Dallas developer Mehrdad Moayedi today purchased Dallas’ biggest and most expensive home, the former Thomas O. Hicks estate on Walnut Hill Lane, that Dallas billionaire Andy Beal bought in January of last year and decided to sell almost as soon as the ink was dry on the contract.

The estate was at one point the most expensive home in the U.S. It was listed, at one time, for $135 million with Douglas Newby, but was not in MLS. Allie Beth Allman got the listing in March of 2015 and has had it ever since with a listing price of $100 million. The asking price was lowered to $48.9 million earlier this year.

Concierge Auctions was called in last month to liquidate the property without reserve. The home was advertised everywhere, on every continent. Eight people registered to bid on the estate, but Mehrdad got the winning bid, working from his home in Aspen.

There was huge speculation on how much the estate would sell for.

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David Gloria is the Ebby Halliday agent who is listing Chateau Montclair, aka Deion Sanders’ old digs and huge spread in Prosper, the place nobody can miss when driving north on Preston Road.

CandysDirt.com is sponsoring a Staff Party there on Wednesday, December 6, from 4 to 8 p.m.

Except that now, with all the development that has sprung up around the estate, you actually might miss it. 

“There has been so much change up there, even from the time you were up, Candy,” Gloria told me. “There is now a luxury gated community of 25 prime lots ready for development and four spec estates, with three to four foundations being poured this week. They all surround the most famous house in Collin County.”

“Princeton, Prosper and Celina are totally exploding,” says Gloria. “Years ago, I would take my clients who wanted a solid investment to these areas to buy. Now, we are seeing it all come to fruition.”

So, this may be your last chance to see Deion’s old place before the auction and get a steal of a deal before the holidays.
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Late today Concierge Auction released a statement from Walnut Place owner Andy Beal, who has decided to place the most expensive estate home in Dallas up for auction. Could this set a new standard of selling mammoth estate properties?

“It’s an incredible property by all standards,” stated current owner Andy Beal, a Dallas banker, investor, and philanthropist. “With their unique sales process and proven track record, Concierge Auctions has my full confidence that this is the best way to showcase this one-of-a-kind property on a global scale.”

That’s what he said.

I have been telling you that auctions are a tool in the real estate tool box that seem to be getting more attention, especially for the larger, hugely specialized “someone else’s dream” properties. (more…)

I received word today from the great folks at Concierge Auctions that Deion Sander’s former spread on almost 6 acres up in Prosper — you know it —  is going to auction on Wednesday, December 13, 2017. There is no reserve. The home went to auction previously, and almost sold for just under $4 million, but the deal fell through. Happens. It was sold shortly after. Naturally, the owners want to see bids starting in the one or two millions, the higher, the better, as they will be selling the aforementioned property to the highest bidder.  The home at 1400 Copper Point Drive, has been on the market for $12.75 million, is now asking $14,500,000.

I mean, you do understand, right? The famed Sanders home with that turn-table in the master, huge round bed, a closet bigger than Rhode Island and a barber shop, basketball court and bowling alley, 14 car garage, screening room and 12 acre lake, could be picked up for $2 million or less in time for Christmas!

“Starting this Thursday, November 15th, we will be holding the open house every day from 1-4 p.m,” says Concierge project sales manager Jodi Fillmore, who came to Dallas all the way from Ketchum, Idaho, to sell the famous sprawling palace. She is working with Ebby Halliday agent David Gloria, one of the best agents around. You know what’s proof of a good agent? When he does everything possible to sell a property. EVERYTHING. Now, after three years, David thinks an auction may bring out a buyer.

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Steve Brown breaks news that the residence of Sam Wyly at 3905 Beverly Drive has sold, listing agent — oh, I’ll give you three guesses. Starts with an A- then B then A: Allie Beth Allman. The home has only been listed since June 28th of this year, and had been owned by the Wyly’s since Sam bought it in 1965 for $160,000.

The home was appraised by the Dallas County Appraisal District at $9,027,500, but was listed for $12.5 million and never reduced in price.

It sold November 3 for $9,400,000. Steve says the buyer is a trust represented by Dallas mergers and acquisitions attorney Brian Lidji. And apparently someone will live in the home: it will not be torn down, or at least that is what they told Steve.

3905 Beverly was originally built in 1924 for Dallas business man Fred Schoellkopf, whose family was one of Dallas’ original founding business barons. 

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In 1962, Jed Clampett and family moved from the Ozarks to Beverly Hills after oil was discovered on their land.  So started one of the most endearing television sagas of all time lasting nine seasons and 274 episodes.  In truth, the Kirkeby Mansion was built in 1933 by Arnold Kirkeby who built a chain of 16 upscale hotels. His first property was Chicago’s Drake Hotel and also included the Beverly Wilshire in Beverly Hills.  The architect was Sumner Spaulding and has an 18th-century French Neoclassical design ethos. Other movies using the mansion include Mame and Cinderfella.

Mrs. Kirkeby was paid $500 per day for exterior filming along with a provision the grounds be returned to their original state after filming.  The interior shots were filmed on a soundstage and, as is often the case, bear little resemblance to the actual interior of the home.  Mr. Kirkeby was killed in a plane crash before the series began so never experienced the fame his home would achieve on television.

Load up the truck and move over to SecondShelters.com for more.

I swear, every time I walk into a unit at the Stoneleigh Residences, I think I have seen the most beautiful condo in Dallas. It just gets better every time.

But this time, I actually may have seen the best home here ever, and it belongs to a very tall sports legend.

Dallas Mavericks head basketball coach Rick Carlisle and his wife, Donna Carlisle, are selling a scrumptious home on the 15th floor. With three bedrooms, three full en suite and one half bath, formals and huge den you get a whopping 3948 square feet of sky-high living which is, frankly, perfect: not so high the vertigo sets in, but high enough to get a stunning 360 degree view of Dallas from the Gold Towers on Central all the way to Downtown and the bridges southward.

And it has been decked out in transitional sophisticate, so light, airy and perfect it reminds me of a free throw. Seriously, this is move-in while they are moving-out ready: the concierge will bring your toothbrush.

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Lance Armstrong ext Austin

It was about this time last year that Shonda Novak of the Austin American-Statesman first reported that former cycling champion Lance Armstrong listed his house in West Austin for sale. The price tag was $8.25 million for the 8,000-square-foot property which he bought in 2013.

The house is exquisite. 1706 Windsor Road, in the Old Enfield neighborhood, was built in 1924 and previously owned by Ben Barnes, a former Texas lieutenant governor, says Shonda, but it has been completely remodeled in a manner that retains every bit of charm but brings it fully into the 22nd century. It was remodeled by RWM Designs and was constructed by Michael Deane Homes. The property is a fantastic blend of original charm, modern amenities and timeless design. The Travis Central Appraisal District has the 8,157-square-foot house valued at $2,429,018 million. It is similar in tone to the Spanish Colonial-style mansion he sold in 2013, though the land mass is much smaller: .41 acres versus 1.7. This is the estate Lance told Architectural Digest he would never leave:

He pauses. “When their mom and I split, the kids and I moved around a bunch. But that’s over. This time I said, ‘You will graduate from high school in this house. I promise. Dad’s not moving again.”

That home was highly personalized with an emphasis on casual, family enjoyment. (Armstrong has said he doesn’t find much use for a formal living room.) Lance let each one of his children decorate their own rooms, down to the painted dinosaurs on his (then) five year old’s bedrooms walls. According to the AD article, Armstrong hired Roy W. Materanek, his “partner-in-design-crime since 1995, when the pair worked together on Armstrong’s first house (following up with homes in Spain and New York, a Texas ranch and a getaway in the Bahamas. He also has a home in Hawaii).

Armstrong moved into the Old Enfield neighborhood in 2013. He and his agent, Laura Gottesman, have now reduced the price on the Windsor Road masterpiece to $7.9 million. The listing detail does not give out the address of the home. Last year, Gottesman pulled the listing from its website after the American-Statesman reported on it.

Lance A foyer (more…)