Big-Time Listing

Sam Wyly's iconic Dallas home hits the market for first time in 50 years

The lot is one of only four on the street that faces the Dallas Country Club's golf course.

Photo courtesy of Allie Beth Allman & Associates

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.

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A version of this story originally was published on Candy’s Dirt.

3905 Beverly Dr. is on the market for the first time in more than 50 years.

Photo courtesy of Allie Beth Allman & Associates

3905 Beverly Dr. is on the market for the first time in more than 50 years.

home-for-sale

GP News

Grand Prairie expands to the south with new master-planned community

Rendering courtesy of Provident

Goodland Grand Prairie

The City of Grand Prairie is growing fast and expanding to make way for a new master-planned development south of US Highway 287 and along Tollway 360, in Ellis and Johnson counties.

The community development, called Goodland, is the result of Grand Prairie’s recent 1,500-acre annexation extending its southern border toward Mansfield. Overall, with the added land, Goodland will be a 5,000-acre site featuring 15,000 residences including townhomes, custom homes, and gated communities for 50,000 residents.

According to a release, it will be a “city within a city” and a 45-minute drive from Dallas-Fort Worth. Beyond housing, there will be shops, restaurants, schools, public and private event venues, regional sports fields and complexes, dance halls, churches, trail systems, city parks, ponds, and preserved green spaces.

“This is a significant step in our city’s development,” says Grand Prairie Mayor Ron Jensen in a statement. “Unlike many of our neighboring cities, we have the unique advantage of new development opportunities to our south that will drive the growth and prosperity of our city. We recognized the opportunity and took decisive action.”

Leading the development is Provident, a Dallas-based real estate firm that has created other master-planned communities across Dallas-Fort Worth, such as Preston Hollow Village and Hillstead in Collin County. Provident has plans to work nature into the space design with more than 1,600 acres of creek corridors and floodplain land.

Plans are ongoing for a centralized mixed-use walkable Town Center, complete with civic buildings and other commercial development. Further south on the property near Highway 67, light industrial uses and other private employment campuses are already underway, projects that will contribute vital tax dollars for city growth and future expansions.

“This level of placemaking is quite rare, and certainly not easy to execute, especially in a brand-new community," says Provident Managing Director Rylan Yowell in a statement. "We are committed to a long-term vision with a desire to be good stewards of the land."

A new four-lane road called Goodland Parkway will link Goodland to Grand Prairie at Tollway 360 and US Highway 287. It's set to open by December 2025.

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