The Crespi Estate: A Dallas Landmark and a $64 Million Dream
The Crespi Estate, a Dallas landmark built for an Italian count almost 90 years ago, is back on the market with a bigger asking price. The 27,000-square-foot limestone mansion has been considered North Texas’ most expensive home, and its return to the market is a significant event in the real estate world.
A Priceless Property
The Crespi Estate, located at 5619 Walnut Hill Lane, is priced at $64 million, making it the priciest active MLS listing in Dallas-Fort Worth. The price tag covers the 12 acres upon which the mansion sits and an additional 3.7 acres to the north, which backs up to the home of former President George W. Bush.
A History of Luxury
The estate was built in 1938 for Count Pio Crespi, a wealthy Italian cotton baron who came to Texas with his eyes on expanding the family business. Designed by Swiss architect Maurice Fatio, the Preston Hollow home has hosted celebrities, presidents, and dignitaries throughout its history. It has had no shortage of famous owners, including former Dallas Stars and Texas Rangers owner Tom Hicks, banker Andrew Beal, and developer Mehrdad Moayedi.
A Masterpiece of Architecture and Design
The Crespi Estate is a masterpiece of architecture and design, with a facade reminiscent of homes found in the south of France. The mansion features 10 bedrooms, 12 full bathrooms, and five partial baths, as well as two wine cellars, a sensory deprivation float tank, and a panic room with enough oxygen for four people to survive more than a day. The primary suite is 3,000 square feet and has separate bathroom suites, while the ceilings reach 14 feet on the first and second floors.
Amenities Galore
The estate’s grounds are equally impressive, featuring a 3,300-square-foot guest home, a greenhouse, a 4,800-square-foot pool house and recreation complex with a 19-seat theater, a lighted helipad, a country club-size pool, a creek, and a waterfall. The property is a true oasis, with its own private world, hidden from the outside world.
A One-of-a-Kind Property
"This is like you’re in another city," said Pogir, who is handling the listing with Diane DuVall of Briggs Freeman Sotheby’s International Realty. "You’re not even in Dallas. You don’t even know. You can’t see any buildings. You can’t hear anything. It’s beautiful — magical."
A New Price and a New Opportunity
The Crespi Estate is listed for $64 million, a significant increase from its previous price of $47 million. The new price reflects some of the touch-up work done by the current owners on the sculptures, statues, and landscaping throughout the property.
"We’re including the extra land because it’s worth a fortune," Pogir said. "We’re being very fair at $64 million. … All we need is one person around the world who wants to have the most special home in Texas."
FAQs
Q: What is the asking price of the Crespi Estate?
A: $64 million
Q: How many bedrooms and bathrooms does the estate have?
A: 10 bedrooms, 12 full bathrooms, and five partial baths
Q: What amenities does the estate offer?
A: A 3,300-square-foot guest home, a greenhouse, a 4,800-square-foot pool house and recreation complex, a lighted helipad, a country club-size pool, a creek, and a waterfall
Q: Who is handling the listing?
A: Pogir and Diane DuVall of Briggs Freeman Sotheby’s International Realty
Q: What is the history of the estate?
A: The estate was built in 1938 for Count Pio Crespi, a wealthy Italian cotton baron, and has had a number of famous owners throughout its history.
