It’s not news to us, but for reasons that longtime followers will remember, we’re happy that Steve Brown finally broke the news of the Malouf estate sale on Strait Lane selling to Dallas developer extraordinaire Mehrdad Moayedi’s Crescent Estates Custom Homes. The 4.3-acre Strait Lane estate which was , as Candy told us so long ago, actually two estates knitted together creating 37,000 square feet of mansion space with 10 bedrooms, 22 bathrooms (oh the Tidy Bowl!), 10 living areas and four dining areas. It has a 10-car garage, two basketball courts, a tennis court, a gymnasium and a bowling alley.
And, of course, a waterpark complete with lazy river.
As we know, Mehrdad also bought the Crespi Estate on Walnut Hill Lane, where he sold the main house to one of the Cox family members and is developing the property surrounding it into luxurious estate homes, three already underway.
Also of note: Candy says Mehrdad has purchased and flipped a number of homes on Strait Lane, including one once owned by Phil Romano. He apparently plans to do the same with 10711 Strait Lane after a little sprucing. Oh and the new owners are keeping the waterpark, absolutely!
As you may know, Candy has a little bit of history with the sellers, so when we found out that a buyer might be found for the estate complete with backyard waterpark once listed for $32 million (in 2017), we were happy to sit on our hands and let Steve do the talking.
And once Mehrdad’s name is on the title, we’ll have a walk-through: Brad Ollerman has promised. Let’s look at all the agents who tried to sell this iconic Dallas property with it’s own real waterpark in the backyard, just like Celine Dion’s. Really, it’s kind of cool. How many cities can boast they have homes with waterparks in the backyard? What did buyers say when they saw the waterpark? The home was first listed for $32 million. We spoke with the last agent who listed this home, and almost got it sold, the wonderful Roxanne Taylor of Engel & Voelkers.