Real Estate

Highland Park Mansion Listed at $28M, Texas' Priciest Home

Highland Park Mansion Listed at $28 Million, Dallas Area Dominates Texas' Top 10 Priciest Homes

By Doug Elli

6/10, 18:33 EDT

Key Takeaway

  • Highland Park's 16,000-square-foot mansion at 3509 Euclid Avenue listed for $28 million, making it Texas' most expensive home last month.
  • Dallas area dominated with six of Texas’ top 10 priciest listings, including homes in Preston Hollow and University Park.
  • Eight-figure home sales are rising in Texas, with three such sales in Dallas-Fort Worth during the first half of last year.

Texas' Most Expensive Home Listing

In a remarkable display of luxury real estate, a Mediterranean-style mansion in Highland Park has emerged as Texas' most expensive home listed last month. The 16,000-square-foot estate at 3509 Euclid Avenue hit the market at an eye-watering $28 million, translating to $1,750 per square foot. Compass agent Jonathan Rosen is handling the listing. This property is part of a broader trend, with the Dallas area producing six of Texas' top 10 priciest home listings last month, according to the Houston Association of Realtors.

A Closer Look at the Mansion

The Highland Park estate, sitting on nearly an acre, boasts six bedrooms, six full bathrooms, and four partial baths. It features a home theater, a 10-car garage, and a temperature-controlled wine grotto capable of storing 1,000 bottles. The kitchen opens to an outdoor patio, and the primary suite includes another patio, a gym, a dry sauna, and a massage room. "The owner did a really big remodel and brought it a little more up to date," Rosen said, adding that the home now exudes a "great California vibe."

The Broader Market Context

The listing of this Highland Park mansion is part of a larger trend in the Texas luxury real estate market. Eight-figure home sales are becoming increasingly common in the state. In 2022, there was one such sale in the Dallas-Fort Worth area, but the first half of last year alone saw three. This surge in high-end listings and sales underscores the growing demand for luxury properties in Texas, particularly in affluent neighborhoods like Highland Park and Preston Hollow.

Market Dynamics and Implications

The listing of this $28 million mansion highlights the robust demand for luxury real estate in Texas, driven by affluent buyers seeking expansive, amenity-rich properties. The Dallas area, in particular, has become a hotspot for high-end real estate, with multiple properties listed at prices exceeding $10 million. This trend is indicative of broader economic factors, including the influx of wealth into Texas and the state's appeal as a desirable place to live and invest.

Management Quotes

  • Jonathan Rosen, Compass agent:

    "The owner did a really big remodel and brought it a little more up to date. It’s got a great California vibe to it."