8600 Douglas Exterior

If Preston Hollowers felt a disturbance in The Force in June, it was likely the transfer of the latest Preston Hollow estate near Northwest Highway and Preston Road to Mark Cuban.  The billionaire continues his crusade to own the entire northwest quadrant of that intersection.

The property at 8600 Douglas Avenue is the former home of Dallas personal injury attorney Andrew Sommerman.  It was last listed for sale at $4.25 million by Dave Perry-Miller’s Gianna Cerullo.  The home was sold on June 3 for $4.15 million. Ever accurate, DCAD values the home at just $2.813 million after a 5.5 percent rise in 2016, its first since construction. The buyer’s agent was a non-MLS member, likely an attorney.

The 7,169-square-foot David Stocker-designed home (and quarters … and tennis court) was built in 2013 by Tatum Brown and contains four bedrooms and four full baths plus two half baths.  It sits on a 1.76 acre lot.

Shortly after the deed transfer, the home was relisted by Cerullo as a rental for the princely sum of $22,000 per month.  Truthfully, I was going to automatically write that this was the most expensive rental in Dallas because … it just had to be, right? Nope. Checking the MLS, I see it’s only the second most expensive rental in town, falling $500 per month behind 5138 Deloache’s $22,500 per month … one of three rentals currently in the $20K-plus-per-month club.

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Ritz lease exteriorWouldn’t you just love to have an address that says, “Ritz” without actually OWNING it? Talk about the $30,000 Millionaire! Maybe there is one, maybe there are two, but there are no more units at the chi chi Residences at the Ritz-Carlton Dallas available for lease. That’s why you want to walk, not run, in your best $200 Nikes to catch this unit #904, a one-bedroom, one and a half bath on floor nine that has a twin in the same building: the stunning red and black decked out Carleton Varney suite. (more…)