The Dallas Morning News
Dallas’ most expensive mansion off the market
Lips are sealed about status of Hicks Estate, which had been listed over $38 million
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.