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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Highland Park Tudor 4312 Arcady Ave 1

“They don’t make them like this anymore,” Teffy Jacobs said.

Jacobs is Vice President of Doris Jacobs Real Estate with Allie Beth Allman, and she’s right. You seldom find a home that looks like the photography team from Architectural Digest just walked out the front door. This stunning Highland Park Tudor at 4312 Arcady Ave. is what we call a showstopper. (more…)