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    Home For Sale

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

    Teresa Gubbins
    Oct 31, 2025 | 3:34 pm

    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. 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.

    Rachofsky House 8605 Preston Rd.

    JA2 / Compass

    Rachofsky House 8605 Preston Rd.

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    Going Down

    This Dallas suburb saw 5th biggest drop in home prices in U.S. in 2026

    Amber Heckler
    Apr 16, 2026 | 9:08 am
    Women walking in Plano
    Photo courtesy of City of Plano
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    Good news for potential Dallas-area homebuyers: Housing prices in Plano have come down nearly $30,000 since last year.

    Typical home values in Plano have fallen 5.1 percent since February 2025, now standing at $501,564, down from $528,510.

    The new housing study from SmartAsset analyzed home values across the 100 biggest metro areas using Zillow’s Home Value Index tool for single-family homes, condos, and co-ops. Home value data was sourced for the month of February in 2021, 2025, and 2026.

    Plano is joined by Oakland, California (No. 1); Saint Petersburg (No. 2); Naples, Florida (No. 3); and Austin (No. 4) as the top five U.S. cities with the biggest one-year home price reductions in the U.S.

    Housing prices in Dallas-Fort Worth have been on the decline since 2024, a separate study found, but SmartAsset said they're still a whopping 32.4 percent higher than they were in 2021. And compared to Plano's pre-pandemic housing market in 2019, prices have ballooned by 44.1 percent.

    Here's how much cheaper housing prices are in other North Texas cities:

    Dallas:

    • One year change: -3.79 percent
    • Typical home value in 2025: $317,550
    • Typical home value in 2026: $305,523

    Arlington:

    • One year change: -3.41 percent
    • Typical home value in 2025: $318,649
    • Typical home value in 2026: $307,792

    Fort Worth:

    • One year change: -3.08 percent
    • Typical home value in 2025: $305,236
    • Typical home value in 2026: $295,822

    DFW homeowners are also entering the best time of the year to sell their houses, which could add a sudden sense of competitiveness for buyers.

    Home prices elsewhere around the U.S. have seen varying changes, according to the report.

    "Between 2025 and 2026, the typical home value in large U.S. cities actually declined by 1.04 percent, with values dropping in 70 percent of cities," the report's author wrote. "But the full range of changes from market to market ran the gamut from -9.1 percent to +5.01 percent, putting both hopeful buyers and homeowners in starkly different environments across the nation."

    The top three U.S. cities where home prices increased the most since 2025 are Toledo, Ohio (No. 2); Lincoln, Nebraska (No. 2); and San Francisco (No. 3).

    The 10 cities with the biggest one-year decreases in home values are:

    • No. 1 – Oakland, California
    • No. 2 – Saint Petersburg, Florida
    • No. 3 – Naples, Florida
    • No. 4 – Austin
    • No. 5 – Plano
    • No. 6 – Aurora, Colorado
    • No. 7 – Denver
    • No. 8 – Atlanta
    • No. 9 – Stockton, California
    • No. 10 – Tampa
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