You’ve probably driven by the Tudor estate at 3905 Beverly Dr. each Christmas to slow down and gawk at the astonishing holiday displays in the front yard. If you’ve lived in Dallas very long, you know it belongs to philanthropist and entrepreneur Sam Wyly, owner of the arts-and-crafts chain Michaels Stores and younger brother to Charles.
For the first time in more than 50 years, Wyly's home is on the market. Wyly has moved to Edgemere, so the iconic Dallas property is listed with Susan Shannon of Allie Beth Allman & Associates. It's a once-in-a-lifetime opportunity to own a home that has had not one, but two successful entrepreneurs as owners.
The house was originally designed by renowned Dallas architect C.D. Hill for Fred Schoellkopf, who was one of the developers of Highland Park, and was completed in 1923.
It’s as if this home was destined to be owned by genius entrepreneurs. Schoellkopf has a business history that equals Wyly’s. His father moved to Dallas in 1869 and built a prominent saddlery and leather business in downtown Dallas. Fred became vice president of the Schoellkopf Company, best known for its trademark white elephant and famous Jumbo Brand saddles, still available on eBay today.
Now perhaps it’s time for another entrepreneur to make this 7,579-square-foot Tudor estate their home. It sits on a coveted 1.03-acre lot, one of only four on Beverly Drive that face the Dallas Country Club’s golf course. There are five bedrooms, four bathrooms, a powder bath, sunroom, game room, and a large guest apartment over the three-car garage.
“It’s magnificent,” listing agent Shannon says. “I’ve never seen anything like it, from the carved woodwork and moldings to the barrel-vaulted ceiling in the living room. There is a grandness to this home.”
This iconic Highland Park Tudor estate can be yours for only — and we do mean only — $12.5 million. Trying to reproduce this level of grandeur would set you back five times that price today, if you could even find the craftsmen.
A version of this story originally was published on Candy’s Dirt.