The real estate market is definitely recovering as every few months a transaction creates a new record for the industry. The Crespi/Hick Estate in Dallas has been listed for an asking price of $135 million making it the most expensive home on the market in the US. The listing is being handled by Douglas Newby & Associates. Doglas Newby highlighted the fact that the home is an architectural masterpiece and a true example of the regal estates of the 1920s and 1930s. It is the old world charm of the home that is unparalleled and almost impossible to replicate. It is not just another trophy home but a luxury property with a history.
The Classic Home Was Designed by Maurice Fatio for Count Pio Crespi
Renowned architect of his time Maurice Fatio had designed the home for Italian Count Pio Crespi. The Italian Count had come to the US to lead the expansion of his wealthy family’s cotton empire in America. This estate is one of a kind as it has direct ties with the European Royalty. The estate is spread over 42,500 square foot but it is not just another big house but a house with great refinement. It is the kind of property you would not normally expect to see in Dallas which is a city associated with flash more than refinement. The estate is not just luxurious but artful. And another major advantage of the estate is its location which is just eight minutes from downtown Dallas. You simply can’t find a property of this size and scale so close to the downtown action.
Tom Hicks Has Invested Significantly in Renovating and Completing the Original Design
The current owner of the estate Tom Hicks appears on the Forbes billionaire list with a net worth of $1.4 billion. He once owned the baseball team Texas Rangers. He had purchased the estate 16 years ago and hired architect Peter Marino to complete the original architectural vision of Maurice Fatio. He spent as much as $2,000/square foot was carefully spent to renovate and complete the original Maurice Fatio-designed home. The estate is spread over 25 acres and features a main house along with a guest house and a pool house. There is opulence evident everywhere on the estate but its luxurious wood paneled library and panoramically windowed rotundas make it a classic. It is architecturally a significant home and that is one of the reasons of its astronomical price tag.