5323 Park Lane Sold, Closed, Most Expensive Dallas Real Estate Transaction To Date?
The beautiful Preston Hollow estate of Joyce and Larry Lacerte closed yesterday, opening a new chapter for one of Dallas’ largest homes that has entertained scores of dignitaries and raised millions for Dallas charities. The seller’s agent, Ralph Randall of Dave Perry-Miller, an Ebby Halliday Company, is likely depositing his commission check(s) at several Dallas banks to ensure FDIC coverage. The 26,620 square foot home is set on almost 9 acres of land in the honeypot of Old Preston Hollow. The estate was constructed circa 1991-1993 by a team including architect Cole Smith, Smith/Ekblad & Associates, Sherry Hayslip-Smith, Hayslip Design Associates and Cole Smith, Jr., Crowbar Contractors. It contains a racquetball court, exercise room and locker rooms adjacent to a near Olympic-sized natatorium, bowling alley, wine cellar with tasting room, an Orangerie conservatory overlooking interlocking Koi ponds loaded with about a million dollars worth of Koi, tennis court, baseball diamond and a private lake. Ralph Randall now rules as the high priest of Dallas’ most expensive real estate. Agent to the John Muse family, he participated in the sale of the most expensive home in Highland Park when he helped John and Lyn acquire their lot at 4800 Preston Road, and Ralph has now sold the most expensive home in Old Preston Hollow to date.
From what I hear, 5313 Park Lane was originally listed last year for $45 million, recently lowered to just under $40 million. ( Zillow had it “zestimated” at $26,063,000.) According to my sources, it sold for about $30 million-ish, and the buyer, Kelsey Warren, asked for an outside appraisal. Buyer’s agent was Rosie Waters of Allie Beth Allman and Associates, who is married to football legend Charlie Waters, who I believe works for Mr. Warren.
The Lacerte home has entertained, among others, Prince Edward, former President George W. and Laura Bush, Senator Kay Bailey Hutchison, Jaap van Zweden, and Caroline Rose Hunt, among others, plus feted countless Dallas charity galas and pre-galas.
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So who is Kelsey Warren?
I had the honor of walking the grounds of this property about a year ago, it is amazing, looks like it belongs in a movie!! I was told there are over a million dollars worth of fish in the coi pond.
Kelcy Warren
CEO & Chairman of Energy Transfer Partners, L. P. (ETP)
http://www.energytransfer.com/SeniorManagement.asp
@alex, who told you that? the posting, perhaps?
I’ve noticed that several of the recent multi-million dollar homes in Preston Hollow were sold by Allie Beth Allman & Associates. They were listed with other brokerages, but Allie Beth Allman & Associates brought the buyers.
Buyers typically are new to an area. They tend to look for the discount brokerages. Sellers on the other hand, look for the best.
@ Susan – all of the buyers for the large transactions recently in Preston Hollow were not new to the area. Don’t be jealous.
The buyer of this particular property employs the spouse of the Allie Beth Allman & Associates agent. That’s probably the only reason Allie Beth Allman & Associates was involved. Nice try, though.
How long did this house take to build?
Allie Beth Allman and Associates is one of Dallas’ premier luxury firms. If you doubt this, check their website – http://www.AllieBethAllman.com You will find that they represent the sellers of about 200 multi-million dollar homes. Dallas is fortunate to have a number of very fine firms specializing in upper-tier properties. Allie Beth Allman and Associates is one of them.
@Real Question: About three years, but the baseball diamond and Orangerie were added in later years.