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Once Listed At $135 Million Historic Crespi-Hicks Estate Can Now Be Yours For $48.9 Million

Crespi-Hicks Estate

In early 2013, a palatial manor previously owned by businessman and former Texas Rangers owner Tom Hicks hit the market, priced at a whopping $135 million. Now, this truly irreplaceable estate with 27,000 square feet of living space on a 25.25-acre lot, called Walnut Place can be yours for $48.9 million.
The estate, better known as the Crespi-Hicks Estate, was designed by Maurice Fatio in 1939 for Italian Count Pio Crespi and his wife Florence, and was recently renovated and expanded by architect Peter Marino. The height of the home is said to exceed current municipal height restrictions, this allows for 14′ ceilings on the first floor, and 12′ ceilings on the second.

Crespi-Hicks Estate

In addition to the main house there is also a two-storey guest house and a three-storey pool house. There is a total of 10 bedrooms and 17 bathrooms.
At the begining of 2016, this magnificent estate was sold for a record (unknown) price to Andy Beal. Still, the price of $48.9 million seems ridiculous compared to the original $135 million list price. It’s on the market with Allie Beth Allman who originally sold the estate to Tom Hicks, and then sold the property to Andy Beal.

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Written by Slamchica

Aleksandra Arsenovic graduated with a degree in economics and has a master degree in tourism. Since she worked as a travel agent, she has traveled around the world and developed an interest in luxurious hotels and exotic destinations. As a big fashion fan, Aleksandra loves expensive and luxury fashion items. As an editor of Extravaganzi she shares her knowledge about travels, fashion and accessories.

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