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    Closet Mansion For Sale

    Texas socialite hopes to flip mansion with now-famous closet for $12.9 million

    Barbara Kuntz
    Dec 14, 2014 | 11:51 am

    Texas socialite, fashion designer and now house-flipper Theresa Roemer is attemping to sell her 17,315-square-foot Houston mansion — including the now-famous, three-story closet (sans the designer goodies) — for a cool $12,900,000.

    "We bought the house as an investment and always said that we would fix it up and put it up for sale," Roemer, also the listing agent, said in a phone interview. The property, located at 47 Grand Regency Circle in The Woodlands, hit the market last week.

    "If it sells, we will make a crapload of money. If not, we can live happily ever after here."

    A bit of background
    Roemer's fantasy "she cave" closet was first featured on a Neiman Marcus blog in July and later was picked up by outlets such as Good Morning America and Cosmopolitan magazine. The 3,000-square-foot triple-decker space houses jewelry and handbags on the first floor; on the top level are furs and hats. The shoe "department" and vanity parlor on the second floor boasts a champagne bar for high-style partying, and Roemer has hosted fundraisers there.

    "If it sells, we will make a crapload of money," Theresa Roemer said. "If not, we can live happily ever after here."

    In August, her closet was burglarized, and the still at-large thief was captured on surveillance video taking close to $1 million in accessories, such as jewelry, watches and numerous pricey Birkin bags. Just days later, the alleged thief sent several items to the Houston Press that he said he had stolen, asserting they were fake.

    The alleged burglar said that he had contacted Roemer, asking for $500,000 to return the items and "not expose her to the news." Roemer instead contacted Montgomery County authorities.

    Today and the house
    Roemer and her oilman husband, Lamar, redesigned the private sanctuary, formerly owned by minister Kirbyjon Caldwell, in 2013. The towering water features out front set the tone. Inside, light pours in from 20-foot-tall walls of floor-to-ceiling glass in the entry, where an enormous Swarovski crystal chandelier hangs.

    More features include two kitchens (one a commercial-grade catering kitchen), as well as formal dining with glass water wall, wine tasting room, entertainment room, gym, home theater, and spa and salon with tanning bed. The master retreat with spacious sitting area is one of nine to 10 bedrooms; there are 10 full and three half-baths.

    Outside, a summer kitchen and covered veranda sit at the edge of a large swimming pool with back-lit water wall and fountains. The entire backyard overlooks a lake and the golf course.

    And then there's the closet.

    Roemer, who will unveil a new line of luxury candles at Neiman Marcus in Houston on December 17, takes a philosophical attitude about the loss of the much-talked-about space.

    "If I build another [house], it will have another fabulous closet," she said.

    Theresa Roemer at home in her much-talked-about closet.

      
    Photo by © Chinh Phan Courtesy of Neiman Marcus
    Theresa Roemer at home in her much-talked-about closet.
    unspecified
    news/real-estate

    Suburbs news

    North Dallas neighbor ranks as No. 1 most affordable city in U.S.

    Amber Heckler
    May 12, 2025 | 4:05 pm
    Downtown McKinney
    Photo courtesy of City of McKinney
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    A Dallas suburb has landed on top of a new list of the most affordable places to live: McKinney ranked No. 1 based on its relative cost of living and high median household income.

    The report by personal finance experts Motley Fool Money, "The 10 Most Affordable Cities With High Salaries and Low Costs of Living," compared hundreds of U.S. cities based on their income-to-expense ratio, where a higher ratio means better affordability. Median income was sourced from U.S. Census data, while cost of living was taken from a 2024 cost of living index from the Council for Community and Economic Research.

    McKinney had the highest income-to-expense ratio (1.55) out of every U.S. city on the list to claim the No. 1 spot as the most affordable place to live. According to the report's analysts, McKinney's cost of living index is three points below the national average.

    Residents in this Dallas suburb make a median income of $116,654, a staggering 43 percent higher than the national median. That's more than enough to cover the report's estimate of $75,348 for the city's cost of living.

    Motley Fool Money says McKinney is alluring for "mid-career Americans."

    "The average age [in McKinney] is 37 and the median property value is $440,000, which is about $20,000 higher than the national median home sales price," the report's author wrote. "The largest industries are professional, scientific and technical services, retail, and healthcare."

    Plano also earned a spot in the top 10 most affordable places to live, coming in at No. 6 with an income-to-expense ratio of 1.28.

    The findings show Plano households make about $108,594 in median annual income to offset an $84,931 cost of living estimate. No wonder residents are happier here than in any other city in Texas.

    Plano Arts DistrictPhoto by David Downs/Visit Plano

    Plano's economy is the strongest factor attracting people to this popular suburb, as well as greater Dallas-Fort Worth's entrepreneurial spirit.

    "Toyota Motor North America has its headquarters in Plano, and other large companies have significant footprints there including JPMorgan, JCPenney, and Frito-Lay," the report said.

    Plano also excels as one of the best places to raise a family, demonstrating the city's true versatility for both career-focused and family-focused Americans.

    Though both McKinney and Plano ranked on the list of the most affordable cities to live, neither appeared in Motley Fool Money's separate ranking of the cheapest places to live. Earning the No. 1 spot in that category was Decatur, Illinois.

    The only Texas cities to rank on the list of the cheapest places to live were the Rio Grande Valley cities of Edinburg (No. 3) and Harlingen (No. 6), as well as Amarillo (No. 10) in West Texas.

    The top 10 most affordable places to live in the U.S. are:

    • No. 1 – McKinney, Texas
    • No. 2 – Morristown, New Jersey
    • No. 3 – Edmond, Oklahoma
    • No. 4 – Midland, Texas
    • No. 5 – Austin, Texas
    • No. 6 – Plano, Texas
    • No. 7 – Joliet, Illinois
    • No. 8 – Kansas City metropolitan area
    • No. 9 – Atlanta, Georgia
    • No. 10 – Charleston, South Carolina
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    news/real-estate
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