Dallas Oilman Sells $15.9 Million University Park Manse

Dallas oilman Trevor Rees Jones has sold his almost 2-acre University Park estate.The 12,458-square-foot mansion on Turtle Creek was built in 1996. The English Tudor Revival house has five bedrooms, six and a half baths and eight fireplaces.It was built of limestone imported from England and assembled by English craftsmen.The Volk Estates property was listed for sale for $15.9 million.Kathy Myers and Lacy Schultz of Dave Perry-Miller Real Estate sold the house for an undisclosed price."Homes in this price range perform differently," Schultz said in a statement. "Currently there are 12 homes on the market in the $10 million to $25-million range in the Park Cities and Preston Hollow vicinity that have been on the market for a while."Two of these 12 homes have just gone under contract," she said. "I think this is indicative of an active spring market for estate properties."She said Perry-Miller Real Estate has the two pending contracts on the top-market homes.In 2017, North Texas real estate agents sold 1,652 single-family homes priced at $1 million or more. That was a 21 percent jump in million-dollar home sales from 2016.  Continue reading...