be worth that price tag. It’s going to be on the market for a while.

  • It’s worth closer to $42MM. Another relevant premium acre lot sold for $10MM, which is where they are getting that price from, but that first acre is always going to get a premium over any additional acres.

    Either way, I hope I can bring the buyer on it$$

  • A nice house for sure but nowhere near worth the asking price.

  • This cant be a tear down because it is a designated landmark as of a couple of years ago. I personally think its worth every penny. As a buyer though of course I would come in at less than asking price.