Dal­las’ most ex­pen­sive man­sion off the mar­ket

Lips are sealed about sta­tus of Hicks Es­tate, which had been listed over $38 mil­lion

The Dallas Morning News - - BUSINESS - By STEVE BROWN Real Es­tate Editor steve­brown@dal­las­news.com Twit­ter: @Steve­browndmn

Dal­las’ most ex­pen­sive house is no longer listed for sale.

And no­body is talking about what’s up with the mega­man­sion pre­vi­ously known as the Hicks Es­tate.

Built in the 1930s on Wal­nut Hill Lane, the 14­acre prop­erty un­til re­cently was listed for sale at more than $38 mil­lion.

The 27,000­square­foot, 10­bed­room, five­bath man­sion has been owned since 2017 by de­vel­oper Mehrdad Moayedi.

Moayedi re­mod­eled parts of the grand house — also known as the Crespi Es­tate — and put it on the mar­ket last year with Dal­las real es­tate agent Allie Beth All­man.

The es­tate also in­cludes a 3,347square­foot guest­house and a 4,836square­foot pool house.

Built by an Ital­ian­born cotton baron, Pio Crespi, the French chateau­in­spired house is cov­ered in In­di­ana lime­stone and dec­o­ra­tive iron­work.

The es­tate has passed through the hands of three own­ers in re­cent years. Tom Hicks sold the prop­erty to Dal­las banker Andy Beal. Beal ped­dled the palace to Moayedi af­ter own­ing it for less than two years.

Moayedi and sales agent All­man aren’t talking about the sta­tus of the prop­erty. But there’s chat­ter in the North Dal­las real es­tate community that the es­tate could be chang­ing hands soon.

Allie Beth All­man

The 10­bed­room, five­bath man­sion on Wal­nut Hill Lane, built by cotton baron Pio Crespi, has been owned since 2017 by de­vel­oper Mehrdad Moayedi. He did some re­mod­el­ing and put it on the mar­ket last year.

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