Was This Most Expensive Real Estate Sale in Dallas — Ever?
By: Diane Tuman, Zillow Content Manager | June 18, 2009
Down in the Big D where everything’s big, there was a big sale recently. Our friend Candy Evans at Dallas Dirt reported that an estate in Preston Hollow, located at 5323 Park Lane, Dallas, TX, was just sold for the priciest Dallas real estate transaction in history — possibly for about $30 million.
Candy says it was originally listed for $45 million last year, but was recently lowered to just under $40 million and then her sources say it was sold for “$30 million-ish.” The buyer is Kelcey Warren, Chief Executive Officer and Chairman of the Board of Directors of Energy Transfer Partners, L. P. (ETP) and the seller is Larry Lacerte, founder and CEO of Exponent HR, a Web-based technology solution for human resource and payroll administration. Interestingly, Warren’s agent was Rosie Waters (of Allie Beth Allman and Associates), who is married to football legend Charlie Waters, who works for… Energy Transfer Partners!
If the Preston Hollow neighborhood sounds familiar, it’s where former President George W. Bush and Laura live after life at the White House.
Look at the aerial below and try to identify some of the unique outdoor amenities on this 9-acre estate:
- racquetball court
- exercise room and locker rooms adjacent to a near Olympic-sized natatorium
- bowling alley
- wine cellar with tasting room
- an Orangery conservatory
- Interlocking Koi ponds loaded with about a million dollars worth of Koi
- tennis court
- baseball diamond
- private lake
- Stumble it!
- Categories: Celebrity Real Estate
Comments
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Bass Ackwards on June 18, 2009 5:19 pm
Who decided to have the baseball diamond with a very shallow outfield face the house? A fly ball and you’ve got a broken window. Throw in another million to turn in around to face the street.
Dallas Real Estate News, Housing Trends, Home Prices, Home Tours, Candy Evans, DallasDirt Blog D Magazine » Blog Archive » Zillow Hearts Dallas’ Biggest Real Estate Deal on June 19, 2009 6:01 am
[...] even those folks out west are impressed. Leave a [...]
WhipSawFX on June 19, 2009 9:49 am
I don’t think a broken window is going to be an issue for Kelcey,
BarryB on June 19, 2009 11:38 am
Maybe he bats left and pulls it into the pond!
Ebby Blog » Sale of The Premier Estate of Old Preston Hollow Makes Zillow Blog on June 19, 2009 1:50 pm
[...] Hollow by Dave Perry-Miller Associate Ralph Randall is featured on the Zillow Blog. Check it out here. Permalink Full Story [...]
Wile Coyote on June 19, 2009 8:56 pm
If this house with its tacky baseball diamond were in California it would cost about 50mil….so no, its not that impressive.
Roya rashti on June 20, 2009 11:40 am
I think that they got a good deal and took advantage of buyer’s market!!!
R on June 21, 2009 2:26 am
The path you can see outlining the property is where they would have security guards riding around in golf carts… and the bowling alley is actually below the house–complete with black-lights for “cosmic bowling.”
christine on June 22, 2009 4:49 am
That’s amazing…