1963 to 2017

The new owner is Gil J. Besing, Chief Executive Officer and founder of Cardinal Capital Partners, Inc. and a seasoned real estate investor. His wife is Tricia Besing. They currently have a home in Highland Park across from the Dallas Country Club on Saint Andrews Drive. Hexter House, you had a good run.

VIP party guest2

Last Wednesday, we were just starting to feel a bit lighter on the scales after a weekend of eating turkey, or whatever your favorite Thanksgiving indulgence happened to be. Heritage Auctions Luxury Real Estate threw open the doors at 3908 Euclid, the Dallas-based auction house’s next big luxury real estate auction that happens NEXT WEEK! The previews begin this Friday through Monday, from 1 to 5 p.m, at the property.

And where did everyone end up after the presentation? In the DREAM GARAGE!

That’s right, you too can grab the steal deal of the century (and the best garage in Texas) for an exquisitely timeless, modern home on one of Highland Park’s most coveted streets designed by Joe McCall, built by Randy Clowdus, and offered for sale by the folks at Heritage along with Martha and McKamy Tiner from Dave Perry-Miller.

Heritage is the world’s third largest auction house and is a leader in luxury real estate auctions after several recent scores, including the successful sale and closing of 3756 Armstrong Avenue, Highland Park’s famed O’Neil Ford house. It is now the only top tier auction company to offer truly luxury properties through auctions. Utilizing a powerful platform from a client base of more than 900,000 members worldwide, Heritage Auctions specializes in marketing and selling luxury real estate valued at $2 million and above throughout the United States, the Caribbean, and in select international destinations. It is an effective alternative to selling high-end properties in a transparent, competitive bidding environment — all within 60 to 90 days.

True to it’s core business, Heritage also offers a benefit auction at each property prior to sale. Through donated paintings and furniture, funds were raised last week for Jubilee Park, a thriving residential neighborhood in Fair Park, with affordable new housing options for low income residents.

Heritage brought in Joe McCall, of Oglesby Greene Architects, who oversaw the construction of 3908 Euclid. The home is one of the most unique in Dallas. There is a six-car garage split in two, four bays decked out as a professional garage for car collectors and aficionados.

3908 Euclid is not like any other home that has been to auction in Dallas. Frankly, it has no flaws. The home was timelessly built to the most exacting standards by the owners, architect and builder. Though the brick appears to be NorthPark brick, it simply matches the same color.

The home will have an undisclosed (but easily attainable) reserve, the listing price is $6,400,000. It is listed with veteran Dave Perry-Miller agent Martha Tiner and her daughter, McKamy. Get thee to this auction for the bargain of a century!

Oh and one more thing you will not find in any other house in Dallas: a waterproof mailbox! Jump for more party photos!

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3756 Armstrong Ave ext2Just moments ago, in Highland Park, O’Neil Ford’s largest creation in Dallas sold to the highest bidder, a couple, at Heritage Auctions’ very well-orchestrated real estate auction of 3756 Armstrong, which we have written about and followed extensively on this blog.

With about 12 bidders in the house, bidding started at $3 million and the estate sold at $4.950 million (including the 10% buyers premium). The buyer was represented by Allie Beth Allman.

The family story behind 3756 Armstrong is the best. Custom built for a young, attractive Dallas couple who took ownership in 1954, it remains an architectural icon that has been named by Preservation Dallas as one of the major Dallas buildings in danger of destruction:

…the Penson House was designed by O’Neil Ford, and built in 1954 for Jack and Nancy Penson. It is one of Ford’s largest residential projects and was designed in one of his favorite styles, Texas Regionalism. The exterior and interior of the 9,800-square-foot home remains very close to the original design with the exception of a second story addition, a master bath expansion, and enclosure of a rear porch.

I caught up with Read Penson Gendler, who happens to be a neighbor, and asked her about her earlier years growing up in this house, and also how she feels about handing the house off to new owners.

“Our family moved in when I was two,” she told me. “My earliest memories are actually at our first home on McFarlin.  I don’t think I realized the significance of the home until much later.”

She says she grew up with other kids who also had large contemporary homes, some of them larger than her’s. But Armstrong was definitely her parents’ dream house.

“They never talked about moving,” says Read, “both said they would go out of that house feet first.”

Her parents did entertain frequently in 3756 Armstrong, deb parties, teen parties, birthday parties and charitable events. And her children — the Penson’s grandchildren — have fond memories, as well, of going to Nan and granddaddy’s house on holidays, most often swimming in that pool and enjoying a barbecue outside. Just regular family time and fun.

Will the three Penson daughters miss it?

Says Read, who has a beautiful house of her own: “whatever we do with it now will be in our own hearts.”

The home is solidly built and can very well be remodeled. But should the unthinkable happen, is she prepared? Here is what she told her sister.

“Yes,” says Read. “I told my sister, in a way, this is our house and always will be the way our parents built it, and how our family lived there. If someone else tears it down, now, then we will have been the only ones — no one else gets to live there.”

3756 Armstrong Avenue

3756 Armstrong Avenue

3756 Armstrong Ave rear3756 Armstrong in Highland Park goes to auction tomorrow at 2 p.m. They say it was not because they got so very many bidders registered on the Highland Park estate, but because of the incredible quality of the bidders, who have said they want a shot at buying the architecturally significant Penson home that the reserve has been lifted.

“We had a very easily attainable reserve,” says Nate Schar, Director, Luxury Real Estate, Heritage Auctions. “The property is owned by an estate that is being finalized, and the sellers saw it only as an insurance policy against an unlikely series of catastrophic events leading up to auction day, like a financial market crash.”

Based on the incredible interest generated about the estate, from the many stories, and the qualifications of those bidders, the sellers are confident in Heritage’s ability to capture true market value, says Nate.

So that reserve is gone. Adios! The auction takes place at the Armstrong Avenue estate tomorrow at 2:00 p.m. selling to the highest bidder.  (It is NOT TOO LATE to sign up.) The auctioneer will open the bidding and determine the starting number. And things will roll from there.

The home has been listed, as we told you, at a high of $7.5 and then later reduced to the current appraisal of $6.1 million for the land. That means the 8900 square feet of living space created by the grandfather of Texas Modernism is basically FREE.

 Agents tell me they believe the master bath alone holds one million dollars in marble. If you are a mid-century aficionado, this home is your Mothership.

 

Surrounded by trophy properties, such as the estate of Jerry Jones, Troy Aikman, and other Dallas movers and shakers, many wonder why this trophy home with so much architectural significance has not yet sold on the open market. In fact, it is one of a handful of O’Neil Ford creations in our city.

“When it was listed, a lot of buyers didn’t have the vision or expertise to realize they could buy it for lot value,” says Greg Rohan, president of Dallas-based Heritage Auctions. “Then they could spend a couple of million dollars to return it to its original splendor.”

At lot value plus a full restoration, you could end up spending $8 million for a sprawling masterpiece on one of Highland Park’s most prized lots.

At that price, it would be $17 million cheaper than the house across the street.

Thinking of picking up a historical Highland Park bargain? Then get thee to the auction. (more…)

Abbott lot 2

Really, this is one to watch. Let’s make it our bellwether.

I’m not going to argue that it is not a perfect location, the area I would want for my very next dream house: a Highland Park lot that backs to the Katy Trail, walking distance to Knox Henderson restaurants, shopping and fun. That Knox Henderson Starbucks rules. Pottery Barn and Kate Spade oh my! While I think this would be a fabulous place for an empty nester pad, it is in the Highland Park ISD so there you go, great schools and the reason why the lot is nearly $1.5.

Oh and if that isn’t enough to create desire in your heart, you are two houses from Abbott Park. That means tennis courts, a playground and shaded area for kiddos to play. Parents or grandparents’ delight.

At one quarter of an acre plus (.28), build right and you can have a pool — a long, thin lap pool or swim jets. Those smart Booth Brothers builders have all sorts of ideas. The lot is priced for a build-to-suit with these terrific guys.

She’s been on the market since May 13, going on 90 days. Let us watch her. Market said to be cooling, but dirt still flying… or is it? I’m be smitten with this dirt and the location… just trying to wrap my head around how high our terra has actually become. 4822 Abbott. Listed with the best, Ginger Nobles, Susan Baldwin et all at Briggs Freeman Sotheby’s International Realty.

Abbott lot

 

 

3900 Miramar ext

An “O” House is a home so fabulous you have to drop whatever you are doing (yeah, even that) or holding, including your nail file, to look!

Cowboys CEO Stephen Jones, son of Jerry and Gene, and wife Karen Gayle (Hickman), have listed their 10,543 square foot home, simply stunning, on a super desire-able corner lot, to sell with Allie Beth Allman. The price tag is a whopping $11.5 million, the location one of the very best in Highland Park: 3900 Miramar.

The home is  a stately Georgian built in 1996. But don’t let those Potomac River-esque dentils fool you. 3900 Miramar has been updated to the max with the very best of everything. And I love the juxtaposition of classic with clean. Karen Jones’ soft neutral touch in interior decor blows this house up and and out to AT&T Stadium in Arlington in terms of polish.

But before we go into the delicacies of the house, wanted to draw your attention to this little blurb in 24/7 WallStreet, a financial news and opinion site which claims its articles “are republished by many of the largest news sites and portals, including MSN Money, Yahoo! Finance, MarketWatch, Time.com, USAToday, and The Huffington Post.”

I knew of the listing, of course, but had to chuckle when I saw it written up on this site:

3900 Miramar pool area

The house sits in Highland Park, which has a number of multi-million dollar homes. The neighborhood is just north of Dallas, about 25 miles from AT&T Stadium where the Cowboys play. At least Jones does not have a brutal commute.

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Al-Hill-III-House-CU002

Plaintiff David Pickett, trustee of the Albert Hill Trust, has filed a petition to get Al G. Hill III and his wife, Erin Nance Hill, to agree to sell their old Highland Park abode on Bordeaux, or at least talk about it. Seems the house is unoccupied (according to the petition) and has sustained some water damage:

4433 Bordeaux streetview

Photo: Google Streetview

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Photography courtesy of Lisa Stewart Photography

Ashley Stanley, Joanna England, Karen Eubank, Suzanne Felber, and Katherine Rodriguez (Photo: Lisa Stewart Photography)

As a new member of the CandysDirt.com team and a Lifestylist® who loves history and architecture, I was so excited to be included in this CandysDirt.com staff meeting and to have the opportunity to tour one of Dallas most significant modernist homes at 3616 Crescent.

Photography courtesy of Lisa Stewart Photography

Realtors sipped and noshed as they admired the home designed by legendary architect E.G. Hamilton and renovated by bodron+fruit. (Photo: Lisa Stewart Photography)

Staff meetings are open to all in the real estate industry in Dallas as well as buyers and sellers who want to learn more about what we do. (We drink champagne while we listen!) It’s a great opportunity to meet new people and to learn about what makes Dallas such a special place to live, all inside a really great listing.

Photography courtesy of Lisa Stewart Photography

Mil Bodron, principle of bodron+fruit, shared before-and-after photos of 3616 Crescent with listing broker and host Emily Price Carrigan and guests. (Photo: Lisa Stewart Photography)

Learning about 3616 Crescent was the perfect way to finish up a spectacular year. Broker Emily Price Carrigan gave tours of the home and pointed out some of the features that make this place so special — knowing the stories behind the improvements that have been made to the home make it even more fascinating, and she had some great stories to tell!

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