When the Walnut Place Estate — the former Crespi Estate — sold at auction last year, it went for a record $36.2 million, and to a familiar buyer — Dallas developer Mehrdad Moayedi. Word came this week that Moayedi has finished up some renovations, and has put it back on the market for a cool $38.5 million.
The Dallas Business Journal has details of the listing, which is not on MLS. Allie Beth Allman and Kyle Crews have the listing for the 28,000-square-foot, 10-bedroom, 12-bath mansion that was once listed for a whopping $135 million.
The mansion was home to former Dallas Stars and Texas Rangers owner Tom Hicks, before he sold to Andy Beal, who then put it up for auction with Concierge Auctions, which led to Moayedi’s opportunity to snap up the property.