Inside Story? What Happened at the Vaughn House Auction Last Week

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As we told you, the Grady Vaughn house on South Dentwood in the heart of Old Preston Hollow went to auction last Tuesday, February 20, at 2:00 p.m.

As with any auction, we waited with bated breath.

What happened? Did anyone buy the 9500 square foot terrazzo floor stunner on one of the best lots in the heart of Preston Hollow, 5350 South Dentwood?

The auction happened, but the week of torrential rain definitely kept people away. As you know, the bidding started at $2.9 million for a home once marketed at $6.9 million. The sellers did have a secret reserve, which we do not know… but we do know that reserve was not met.

But as luck and drier weather would have it, there is still time to get your offer in!

That reserve must be a little bit higher (than $2.9 million)… but the agents, Mark Woodling and Alan Press of United Real Estate, say now is the best to make your bid. You’ve got an extension!

All offers are due by due by close of business on Wednesday March 7th.

The estate is under the guidance of a judge now, so make your offer soon!

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Candy Evans

Candy Evans is one of the nation’s leading real estate reporters, bloggers and consultants. She reports on Dallas real estate for WFAA-TV’s Daybreak with Ron Corning, and is frequently called as a real estate expert by other Dallas media. She is also a real-estate editor for CultureMap Dallas, Modern Luxury Dallas, the Katy Trail Weekly and the White Rock Weekly. She even has her own web-based Real Estate show called, The Party Line. Candy has written for AOL Real Estate, and is a guest blogger for Joel Kotkin’s The New Geography, Inman Real Estate News plus a host of national sites. Candy was a longtime contributing editor to Dallas’ D Magazine and sister pubs, and in 2007 founded the wildly successful Dallas real estate blog, DallasDirt. That’s where she broke the news on where former president George W. Bush bought his Dallas home in 2008. She is the founder and publisher of an exciting platform of Dallas-based real estate sites including SecondShelters.com, devoted to the vacation home market, and her signature CandysDirt.com, everything you need to know about real estate in North Texas. And yes, we are still psyched about the GOLD! In 2013, CandysDirt.com was named Best Blog by the venerable National Association of Real Estate Editors, one of the nation’s oldest and most prestigious journalism associations, and the only association for journalists covering real estate, home and urban design. We snatched silver in 2015, and who knows what 2016 brings...

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