WylyFrom Staff Reports

It took about 30 minutes or less for Sam Wyly’s 244-acre Colorado ranch to sell at auction, and when the dust settled (although one might argue three bidders can’t kick up that much dust), a familiar name in Dallas development emerged. (more…)

The $24 million estate of Lisa Baron and her late husband, Fred Baron, has sold. But not to worry: another signature estate has come to market just this week!. Though the acreage is less than the Baron estate and the home much older — circa 1939 — this one was owned by the late Charles Wyly and his wife, Dee, and was also a huge gathering spot for Dallas movers and shakers in the social world, just maybe on the Republican side. 

The estate, at 5906 DeLoache, sits on more than 2.536 acres acres and holds an elegant, stately 11,394 square foot home, a guesthouse, and a five car garage. Asking price is $8.25 million. The home was listed with Allie Beth Allman & Associates’s Mark Storer on August 24.

The house has four bedrooms, all en suite, two master suites, five full baths, three half baths and five living spaces. There are three fireplaces, which strikes me as odd, only three. But there is a commercial-scale kitchen, a solarium, a huge glass-enclosed garden conservatory where Dee hosted her many parties (if those walls could talk!) outdoor pool and indoor lap pool in the pool house (see below) and a tennis court. There is also a lovely guest house. 

And I think I spy Gracie wallpaper in the dining room.

The house is owned by Dee Wyly, Charles’s widow. Charles Wyly died in a tragic car accident in Aspen in 2011.

And yes, it’s “those Wyly’s”: among the most philanthropic families in town.The same Wyly’s whose names are on the Dee and Charles Wyly Theatre in downtown Dallas’ Arts District — the building is named after the family. They donated $20 million to seed the project.

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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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Tudor estate

You’ve probably driven by this Tudor estate every Christmas, slowed down, and gawked just like thousands of others. There have always been the most astonishing holiday displays in the front yard. If you’ve lived in Dallas very long, you’ll know it belongs to philanthropist and entrepreneur Sam Wyly. Although Wyly’s resume takes up an entire page in Wikipedia, most of us know him as the owner of the arts-and-crafts chain Michaels Stores.

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