The current public sale of late Dallas businessman Edwin L Cox Sr.’s artwork assortment made headlines Throughout the globe for its $332 million Worth ticket.
However not a lot has been said Regarding the sale of the oilman’s Highland Park property, which purchased quietly to invoiceionaire banker Andy Beal for Definitely one of many highest prices for a Dallas-space property.
The Greater than century-previous house sits on seven acres aprolongedside Turtle Creek, simply south of Dallas County Membership.
The storied property purchased for Greater than $40 million, Based mostly on county data. Although The exact sale price wasn’t contained Inside the paperwork, deed data current the Cox househprevious notion made Beal a $41 million mortgage on the property. The property A pair of months in the past was titled to a notion with an tackle listed at Beal Financial institution’s Plano headquartworkers.
Beal’s office declined to Contact upon his plans for the property. Beal ranked as Dallas’ richest resident in Forbes’ Latest compilation of wealthiest People, with a internet worth of $9.9 invoiceion.
The Highland Park mansion was by no means publicly listed On the market Inside the Realtors’ a quantity of itemizing service but was quietly proven to potential consumers.
“I might say Might be In all probability the most fascinating property in Highland Park,” said prime exact property agent Allie Beth Allman, who has heard Beal plans to renovate The house.
Cox – who died in 2020 at 99 – had owned the grand Beverly Drive house As a Outcome of the mid-Nineteen Seventies.
It had beforehand been the house of fabled Park Cities socialite Susie Rose Lloyd. Rose Lloyd was acknowledged for her over-the-prime partworkies and eccentricities.
Legend has it that when she as quickly as acquired Inside the mail A duplicate of the Metropolis of Highland Park’s annual price range, she thought it was a invoice and paid it. And when the Dallas County Membership dumped sewage in Turtle Creek, she put cement in golf course’s pipes to again up the effluent.
Her Beau Arts-type mansion that the Coxes purchased acquired here full with A third-flooring ballroom, a “caviar room” and an entrance foyer with a stained glass ceiling. The mansion was designed by famous Dallas architect Herbert Greene.
The Coxes reworked and enlarged The house, preserving Lots of its historic options and including a swimming pool and enclosed tennis courtroom assembleed partworkly underground.
The annual property tax invoice on the unfprevious is Greater than $791,000.
“It’s exactly In all probability the …….