Two luxury homes in North Dallas sold on consecutive days, generating nearly $24 million in listing price volume in two of the city’s most affluent neighborhoods.
According to public records, the estate of Barron Kidd, a North Texas rancher and oilman who has passed away, sold his former Highland Park residence to an LLC registered to Sarah Penn James on July 31. The following day, entertainment agent Gary Osier sold his Old Preston Hollow home to Jeffrey and Lori Runnfeldt—an investor and boutique owner.
Both properties were listed earlier this year and appeared among the ten most expensive residential listings in Texas as ranked by the Houston Association of Realtors (HAR) in May.
The Highland Park property is a six-bedroom, six-bathroom home built in 1936 on Glenwood Avenue. It was listed for $11.5 million at the time of sale, which amounts to almost $2,000 per square foot for its 6,000-square-foot area. The lot features amenities such as a putting area, greenhouse, and a stream connected to Turtle Creek. Elly Holder from Compass represented the listing.
Osier’s Preston Hollow property contrasts with Kidd’s historic home; it is a contemporary glass-and-steel build completed about ten years ago. The five-bedroom, seven-bathroom house spans 10,300 square feet on a 1.1-acre lot located on Park Lane. Osier’s clientele includes notable names like Foreigner, Jerry Seinfeld, Adam Sandler and the Beach Boys. The property was listed for $11.7 million at roughly $1,000 per square foot and includes a guest casita and pool. Alex Perry with Allie Beth Allman and Associates managed this listing.
Final sale prices have not been disclosed.
These two sales are among the first ultra-luxury homes listed statewide during late April and May to close transactions this year. Other high-end properties that appeared alongside them on HAR’s top ten list—including Mehrdad Moayedi’s spec mansion near Dallas’ Crespi Estate and a waterfront estate in Horseshoe Bay—remain unsold.
Recent market reports indicate that some of Texas’ priciest homes are taking longer to find buyers compared to previous years (https://therealdeal.com/texas/2024/06/01/texas-most-expensive-homes-are-struggling-to-sell/). Additionally, demand remains high for rare lakefront properties such as those found in Horseshoe Bay (https://therealdeal.com/texas/2024/05/28/horseshoe-bay-listing-shows-high-demand-for-scarce-lakefront-homes/) while Dallas continues to see activity around exclusive estates spun off from prominent holdings like Crespi Estate (https://therealdeal.com/dallas-ft-worth/2024/05/14/spec-mansion-spun-off-from-crespi-estate-was-mays-priciest-listing/).
