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Thread: $135M Dallas Palace Is America's Most Expensive Home For Sale

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    Elite Member Waterslide's Avatar
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    Default $135M Dallas Palace Is America's Most Expensive Home For Sale

    The video only shows the outside of the house and I can't find pictures of the inside.






    Morgan Brennan, Forbes Staff
    I write about real estate markets, outrageous homes and cities.

    Business

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    1/25/2013 @ 11:07PM |26,832 views

    $135 Million Dallas Palace Is America's New Most Expensive Home For Sale



    While rumors swirled Friday about the alleged sale of a $117 million home in Woodside, Calif., another abode far from the center of the tech universe quietly began attracting attention as the new most expensive home for sale in the United States.

    The Crespi-Hicks Estate, which is being quietly shopped off of the Multiple Listing Services, wants a staggering $135 million. The best part: it’s not located in San Francisco, or even New York City. America’s new most expensive home for sale is in Dallas, Texas.
    The Dallas estate sits behind wrought iron gates in the ultra elite Mayflower Estates neighborhood. Spanning 25 acres, the compound boasts roughly 42,500 square feet of living space including a five-story main house, a two-story guest house and a three-story pool house. It’s owned by Thomas and Cinda Hicks, former Forbes 400 listmakers whose personal net worth swelled as large as $1.4 billion in 2008. Tom Hicks is the former chairman of private equity firm Hicks and current chairman of Hicks Holdings. He is also the former owner of several professional sports teams including the Dallas Stars, Texas Rangers, and Liverpool Soccer Club.
    The Crespi-Hicks Estate, commissioned by Italian Count Pio Crespi, was the last residential creation of architect Maurice Fatio before his death in 1943. When the Hicks purchased the property 16 years ago, they enlisted architect Peter Marino to restore it. The process reportedly took nearly a decade and as much as $100 million.
    Among the home’s outrageous amenities are a a library paneled in 19th-century Italian walnut and burl, a main kitchen tiled in 10th-century Dutch Delft manganese tiles, a mirrored art-deco bar room, and an exercise room. The pool house boasts an outdoor living room and kitchen, an indoor catering kitchen, a massive game room, and a home theater spanning an entire floor. The grounds encompass two guest houses, a tennis court, several greenhouses, a tree house, rose and vegetable gardens, and a second hidden driveway entrance onto the property.
    “In this home, one experiences an awe-inspiring majesty along with a gentle warmth and intimacy. The formal rooms have accommodated throngs of guests and received United States Presidents and international dignitaries,” writes Douglas Newby, the real estate agent representing the property, adding that the home is “warm and fun.”
    According to Dallas real estate blogger Candy Evans, land in Mayflower Estates commands a lofty $2 million per acre, accounting for $50 million of the asking price; the buildings are valued at $85 million. Mayflower Estates is home to Dallas’ richest and most powerful residents, including former President George W. Bush who is rumored to have moved here to be close to the Hicks family. The home is minutes from downtown Dallas.
    It’s not necessarily surprising that the opulent spread has come to market now — and toting such a stratospheric price tag. Billionaires have been plunking down extravagant sums for trophy homes the country over since 2011, injecting would-be sellers with confidence to try their hands at turning a hefty home sale profit. Since the beginning of January alone, two confirmed record-breaking sales have transpired: a $27 million Miami, Fla. penthouse purchase (the area’s highest price ever paid for an apartment) and a $75 million Malibu, Calif. beach house purchase (the city’s most expensive sale ever). And if the blogosphere is indeed correct and a Woodside, Calif. house fetched $117.5 million, then the country even has a new most expensive home sale.
    At $135 million, the mega mansion’s asking price tops the $125 million Fleur de Lys estate in Los Angeles, which has been the single most expensive home publicly listed for sale since Miami’s Casa Casuarina reduced its price tag to $100 million in November. Other uber expensive listings include the $100 million CitySpire penthouse in New York City, two additional $95 million apartments in New York, and the $95 million Beverly House in Beverly Hills, Calif.
    To see more of the Crespi-Hicks Estate, check out the listing info on Newby’s site Architecturally Significant Homes here.

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    This article is available online at:
    $135 Million Dallas Palace Is America's New Most Expensive Home For Sale - Forbes


    Edit - found some pics

    Last edited by Waterslide; January 30th, 2013 at 03:19 PM. Reason: found pics
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    Elite Member Brookie's Avatar
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    Looks like I'd never poop in the same bathroom twice in the same week at least. Too big.
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    Elite Member OrangeSlice's Avatar
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    It's lovely enough, but intimidating. It looks more like a tourist attraction than a private home.
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    Looks like a museum. The grounds are lovely but the inside is way to big and impersonal. The herd of deer heads on the wall in one of the rooms is a klassy touch though.
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    i expected it to be gaudy and ostentatious and it really isn't. the grounds are beautiful!
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    can't post pics because my computer's broken and i'm stupid

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    They should turn the whole thing into a cat sanctuary.
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    I love it exept for the bejewelled mantle. The grounds are beautiful. LOVE.
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    It looks lonely. Cold and lonely.

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    Where's the swimming pool? An estate like this and no pool?

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    The only thing I like is the cinema, mostly because I'd like a cinema in my house. Everything inside it looks fake-old, it's awful

    eta: BlueBonnet if you look at the aerial shot it looks as though it has many many pools lol

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    Elite Member Bluebonnet's Avatar
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    Oh...OK. I see it now. I thought that was the neighboring estate pool!
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    I think I would stay out by that creek, what a restful jewel. I like a lot of it but love all the outdoor spaces.
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    Elite Member Waterslide's Avatar
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    I was a bit disappointed with the built-in theater. If I had this much money and space and time on my hands, I'd rather have some extravagant nod to the movie palaces of the Twenties. I'd want big comfy chairs though, but I'd throw in a few loveseats, this theater isn't really conducive to making out is it? It looks too much like a situation room. If you're gonna go big, you may as well go big.

    On the video, they mention having a country-club-sized swimming pool (is that a size measurement for pools?), I assume it's the one on the left.

    I think the best things about this place are the trees, streams and bridges. You could really lose yourself out there. And I bet the wet bar looks better in person than it does in the photo.

    Stupid question, does anyone know what you call these shades/blinds? I like the way they're attached with leather.

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    Elite Member McJag's Avatar
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    They look like a kind of cellular shades. Very much like mine, except mine are not see-through and are without leather. I LOVE them, they allow some light but you can make them just disappear by leaving them pulled up.
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    Elite Member Waterslide's Avatar
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    Quote Originally Posted by McJag View Post
    They look like a kind of cellular shades. Very much like mine, except mine are not see-through and are without leather. I LOVE them, they allow some light but you can make them just disappear by leaving them pulled up.
    Thanks McJag! I really like them, the ones in the picture seem to be in a kind of sun room, so I think they're the right sheerness for that.
    Gross, put it away. You could dress beautifully but you gotta be Miss Granny Panty Whore.
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