Supreme Auctions has a Preston Hollow property that’s so exclusive, we can’t really tell you the address. We can tell you this 6,782-square-foot luxury estate is called Avalon Hollow and in cooperation with Vicki Mox of RE/MAX Dallas Suburbs, it’ll be auctioned off live on-site with no reserve on Saturday, Oct. 19, selling to the highest bidder regardless of price.
Let’s start with the location. Preston Hollow is such a hallowed part of town that many a debate has been waged here on CandysDirt and elsewhere about its proper boundaries: Hillcrest Road to the east, Midway to the west, Northwest Highway to the south, and Royal Lane to the north? Or is Midway too far west? Does Preston Hollow end at Inwood Road? Is Strait Lane part of Preston Hollow? Preston Hollow purists even claim that the stretch of large stone and brick mansions that replaced the sprawling one story ranches west of Preston Road — Deloache, Norway — is technically not Preston Hollow. Residents have a right to be picky. Famous faces, from George W. and Laura Bush on Daria and Mark Cuban on DeLoache and Hollow Way to former Dallas mayors Tom Leppert (Alva Court, sold) and Laura Miller (Dentwood, stunning) choose to live here because of its gorgeous estates, huge trees, creeks and ponds on spacious, lushly landscaped lots. Proximity is the best: just five miles north of downtown.
This Preston Hollow home is no exception.
“Located on a large private cul-de-sac lot that backs to a creek and greenbelt, this stunning estate allows for easy access to all that Dallas has to offer,” says listing agent Vickie Mox of RE/MAX Dallas Suburbs. The greenbelt is one of the sellers’ favorite aspects of the home in fact.
“We loved the neighborhood so much we purchased this home and moved from only five blocks away,” the seller says. “This beautiful executive home is in the heart of the nicest part of Dallas and is ideal for an owner with children, grandchildren, and friends and associates with children for entertaining. The estate was designed so that most of the rooms face the backyard area giving a stunning view of the creek and surrounding greenbelt.”
Avalon Hollow features five bedrooms, five and half-baths, and living area options designed with old-world style befitting of such a majestic property. There are five fireplaces, formal dining room, and a gourmet kitchen featuring custom cabinetry, tumbled marble backsplash, and top-of-the-line appliances.
Entertaining is a delight in this home with a game room, home theater, three covered patios, sport court, pool and spa, and park-like backyard with a playhouse. The two-story, 2002-built home is located on nearly an acre.
You might be thinking, why an auction? As large multi-million dollar properties are averaging longer days on market, luxury estate auctions have become the go-to choice of forward-thinking, motivated sellers. Of course, auctions have been popular for years. Supreme Auctions has been a leading auction firm for more than a decade with auctions taking place everywhere from Dallas and Houston to Hawaii, and Costa Rica.
Avalon Hollow is listed for $3.475 million and has been priced in the past as much as $3.799 million, and on Oct. 19 the property will sell at live luxury no-reserve auction on-site.
The only way to see the home before the auction is by appointment so you’ll want to get in touch with Supreme Auctions at 866-929-2243 to schedule a private tour and request more information for buyers evaluating the property. Don’t worry if you’re new to luxury auctions — the Supreme Auctions team will provide buyers all the information you’ll need and answer questions along the way. Plus, they offer a more streamlined non-contingent closing usually within 30 days.