Tom Hicks, with the help of high-profile listing agent Allie Beth Allman, finally landed a buyer for his Preston Hollow estate: billionaire Andy Beal, founder of Plano-based Beal Bank. Asking price had been $100 million for the 25-acre property.
Candy’s Dirt founder and CultureMap contributor Candy Evans says that Beal had been eyeing the Trammell Crow estate, a historic, 6-acre gem in Highland Park.
Allman sold the home to Hicks and his wife, Cinda, back in 1997, after which they began a multimillion-dollar renovation. The work took nearly three years to complete.
Evans toured the compound back in March 2015, including the 28,000-square-foot main house and 3,347-square-foot guest house. “The approach to the private gates of 10000 Hollow Way Rd. feels more like a drive through the French countryside to a fabulous chateau deep in the heart of the forest. It’s hard to believe this is just seconds from the Dallas North Tollway and less than 10 minutes from downtown,” she wrote.
The estate overlooks a forest of trees and a creek. The property also features meadows, trails, pond, rose and vegetable gardens, greenhouse, two courtyards lined with 16 magnolia trees each, tennis court, and helipad.
“The most expensive sale in Dallas prior to this was closer to $20 million,” Allman told the Dallas Morning News. “It’s my understanding that is the largest sale ever in Texas for a residential property.”
The home at 10000 Hollow Way Rd. had been listed for $100 million.
Lucille is a 265-unit community that will rise 22 stories in the sky.Rendering courtesy of HKS