Mayflower Estates

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Crespi / Hicks Estate Previously Sold By Douglas Newby

Douglas Newby is Best Qualified to Represent You as a Buyer’s Agent – Sold by Douglas Newby

Contact Douglas Newby to see if he should represent you if you are interested in an estate home on 12 to 25 acres. Having previously sold and having previously listed the Crespi Estate, Douglas Newby understands the potential value and the opportunist price that the buyer might be able to purchase the home and land for now, and positive and negative influences that could affect the final sales price and the nuances of a potential transaction that could benefit the buyer. No one understands significant homes as well as Douglas Newby.

There are many factors that support the expectation that the Crespi / Hicks Estate, over the next ten years, will increase in value more than any other home in the United States. This estate property is located in the economically strongest city and region in the country.

It is on the best site in the best neighborhood, with the finest private schools, only 8 minutes from the Arts District and downtown Dallas, and only 15 minutes from an airport, and the Crespi / Hicks Estate has a helicopter landing area. Most important, the home is sited on 25.25 acres, the largest estate property in a major city anywhere in the United States. Of this acreage, the home with 10 acres are available. This land also has a home with one of the most important architectural pedigrees, making it impossible to replace or match.

Modern Home For Sale on 1.53 Acres

Overlooking 12-Acre Private Garden on Other Side of Pond

Best Sited Texas Modern Home in Preston Hollow Estate Area – Scott Lyons Architect – Sold by Douglas Newby

Architect Scott Lyons enhanced a magical setting with a Texas Modern home that is thrust into nature with close and distant views in three directions of trees, gardens, a wide spring-fed creek and pond, and a twelve-acre private garden that is meticulously groomed and blooming. Scott Lyons designed homes for the most prominent and successful families including Ed Cox who this home was designed for in 1963 in the Mayflower Estates Neighborhood. This Preston Hollow estate home is  a city home but without any other homes within its views.

Modern Architecture That Embraces Site and Surrounding Nature

This 8,208 square foot, four bedroom home has materials that blend into the site.  The soft Mexican brick continuous interior and exterior walls in the tradition of O’Neil Ford further push this modern home into nature.  Wrap around balconies and terraces off several rooms extend the Scott Lyons’ living spaces under a canopy of trees.

Preservation Step Two

After identifying historic and architecturally significant homes, the next step is contacting the owners and working with them to develop a preservation strategy for their home. In 1995, very few people were aware of the Crespi Estate–out of sight, out of mind. Virtually no one, including Dallas architectural historians, knew that the architect was Maurice Fatio of Treanor & Fatio, one of the most important architects in the country in the 1920s and 1930s. Since this historic and architecturally significant home was on 20 acres in Mayflower Estates hidden from the street, it was destined to be torn down for a housing development. I was introduced to Mr. Robert Wigley, the son of Florence Crespi and trustee of the family holdings. Bob Wigley had been Vice Chairman of E.F. Hutton and continued to be an accomplished money manager for many prominent families. Mr. Wigley was very receptive to a plan to preserve the Crespi Estate after his mother’s death. We put in place a plan to find the right buyer to preserve the home and even the eventual sales contract had deed restrictions that prevented the property from being divided for some period of time. I will be eternally grateful for my opportunity to work with Robert Wigley, an incredibly smart and honorable man. I will also always be grateful that Mr. Wigley saved the home with the preservation plans we put in place. While some of the property has now been divided, the Crespi Estate survives. My work with the late Mr. Wigley on this very complex transaction is my favorite collaboration. You can read more about preservation Step Two in my blog article, Five Steps of Saving Homes.

*Preservation Step Two

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Preston Hollow Edge

Sharing an edge with proper Preston Hollow is Mayflower Estates. Arbitrary boundaries can make a monumental difference in perceived prices and values of land and neighborhoods. Walnut Hill twenty years ago was one of these neighborhood edges, with the land in Preston Hollow south of Walnut Hill costing twice as much as land in Mayflower Estates, north of Walnut Hill. Now, Mayflower Estates is on the right side of this Preston Hollow edge with even more valuable land. Rather than fences, here White Rock Creek might delineate boundaries and privacy. Boundaries are blurred with extended views of several-acre estates with their lakes, creeks, and gardens. Whether a home is in a town, a city, or in an estate neighborhood, people love being surrounded by nature.

*Preston Hollow Edge
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