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Land Underneath Champ d’Or Sold to Investors

Real Estate

Champ d'Or estate | Image by Reddit

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A sale involving one of Denton County’s most well-known properties — the county’s largest residence at the time of its construction — has recently been completed. The land underneath the Champ d’Or complex has been sold to Twain Financial Partners, a St. Louis-based investor.

The Champ d’Or estate, modeled after a French chateau, was built in 1999 north of Lake Lewisville in Hickory Creek. The 48,000-square-foot home features a ballroom, a theater room, a conservatory, a racquetball court, and a tennis court. It also has a two-story library, a wine room, and a separate tea room. The garage in the residence has spaces for 20 cars.

When the Champ d’Or estate was constructed in 1999, it cost $52 million. Considered to be Texas’ largest residence at the time, it was designed to be the private home of a wealthy telecom industry tycoon and his wife. However, the house became expensive to occupy and was later sold for less than it originally cost.

The estate has been owned and operated by a Denton limited partnership since 2018. The property was run as an event center called The Olana. As an event center, events ranging from weddings to retreats were held at the property.

The property is slated for renovations to convert the event center into a luxury resort with 110 rooms, a spa, a restaurant, and a 36,000-square-foot design studio. The sale of the land will help fund the cost of the renovations.

“We purchased the ground and entered into a lease with the owners of the improvements,” project manager Zakary Boyer explained in an email to The Dallas Morning News.

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