REPORTS: Hicks Estate Sells For $36.2 Million in Auction
Posted by Kenneth G. Cox on
Quite possibly the most well-known piece of residential real estate in DFW is officially off the market, according to a new report that came through last night. The former Hicks estate located over on Walnut Hill Lane has been purchased by a local developer, Mehrdad Moayedi, CEO of Centurion American Development Group.
The property was up for auction on Wednesday and Mr. Moayedi reportedly offered the winning bid of $36.2 million, which is quite the bargain considering the property had once been listed on the market for over $100 million.
Along with the historic mansion, which includes 28,000 square feet, 10 bedrooms, and 5 bathrooms, the former Hicks estate also includes about 25 acres as well. According to the Dallas Morning News, about eight other…
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