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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.

    On the market for $39 million, the Tolleson estate is currently the most expensive house in Texas.

    Exterior of 6767 Hunters Glen Rd. in Dallas
    Photo courtesy of Dave Perry-Miller Real Estate
    On the market for $39 million, the Tolleson estate is currently the most expensive house in Texas.
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    housing affordability news

    Dallas named No. 2 Southern city where homes are becoming more affordable

    Amber Heckler
    Jan 15, 2026 | 12:54 pm
    Dallas skyline
    TREC Dallas Facebook
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    A new real estate analysis has revealed housing prices across the Southern United States have seen a major large-scale decline from 2024-2025, with North Texas homebuyers experiencing the second-steepest "price correction" in the region.

    Dallas-Fort Worth buyers have a better chance of purchasing an affordable home this year after prices cooled 5.71 percent from 2024-2025, the study found.

    Online real estate marketplace Zoocasa compared year-over-year median price changes for single-family homes across 20 cities in the South based on local real estate data. The study also looked at housing affordability in the American West, Midwest, and Northeast.

    In Zoocasa's ranking of the Southern cities where affordability is improving the most, Dallas ranked No. 2.

    In 2024, the median price for a single-family home in Dallas was nearly $398,000, which has since dropped to $375,000 in 2025. North Texas sellers may not be happy about cooling prices, but it does make housing more attainable for first-time homebuyers.

    Better housing prices will surely attract even more new residents to the DFW area, especially when one considers Dallas was the No. 1 destination for movers in 2025, and its suburbs are still booming in popularity.

    "Affordability is on the rise across Texas, with major cities seeing significant price corrections," the report said. "Most importantly for buyers, the median home price in each of these cities remains more affordable than the national median."

    The national median price of a home in the third quarter of 2025 was $426,800, according to the latest information from the National Association of Realtors (NAR).

    Housing affordability elsewhere in Texas
    In Beaumont-Port Arthur (a metro area east of Houston), housing prices have fallen 4.62 percent year-over-year, making it the metro with the No. 5 steepest price correction in the South. Median home prices dropped to $217,000 in 2025, or $10,500 lower than the year before, the report found.

    Austin's housing prices fell 2.04 percent during the same time span, landing the Capital City in the No. 9 spot. The median price of a single-family home in Austin fell from $437,925 in 2024 to $429,000 last year.

    Houston appeared just outside the top 10, ranking 11th out of 20 Southern cities, with housing prices falling by 1.5 percent during the one-year period. Houston housing prices in 2025 fell to $335,000, or $5,000 lower than the year before.

    Surprisingly, San Antonio ranked near the bottom of the list with housing prices increasing by five percent year-over-year. Single-family homes in the Alamo City had a median price just under $300,000 in 2024, which spiked to $315,000 in 2025.

    Housing market predictions in 2026
    Zoocasa predicts the 2026 U.S. housing market is "poised for a steady revival" since mortgage rates have dipped nearly a full percentage point since this time last year. Current interest rates for a a 30-year mortgage are sitting at 6.16 percent, the study said.

    The NAR report additionally found that pending home sales have grown by 2.6 percent year-over-year from 2024.

    "Homebuyer momentum is building," said NAR Chief Economist Lawrence Yun. "The data shows the strongest performance of the year after accounting for seasonal factors, and the best performance in nearly three years, dating back to February 2023."

    The top 10 Southern cities where housing affordability is improving the most in 2026 are:

    • No. 1 – Naples-Immokalee-Marco Island, Florida
    • No. 2 – Dallas, Texas
    • No. 3 – Durham, North Carolina
    • No. 4 – Ocala, Florida
    • No. 5 – Beaumont-Port Arthur, Texas
    • No. 6 – Cape Coral-Fort Myers, Florida
    • No. 7 – Jacksonville, Florida
    • No. 8 – Atlanta, Georgia
    • No. 9 – Austin, Texas
    • No. 10 – Raleigh, North Carolina
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