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    Luxe listing

    Magnificent $39 million Park Cities mansion is the priciest home for sale in Texas

    John Egan
    Jul 1, 2021 | 12:54 pm
    Magnificent $39 million Park Cities mansion is the priciest home for sale in Texas
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    A massive University Park estate that went on the market in 2016 at $39 million is for sale again — at the same price.

     

    Realtor.com reports that the 2.86-acre estate, at 6767 Hunters Glen Rd., is the most expensive home currently for sale in Texas. The listing agent, Alex Perry of Allie Beth Allman & Associates, declined to comment.

     

    In case you were wondering, real estate marketplace Zillow estimates the monthly mortgage payment for this grand residence would be $217,411. (We’re guessing whomever buys this property could easily afford the mortgage.)

     

    Allie Beth Allman’s listing calls the estate an “iconic property.” Built in 1946, the two-story home in the exclusive Volk Estates enclave features 12,664 square feet of interior space with six bedrooms, five full bathrooms, and three partial bathrooms.

     

    "They're redoing the inside, so it will all be brand new and will be finished in just a couple of months," the agents say on a marketing video recently posted to YouTube.

     

    The current owners are wealth manager John Tolleson — a former trustee of Southern Methodist University — and his wife, Debbie. The Tollesons bought the estate in 1991. Two years later, they purchased the property next door and incorporated it into a home makeover that was already underway. Cole Smith oversaw the renovation.

     

    "Just the land alone, 2.85 acres in this spot, could command upwards of close to $30 million," the agents say in the video.

     

    Highlights of the property include:

     
       
    • Private gated community.
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    • 670-square-foot guesthouse.
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    • 220-square-foot greenhouse.
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    • Two spas.
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    • Tennis and volleyball courts.
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    • Putting green.
    •  
    • English garden and solarium with retractable cover.
    •  
     

    "Best of all, there is a 2,594-square-foot, stone-floored party pavilion (think ballroom) anchored by fireplaces at each end," CultureMap wrote in a 2016 feature on the home. "The wine cellar and commercial-grade kitchen under the party pavilion ensure that the next party you throw — like a fundraiser to, say, build a presidential library like George W. Bush’s (yes, this is where that happened) — will undoubtedly go down as a success."

     

    One-of-a-kind aspects of the estate include an antique hand-forged chandelier that actor Errol Flynn swung from in the 1935 film The Three Musketeers; three main-house staircases with custom balustrades; and antique millwork by a protégé of 17th-century Dutch-British sculptor Grinling Gibbons, whose work can be found in England's Windsor Castle.

    Or, just curl up with a book in this brightly lit room.

    6767 Hunters Glen Rd. in Dallas
      
    Photo courtesy of Dave Perry-Miller Real Estate
    Or, just curl up with a book in this brightly lit room.
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    renter news

    Dallas sees dramatic surge in number of senior renters in last decade

    Amber Heckler
    Jul 4, 2025 | 11:30 am
    A senior couple inspecting a potential house rental
    Getty Images
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    New U.S. Census data has revealed a startling trend regarding Dallas' renter population: The number of renters aged 65 and older has surged 66.5 percent over the last decade. There are more than 78,000 seniors currently renting their homes across Dallas-Fort Worth.

    Dallas-Fort Worth-Arlington saw the fifth-highest growth rate in senior renters nationwide from 2013 to 2023, according to a new renter population study by Point2Homes.

    The report analyzed the latest Census data for renters across every age demographic in the 75 biggest U.S. metros. Nationally, the number of senior renters has increased by 2.4 million people over the last decade.

    DFW also ranked as the metro with the second-highest growth rate in senior renters statewide, and it experienced the No. 1 highest numerical change in renters aged 65-plus in Texas.

    Austin-Round Rock claimed the No. 1 spot with an 81.1 percent increase in senior renters statewide from 2013-2023, though the Texas Capital added only 23,446 senior renters (far fewer than DFW) during that time.

    Furthermore, the number of seniors renting single-family homes in Dallas-Fort Worth has more than doubled in the last 10 years, representing a 100.8 percent increase since 2013. DFW's growth fell second only to Omaha-Council Bluffs, Nebraska-Iowa, whose growth rate for senior single-family home renters increased by 103.5 percent.

    "Omaha’s affordability and senior-friendly rental options are attractive to retirees, while rising property taxes and home prices in Dallas and Austin may be prompting older homeowners to consider renting," the report's author wrote.

    The report adds that these seniors are shifting their priorities and "stepping away from the burdens of homeownership" in order to live closer to family, downsize, or cut costs to simplify their standard of living.

    "A Harris Poll survey showed that the older crowd now has a lower threshold for interest rates when buying, meaning they’re more sensitive to the financial burden of a mortgage," the report's author wrote. "Downsizing from larger family homes, avoiding costs and upkeep tied to ownership, and prioritizing proximity to family or medical services are also among potential motivators for renting."

    Point2Homes also points out that this "senior renter boom" can be linked to the (oddly named) trend of elderly "baby chasers," meaning grandparents who choose to relocate to be closer to their grandchildren.

    Senior renter demographics in Dallas-Fort Worth
    The report also analyzed Dallas-Fort Worth's share of renters based on age group. Predictably, the highest share (30.6 percent) of DFW's renter population is between the ages of 25-34, with the second highest share (20.7 percent) falling to residents aged between 35-44.

    Only 9.4 percent of Dallas' entire renter population is between the ages of 55-64, while 9.6 percent are seniors aged 65 and up. The metro's youngest demographic of renters, aged 18-24, only make up 16.4 percent of all DFW renters. That leaves the remaining 13.4 percent of Dallas renters falling into the 45-54 age bracket.

    Senior renters in other Texas metros
    Austin-Round Rock had the third-highest growth rate in senior renters from 2013-2023 in the U.S., while Houston-The Woodlands-Sugar Land ranked 8th nationally with a 60.3 percent increase in senior renters.

    The Houston metro gained 63,749 senior renters during that time period, which was the fourth highest numerical increase nationwide.

    San Antonio-New Braunfels ranked No. 62 out of all 75 U.S. metros with only a 24 percent increase in senior renters from 2013-2023, and the metro gained 11,257 senior renters.

    The top 10 U.S. metros that had the highest increases in senior renters over the last decade are:

    • No. 1 – Baton Rouge, Louisiana (88.7 percent)
    • No. 2 – Jacksonville, Florida (83.7 percent)
    • No. 3 – Austin-Round Rock, Texas (81.1 percent)
    • No. 4 – New Orleans-Metairie, Louisiana (69.7 percent)
    • No. 5 – Dallas-Fort Worth-Arlington, Texas (66.5 percent)
    • No. 6 – Raleigh, North Carolina (63.5 percent)
    • No. 7 – Bridgeport-Stamford-Norwalk, Connecticut (60.4 percent)
    • No. 8 – Houston-The Woodlands-Sugar Land, Texas (60.3 percent)
    • No. 9 – Lakeland-Winter Haven, Florida (54.1 percent)
    • No. 10 – Charlotte-Concord-Gastonia, North Carolina-South Carolina (53.5 percent)
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