Beal Bank founder buys North Texas’ largest home for $100 million
Andy Beal buys estate previously owned by Tom Hicks
A spectacularly massive home that already broke records for its size is about to break records for its price tag as well.
According to a report from the Dallas Morning News, the largest and perhaps most notorious home in North Texas has found a buyer, as Andy Beal, the billionaire founder of Beal Bank, has reportedly agreed to buy the home of Dallas businessman Tom Hicks for $100 million.
The price tag would set a record for the most expensive residential real estate sale in Dallas history.
Hicks’ home is the stuff of legend for those in the North Texas area.
It sits on 25 acres, features a 27,000-square-foot main house, a 6,400-square-foot guesthouse and a 9,194-square-foot “recreation building” with a full-size movie theater in the basement.
The main house’s master bedroom suite alone checks in at 3,000 square feet, larger than many people’s homes by itself.
Last March, Hicks put the home on the market for $100 million, but that was a significant drop from the $135 million he previously listed the home at.
Hicks and his wife bought the home in 1997, and subsequently expanded it in extravagant fashion.
From the Dallas Morning News:
The former Crespi Estate was totally rebuilt and substantially enlarged starting in 2000.
“The renovation took 33 months with 250 people a day working on the house,” said Allie Beth Allman’s David Nichols.
Once the work was done, the three-story house featured more indulgences than any human could possibly need.
More details on the home from Forbes:
Among the home’s outrageous amenities are a library paneled in 19th-century Italian walnut and burl, a main kitchen tiled in 10th-century Dutch Delft manganese tiles, a mirrored art-deco bar room, and an exercise room. The pool house boasts an outdoor living room and kitchen, an indoor catering kitchen, a massive game room, and a home theater spanning an entire floor. The grounds encompass two guest houses, a tennis court, several greenhouses, a tree house, rose and vegetable gardens, and a second hidden driveway entrance onto the property.
The Dallas Morning News report states that the deal is not confirmed, but Beal is the suspected buyer.
And once the deal closes, the most extravagant home in Dallas will have a new person sleeping in the bedroom large enough to be most people’s house.
Must be nice…