Mar 25, 2011

Craziest Dallas Real Estate Story in the past year

Sure 2010 was a bumpy year and we're glad to see it behind us, but this has to be the most bizarre sale I've seen in a while. This 14,280 sq foot home on prestigious Strait Lane was built in 2006 on 2 acres.
It was listed for an are-they-dreaming price of $12.9 million in 2008. The price was lowered as it lingered on the market and it was finally down to $6,9 million by mid-2010.
It sold in December 2010. The price was not publicly disclosed, but it was over $5 million.
The owners custom built this home based on a historic Louisiana plantation.
While it's not to everyone's taste, it was a nice place - pier & beam,  3 stories with an elevator, slate roof, 11 foot ceilings, 6 fireplaces, high-end finishes made of mahogany, marble, onyx, etc.

Here comes the crazy part.
Are you sitting down?

They're tearing it down!

That's right.
14,280 square feet built in 2006 and they're tearing it down.
A neighbor bought it and wants the land. They may keep the tennis courts, pool, spa, cabana, 4 car garage or monitored security gates.

But goodbye exercise room, game room, library, media room, ...

What a sad, sad waste.
[where: 75230]

** April 4 - Real Estate writer Candy Evans tells me they are thinking of keeping the main house and making it a gymnasium.

1 comment:

Anonymous said...

That's crazy! I can't believe some people these days.