1505 Elm

There’s a new downtown property on the market that’s got the kind of luxury amenities you usually see on Turtle Creek, but for under $300K: a sixth-floor corner unit on Elm Street at North Akard with a stellar view, modern interior, and prime location.

The condo at 1505 Elm St. #604 is pretty much everything I imagine people desire in a downtown Dallas address: big, open floorplans; high-end appliances; awesome amenities; and easy access a DART light rail station across the street.

This 1-1.5 with a study is 1,482 square feet, listed by Gregory Iker at Dave Perry-Miller Real Estate for $235,000.

1505 Elm Y

Dallas architect George Dahl designed 1505 Elm, which was constructed in 1957 and served as Dallas Federal Savings bank for years before being abandoned. In 2002, it was part of the first wave of residential redevelopment in downtown Dallas, bringing 68 units to the market.

They didn’t cut corners in this building: it has an incredible level of amenities, which helps explain the whopping HOA fees of $1,001 per month. But those fees earn access to a 24-hour concierge, valet parking for residents and guests, a pool, sauna, private dog run, fitness center, Moroccan-style party room with billiard table and caterer’s kitchen, three high-speed elevators, and a super cool former bank vault that is now a wine cellar with a large dining table and individual wine lockers for residents. There’s even access to downtown tunnel system through lobby.

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9806 Inwood Front

As I told you last week, or rather, during Bush Center week, there is another price record setting mansion/estate/manor hitting our market. It even has a name, “Dans Bois Crete,” or translated into English, “In Wood Ridge”. The home is located on that elegant stretch of Inwood Road just south of Walnut Hill, not too far from the estates of Kelcy Warren, Roger Staubach, and Windle and Shirley Turley.

9806 Inwood Dining

When listing agent Christy Berry, who is a dynamo BTW, first told me about this listing, I said, oh yes I know the people who first built that house back in 1996. It was glorious then, a true record-setter of building perfection. They called it Idylwood Hill, which is still the name of the subdivision. My friends built the home with every detail imaginable then settled back and enjoyed it, from the wonderful gourmet chef’s kitchen to the downstairs movie theater with a full-service ticket booth plus candy and popcorn concession stand. At 14,139-square-feet, the very French mansion sits on 5.3-acres tucked inside formidable black iron gates at 9806 Inwood Road.

9806 Inwood Library

In fact, from the road, you cannot see much at all.

Berry will not reveal the owner’s name. According to the Dallas Central Appraisal District, the home is valued at $9.336 million for tax purposes (which means nothing) and is owned by Ceales Trust. According to the Wall Street Journal, who featured the home in Friday’s “Mansion” section (paywall), the owners are Erich and Audrey Spangenberg, founders of patent-assertion legal firm IPNav. According to its website, IPNav has won more than $610 million in patent monetization. Whatever, they apparently own homes all over the world, travel a great deal and Audrey has the most exquisite taste I’ve ever seen: she did most of the extensive re-design herself for more than a year and a half after they bought the home in 2007. Douglas Newby, by the way, was the listing agent then.

9806 Inwood Master

The home has six glorious bedrooms, seven bathrooms and three half baths. Very dramatic: the Spangenbergs applied gold leaf which is on the ceilings of the entry hall and dining rooms. I am talking 24 karat gold leaf. You have never seen anything like it! There is a Baccarat chandelier, and that private theater is paneled in blue velvet. (Wonder if they ever watched the movie, Blue Velvet, in there?) There are Venetian plastered hallways, and in fact I think every wall is Venetian plaster,  coffered ceilings, marble and wood floors and of course security cameras throughout the home. The main part of the mansion includes arched glass French doors, a gaming room with an adjacent bar, a cherry wood-paneled library of imported Honduras Mahogany, a master retreat with attached screened-in porch, the first I had ever seen in Dallas. I do recall those screens were retractable, I believe. There are numerous sitting rooms and studies. The outdoors, designed by renown landscape designer  Harold Leidner,  includes an outdoor kitchen with a full fryer. You could live in this outside oasis. There is also a guest suite and a beautiful home office for the Mistress of the Manor.

9806 Inwood Garden

The Journal says Mr. and Mrs. Spangenberg purchased the property in 2007 for $7.68 million, which I think is incorrect. I think it was more. (Updated 10:08 p.m.) They imported many of the materials from Europe including the front-door handles, which are from Lithuania.

9806 Inwood Salon

I think my personal favorite part of this estate is the wood-paneled entrance to a hidden stairway right off the foyer leading to a 2,200-bottle wine cellar. Downstairs, too is that theater complete with luxury seating, sound proofing and a full concession bar. There is even a fun ticket counter! As the original owner told me, she loves movies and always wanted to have a movie theater in her home! I so agree — though builders tell me they are “out”, I still think a home theater or media room is the ultimate luxury!

9806 Inwood Bar

 

9806 Inwood Theatre

 

9806 Inwood cellar

The mansion has a long, winding drive up with a creek that runs through the lot. Atop the ridge is the home featuring a pool, incredible terrace and sweeping lawns on the vast acreage. There is even a maze garden designed by renown landscape designer  Harold Leidner. The circular drive in front of the home features a cascading Italian fountain flanked by four small fire pits.studded with fire torches.

9806 Inwood Back

Perhaps the most amazing thing about “Dans Bois Crete” is the dramatic westward view from the home come sunset. The torches are ablaze  and the Texas sun is setting, spinning off marvelous glints of orange and yellow as the sun descends. Looking westward over the flickering torches, this home evokes images of a Bavarian castle.

9806 Inwood Westward View

9806 Inwood Front

As I told you last week, or rather, during Bush Center week, there is another price record setting mansion/estate/manor hitting our market. It even has a name, “Dans Bois Crete,” or translated into English, “In Wood Ridge”. The home is located on that elegant stretch of Inwood Road just south of Walnut Hill, not too far from the estates of Kelcy Warren, Roger Staubach, and Windle and Shirley Turley.

9806 Inwood Dining

When listing agent Christy Berry, who is a dynamo BTW, first told me about this listing, I said, oh yes I know the people who first built that house back in 1996. It was glorious then, a true record-setter of building perfection. They called it Idylwood Hill, which is still the name of the subdivision. My friends built the home with every detail imaginable then settled back and enjoyed it, from the wonderful gourmet chef’s kitchen to the downstairs movie theater with a full-service ticket booth plus candy and popcorn concession stand. At 14,139-square-feet, the very French mansion sits on 5.3-acres tucked inside formidable black iron gates at 9806 Inwood Road.

9806 Inwood Library

In fact, from the road, you cannot see much at all.

Berry will not reveal the owner’s name. According to the Dallas Central Appraisal District, the home is valued at $9.336 million for tax purposes (which means nothing) and is owned by Ceales Trust. According to the Wall Street Journal, who featured the home in Friday’s “Mansion” section (paywall), the owners are Erich and Audrey Spangenberg, founders of patent-assertion legal firm IPNav. According to its website, IPNav has won more than $610 million in patent monetization. Whatever, they apparently own homes all over the world, travel a great deal and Audrey has the most exquisite taste I’ve ever seen: she did most of the extensive re-design herself for more than a year and a half after they bought the home in 2007. Douglas Newby, by the way, was the listing agent then.

9806 Inwood Master

The home has six glorious bedrooms, seven bathrooms and three half baths. Very dramatic: the Spangenbergs applied gold leaf which is on the ceilings of the entry hall and dining rooms. I am talking 24 karat gold leaf. You have never seen anything like it! There is a Baccarat chandelier, and that private theater is paneled in blue velvet. (Wonder if they ever watched the movie, Blue Velvet, in there?) There are Venetian plastered hallways, and in fact I think every wall is Venetian plaster,  coffered ceilings, marble and wood floors and of course security cameras throughout the home. The main part of the mansion includes arched glass French doors, a gaming room with an adjacent bar, a cherry wood-paneled library of imported Honduras Mahogany, a master retreat with attached screened-in porch, the first I had ever seen in Dallas. I do recall those screens were retractable, I believe. There are numerous sitting rooms and studies. The outdoors, designed by renown landscape designer  Harold Leidner,  includes an outdoor kitchen with a full fryer. You could live in this outside oasis. There is also a guest suite and a beautiful home office for the Mistress of the Manor.

9806 Inwood Garden

The Journal says Mr. and Mrs. Spangenberg purchased the property in 2007 for $7.68 million, which I think is incorrect. I think it was more. (Updated 10:08 p.m.) They imported many of the materials from Europe including the front-door handles, which are from Lithuania.

9806 Inwood Salon

I think my personal favorite part of this estate is the wood-paneled entrance to a hidden stairway right off the foyer leading to a 2,200-bottle wine cellar. Downstairs, too is that theater complete with luxury seating, sound proofing and a full concession bar. There is even a fun ticket counter! As the original owner told me, she loves movies and always wanted to have a movie theater in her home! I so agree — though builders tell me they are “out”, I still think a home theater or media room is the ultimate luxury!

9806 Inwood Bar

 

9806 Inwood Theatre

 

9806 Inwood cellar

The mansion has a long, winding drive up with a creek that runs through the lot. Atop the ridge is the home featuring a pool, incredible terrace and sweeping lawns on the vast acreage. There is even a maze garden designed by renown landscape designer  Harold Leidner. The circular drive in front of the home features a cascading Italian fountain flanked by four small fire pits.studded with fire torches.

9806 Inwood Back

Perhaps the most amazing thing about “Dans Bois Crete” is the dramatic westward view from the home come sunset. The torches are ablaze  and the Texas sun is setting, spinning off marvelous glints of orange and yellow as the sun descends. Looking westward over the flickering torches, this home evokes images of a Bavarian castle.

9806 Inwood Westward View