Splurge vs. Steal: Victory Park W South Tower | CandysDirt.com

This is the second installment of a new column here on CandysDirt.com, Splurge vs Steal (read the first one here). We’ll be looking at properties that offer something in common, but have a big difference in their asking price.  

When Victory Park was being built up in the early 2000s, it was hailed as a major development in downtown’s evolution from a place that rolled up its sidewalks at 5 p.m. to a vibrant live-work-play destination.  

Our Splurge vs. Steal today is at 2408 Victory Park Ln. in the W South Tower — Victory Residences, designed by David Cadwallader and opened in 2005. Located on corner of Victory Park and Museum Way, these condos are a short walk to Katy Trail, Dart Rail, House of Blues, American Airlines Center, Klyde Warren Park, and the Perot Museum, with a Cinepolis Luxury Cinema coming soon. 

This is luxury lifestyle living, with 24/7 security, a 16th-floor zero-edge infinity pool, two fitness centers, fantastic views, signature “Whatever/Whenever Service” from the concierge, and housekeeping and room service available from the hotel. Let’s compare.  

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2323N Houston front extLet me be clear from the very start: this is unit 616 at The Terrace at Victory Park.  Kathy Nealy’s unit was 216 on the second floor, but exact same square footage  (1196) and save for being higher and maybe a different color marble in the kitchen or master, pretty similar. Robert Wilonsky at the Dallas Morning News reported today that Nealy’s condo will be sold on the courthouse steps next month in a tax auction. Nealy was, of course, a successful political consultant with close ties to John Wiley Price who apparently did not pay Uncle Sam. The Terrace2323 N Houston kit 616 2323 N Houston LR 616 2323 N Houston master bath 616Wilonsky interviewed Nealy’s attorney, who blames the sale on that famous June 2011 raid on John Wiley Price, which the attorney says “negatively impacted” Nealy’s ability to do business. And, I guess, pay her taxes.

Prior to the raid Nealy counted among her clients American Airlines, Hunt Oil, KB Homes and Wal-Mart. She also worked for Mike Rawlings’ mayoral campaign, Bill Clinton’s presidential campaign and the Cowboys Stadium and American Airlines Center referendums, among other high-profile pushes.”

Wilonsky says Nealy purchased the condo in 2006, when the market was soaring like the Texas Giant Roller Coaster. DCAD has it appraised for $263,120.

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