Steve Brown alerted us to word that Andy Beal was making a play for the two most expensive homes in Dallas, Tom and Cinda Cree Hicks’ glorious $100 MILLION Walnut Place, formerly known as the Crespi Estate.
Steve said that Beal is considering both the Crespi Estate (move in with your solid gold tooth-brush ready) and the $46 million Crow estate on Preston Road, which was taken off the market in early November, as I told you. It was reduced from $59.356 million to $46m, not sure Steve got that message. The $46 million Crow estate would likely be a tear down and a huge building project for a Mark Molthan, John Sebastian or one of our guys. Enormous.
But it would be someone’s total personal dream.
So I did some digging. I think Steve is onto something. Sure enough, the Hicks home status is cancelled — off the market. Went off MLS on November 24.
Well, why would they do that if they wanted to sell it, you ask?
Simple: keep the price and transaction quiet. Brilliant strategy.
Allie Beth and David Nichols are being quite mum, of course, but I hear that the Hicks have recently been looking at both Museum Tower and The Ritz Residences (Tower II) for an interim home while they decide how and where to downsize in Dallas. Word is they have to be out of Walnut Place by March. It’s really amazing because Allie Beth and David just got the listing in March!
This is all conjecture and chatter, but comes from people in the know, so I’m going to throw it out there.
After all, Steve started it. And I cannot think of a better way to end 2015, a killer year in Dallas real estate, than with the sale of a $100 million Dallas home! (more…)