The last residential creation of architect Maurice Fatio, this Crespi Hicks Estates…
WHERE TO FIND
The last residential creation of architect Maurice Fatio, this Crespi Hicks Estates spread was renovated over the course of 10 years with the help of designer Peter Marino. The result: 42,500 square feet of living space including a mirrored barroom, a full-floor theater room, multiple kitchens, and an art-deco bar room.
The 25-acre grounds encompass two guest houses, a tennis court, several greenhouses, a treehouse, rose and vegetable gardens, and a second hidden driveway entrance onto the property, making it the largest single residential property in Central Dallas.
One of the reasons this estate is timeless is because it draws from 17th, 18th, 19th and 20th-century design and materials. One sees flourishes of the 1930s from the series of light fixtures in the main hall and from the Art Deco bar that was preserved and anchors the home to the period in which it was originally built. One also finds elements subtly blended into the home that originated in the royal houses and estates of Europe.
The price list for Crespi-Hicks Estate is estimated to be worth $135 million and it is listed with Douglas Newby of Architecturally Significant Homes.
Architecturally significant homes like the Crespi Estate have widely divergent prices. Some of these architect-designed homes are high concept homes, some are historic homes, and others are period modern homes.
It can be hard to understand the value because they do not have a 21st-century condition or finish. Other architecturally significant homes distract attention from the fabulous sites they are on that the original architect selected causing the home to sell for even less than the lot value.
Some architecturally significant homes go on the market at twice what they are worth or what they will sell for because the price misses the mark of what the current market requires.
The Crespi Hicks Estate is safe for wildlife by protecting the air, water, and soil by eliminating or reducing herbicide and pesticide use and adding compost to the soil.
Home gardens are an important building block, along with community gardens, parks, and other natural spaces, to replacing lost habitat which the estate posses for the comfort of the inhabitants.
This estate sits on more than 14 acres plus a roughly 3,300-square-foot guesthouse and a 4,800-square-foot pool house, Now, seven months after buying the 28,000-square-foot, 10-bedroom, 12-bath mansion on Walnut Hill Lane, Dallas-based investor and developer Mehrdad Moayedi has renovated and is attempting to flip it.
He has carved roughly 10 acres off the 25-acre estate to make room for five more building sites for luxury homes destined to rank among North Dallas He remodelled the main house, which dates to the 1930s, and put in a new entry, landscaping and winding drive.
After subtracting the new home sites on the front of the property along Walnut Hill, the European-style property also known as the Crespi estate is left with more than 14 acres plus a roughly 3,300-square-foot guesthouse and a 4,800-square-foot pool house.