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J.R. News

Southfork Ranch of Dallas fame gets new owner with big plans in the works

Teresa Gubbins
Oct 26, 2022 | 11:29 am
Southfork Ranch

Changes are coming to Southfork.

Photo courtesy of Southfork

Big changes are in the works for one of DFW's best known landmarks: Southfork Ranch, the property in Parker made internationally famous by the TV series Dallas, has been acquired by Centurion American Development Group, the development company owned by CEO Mehrdad Moayedi.

According to a release, the purchase includes 241 acres which span both sides of Murphy Road south of Parker Road and includes Southfork Mansion and Conference and Event Center.

Development plans include residential lots, with the size and number to be determined by Centurion and the City of Parker.

Thanks to the continued syndication of the Dallas series, viewers around the world receive a continued reminder as to the ranch's enduring tourist appeal.

In a statement, Moayedi calls Southfork one of the most important properties in DFW.

“We are looking forward to working with the City of Parker to determine the future of this historic property,” Moayedi says. “Southfork Ranch is one of the most important and beloved parcels of land in the metroplex with more than 400,000 visitors each year, and we’re proud to lead the team bringing it into its next evolution.”

Southfork Ranch joins other Centurion American Development Group projects underway in Collin County, including Collin Creek in Plano, Legacy Hills in Celina and the Villages of Hurricane Creek in Anna.

Since 1990, Centurion American has developed more than 30,000 single-family lots in dozens of communities surrounding North Texas.

The company is busy in the hospitality arena as well with its Refined Hospitality Concepts wing, overseeing the Statler Dallas hotel and restaurants such as Primo's MX, Bourbon & Banter, Scout, Overeasy, Waterproof, and Sfereco. They're also partnered with Richard Rawlings of Gas Monkey Garage fame on two new venues combining food, drink, and entertainment.

The stage was set for a Centurion takeover in July when Refined took over management of Southfork Ranch.

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Made-for-TV listing

Chip and Joanna Gaines put fixed-up Waco mansion on market for $7.4M

John Egan
Nov 3, 2026 | 10:44 am
​Gaines Fixer Upper mansion
Facebook/Magnolia Realty
A Waco mansion fixed up for TV by Chip and Joanna Gaines is on the market for $7.4 million.

A Waco estate that will star in Chip and Joanna Gaines’ latest TV series, Fixer Upper: Chip Bought a Mansion, has gone on the market for $7.4 million.

The more than 14,000-square-foot mansion sits on a 5.7-acre site at 5305 Hillcrest Dr. that boasts views of Lake Waco. The listing, held by Amanda Nesbitt of the Gaineses’ Magnolia Realty, says the home “will be thoughtfully reimagined to reveal a timeless, more neutral-leaning palette for a future owner.”

Listing photos show the pre-renovation state of the mansion.

The European-style mansion, featuring a red-brick and cast-stone façade, looks similar to luxury homes you’d find in Preston Hollow, Highland Park, and other high-end neighborhoods in the Dallas area.

A light-filled, two-story foyer with a floating staircase and ornate iron banisters greets visitors, as do parquet flooring and stately columns.

Gaines Waco mansion The mansion foyer before the renovation.Facebook/Magnolia Realty

Venturing into the six-year-old home, you’ll find six bedrooms and 11 bathrooms. The first-floor primary suite offers two bathrooms, several closets, and courtyard access. A guest suite comes with a bedroom, bathroom, living area, kitchenette, and private entrance.

Amenities include:

\u200bGaines Fixer Upper mansion

Facebook/Magnolia Realty

A Waco mansion fixed up for TV by Chip and Joanna Gaines is on the market for $7.4 million.

  • Private study
  • Billiard room
  • Media room
  • Wet bar
  • Wine cellar
  • Butler’s pantry
  • Gym with a steam shower

Outside, several covered porches, an outdoor kitchen, an infinity-edge pool, and a pond let residents and visitors soak up nature. A motor court and four garage bays provide ample space for parking.

As part of the Fixer Upper renovations, the home’s architectural details, such as trim, moldings, and millwork, “will be preserved and elevated in order for their craftsmanship to shine,” the listing says.

Gaines Waco mansion The mansion has a splendid view of Lake Waco.Facebook/Magnolia Realty

Meanwhile, the kitchen will be turned into the “central heart” of the mansion, according to the listing.

“Additional design refinements throughout the home will set an elegant, renewed vision for all that Hawkesdene Estate will become,” the listing says.

Fixer Upper: Chip Bought a Mansion, a six-episode series, is scheduled to debut Dec. 27 on the Gaineses’ Magnolia Network and HGTV. New episodes will be available to stream the next day on HBO Max, according to TV Insider.

Chip purchased the mansion three years ago as an investment property, People magazine reported. The series follows the Gaineses as they confront budget challenges and a three-month deadline to sell the property.

“This will be the biggest fixer we’ve ever done,” Joanna says in a clip from the show.

Chip and Joanna recently sold a 136-year-old Waco castle that served as the foundation of another series, Fixer Upper: Welcome Home – The Castle. They listed 6,176-square-foot Cottonland Castle at nearly $2.7 million. The sale price wasn’t disclosed.

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