Two high-end homes in North Dallas were sold on consecutive days, with a combined listing price volume of nearly $24 million. Both properties are located in some of the most affluent neighborhoods in the area.
The Highland Park estate formerly owned by Barron Kidd, a late rancher and oilman from North Texas, was purchased by an LLC registered to Sarah Penn James on July 31, according to recently released public records. The following day, entertainment agent Gary Osier sold his Old Preston Hollow home to Jeffrey and Lori Runnfeldt. Jeffrey is an investor and Lori is a boutique owner.
Both homes had been listed since spring and appeared on the Houston Association of Realtors’ (HAR) ranking of the ten most expensive residential listings in Texas in May.
The Kidd property is a six-bedroom, six-bathroom house 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 size. The home sits within a conservation district and was platted as its own subdivision for Kidd in 1997. Features include a putting area, greenhouse, and a stream fed by Turtle Creek. Compass agent Elly Holder represented the listing.
Osier’s home differs from the Kidd property in several ways. Built about ten years ago using glass and steel materials, it features five bedrooms and seven bathrooms across 10,300 square feet on a 1.1-acre lot along Park Lane in Preston Hollow. Osier’s clients have included Foreigner, Jerry Seinfeld, Adam Sandler and the Beach Boys. His property was listed for $11.7 million when it sold—about $1,000 per square foot—and includes amenities such as a guest casita and pool. Alex Perry with Allie Beth Allman and Associates handled this listing.
Final sale prices for both transactions have not been disclosed.
These two homes are notable as they are among the first ultra-luxury residences listed statewide during late April and May to find buyers this year; other high-priced properties that made HAR’s May top ten list remain unsold.
A recent trend shows that many of Texas’ most expensive homes have faced challenges finding buyers this year (https://therealdeal.com/texas/2023/06/14/texas-most-expensive-homes-are-struggling-to-sell/). Properties such as Mehrdad Moayedi’s spec mansion near Dallas’ Crespi Estate or waterfront estates like those in Horseshoe Bay continue to stay on the market despite high demand for luxury lakefront housing (https://therealdeal.com/texas/2023/05/22/horseshoe-bay-listing-shows-high-demand-for-scarce-lakefront-homes/).
