Mariposa del Lago | Fort Worth, TX | Luxury Real Estate

Mariposa del Lago | Fort Worth, TX | Luxury Real Estate

I had heard this was coming down the pike. The price is very interesting. You may recall that last fall, Fort Worth billionaire John Goff, a self-made man, and founder and CEO of Crescent Real Estate Holdings, and his wife Cami, were all set to sell their super fantastic lake property at Eagle Mountain Lake at auction October 8. There was TONS of publicity. As soon as we broke the story, Candace Carlisle over at the DBJ, wrote about it, and even asked Mr. Goff if he was “sad” to be selling the compound:

Are you sad to be auctioning off your Eagle Mountain lake house? It is sad. We love the property and we had so many good times there. We decided to go this auction process because it’s sometimes hard to bring attention to a property that’s not in an inner city and is in a destination like that. We have successfully used this auction process in some of our business ventures when we have had second homes we developed and so we decided to try it and it’s bittersweet. We are adding on and renovating a place in Fort Worth. We are just long on houses.

How many houses do you have? I’d rather not say. We have homes in Cabo and Colorado and we travel a lot.

Mariposa del Lago | Fort Worth, TX | Luxury Real Estate

The lake estate was listed with Kyle Crews and Daylon Pereira of Allie Beth Allman, and the auction was commanded by the sharp, busy folks at Concierge Auctions, based in Austin.

There was TONS of interest, too, not to mention at least four registered bidders, which is pretty darn amazing for a property said to have $8 million or more in it. A pre-emptive offer on the gorgeous retreat came in 24 hours before the auction was set to begin. So the agents and Concierge folks decided to work that offer, and postpone the auction.  The gated retreat, known as Mariposa del Lago, or “Butterfly of the Lake,” (based on the tremendous number of monarch butterfly migration patterns on the grounds each year) has been the Goff’s central family retreat for the couples’ five children since 2001.

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John Goff

Really great interview of John Goff by Candace Carlisle of the DBJ here — she grabbed a drink at the Ritz (Ritzy!) with Crescent chairman and CEO after touring that stunning new 20-story,  530,000-square-foot office and retail tower going up across the street from the Ritz at McKinney and Olive. Goff says it’s “very “sexy,” and will bring a whole new level of office product to Uptown. The only thing I wished she would have asked him, is how he felt about losing his mentor, Richard Rainwater. Otherwise, she poked a lot and got some great news, including a question about the Eagle Mountain lake property where the auction was recently called off.

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Mariposa del Lago | Fort Worth, TX | Luxury Real Estate

They got a pre-emptive offer! No kidding! The Goff’s auction was set to take place last Thursday, and there was TONS of interest, not to mention four registered bidders. But a pre-emptive offer on the gorgeous retreat named “Mariposa” came in 24 hours before the auction was set to begin. So the agents decided to work that offer and postpone the auction. What with all that marketing, and this great video, no wonder. I drove out to Mariposa on October 1 for a lovely pizza and wine event with Kyle Crews and Allie Beth Allman and people were crawling all over the place. The gated retreat, known as Mariposa del Lago, or “Butterfly of the Lake,” (based on the tremendous number of monarch butterfly migration patterns on the grounds each year) has been the Goff’s central family retreat for the couples’ five children since 2001.We will keep you posted on the sale. Meantime, here is the full Mariposa story and how this custom-built compound on an 8,600 acre lake, with pool, tennis and sport court, kids pavilion and putting green is where one of the most significant decisions in financial history went down.

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It’s also where a whole lot of regular business deals have been made. So it wouldn’t surprise me a bit that one of those key players may have wanted the compound. It was on that putting green where John Goff convinced Morgan Stanley to buy the company he and Richard Rainwater built, Crescent Real Estate Equities, for $6.5 billion dollars in August of 2007. (more…)

A custom-built compound on an 8,600 acre lake, with pool, tennis and sport court, kids pavilion and putting green where one of the most significant decisions in financial history went down. This is definitely the deal of a lifetime for anyone who wants an extraordinary lake home retreat in North Texas, or even a primary home that happens to be on a beautiful lake with a two story boat dock and oh yes, two boats.

Fort Worth billionaire John Goff, a self-made man, founder and CEO of Crescent Real Estate Holdings, and his wife Cami, are selling their 8,000 square foot plus compound on Eagle Mountain Lake, about 15 miles northwest of downtown Fort Worth. The sale will be made by auction October 8 without reserve. That means no minimum, though one will probably be established by the bidders. Not only are the Goffs selling the compound they re-shaped from an existing home on Eagle Mountain Lake, they are selling every piece of furniture, plate, bedsheet, even the fluffy white towels monogrammed with the compound’s Jack Sprague-designed logo, Mariposa del Lago.IMG_9488

“We are even selling the margarita machine,” jokes Cami Goff, “and selling the mix that comes with it!”

The winning bidder can grab their toothbrush and move right in!

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