Historic 27,000 Sq. Ft. Crespi-Hicks Estate Once Listed At $135-Million, Can Now Be Yours For $48.9-Million (PHOTOS & VIDEO)
Historic 27,000 Sq. Ft. Crespi-Hicks Estate Once Listed At $135-Million, Can Now Be Yours For $48.9-Millionn
10000 Hollow Way Road, Dallas, Texas, United States, 75229
In the world of luxury real estate anything is possible. A palatial manor previously owned by businessman and former Texas Rangers owner Tom Hicks has come back on the market for $48.9-million after being quietly listed in early 2013 for a whopping $135-million and officially listed for $100-million in 2015, according to Curbed. According to Dallas News it sold for a record price at the beginning of 2016 to Andy Beal. It’s called Walnut Place, better known as the Crespi-Hicks Estate, and was designed by Maurice Fatio in 1939 for Italian Count Pio Crespi and his wife Florence, and was recently renovated and expanded by architect Peter Marino. The height of the home is said to exceed current municipal height restrictions, this allows for 14′ ceilings on the first floor, and 12′ ceilings on the second. In addition to the main house there is also a two-storey guest house and a three-storey pool house. The historic estate offers over 27,000 square feet of living space with 10 bedrooms and 17 bathrooms on a 25.25-acre lot. While it’s unknown what the property sold for in early 2016, $48.9-million seems like a steal when compared to the original $135-million list price. It’s on the market with Allie Beth Allman who originally sold the estate to Tom Hicks, and then sold the property to Andy Beal.