Thursday, January 28, 2016

What $100 million buys you

Self made-billionaire Andrew Beal recently closed on a historic residential real estate purchase in Dallas, Texas. Albeit that the property was listed for $100 million U.S., it is unlikely that the investing guru paid full price for the estate. Former owners Tom Hicks and his wife Cinda reportedly poured $100 million into the renovation and additions to the home that took almost three years to complete. You don't have to be a math whiz (like Mr. Beal) to understand that the estate value far exceeds the list.

The interior footage of the home totals 32,275 sq feet, but volumes to 67,689 with terraces. Walnut Place, originally named the Crespi Estate, sits on 25.25 acres complete with its own forest and ponds, and is only a seven minute drive to downtown Dallas. Land alone in this vicinity is on average $2 M per acre, setting this parcel of land at a value of $51 Million.

The oasis features several ancillary buildings including a 'Recreation Complex' complete with a pool, spa, full size theatre (with rear view projection), and additional suites for guests. The piĆ©ce de resistance is the 3,000 sq foot Master Suite, as if anyone could choose just one incredible feature. 

It is noted by Realtor Allie Beth Allman that Mr. Beal plans to leave the estate intact. Here is hoping that he develops a new name for the property - Walnut Place on Hollow Lane doesn't have a $100 million dollar ring to it.... or is it just me.

Enjoy a small portion of the tour......








Private bath for 'her'




private bath for 'him'



Master Suite










To read more about the details of the custom features and view more pictures visit HERE.


2 comments:

  1. Aaaaaa-MAZING!!! Oh I would love to see this beauty in person!

    Have a wonderful weekend!
    hugs from here...

    ReplyDelete
  2. Can you imagine that much space. So many rooms on the link at the bottom - nothing was missed on this property.

    Enjoy the weekend. Hugs to you.

    ReplyDelete