As the luxury residential market in Texas is holding strong, the team at PropertyShark researched the 10 most expensive homes currently on the market in the entire state and I wanted to share this ranking with you since a property in Colleyville occupies the 8th position.
Located on John McCain Rd and built in the Georgian High Style, the 5-bedroom mansion is asking for $19,500,000!
Texas, home to sprawling ranches and towering high-rises, is a land of immense diversity when it comes to the housing market. Whether you’re looking for a secluded ranch, luxury high-rise condo or a McMansion, the sizzling Texas housing market has it all. Probably supersized to boot. Texas has some of the most generous home sizes in the nation, with Austin rocking the third largest average home size at 2,068 square feet. Building trends over the last 100 years doubled the average Dallas and San Antonio home and builders seem inclined to continue supersizing Texas pads.
2016 was a banner year for the Lone Star State’s residential market, as sales surpassed 2015 levels in 11 months out of 12. Average sales prices climbed to $260,075, per The Real Estate Center at Texas A&M University. That’s $10,000 more than the previous year. Even Houston, where downturns in the energy sector have taken their toll, saw a 5 percent increase in sales prices.
The luxury residential market segment is also going strong in Texas, despite sales prices remaining unchanged – or even diminished. According to the Texas Association of Realtors, sales numbers increased in the first eight months of 2016 in three out of the four biggest metros. Midland was the Texas hotspot for swanky pads – sales jumped 166.7 percent and the median price ticked up 13.8 percent year-over-year. When it comes to the most expensive luxury market, Dallas and Austin are, unsurprisingly, battling it out. While Austin has the highest per square foot prices – $345 –, Dallas nabs the highest average price title at $1,400,000.
But even a $1,400,000 price tag seems like small change when compared to the crème de la crème of Texas real estate offerings. Ranging in price from $18 million to $68 million, the priciest homes on the Texas market right now prove the old saying that everything is bigger in Texas. And if you’ve ever wanted to live in a home with more acreage than some sovereign states (we’re looking at you Monaco!), scroll down for our number one most expensive home for sale in Texas right now.
Asking price: $18,000,000
This Mediterranean retreat located in the heart of Dallas is the work of John Sebastian, Fush Architects and Harold Leidner Land Architects. The 18,000-square-foot mansion incudes 6 bedrooms, 8 full baths, a wine grotto with tasting room, elevator and virtual golf room. The property also features a Tuscan pool cabana complete with private baths, top-of-the-line gym and aromatherapy room as well as 10-car garage.
Asking price: $18,500,000
Originally listed for a cool $21 million, this gated Tudor Revival sits on 1.7 acres with unobstructed views of Goar Park. The custom interior features 5 bedrooms, eight fireplaces, an elevator, media room complete with bar, a multi-tiered slate patio with water features and guest wing.
Asking price: $19,950,000
Built in 1987 in the Georgian High style, this 5-bedroom mansion features old world details such as a roof balustrade, shallow gabled windows and two-story pilasters. Property amenities include a 2,700-square-foot guest house built in 2000, an in-ground pool, pool house and barns spread across the sprawling 46 acre estate.
Asking price: $24,500,000
Considered the premium pied-a-terre of renowned architect Robert A.M. Stern and built by John Sebastian, this recent price reduction includes a three-story, 4-bedroom main house, two-story guest house, tennis court, pool, natatorium, spa, library, lakes, garden and terraces spread across nine acres of prime Preston Hollow land.
Asking price: $25,000,000
Known as Barton Canyon Ranch, this west Austin estate is nestled between the luxury neighborhoods of Barton Creek and Crystal Mountain – just 15 minutes from downtown! The 4-bedroom, 6,588-square-foot home comes with a 128-acre backyard of live water, swimming holes, biking and horse-riding trails, canyons, pastures, wooded hills and abundant wildlife.
Asking price: $27,500,000
Built in 1964, this award-winning Philip Johnson masterpiece underwent a comprehensive, but sensitive renovation in 2008. The 5-bed, 8-bath mansion shares its 6.45 acres with a modernist cabana, media house, pool and tennis court.
Asking price: $30,000,000
Known as La Perse, this 7-bed, 10-bathroom mega mansion is located within the guard-gated community of Stablewood in Houston. The 20,157-square-foot Renaissance style Texas limestone mansion boasts floating grand staircase, two reception salons, a music room, multi-tiered outdoor garden terraces, library, media room, wine cellar, pool and more than 4 fireplaces.
Asking price: $35,000,000
Designed by Stern and Bucek, The House of Ki is a jewel of modern architecture with sleek lines of glass, steel, zinc and concrete, designer finishes, a geothermal heating and cooling system and a state of the art Savant Home Automation system. The 8.7-acre property also contains a 5+ acre reserve.
Asking price: $48,900,000
Located only 8 minutes from downtown Dallas, the 25-acre Walnut Place is the epitome of luxury living with a main estate house, business guest house and original family house and apartment. The original Crespi Estate was built in 1938 and underwent a comprehensive renovation under architect Peter Marino in the early ‘00s. The property now features a smart home system, heated pool, greenhouse, tennis court, rec room, multiple garages, marble floors, outdoor fireplace and pretty much any luxurious amenity you can think of.
Asking Price: $68,345,900
If you’ve ever wanted to live like royalty, the most expensive home for sale in Texas right now can make your dreams come true. The 6-bedroom home features an in-ground pool and hot tub overlooking much of the 2,282 acres of wooded land attached to the property. That’s about 4.5 times more land than the state of Monaco has! But that’s not all. The property also comes with miles upon miles of water frontage along some of the deepest parts of Lake Travis, while the southeastern portion of the property abuts Rusty Allen Airport. And with neighbors like the Balcones Canyonlands National Wildlife Refuge and Pace Bend Park peace, quiet and extreme privacy are a given.