LUXURY HOMES Highland Park Resale Market Heats Up

YOU’D THINK IT WAS THE EARLY ’80s in Frisco the way million-dollar homes are flipping in Highland Park these days. Agent Eleanor Mowery-Sheets of Allie Beth Allman had a very busy spring working with an unnamed investor. She originally put 3716 Euclid Ave,, owned by Daniel Elson Pittard, on the market in October 1995 for $1.495 million. Known to many as the Greeson home (it was built in 1984 by longtime Highland Park residents Jim and Mary Greeson), the approximately 6,300-square-foot, five-bedroom (each with its own private marble bath), Mediterranean stucco home with the distinctive red tile roof had originally been listed with another agent at $3.2 million.

The first day on the market, Mowery-Sheets got three offers for the full asking price. The sale eventually closed last February with Mowery-Sheets’ unnamed investor as the buyer at S1,495 million. Within one month, Mowery-Sheets had another buyer for the home at a price of $1.64 million, making her investor a swift profit of $145,000 (before closing costs) in one short month.

Mower y- Sheets sold the house nearby at 3708 Lexington Ave. in September 1995 for $ 1.15 million, then resold it this past May for $1,185 million.



THE HOME OF FRANCOISE R. Bonnet, 3509 Euclid Ave., had been quiet and on the market for some time (Bonnet lives primarily in France and Switzerland). The home sold in Jan-uary 1996 for $1.06 million. It had been listed by Dave Perry-Miller of Abio, Adleta & Poston for $1.19 million, reduced from over $2 million.

The property was ripe for remodeling. Built in 1970, with high ceilings and expansive views of the pool and terrace from a 45-by 25-foot formal living room, it offered almost 10,000 square feet of living area on a large, wooded lot (105 by 200 feet). A massive renovation is under way that will add more square footage to the existing four-bedroom, five-and-a-half-bath home. This will be fun to watch as it takes shape over the summer and fall.

REALTORS TO THE RICH AND famous have been busy for the last year selling off the luxury homes vacated by the new residents of Rosewood’s 2801 Turtle Creek high-rise, featured in the June “Luxury Homes” column. In May, Richard Crée and Mary Anne Sammons Crée, heir to the Sam-mons fortune, sold their home at 5042 Lakehill Court, a 7,000-square-foot manse that backs up to the creek in Bluffview, to Allen and Sissy Cullum. The Crées built the home and had been its only owners for some 20 years. Listed at $1.495 million, the house sold for over $1 million dollars.

And last fall, the Lawrence S. Pollock estate, which spreads over three acres at 10543 Inwood Rd., sold for more than S1 million to Dr. Scott and Suzie Blumenthal. The home had been listed for $1.2 million. Like the Crées, the Pollocks had owned the same estate for more than 20 years before moving to Turtle Creek’s hottest property.