Dallas Uber-Luxury is Getting Snapped Up Faster than You Can Say a $37.5 Million Spec

You thought we’d seen it all when Candy broke the news of the Schlegel mansion listing at $24 million. Or when Mehrdad Moeyedi re-did the Crespi Estate and sold it to the Cox clan after it listed for $38.5 million. Then there was Alex Perry’s 90-day sale of a $22 million historical Volk Estates estate.

Well, they’ve all been one-upped by a gigantic uber-luxury construction happening in Volk Estates. Architect Richard Drummond Davis designed what will soon become a gorgeous Palm Beach Mediterranean for the present owners.

They put it on the market this morning for $37,500.00.

 Wait, what?

I cannot believe I am even typing this: because we lack uber-luxury inventory. Remember when there was too much of it? Enter a tornado in Preston Hollow and a pandemic. Last year, Dallas-Fort Worth and Houston tied as the leaders of luxury home buys in the state, with 2,130 million-dollar home sales.

DFW million-dollar home sales were up 20.1% from 2019 to 2020, nearly a fifth. You got a mega million dollar house, turn it into a piggybank, right?

Of course, as Tabitha Brown says, “it’s their business.”

We’ve seen it coming for months here at CandysDirt.com. Give me a dollar from everyone who says “luxury is dead” and I’ll buy you a case of Veuve Clicquot, because Dallas has hit a whole new level of luxurious home.

I remember this past May, post quarantine, when suddenly all the big multi-million-dollar estates that had been sitting and sitting on the market sold in a few weeks.  With existing inventory sold and an influx of uber-luxury buyers fresh from unloading pricey properties in jacked-up markets, it is not stopping. So it makes perfect sense to take advantage of the present seller’s market, even if you are just sticking a $37 million toe in the water.

Stuart Mcllyar is building, and David Rolston is landscaping, this 23,688-square-foot home with a pool. There are plans for six bedrooms, eight bathrooms, and three powder baths. And yep, it’s going to have everything a California (or Florida, or New York, or Illinois, or Oklahoma) CEO could desire from a yoga studio (in addition to the gym) to a screening room (we don’t call them home theaters in California, my dear). This one will also have a concession area. That is something we have seen a few times, but will likely become standard.

I can’t think of anything lacking in the plans. There is a commercial-grade elevator serving all three floors and an underground level that has seven underground garage bays.  Underground garages are a huge new trend: one of Candy’s neighbors tore down the late home of District 11 Dallas City Councilman Lee Kleinman, the one that sold at auction for $3 million, and is building an enormous estate with considerable underground parking. But they are neighbors, so she is not spilling the beans.

Of course, there is a generator and a fortified safe room equipped with a full bedroom and bath, which are not in that original count I gave you. What I have to really take my hat off to is the catering kitchen that can serve the safe room, and they planned the 500-bottle wine cellar to be close enough to get you through any tornado, riot or zombie attack.

We know you’re looking, so just know 6915 Baltimore Drive will be ready by Fall at the latest. Give Briggs Freeman Sotheby’s listing agents J.B Hayes and Ralph Randall a call before it’s snapped up, and while you can still put your personal touch on this phenomenal property.