Historic Trammell Crow estate in Highland Park for sale at $59.4 million

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By STEVE BROWN stevebrown@dallasnews.com
Real Estate Editor
Published: 20 November 2014 09:02 PM
Updated: 20 November 2014 09:03 PM
One of the Dallas area’s most historic estates is up for grabs for the first time in more than half a century.
The Highland Park home of the late Dallas developer Trammell Crow and his wife, Margaret, is being listed for sale with Allie Beth Allman & Associates Realtors.
The property has a price tag of $59.4 million, one of the highest prices ever sought for a Dallas-area home. Built in 1912, the 10,000-square-foot, five-bedroom house is on more than 6 acres between Preston Road and Turtle Creek.
After the death of Margaret Crow in April, the family decided to put the creek-side estate on the market, said her daughter Lucy Crow Billingsley.
“We’ve had it for over 50 years,” Billingsley said Thursday. “I grew up there.
“My treehouse is still there and all the memories of our youth. But this is a place that needs to be loved and lived in.”
The Crow property is one of the most prominent estates along Turtle Creek. Along with the main house, there’s a guesthouse with 986 square feet and a 1,590-square-foot servants quarters above the garages.
Neighbors include Dallas Cowboys owner Jerry Jones, businessman John Muse and financier Edward “Rusty” Rose.
Over the years, the house has hosted a parade of business and political figures.
The property in the 1800s was owned by the pioneer Cole family, who had a log cabin on the land. The Tudor-style mansion was built by Dallas businessman Henry Lee Edwards, who made his fortune in the cotton market.
The home was designed by Illinois architect C.D. Hill, who also did Oak Lawn United Methodist Church, the old Dallas City Hall on Harwood Street and the Davis Building, originally Republic National Bank.
When the house was finished, the owners installed a gasoline pump because the property was so far out of town. The family kept cows and chickens on the land.
After the Edwardses, the house was home to Col. Harry Stewart, who once owned the Stoneleigh Hotel and Maple Terrace apartments. The Stewarts sold the estate at 4500 Preston to the Crows in 1961.
“There’s never been one for sale in Dallas like this,” said real estate agent Allie Beth Allman, who has handled sales of some of the area’s top properties. “It’s by far the nicest piece of property of all of them along the creek.
“You cannot find a better location in Dallas.”
The only Dallas-area residential property with a steeper price tag is financier Tom Hicks’ Preston Hollow estate. The 42,000-square-foot spread on the Dallas North Tollway is marked at $60 million.
It originally was listed for sale at $135 million but was reduced when some of the surrounding land was removed from the offering.
A 48,000-square-foot megamansion near Denton — Champ d’Or — that’s been on and off the market several times in recent years was offered for sale this summer at $35 million.
The landmark H.L. Hunt estate on White Rock Lake — a copy of George Washington’s Mount Vernon — is up for grabs at $19 million.

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