Report: Billionaire Banker Buys Hicks Estate

Get ready to put a "sold" sign in the yard. (Photo: Stephen Reed)
Get ready to put a “sold” sign in the yard. (Photo: Stephen Reed)

The $100 million Preston Hollow mansion previously owned by Tom Hicks is officially off the market.

The Dallas Morning News is reporting that billionaire banker Andy Beal has bought the estate, with realtor Allie Beth Allman closing the deal today.

The price tag on the 25-acre property in the 10000 block of Hollow Way Road marks the largest residential real-estate transaction in Dallas history. It’s been on the market for a while since the pool of qualified prospective buyers has been understandably small.

The main house, which is more than 50,000 square feet, has 10 bedrooms, 17 bathrooms, a wine cellar, a gym, and a conservatory. There’s also a two-story guest house, a recreational complex, and a helicopter pad on the property.

The sale leaves the former Lisa Blue Baron mansion in the 5900 block of Deloache Avenue in the top spot among priciest Preston Hollow estates on the market. It’s listed for a mere $33.5 million.

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