So it was that very first asset purchase of apartments in Waco, Texas, little old Waco, that ultimately landed Beal the keys to the two most expensive homes in Dallas.
Looking at my most favorite site in the whole wide world, the Dallas Central Appraisal District — you know I scan it 24/7 — I see that the estate of the late Margaret Crow at 4500 Preston Road has changed ownership. It is now owned by “The Trust,” which has an address of 6000 Legacy Drive. The deed transfer took place on February 26, last month.
6000 Legacy Drive? Why, that’s the corporate offices of Beal Bank! As in Andy Beal, the wealthiest man in Dallas according to Forbes. The billionaire who just snapped up the Hicks estate, the most expensive home in Dallas and likely Texas. I had been told he was shopping both properties and, just like when I cannot choose between two pairs of Jimmy Choos or Louboutins, I think Beal just bought BOTH of them! Two of the most amazing properties in Dallas!
The appraised value of the Crow home, which had been listed with Allie Beth Allman, is $24,265,480. The listing expired November 17, 2015. Last asking price was $46,000,000 for 6.13 acres in the prime part of Highland Park, with a 9500 plus square foot home of the utmost elegance.
In January, Andy Beal bought the $100 million priced Hicks-Crespi-Walnut Place estate at 10000 Hollow Way Road. The Hicks property is now owned by “The Daria Drive Trust” under the name of Jacob Cherner, founder and chief executive at CSG Investments at… 6000 Legacy Drive in Plano. The appraised value of the former Hicks estate, by the way, is now $41,274,000 on the 20 acre plot of land, then $3,082,500 on 2.466 acres. Which means Beal likely did not pay $100,000,000 for the whole estate (are those enough zeros?).
I LOVE the way this man buys dirt!