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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.
    • 670-square-foot guesthouse.
    • 220-square-foot greenhouse.
    • Two spas.
    • Tennis and volleyball courts.
    • 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.

    The pool area includes a cabana with sitting and dining rooms, a kitchen, a bar, and a full shower bath.

    6767 Hunters Glen Rd. in Dallas
    Photo courtesy of Dave Perry-Miller Real Estate
    The pool area includes a cabana with sitting and dining rooms, a kitchen, a bar, and a full shower bath.
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    real estate report

    Dallas housing market rebounds with boost in new home sales, per report

    Amber Heckler
    Jun 25, 2026 | 1:00 pm
    New home development
    Photo by Troy Mortier on Unsplash
    The North Texas housing market is showing good signs ahead of summer, according to the report.

    A new HomesUSA.com report tracking the sales of new homes in Dallas-Fort Worth has revealed a promising decrease in local housing prices and a surge in new home sales in May.

    The New Home Sales Report tracks three-month moving averages across Dallas' housing market and also tracks real estate data in Austin, Houston, and San Antonio.

    May new home sales in DFW rose to 2,122 closed transactions, up from 1,947 in April, and they sold for near asking price with the average sales-to-list price ratio at 97.57 percent. The average price for a new home in the Metroplex fell to $460,012 last month, a $6,350 decrease from April, the report found.

    Another welcome trend is that current new home prices are about $10,000 cheaper than they were a year ago.

    The average days on market — meaning the average time it takes to sell a new home — remained relatively flat month-to-month at 148.09 days.

    New homes in the metro are taking longer to sell now than they were a year ago, when the days on market was 143.13 days in May 2025. However, the report adds clarification that new homes typically spend more time on the market than existing homes because many are listed for sale while still under construction.

    HomesUSA.com CEO Ben Caballero predicted May's new home sales could be "the highest for the year if interest rates remain at the current level or higher."

    "May brought another encouraging increase in Dallas-Fort Worth new home sales, but the market is about where it was a year ago," he said. "Dallas builders are seeing homes sell a little faster than they did in April, which is good news. But higher inventory, stubborn mortgage rates and mixed year-over-year comparisons show this spring market still requires patience, pricing discipline and close attention to buyer demand."

    Dallas currently leads the nation with the most new home construction for 2026, with over 11,000 new residential building permits issued in January and February alone.

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