crespiWhen 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.

When Moayedi bought the home, Candy had details(more…)

Dubbed the “White House of Dallas,” 10777 Strait Lane is an iconic estate in Preston Hollow. Diane and Becky Gruber of Dave Perry-Miller Real Estate just sold the 3.3-acre property that was listed for $10.9 million.

Update 5/15: We’ve Been Silenced!

Update 7pm: Selling price was $_____ or $______ per square foot! 

Huge news for the Dallas luxury real estate market! The “White House of Dallas” has long been one of our luxury listings to watch. Listed by Dave Perry-Miller Real Estate’s Diane and Becky Gruber, this 16,041-square foot estate on 3.3 acres now has a new owner. The Grubers listed 10777 Strait Lane for $10.9 million

Diane and Becky Gruber

“We put the house on the market last summer and had quite a bit of interest,” says Becky Gruber. “The buyer saw it online and flew into town to see it in February. It went under contract shortly thereafter.”

The home has quite the lineage, as we’ve spilled before. Here’s what Candy had to say about the home back in 2014:

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Dallas Luxury Real Estate

Kathy Myers and Lacy Schultz recently sold the Volk Estates residence of Trevor and Jan Rees-Jones

From Staff Reports

Update, 6:00 pm: Yes, we know this is the beautiful home of Trevor and Jan Rees-Jones, who have amassed a swath of properties, more like a compound, really,  in Highland Park not too far from this listing. They also sold their penthouse at the Ritz. We are working on getting you the vitals, like selling price (hint hint: the home is valued in DCAD at $13,500,000) and the buyers. Cheers!

If 2017 seemed to be a “wait-and-see” year for luxury buyers in the $10 million-and-up range, 2018 is proving to be an “all-in” year. Case in point: Last week’s off-market sale of 6700 Turtle Creek Boulevard.

Kathy Myers and Lacy Schultz of Dave Perry-Miller Real Estate were the listing agents for this impeccable 1.7-acre Volk Estates property that had been on the market for $15.9 million, and sold for an undisclosed amount.

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Hill Country Contemporary 5531 Boca Raton Dr 1

Once in a while we see a house and think, wow, it checks every single box a buyer wants. This Hill Country contemporary at 5531 Boca Raton is a great example of getting it absolutely right.

Hunter Dehn and Laura Baynham of The Hunter Dehn Group  just listed this 4,253-square-foot home in Inwood Road Estates for $1.395 million. If you’re unfamiliar with the area, it’s right across the Dallas North Tollway from The Lamplighter School and The Hockaday School. You can also be downtown in minutes — talk about a great location.

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One Perfect Room

The Library: One Perfect Room

[Editor’s Note: The penthouse unit perched atop the Ritz Residences has been in headlines recently, and Jon just showed off the unit of the penthouse buyers, also in the Ritz and marketed by the one and only Sharon Quist. We reported on the former home of billionaire Trevor Rees-Jones on Aug. 28 of last year. Get all of the details on this incredible mansion in the sky right here.]

“Ritz” has been transformed from name to noun by the opulence found in César Ritz and Auguste Escoffier’s Hôtel Ritz on the Place Vendôme since 1898 in Paris. The world has changed as lot since then, but Ritz is still a brand associated with timeless opulence, something we can see today in Penthouse 2200 at Dallas’ Ritz Residences. Neighbor and Realtor Sharon Quist and Kathy Myers of Dave Perry Miller are the agents skilled enough to market this incredible penthouse owned by billionaire Trevor Rees-Jones.

* The word “penthouse” traces its lineage back to the French “apentiz” of the 1520s, meaning to append or hang against. Literally a house that was appended to another structure. The English Middle-English-ized the word to “pentis.” (so 500-years later, together with Freud, I could pull off my double entendre title!)

By now, you know me. When looking around most homes, I tend to see projects. You know, those nagging, “Oh no they di’int” moments. Not this time. In this $8.5-million penthouse, my pickiness has met its match.

The library (pictured above) is one example of how to create a perfect room. Far from the largest room in this 5,666-square-foot home, the library oozes comfort and peace wrapped in killer views of the Dallas skyline with terrace access. Some would say my testosterone is talking. And I suppose with its wood-paneled walls and ceiling, it’s a tad more butch than the “Hers” master bath. However, with an amazing use of lighting, it’s far from the oppressive, dark, Chesterfield-lined smoking-hall that’s such a stereotypical turn-off to the ladies. Add a fridge and a toilet and I’d move in.

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Ritz Unit 1802 Entry (Near right door leads to powder room. Far left, a coat closet)

Ritz Unit 1802 Entry (Near right door leads to powder room. Far left, a coat closet)

Just as in Scrabble, where the two highest-point tiles are Q and Z, buyers talking to Sharon Quist about the Ritz Residences also score big. Quist, along with co-listing agent Kathy Myers, is fresh off her record-breaking sale of the Trevor Rees-Jones Ritz penthouse, last listed at $7.5 million.  Quist was not only co-lister but buyer’s agent on the deal. At over $1,200 per square foot, it’s the highest price paid for ANY condo listed in the Dallas MLS … EVER.  That’s how you roll when you’re “Sharon of the Ritz.”

Who’s the new owner of the penthouse?  A neighbor.  It’s what I’ve been telling you all along, if you’re a happy high-riser, you often just bounce around your building like pinballs until you’re happy or die. Quist herself is already on her second Ritz home.

But now that the penthouse has sold and the resulting thunder of champagne corks has died down, Quist has a new listing to tempt us.

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3756 Armstrong Avenue

3756 Armstrong Avenue

We all know that anything under $1 million is flying off the MLS faster than a Cabbage Patch Kid in the 1980s. In the $1 million-plus market, homes are still flying off the shelves like Cabbage Patch Kids … in 2016.

Sure they’re still selling, but no one is getting trampled. This sentiment was echoed recently at the National Association of Real Estate Editor’s conference by journalists nationwide.

To me this means that if you’ve got the means to buy in the luxury market, there are some bargains to bag. Here are two.

3756 Armstrong Avenue

I toured this home recently with listing agent Ben Jones from Briggs Freeman Sotheby’s. This is a large home with a long and swanky past.  Designed and built in 1954 by O’Neil Ford, one of Texas’ most influential 20th century architects, this home is just cool … and a bit frightening.

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GV19Covers_blog960x406a

Nothing is better to do in spring than lay by the pool with a stack of really great reading. And if you love houses, don’t miss the spring 2016 edition of Grand Vie: Luxury in Living magazine recently mailed to homes across the Dallas-Fort Worth area. Grand Vie is the luxury-home publication of Ebby Halliday Realtors and the newest member of the Ebby Halliday Companies, Fort Worth-based Williams Trew Real Estate.

The bound publication is direct-mailed to approximately 60,000 high-net-worth households in Dallas, Collin, Rockwall and Tarrant counties. Charity and event placement is also a significant part of the Grand Vie distribution strategy – placing luxury homes listed by Ebby Halliday and Williams Trew in front of North Texas’ most prime luxury home buying audience. (more…)