Today is the day! Heritage Auctions will be auctioning unit 17B at Dallas’ first residential high-rise, 3525 Turtle Creek, at 2 p.m. It’s the Meyer-designed building with the concrete lattice (brise soleil) next to Vendome. Since 1957, it’s been holding court on Turtle Creek and this year marks its 60th anniversary. After a recent tear of renovation projects and the famous Turtle Room about to reopen from a top-to-bottom restoration, the building has its groove back.
Jon Anderson went into great detail about this particular unit earlier this month. It’s a fantastic opportunity for the renovation-minded buyer who wants an enormous high-rise perch for a very good price.
One thing you won’t need to renovate are the views. As with all real estate, location, location, location. The green belt of Turtle Creek isn’t going anywhere and the skyline of Dallas is only getting larger.
I see $200,000 to $250,000 in renovation costs. With an opening bid of $400,000, it’s possible you can get a screaming deal because you’re willing to do the work and get exactly what you want. If that appeals to you, Heritage Auctions has all the information you need.
Of course, we expect that a bargain-minded buyer set on a classic Turtle Creek address will find this auction irresistible. “Bidder registration is underway,” says Rochelle Mortensen of Heritage Auctions. “We expect it could sell below taxable value, so it will be a great buy to whomever wins.”
We absolutely agree. Good luck!