$28.5M in Old Preston Hollow: Where Presidents Once Dined and Parties Lasted Late

For this week’s Monday Morning Millionaire, I’m stepping into Karen Eubank’s shoes with a house I’ve actually been inside — though not in the usual reporter way. In 2022, 4606 Park Lane wasn’t on the market; it was on the estate-sale circuit. Dallas treasure hunters lined up to peek inside the late Cary Maguire’s home — a house that, until then, had mostly been reserved for private dinners, political donors, and high-profile guests of the oil tycoon and philanthropist.

Both George Bushes once stepped foot inside this house, and so did I — just without the Secret Service entourage.

The Maguire estate sale was memorable for the things you don’t forget: His-and-hers closets brimming with couture. Nude sculptures created by Maguire himself. Contemporary mosaics and presidential china, including three plates from Benjamin Harrison’s 1892 Tressemanes & Vogt pattern.

Walking those paneled halls, I found myself picturing the rooms full — the banquet hall heavy with conversation, the conservatory sparkling under glass as guests drifted in and out. What dress matched which dinner? What songs played under those vaulted ceilings? The objects begged the questions; the house suggested the answers.

Now the property is on the market for $28.5 million. Set on roughly 3.2 acres in Old Preston Hollow, the 20,928-square-foot estate carries many of the formal elements that made it a Dallas fixture: a checkerboard-marble entry that announces the scale, a Great Room with a 23-foot ceiling, a barrel-vaulted banquet hall meant for grand hosting, and a glass-ceilinged conservatory that reads like an indoor garden room.

If the home’s public rooms are theatrical, the listing’s service and private spaces are practical for luxury home buyers. The completely updated chef’s kitchen is paired with a separate butler’s kitchen; there’s a temperature-controlled wine room and a library designed for quiet refuge. The primary wing is a private suite: a bedroom with a Jamb fireplace that opens onto a glass oval sitting room, a sculptural brass tub in the showpiece bath, a dry sauna, and a two-room dressing suite with a private glam room for couture collections.

Upstairs, accessed by grand staircase or private elevator, you’ll find three other bedroom suites, a loft, and purpose-built spaces including a pilates studio. Outside, gaslit pathways, a four-car garage, and a private gym round out the estate footprint.

Architecturally, the house carries the pedigree of Jack Hemphill with later additions by Overton Shelmire — bones that give the house its presence. Even without the art, the artifacts, and energy of the Maguire era, the spaces show closer to their original form than to a full-scale renovation that erases the home’s past. — and that, too, is part of the story.

The property’s past life matters here. This was a house that hosted notable guests and civic gatherings; the objects that circulated through it made headlines long before the listing did. Today, it sits quieter, a storied estate offered to the next owner who wants both the legacy and the latitude to make it theirs.

This stretch of Old Preston Hollow has hosted presidents, prime ministers, and some of Dallas’s most prominent names. Margaret Thatcher visited in 1993, and Gerald Ford and George Bushes — father and son — toured Maguire’s private collection of presidential memorabilia. The estate was a setting for gatherings that blended politics, philanthropy, and society at the highest levels.

But if you want to imagine one more evening under those vaulted ceilings, go ahead: set the table, cue the music, and try on your favorite dress. This house remembers how to host.

Faisal Halum of Compass RE Texas has listed 4606 Park Lane for $28.5 million.