Here’s a little newsflash: Mehrdad Moayedi, the John Paulson of Dallas real estate development, has bought up the remaining lots in the Creeks of Preston Hollow. Where he lives. I probably should use that as a headline sometime, so don’t be surprised if I do. You know Mehrdad — I think he owns more development land in this state than any other developer. He bought the Stoneleigh out of bankruptcy, and that place is cooking — Don Carter bought a penthouse over there after he sold his Highland Park home. Mehrdad lives in the Creeks, which was developed by Hillwood, and is really the perfect neighborhood for intelligent, tasteful, high net worth people who want privacy and are smart enough to know they need a gated community to get it. You cannot build, say, a Taj Mahal on Royal Lane and then think no one’s going to see it or be curious about it.
Anyhow, I present 10731 Bridge Hollow, a masterpiece of construction and design. It was a masterpiece when I toured this home under construction, as I did most of the homes there — Mark Molthan built the Luxe Showcase home on Elm Hollow, Calais built a home or two, has a lot ready to go, Mehrdad’s home, Hunter and Kandi Mahan have another Mark Molthan masterpiece, and that’s about it. About ten or so of 17 parcels still remain in the 22-acre North Dallas nook, which is framed on three sides by a stone privacy wall, by a tree-lined rock bed creek on the fourth that NO ONE is crossing. I think The Creeks is going to explode because it’s the last place in west Preston Hollow (or whatever you call it, the estate area) where you can get minimum one acre lots in a truly secluded, secure, private environment with a guard/concierge at the gatehouse. Allie Beth agent Ira Archer, who is marketing a lot over there, has told me he thinks The Creeks of Preston Hollow is the absolute last bit of acreage available in this part of town without mowing anything down!
I will be posting a history of The Creeks of Preston Hollow shortly. Want to focus on this home, which is now the only completed property behind those secure gates available for sale. Located next door to Hunter Mahan on a lusciously large 1.18 acres, this home has been upgraded and improved by the current owner. I have to be honest, when I first heard that the owner, who happens to be the CEO and Chairman of the Board of Middleby Marshall, Inc., which owns Viking USA, improved the home, I thought, how could you improve it? Middleby bought the Greenwood, Mississippi-based stove and appliance company and vows to bring the anemic luxury appliance company back to double-digit growth. His vision includes Jetsons-esque appliances that will boil water in 15 seconds. a smart-phone stove app, perhaps an oven that doubles as a refrigerator.
Really! I thought Vikings were already perfect?
Very similar thing here with 10731 Bridge Hollow Court. For the Santa Barbara look, the original builder, Geoffrey Grant, went in with pillow-cut limestone everywhere, and I do mean everywhere: steps, even the lower level laundry room. Where there is no limestone there is wide-planked hardwoods. The current owner opened up the exterior walls, creating windows and natural light in several areas including the master bedroom vestibule and the master shower. The effect now is a Calistoga-ranch showering experience, as if you are bathing outdoors. In the kitchen, he moved the original refrigerator to a more utilitarian location and created a beautiful built-in. Of course that fridge hogs a wall, a double Sub-Zero with microwave and drawers in between the freezer and fridge. The caterer’s kitchen is loaded with the latest kitchen toys — ovens, dishwasher, warming drawers. To say there are ovens everywhere is an understatement. The kitchen has a Turbo Chef commercial oven that cooks a frozen turkey in 45 minutes, Wolf ovens (whoops, no Viking?), and then not one but two outdoor kitchens. The first is strategically located off the garage, with a entry into the caterer’s kitchen area. In other words, this is where the caterers will hang out and prepare everything so smoke and odors will be controlled, your guests can enjoy the backyard. There is a second outside kitchen with a brick pizza oven AND convection oven on the far end of the infinity pool, near the pool pavillion, overlooking the creek. This area has a fireplace and provides a great additional outdoor entertaining room that has cover.
By the way, this is the Chicago-based Bassoul’s second home, and while they use it frequently for entertaining, it really looks brand-new.
The home has 6 bedrooms, 8 full and two half baths, formals, family room, game room, study, media room on the lower level with the wine cellar, exercise room, steam shower and media room which is actually a theater. There are 12,842 square feet total. And not to worry about getting up or down — there is an elevator.
The home has delectable design touches and details. For example, there is a large Butler’s pantry off the dining room (from whence you could serve drinks), a bar on the northern wing of the house, and gleaming near surgical grade stainless steel counters in the catering kitchen. The split master bath is an environment with huge separate shower and the soaking jetted tub. Her bathroom is so spacious, there is even a twin-bed-sized couch near the tub. All the windows and glass doors are by Crittal, counters are rare Italian Stone.
The home sold back in it’s more unfinished state for about five million dollars in June, 2010. Now, with the Oven King at the helm, coupled with starchitect work by Stocker Hoesterey Montenegro Architects, and Neil Stewart Interiors for the interiors, the asking is $6,900,000. It’s listed with the darling, vivacious Terri Cox at Allie Beth Allman. Allie Beth herself will be helping the team market the rest of the available properties. And oh I do know Inwood Mortgage would be happy to exercise their construction loan prowess and speed on any of those lots, or a nice jumbo on this winner.