A mansion in Dallas’ Preston Hollow neighborhood has been sold after a significant price reduction. The property, initially listed for $13.7 million in February by physicians Hooman and Tannaz Sedighi, saw its asking price drop by $1.4 million before being purchased this summer. The final sale price was not disclosed, but public records show the home was listed at $12.3 million at the time of sale.
The buyers are Rohan Thambrahalli and Melonie Carnegie, founders of the fintech app Growvana. Public records indicate they secured an $8.5 million mortgage to acquire the property.
Built this year by Atrium Fine Homes on a one-acre lot, the residence features six bedrooms and eight bathrooms across 11,800 square feet. According to the listing, materials used include oak and teak wood from Brazil, marble from Italy, and stone sourced from Argentina, Brazil, Israel, Italy, Portugal and Spain. The design includes a turfed upper deck above a ground-floor lanai that connects the main house with guest quarters.
In February, another property six miles away at 4000 Euclid Avenue was listed for $32.5 million and reportedly became Texas’ most expensive residential sale of the year when it changed hands last week.
Price reductions have become more common among high-end homes in Texas. Recent examples include Gary Osier’s 10,300-square-foot mansion in Old Preston Hollow selling after a 5 percent price cut with an $11.7 million asking price; Mark Haidar’s White Rock Lake estate dropping its price by $5 million before selling at $10.9 million; and Mehrdad Moayedi’s project at 10006 Hollow Way Road selling for its original listing price of $15.9 million.
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