Note: This article has been updated with information obtained after first publication.

Concierge Auctions will be auctioning off a Dallas landmark property, the former Crespi Estate now known as Walnut Place, as it was christened by its previous owner, Tom Hicks. The 1938-era, 29,000 square foot estate was commissioned by Count Pio Crespi, built of Indiana limestone by Maurice Fatio, and significantly restored by Mr. and Mrs. Hicks, who acquired the estate in the late 1990s and spent about 16 years and close to $100 million on the near-perfect expansion and remodel.  

Dallas-based banker, financier, investor, businessman, and professional poker player Andy Beal bought the estate almost a year ago from Hicks. The location: primo Preston Hollow. George and Laura Bush are nearby. The address is almost as long as the driveway: 10000 Hollow Way Road.

The auction takes place Dec. 20, with Dec. 19 as a preview day. Allie Beth Allman, who has had the property since March of 2015 when it was listed for $100 million, is the listing agent. It was the owner, she told me, who decided to bring out the auction gavel.

There is no reserve. That means, there is no baseline bid required to begin, such as at, oh, let’s say $20 million.

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Today is the day! Heritage Auctions will be auctioning unit 17B at Dallas’ first residential high-rise, 3525 Turtle Creek, at 2 p.m. It’s the Meyer-designed building with the concrete lattice (brise soleil) next to Vendome. Since 1957, it’s been holding court on Turtle Creek and this year marks its 60th anniversary. After a recent tear of renovation projects and the famous Turtle Room about to reopen from a top-to-bottom restoration, the building has its groove back.

Jon Anderson went into great detail about this particular unit earlier this month. It’s a fantastic opportunity for the renovation-minded buyer who wants an enormous high-rise perch for a very good price. 

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On November 15, Heritage Auctions will be auctioning unit 17B at Dallas’ first residential high-rise, 3525 Turtle Creek.  It’s the Meyer-designed building with the concrete lattice (brise soleil) next to Vendome.  Since 1957, it’s been holding court on Turtle Creek and this year marks its 60th anniversary. After a recent tear of renovation projects and the famous Turtle Room about to reopen from a top-to-bottom restoration, the building has its groove back.

Of course there’s a story behind 17B, so whip up a hot cocoa and tuck yourself in …

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The historic H.L. Forbes home is one of two properties the First United Methodist Church in Grapevine is taking bids on.

If you’ve always loved the shopping and dining in downtown Grapevine, a local church is unloading two historic homes within walking distance to raise funds.

First United Methodist Church in Grapevine announced this month that it would take bids on the historic H.L. Forbes house and the J.K. Buckner house. Both are on College Street, and both have been used by the church for offices and meeting space, and as a thrift shop, respectively. (more…)

Yes, there are a proliferation of fabulous real estate auctions coming up, including our very own CandysDirt.com Staff Party TONIGHT in Vaquero, at the 8,923 square foot estate of Swarovski heiress Vanessa Swarovski. Vanessa was formerly married to MLB player Jorge Piedra, but she got the house. Her 1.7-acre estate has six-bedrooms and nine-bathrooms at 2208 Vaquero Estates Blvd. in Westlake. The home, exquisite and oh so polished, will be sold at an absolute auction, without reserve, to the highest bidder on June 30. (CandysDirt.com will have full coverage.) This is the very first home to be auctioned in Vaquero, home to countless sports stars and celebrities, including Glenn Beck who once leased 2208 Vaquero Estates Blvd when he was house hunting in North Texas. This home, in fact, led him to buy his current home (really two lots) from golfer Brandt Jobe, one inside Vaquero, one outside. I dare not tell you where.

Vanessa is, of course, heiress to the famed Austrian crystal company, Swarovski. The auction is being conducted by Florida-based Elite Auctions, one of the nation’s fastest growing real estate auction companies. In fact, we are working on an update to our original Real Estate Auctions 101. Do come tonight, and do RSVP.

Champs d’Or is up for auction again. and so is Mariposa del Lago! (more…)

Ranchero Jim Duns

James & Betty Muns with Jan Richey of Keller Williams

The original owners of 3420 Ranchero, the mega Plano mansion that will be auctioned tomorrow at 2 o’clock p.m. sharp, stopped by one of the preview events at the home over the weekend.

Here is James Muns,  a former mayor and the developer of El Rancho Estates back in the early 1970’s. He built the home that the second owner is now selling.

Fun fact: Jim built the dock/gazebo that sits on the pond of this incredible property. Family members and friends were married there over the years! Oh the parties… if dirt could talk!

The home will be auctioned off Tuesday afternoon, at 2:00 p.m. The property was last listed for $4,249,500 and the very motivated seller has agreed to sell this property at $2.4, which is now the minimum bid for the estate.

3420 Ranchero aerial

Let me tell you why Tuesday’s auction of 3420 Ranchero in the honeypot of Plano is so very important: dirt. This area is the estate haven of Plano, equivalent to the honeypot of Old Preston Hollow in Dallas, or Hunters Glen in Highland Park. And the property can be had for less than its Collin County appraisal!

In the early 1970’s, as the town of Plano, Texas was just opening its sleepy eyes, James Muns and Don Dilmore developed Ranchero Country Estates. There were to be 19 properties on two meandering country roads, Ranchero and Rambling Way. On Ranchero, the property plots measured from 2 to 4.62 acres, and five properties were carved out on Rambling Road, all measuring from 1.92 to 2.33 acres.

The area is literally in the heart of Plano, off Parker Road, between the Tollway and Preston. The lots are gigantic, wooded, with tanks and ponds and natural surroundings that lure you into believing you are in the country, especially at night. For his own home, Muns chose a 4.62 acre parcel with the very, very best view of the sparkling pond.

3420 Ranchero kitchen (more…)

3420 Ranchero aerial

We told you earlier about our fun staff party Tuesday afternoon, from two to five p.m., up at 3420 Ranchero in Plano, where we will celebrate the house and give everyone a taste of the exciting auction coming up on March 14. I wanted to make sure you know this Staff Party is a daytime Staff Party, and tell you a little more about this property up for auction:

Nate Schar with Heritage Auction real estate division informed me late today that the very motivated seller has agreed to sell this property at $2.4, which is now the minimum bid for the estate. Keep in mind that the Collin County Appraisal District says this home is worth $2.6. So the seller is willing to let it go for below the  county’s appraised value. That is huge. I mean, the seller just paid taxes based on $2.6. He simply is ready to move to the west coast, kind of a reverse-migration of what we are seeing here in North Texas, especially in the Billion Dollar Mile.

“The reality is we have someone who wants to sell this home,” says Nate.

3420 Ranchero kitchen
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