Dallas' Most Expensive Estate Is No Longer on the Market

Dallas' most expensive house is no longer listed for sale.And nobody is talking about what's up with the mega-mansion that was previously known as the Hicks Estate.Built in the 1930s on Walnut Hill Lane, the 14-acre property until recently was listed for sale at more than $38 million.The 27,000-square-foot, 10-bedroom, 5-bath 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 3,347-square-foot guesthouse and a 4,836-square-foot pool house.Built by an Italian-born cotton baron, Pio Crespi, the French chateau-inspired house is covered in decorative ironwork.The estate has already passed through the hands of three different owners in recent years.Tom Hicks sold the property to Dallas banker Andy Beal. And Beal peddled the palace to Moayedi after owning it for less than two years.Both Moayedi and sales agent Allman aren't talking about what's up with the property.But there's chatter in the North Dallas real estate community that the estate could be changing hands soon.  Continue reading...

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