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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