Old Hunt Estate on White Rock Lake on the Market for $32.5 Mil

Back in 2008, we thought the historic Mt. Vernon estate built by H.L. Hunt was up for sale. The Morning News said as much. It was an embarrassing situation. The house was supposedly listed by Eleanor Mowery Sheets. But then she and her husband, Nicky, had that tax problem. And suddenly the house wasn’t for sale. But now it most definitely is. Check out Allie Beth Allman’s $32.5 million listing, which I believe makes it the most expensive house on the market in Dallas. In 2008, the News reported that the owners, Teresa and John Amend, were downsizing. One presumes that’s the case today. There is only a small handful of people in town who could afford this joint. It’s not really his style, but you have to wonder if Ray Hunt might be interested, if only for its historical significance. It’ll be interesting to see if it sells.

17 comments on “Old Hunt Estate on White Rock Lake on the Market for $32.5 Mil

  1. So, this is on the DCAD rolls at about $11M “market value” and yet it is for sale during a tough housing market at $32.5M?

  2. That’s interesting research, Homevestor. Think of the added property tax revenue that the city, county, school and hospital districts would receive if properties were better aligned with “market values.”
    Our Legislature continues to balk at the idea of making information on home sales available to appraisal districts.
    Somebody wake up Steve Blow. Time to dust off his column on this.

  3. Hey! I just read that Tim article, in which he gives you props for the idea, and even calls you a scholar and a sometimes-gentleman!

    Was this self-serving?

    Well played, MC… well played.

  4. Didn’t mean to step on any toes, Marty. I had forgotten about Tim’s column, probably because it only ran once.
    Blow has written about it more than once — as he often does. It’s difficult to come up with new material when you have to write twice a week (gosh golly, gee willikers, lands sakes).

  5. Man alive! A house for one family that costs $32 million? It’s like Grammy Blow used to say: When you’re milking the goat, best leave it to Pa to repair the Cultipacker.

    I think we all can agree on that one. The question is, will the state legislature.

    Steve Blow’s column appears twice a week. You can reach him at, et cetera.

  6. Hope Wick will invite us over when he closes on it; robber-barron he is.

  7. How about the Dallas Country Club? Has anyone seen the value of that prime real estate on the tax rolls compared to the estates surrounding it? Makes you go hmmm.

  8. hey @homevestor, can you stop littering the intersections with your hand printed signs? please?

  9. The property was cancelled on the MLS today after being on the market for 2 days. Not sure what the story is there….just an FYI.

  10. For those of you wondering, at total appraised value DCC comes in around $71,000/acre as compared to some homes nearby at approximately $1 Million/acre.

  11. I find it interesting that people with money would spend $20+ million on a house in Dallas.

    I mean after all, we are in a hot, flat, no water city. If I had that kind of money, I would certainly not spend it on Dallas real estate. I would move to someplace with a view.

  12. So, those that have the time can go find the FrontBurner conversation from about a year ago – ok, maybe it was DallasDirt – where it was revealed why the land at places like DCC is appraised lower than nearby residential land. As I recall, it was a matter of two things – you have to appraise the land for its use. If DCC were a vacant lot open for development it would be appraised higher than it is for a golf course. The second reason is a law that appraises park land, etc lower than residential or commercial land. And golf coures apparently fit the description.

    Now about the differences – DCAD is tasked with appraising things (land, structures and BPP) for their current value. You can list a home for whatever amount you want, but it doesn’t mean someone will pay that – or find an equal amount of value. When it sells, tends to change accordingly.