News Summary
The Crespi Estate in Preston Hollow, Dallas, has been listed for $64 million, making it Texas’s most expensive home on the MLS. Spanning over 15 acres, the estate features a luxurious mansion and notable amenities, reflecting both historical elegance and modern luxury. With a rich history of illustrious guests and a blend of private and entertaining spaces, this property offers a unique opportunity for buyers in the luxury real estate market.
Dallas – The Crespi Estate, located at 5619 Walnut Hill Lane in Preston Hollow, Dallas, has hit the market with a listing price of $64 million, making it the most expensive home listed on the MLS in Texas. This exclusive property covers over 15 acres and includes the main mansion as well as three additional adjacent lots. The estate’s impressive features and historical significance come together to create a remarkable opportunity for potential buyers.
This new listing is a notable increase from previous unsold prices of $60 million in 2023 and $47 million in 2024. These recent listings highlight the estate’s long-standing desirability and its unique position within the luxury real estate market of Texas. In total, the Crespi Estate encompasses approximately 27,092 square feet of luxurious living space, designed in 1938 by Swiss architect Maurice Fatio for Italian Count Pio Crespi. The mansion boasts 10 bedrooms and 12.5 bathrooms, including a sprawling 3,000-square-foot primary suite with separate bathroom suites for privacy and comfort.
The estate is not only defined by its size but also by its lavish amenities, which are a blend of historical elegance and modern enhancements. Features of the mansion include a grand ballroom, two wine cellars, an Art Deco bar, and an exceptional library that has been imported from France, complete with exquisite paneling from the 1820s. These spaces reflect the opulence associated with historical properties while offering modern luxury.
The Crespi Estate has a rich history of illustrious guests, including notable figures such as Coco Chanel, Maria Callas, and the Duke and Duchess of Windsor, who were entertained during the estate’s previous ownership. Furthermore, the luxurious estate has been revamped by architect Peter Marino, adding a guest house and a 4,800-square-foot entertainment pavilion equipped with a 19-seat theater to the property’s allure.
Modern features add to the estate’s uniqueness, such as a sensory deprivation float tank, a panic room, and expansive outdoor amenities including swimming pools, tennis courts, bocce ball courts, and beautiful gardens. The estate even has its own heliport, further cementing its status as a luxury property. Landscaping is supported by a well that extends approximately 1,500 feet deep, providing essential irrigation for the estate’s grounds.
The Crespi Estate is also known for its high level of privacy. Previous ownerships allowed the division of around 10 acres for potential luxury residential development, showcasing the property’s versatility and future prospects. The grounds are well-maintained and provide a tranquil escape, shielded from the surrounding neighborhood.
Historically, the estate has frequently changed ownership, with notable figures including Tom Hicks, Andrew Beal, and Mehrdad Moayedi in its past. Each owner contributed to the estate’s grandeur, ensuring it remains a symbol of affluence and elegance in Dallas.
The current listing is being handled by Dallas-based Pogir and Diane DuVall of Briggs Freeman Sotheby’s International Realty, marking another chapter in the storied history of this exceptional estate. Interested buyers looking for a combination of luxury, privacy, and historic character in the heart of Texas may find the Crespi Estate to be an unparalleled opportunity.
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Additional Resources
- PaperCity Magazine
- Realtor.com
- WFAA
- Shreveport-Bossier Advocate
- Dallas News
- Wikipedia: Crespi Estate
- Google Search: Crespi Estate Dallas
- Google Scholar: Crespi Estate Dallas
- Encyclopedia Britannica: Crespi Estate
- Google News: Crespi Estate
Author: STAFF HERE DALLAS WRITER
DALLAS STAFF WRITER The DALLAS STAFF WRITER represents the experienced team at HEREDallas.com, your go-to source for actionable local news and information in Dallas, Dallas County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as the State Fair of Texas, Deep Ellum Arts Festival, and Dallas International Film Festival. Our coverage extends to key organizations like the Dallas Regional Chamber and United Way of Metropolitan Dallas, plus leading businesses in telecommunications, aviation, and semiconductors that power the local economy such as AT&T, Southwest Airlines, and Texas Instruments. As part of the broader HERE network, including HEREAustinTX.com, HERECollegeStation.com, HEREHouston.com, and HERESanAntonio.com, we provide comprehensive, credible insights into Texas's dynamic landscape.
