tamtagon wrote:OMG someone bought the top floor?!?! was the selling price published?
Crazy to believe it, but Dallas has now become a place where the most expensive condos are as pricey as the most expensive house estates. With Museum Tower approaching 90% sold, and the Ritz finally putting it's most expensive units on the market, I think it's safe to say we've crossed an important though teeny-tiny submarket threshold... the foundation has been laid for ultra-delux highrise ownership.
Haven't seen even a hint of the selling price. The last asking price I saw was $13.5 Million, so less than that.
It would be crazy indeed to believe that the most expensive condos are as prices as the most expensive house estates.
Because it's not true.
How many 'house estates' are for sale in Dallas County for more than $10 million?
From the paper today, this house is like a dream! Not sure how much land comes with it...
For just $14 million, Dallas home buyers can pick up a little piece of the Mediterranean without having to leave the city.
The three-story, 14,179-square-foot house at 4926 Deloache Ave. in Old Preston Hollow has seven bedrooms, eight full and five half bathrooms, seven living spaces and a pool and spa. And with Spanish-style roofing and actual Spanish tile floors, it's the closest thing to Asturias this side of the Atlantic.
There's a media room with stadium seating, enough space to entertain 200 guests, a wood-paneled library and a basement wine cellar with room for 5,000 bottles of the finest vino available.
The house has been on the market for several months, but at price tags like this, Swanson said it can often take three or four years to find the right fit.
That there's an apartment in a troubled highrise listed at about the same price point, and that apartment sold is significant. The hyperbole in some of my booster club observations are gross to me too sometimes, but the threshold was crossed - an apartment sold for (probably) more than $10 million. Just because it's an even number, the next milestone is $20 million, which would approach the top floor of Dallas County residential sales.
I will say, though, that even I don't to know if Dallas will ever have apartments reaching an appraised value comparable to estates like that one Beal bought from Hicks. Could you imagine?