Most Expensive Homes In North Texas

Here is the list of the most expensive home sales for 2011 in North Texas. Not surprisingly, the Park Cities (as Highland Park and University Park are collectively known) delivered 4 of the 10 most expensive sales, with the Preston Hollow area only accounting for two.

#10 - 1745 Turbeville Rd. (Hickory Creek)

List Price - $5.6M.

Sold Price - Not Disclosed

#9 - 4636 Chapel Hill (White Rock Lake)

List Price - $5.995M

Sold Price - Not Disclosed

#8 - 10340 Gaywood Rd. (Preston Hollow)

List Price - $6.495M

Sold Price - Not Disclosed

Only 26 days on the market!

#7 - 6900 Baltimore Dr. (Uber Swank Volk Estates in University Park)

List Price - $6.99M

Sold Price - $6.5M

Only last 14 days on the market!

#6 - 9338 Meadowbrook (Preston Hollow)

List Price - $6.795M

Sold Price - Not Disclosed

#5 - 6815 Baltimore Dr. (Volk Estates Lot in University Park)

List Price - 6.99M

Sold Price - $6.5M

Only 27 days on the market!

#4 - 3816 Turtle Creek Dr. (Private street that overlooks Turtle Creek)

List Price - $7.9M

Sold Price - Not Disclosed

#3 - 3711 Lexington Ave. (Highland Park)

List Price - $8.5M

Sold Price - Not Disclosed

Only 27 days on the market!

#2 - 3851 Windsor Ln. (Two Adjacent Lots in University Park)

List Price - $9.6M

Sold Price - Not Disclosed

#1 - 1850 Turbeville Rd. (Hickory Creek)

List Price - $15M

Sold Price - Not Disclosed

The Dirt In Highland Park Has Appreciated Over 500% Since 2006

4311 and 4321 Lakeside Dr., both listed at approximately 1.17 acres, have just been hoisted on the market for a mind-boggling $16,225,000 and $15,100,000, respectively. Something about this new listing just isn't adding up. Literally. Nearly everyone knows the piece(s) of land I'm talking about. The gorgeous treed corner lot where Lakeside Dr., Preston Rd., Oaklawn Ave. and Armstrong Ave. all meet. Or some of you many know it as the piece of land across the street from where Dallas Cowboys owner, Jerry Jones, lives.

So, the short history of these lots is they were both comprised of 4310, 4311, 4320 and 4330 Lakeside Dr. and they were all four listed for sale together in the MLS back in 2004 under one address, 4311 Lakeside Dr., for $7,500,000. The entire property eventually sold after a whopping 673 days (almost 2 years) on the market for a meager $6,025,000. While the property's owner is listed in the tax rolls as the Town of Highland Park, I seem to recall chatter that a neighbor who lives on Armstrong purchased the property to make sure the property sold to a nice individual that would want to build a HUGE single family residence on the property, as opposed to a church or some other commercial development. But who knows if that's true or not. I certainly don't.

Anyway, a few days ago I saw a couple new lots listed for sale in Highland Park with the addresses 4311 and 4321 Lakeside Dr. And then I see the redonkulous list price! I quickly whipped out my trusty TI-82 calculator to discover that the appreciation rate from $6,025,000 in 2006 to over $31,000,000 in 2010 is a nonsensical 520% appreciation rate over 4 years.

Sure this piece of land is desirable, but $6M to over $30M in 4 years for the same exact piece of dirt? Am I missing something here?

Is this the Most Expensive Lease Property in Dallas?

I'm talking about Casa Bellamini, of course. I mean, who doesn't have $50K a month to spend these days? To be fair, the monthly rate includes maid service, a private chef, and a full time butler and house manager. Good Lord. To put this into perspective, if you make over $1 million a year you probably still can't afford to lease this place.

This home is also for sale with an asking price of $7.9M, which is a far cry from the original asking price of $13M. That's a whopping $5M price reduction! Check out the home's website here. I've seen this home a few times and I have to say it is breathtaking. My favorite feature is the pedestal sink in the master steam shower. Perfect for a man (or woman) who prefers to shave while in the shower.

$12 Million Spec Home in Highland Park Up For Grabs

4223 Bordeaux Ave. just hit the market for a cool $11.995 million. This is another high priced home built by Andrew Merrick and designed by Robbie Fusch. This home comes complete with a basement, 1,800 bottle walk in wine cellar and 6 car garage all spread out over roughly 14,000 sf on one of the most beautiful streets in Highland Park

There are currently 8 homes on the market in North Texas over $10 million dollars with 5 of those being in the Park Cities.

Well. What are you waiting for? Make an offer! I bet they would take $11,900,000 for it.

See the virtual tour here. (If you're into that)