Home For Sale

Dallas' famed Rachofsky House art palace is for sale for $23 million

One of Dallas' most famous homes is for sale: the legendary Rachofsky House, an architectural wonder designed by Richard Meier and famous around the world as an art palace, has been listed for sale for $23,000,000.

Located at 8605 Preston Rd., the home was a residence for famed art collectors Howard and Cindy Rachofsky, who've hosted some of Dallas' most iconic art-world events, thereby putting Dallas on the international art collector map.

As a story by Architectural Digest notes, the home — set well back by a hundred yards from Preston Road — is distinguished not only by Meier’s white, metal-paneled exterior, but also the natural setting where it resides, with ancient oaks and a lagoon-like pond set on 3.20 acres.

Inside, the home spans 9,062 square feet with two bedrooms and six bathrooms.

The listing, by Faisal Halum of Compass, traces the journey from the adorned entry gallery past a glass-enclosed stairwell and toward the dining area, where floor-to-ceiling windows reveal a lush, evolving backdrop. Volumes open into one another: a soaring double-height living room, a removed primary suite, and a suspended study and fitness studio overlooking the grounds.

Rachofsky House 8605 Preston Rd.JA2 / Compass

Outside, a black granite patio, reflecting pool, private lake, and sculpture-dotted lawn extend the architecture into nature, blurring where dwelling ends and landscape begins.

“The interplay of opaque walls and glass panes form space, while the framed views of the landscape flow from the interior. The sophisticated relationships of site to building, house to pool and solid to void reveal a depth of understanding about the human perception of space, distance and boundary,” notes the American Institute of Architects.

More than a feat of architecture, the Rachofsky House is attuned to the rituals of daily life — balancing public grandeur and private intimacy: Morning light reaching across a breakfast table, elevator doors softly opening at each level, a pause at dusk beside the water’s edge.

The sale of the house follows the 2024 finale of the Rachofskys' annual TWO X TWO fundraising event. Howard Rachofsky told Artnet News that he's been dealing with estate planning, with a goal to sell the property to someone who understands the significance of the space, "that the house is 'an artwork' and 'part of a community.'" They began seeking a buyer in April.

JA2 / Compass

Rachofsky House 8605 Preston Rd.

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REAL ESTATE NEWS

Dallas ranks No. 9 among U.S. cities for canceled home sales in 2025

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Homebuyers across the United States are ghosting sellers at record rates, and Dallas has some of the worst offenders. Real estate marketplace Redfin tracked which metros saw the most buyers getting cold feet before closing real estate deals: Dallas came in at No. 9.

Redfin says 17.7 percent of Dallas home purchases were called off in September 2025, an increase from 16.4 percent in September 2024.

Fort Worth was even worse, landing at No. 4. In September, 18.7 percent of Fort Worth home purchases were called off, up from from 16.6 percent the previous year.

By comparison, San Antonio ranked No. 2 overall, with the highest pull-out rate in Texas, at 19 percent.

Tampa, Florida, topped the list with a cancellation rate of 20.1 percent. The national average is 15 percent.

Redfin says Goldilocks thinking is largely to blame for the rise in buyers "ghosting" sellers. A lack of compromise on concessions and repairs is driving the trend, with buyers refusing to accept imperfect homes.

Meanwhile, sellers want to avoid losing money on the deal. This is especially true of homeowners who bought during the COVID-19 boom, who are holding their asking price firm to avoid taking a loss. With plenty of homes on the market in "Sun Belt" cities — in some place, more than twice as many sellers than buyers — buyers are weighing all options.

“I’m seeing a lot of buyer’s remorse,” explained Redfin agent Jo Chavez, in a release. “Buyers make an offer, then they start worrying they could have found a better deal or a better home because there are more home sellers than buyers in the market. Some other buyers are backing out because they’re concerned about job security.”

The top 10 markets with the most sideways deals include:

No. 1 — Tampa, Florida
No. 2 – San Antonio, Texas
No. 3 — Atlanta, Georgia
No. 4 — Orlando, Florida
No. 5 — Fort Worth, Texas
No. 6 — Riverside, California
No. 7 — Fort Lauderdale, Florida
No. 8 —Jacksonville, Florida
No. 9 — Dallas, Texas
No. 10 — Las Vegas, Nevada

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