Italian Count’s $60M Estate Hits Dallas Market

Crespi Estate
The Crespi Estate in Dallas | Image by Allie Beth Allman & Associates

The Crespi Estate in Dallas has hit the market for $60 million, making it the most expensive residential real estate listing in Texas.

After being called home by an Italian count and cotton baron, a billionaire investor, a real estate developer, and a family of oil investors, this over 15-acre property on Walnut Hill Lane is currently listed for $60 million by Allie Beth Allman & Associates’ Michelene Galbraith.

While centrally located in the neighborhood of Preston Hollow, this mega mansion will whisk you away to Europe with its French chateau-inspired design.

First built in 1938 by Count Pio Crespi, a cotton baron from Milan, Crespi Estate is one of the most architecturally significant properties in the city. It was designed by famed Swiss architect Maurice Fatio, although it is only half as large as he had intended.

Previous owner Mehrdad Moayedi made significant renovations to the home after purchasing it in 2017.

Moayedi enlisted the help of as many as 250 craftsmen working seven days a week to reconstruct the property before selling it to the Charlee Lochridge Cox Dynasty Trust for $29.5 million in 2019. This trust was established by oilman, financier, and Southern Methodist University trustee Edwin L. Cox, according to The Dallas Morning News.

Whoever steps in as the next owner of Crespi Estate will find themselves in an elegant oasis tucked away within the urban sprawl of Dallas upon driving through the entrance of the wrought-iron gate located next to the toll road.

Walking trails guide visitors around the property, which has a creek, a waterfall, gardens, a greenhouse, a massive swimming pool, a reflecting pool with a fountain, a tennis court, a 3,000-square-foot guest house, and a heliport.

The over 27,000-square-foot Crespi mansion itself boasts a stunning Indiana limestone facade. Upon entering the home, visitors are struck by a grand marble foyer featuring another fountain, a statement chandelier, and a broad spiral staircase.

On the main floor, visitors can find an array of rooms that help make the home not only breathtaking but also highly liveable.

There is a kitchen equipped with state-of-the-art amenities, a wood-paneled library, a billiards room, an office with a fireplace, a mirrored Art Deco bar, two windowed dining rooms, and a gym with a steam room.

In the basement, a safe room, several wine cellars, and a sensory deprivation tank can be found, according to the listing.

The living quarters upstairs house a total of 10 bedrooms and 12 full bathrooms. This includes a 3,000-square-foot main bedroom suite with his and her bathrooms. This space opens to an outdoor terrace for ultimate privacy and comfort.

While featuring updated luxurious amenities, the Crespi Estate still stuns as an airy and elegant masterpiece of historic architecture and design.

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