For sale: Most expensive home in the U.S.

A 1939 estate in Dallas is being offered at $135 million. The home, designed by one of the top architects of its time, was meticulously expanded and restored by the current owners.

By Teresa at MSN Real Estate Mar 7, 2013 3:51PM

Post begins below video

The Crespi/Hicks Estate (© Douglas Newby)Everything’s bigger in Texas, and the Lone Star State has taken the title as the locale with the most expensive home for the sale in the United States.

 

The Crespi/Hicks estate in Dallas is on the market for $135 million. For that price, you get a big home: 28,996 square feet on 25 acres within eight minutes of downtown. Plus, there is a 7,200-square-foot pool house and a 6,300-square-foot guest house.

The home is owned by Tom and Cinda Hicks, who spent five to 10 years and close to $100 million expanding and remodeling, according to Candy Evans of Candy’s Dirt. But now that their six children are grown, they have decided it’s time to downsize. Hicks, an investment banker, is the former owner of the Dallas Stars hockey team and the Texas Rangers baseball team.

 

The home was built in 1939 for Pio Crespi, an Italian count who came to the United States to establish the cotton trade between the United States and Europe. He and his wife, Florence, were, as the Dallas Morning News’ Pop Culture blog put it, "jet-setters before there were jets." The two fell in love when both were married to other people, and Florence’s husband sued Pio in 1929 for “alienation of affection.” The spurned husband won, but only $10,000, not the $1 million that he had sought.

After the trial, the couple married and built the grand home they called Villa Fiorenza – though they built it only half as large as initially envisioned, in deference to the Depression. They lived there until their deaths, Pio in 1969 and Florence in 1999, at age 100.

The architect was Maurice Fatio, who also designed homes for E.F. Hutton and the Vanderbilts and was considered one of the top architects of his time in New York and Palm Beach, Fla. The Crespis brought in artisans and unique materials from Europe, building a European-style home with timeless proportions and unique materials. It was also the first home built in Dallas with central air conditioning and central heating.

The Hickses bought the house after Florence Crespi died, and Cinda Hicks hired New York architect Peter Marino to update and expand the home, staying true to Fatio’s style.

 

Unlike many megamansions, the home is widely praised in architectural circles. It’s considered one of the most architecturally significant homes in Dallas and perhaps in the United States.

 

Much of the information on it is written by Douglas Newby, who is the listing agent and also writes the Dallas Architecture Blog. He has a number of posts about the home, a video and lots of photos, including some of the original construction.

 

Photo: © Douglas Newby

 

 
379Comments
Jan 1, 2014 7:56PM
avatar
So, I had to listen to him talk forever and never got to see the house! What a rip off!
Apr 25, 2013 6:42AM
avatar

Kevin

You are a Class A moron!!  The sooner you move to Russia, the better off this Nation will be.  Anyone want to chip in and buy him a ticket (socialism at its best)!!

Apr 25, 2013 2:46AM
avatar
Kudos to MSN Real Estate for hiring 'special needs' and 'Down's Syndrom' spokespeople and real estate agents. In fact, it helps in a way when viewing this vid, to keep me attached and watching, by building suspense via the mentally challenged/slow tour guide pausing so... often and... so much... after every other... word. I mean, how he walks us through... 'large enough... to accomodate... tennis fields... and still have room... (wait for it... wait for it...) a serene retreat...' is just brilliant. Kudos to MSN Real Estate for bringing us beyond boredom and into the 21st century.
Mar 17, 2013 9:16AM
avatar
@ Guy Wright....Enjoyed the comment! Very clever! But now I have to go buy a beret. I've never had one, although I think they're cool. They wear them in Europe, and I like Europe, where there is a solid democratic-socialist tradition. 
Mar 16, 2013 11:19AM
avatar
Kevin is definitely a beret-wearing student-for-life who fails to see the irony in sponging off his greedy capitalistic parents to support his Che-worshiping, intellectually superior lifestyle which revolves around the teachings of some Birkenstock and cashmere clad  pseudoscience professor whose efforts at maintaining his invented 60's radical persona are unenthusiastic at best since achieving tenure at U.C. Santa Cruz.   Or he is a residential plumber, a librarian, or a dog-catcher but, definitely, he wears a beret.


Mar 14, 2013 10:36AM
avatar

If you need some insight into liberal progressive logic just scroll back through these pages and read every comment posted by "Kevin". You may even get a laugh out of it. The guy is seriously butt hurt

The idea is if someone is skilled in a profession that they should have to share everything. If someone else is going to give me something, why should I try for myself? The problem comes in when the government can't afford to support the amount of people it is trying to support. Then they cut back on actually important things and call it a CRISIS. I love the repetition of saying everyone should paying their "fair share". If you want fair, pay the same taxes that the wealthy pay.

Don't worry KEVIN, the government will amass plenty of INCOME from them via PROPERTY TAXES and INCOME TAX of these people. Probably enough to build low income housing elsewhere. If you want to be mad at someone, be mad at the government for not spending this money appropriately according to your belief. Then spend some time meditating and thinking about how no one gives a crap about you and you're not entitled to anything in this world. If you want something you have to take the action to make it happen. 

 

Many people with wealth give up 75% of their money between taxes and CHARITY. How much do you give back? Or do you just take? Are you a leach? Are you a hypocrit?

Mar 14, 2013 8:11AM
avatar
For a comparison price of what this property is really worth note the below. MSN report.
Albemarle estate

Location: Charlottesville, Va.
2009 list price: $100 million
The digs: A 45-room neo-Georgian home touting a wine grotto and a helipad on the property.
Former owner: Patricia Kluge
New owner: Donald Trump
Legal woes: Bank of America foreclosed on ex-billionaire divorcee Patricia Kluge after she defaulted on a loan of more than $23 million. The lender took ownership of the sprawling estate in an auction on the courthouse steps. After 18 months of bank ownership, Trump stepped in and got it for $6.5 million in September 2012. Trump Organization already owns the surrounding lands and winery.

Mar 14, 2013 8:00AM
avatar

135,000,000 is way overpriced for this property.   That comes out to about 3,500 per square foot.   Where I live,  you could build an extremely and I mean extremely nice home and estate for less than 350 per square foot.   So this is priced, by my guess, at a factor of 10 times above its actual value.  Kids your looking at a 13 milliion dollar home.   This is all hype.  The part about the owners spending 100 million on updating is either a blatant lie or they are people who have no real conception of costs.  Which could be the case, given the husband is an investment banker.  You won't see another story on this one.  It will either sit on the market for 25 years or sell at such a discount it won't be mentioning.  

 

By the way for all you socialists (both left and right wing),  The monthly payment on a 13 million dollar home could be as low as $55,000    with taxes and insurance.     Of course on 135 million that balloons to $ 550,000 a month. (18,000 a day).   For 18 K a day it better come with a view!

Mar 12, 2013 6:17AM
avatar
The likes of GHW and Babs Bush would be your neighbor? There goes the neighborhood.
Mar 12, 2013 2:24AM
avatar
Beto88 it was on front page of MSN homepage. We all free to comment on whatever we want. Last time I checked it was called freedom of speech. YOU just like to comment with what people say. get a life dude!! 
Mar 11, 2013 6:27PM
avatar

Kevin.....have you ever been to Europe.?   Its a great place to visit...but if you want to live there....please move there,.  BTW Capitalism creates opportunity, socialism breeds mediocrity

Mar 11, 2013 4:42PM
avatar

Misplaced comment elsewhere.

 

@ndforspeed:   You seem to claim that capitalism creates wealth for everybody who works, and socialism creates poverty. In fact, capitalism has created disproportionate wealth for the people at the top, and the middle class has been destroyed. Capitalism creates wealth on the backs of the middle class and the poor who are paid slave wages by American corporations. If you want to know what socialism does, take a look at the Wikipedia article which ranks the nations of the world by standard of living. The countries of Europe with a post-war history of democratic socialism have standards of living above that of the United States. And don't throw up the red herrings of Greece and Ireland. The economic crises in these countries are being resolved by the powerhouse economies of Europe......economies that were built on democratic socialism. Capitalism is a wonderful system for a very few at the top. The rest of us are slaves. Socialism creates wealth for the workers....period!

Mar 11, 2013 3:28PM
avatar
Kevin,.......John Kerry and the Kennedy Clan are extremely wealthy....they are certainly not Republicans....so don't associate wealth with just republicans...however do associate hard working americans that want to build a better future for our families and this country with republicans.....when did it become a bad thing in this country to work hard and profit from it.....this country was built on CAPITALISM and Democracy...not Socialism which is what you are suggesting...you want a government that confiscates property and possessions from its citizens...if that starts to happen you will find yourself in a bread line begging for food and scraps....their was another government that confiscated property and possessions.....happened in the 1940's you might heard about them.  If you feel so strongly about how much money other people have and feel things should be equal....lead by example, give away all of your material possessions, give away your freedoms, turn in your car if you got one, turn in your clothes for one set of pants and one shirt, pay 90% in taxes...after all you just need money to eat with...this way we can be sure that you are leading by example to help all of the people in this country that have been given an unfair shake.
Mar 11, 2013 2:13PM
avatar
I'm pretty certain a $100,000,000 will buy that place.
Mar 11, 2013 2:13PM
avatar

Whoever ends up living in this place, accumulated his money on the labor of the poor. And instead of being in prison, he will live in luxury. Our country is doomed as long as evil people are rewarded in this manner. 

Mar 11, 2013 1:28PM
avatar

SOME PEOPLE THINK THE OPPOSITE OF CLASS IS POVERTY, BUT IT ISNT, ITS IGNORANCE.

COCO CHANEL. 

You classless minions that  have bought into the whole class envy agenda are driven by ignorance.,

Mar 11, 2013 1:15PM
avatar
Castleheart, you.....hit the.....nail....on....the head!  This man's way of speaking totally drove me nuts!  I wanted to hurry him up and make him join his words together.  Ugh  As for this mansion, I don't know.  I certainly wouldn't want to live in it or own it.  It seems like it would be rather lonely to live there, plus it's an enormous waste of space.  Not only that, but holy cow think of how much it would cost just to maintain that place as well as the taxes you'd have to pay!  Sheesh!  Still though, it's a beautiful piece of architecture and the grounds are gorgeous!  I wish we could see what it looks like on the inside! 
Mar 11, 2013 1:08PM
avatar
It's very beautiful. I watched with the sound off so can't comment on his voice, but I had to chuckle when I read the quote at the end. He made it sound as if you'd have to meet certain qualifications in order for him to help sell your home.

I just never thought about the fact that there would be different classes of real estate agents. Boy the rich really do live differently.

As I've never sold a home, do real estate agents turn down the seller if your not good enough?

Mar 11, 2013 1:08PM
avatar

I'm simply appalled at the favorable comments on here about that obscene estate and the people who would live there. I know there are Republicans who have that kind of money, but I'm amazed that there are so many people on here who would defend them. This kind of wealth is obscene, and it should be taxed at confiscatory rates if the Republican fat cats won't voluntarily give it away to meet social needs. There is hunger and homelessness in this country! So what right thinking person would live in a place like this? The Republicans tell us that these evil greedy people are "job creators." Yea right! These people would hire illegal immigrants  to mow the lawn and tend the gardens, and then pay them slave wages. The wealthy Republicans are quite simply evil people.  

 

 

Report
Please help us to maintain a healthy and vibrant community by reporting any illegal or inappropriate behavior. If you believe a message violates theCode of Conductplease use this form to notify the moderators. They will investigate your report and take appropriate action. If necessary, they report all illegal activity to the proper authorities.
Categories
100 character limit
Are you sure you want to delete this comment?

FIND YOUR DREAM HOME OR APARTMENT

or

WHAT'S YOUR HOME WORTH?

HOME IMPROVEMENT PROFESSIONALS

Find local plumbers, electricians, contractors and more.

from our partners