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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For those of you who love and adore Highland Park as much as we do, you’ll appreciate this week’s Splurge vs Steal. We are looking at two exquisite Highland Park estates, one a splurge and the other a steal — ahem, relatively speaking. Both offer a terrific location on larger lots, in the Tudor style we love, but with list prices that are miles apart. Let’s take a look and see what makes each home worth it!

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