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"A historic Texas-sized mansion with a long roster of prior owners just traded hands again, this time to a famed Dallas family, according to The Dallas Morning News. The Edwin L. Cox family trust purchased the 14-acre estate on on Walnut Hill Lane, complete with its sprawling main house, just last month. Edwin L. Cox Sr. is a popular name in Dallas, since he was the primary benefactor for Southern Methodist University's Cox School of Business. Representatives of the Charlee Lochridge Cox Dynasty Trust snatched up the dwelling for an undisclosed price, though it was recently listed at $38 million. It was once put on the market at a whopping $135 million. FAMOUS REAL ESTATE: 'McNaught Mansion' designed for prominent author is the most expensive home listed in League City In the past, the residence once belonged to the former owner of the Texas Rangers and Dallas Stars, Tom Hicks, who sold the North Dallas mansion to billionaire financier Andy Beal in 2016. The most recent owner was developer Mehrdad Moayedi, who portioned off parts of the parcel along on Walnut Hill Lane to develop luxury homes along the front end of the property. When real estate agent Allie Beth Allman listed it in 2012, the asking price was a record-breaking $135 million, real estate site Candy's Dirt explains, adding that its original form was much less ostentatious. The three-story home was commissioned for Pio and Florence Crespi in 1938, and dreamt up by architect Maurice Fatio. The Crespi family became wealthy thanks to their bustling cotton trade. HoustonChronicle.com: Dickinson dentist rejuvenated after renovating home damaged in Harvey When it was first erected, it was a modest structure compared to how it now looks. While Pio Crespi's brothers lived in 30- and 4-square-foot homes, he thought a 12,000-square-foot residence was more modest (yes, really) according to Texas real estate firm Douglas Newby & Associates. Pio's wife, Florence, cut that down to 10,000 square feet before it was complete. The opulent home saw an extensive renovation when Hicks took ownership of it. He brought in New York architect Peter Marino, Dallas builder John Sebastian and noted lighting designer Craig Roberts to re-design parts of the home over a 33-month period. It's now known as the \"Crespi-Hicks Estate\" for its famous former residents. The 27-square-foot home is situated on 14 acres of land comes with a 6,400-square-foot pool house and a 3,300-square-foot guest house. The property includes a 9,194-square-foot recreation area, conservatory, and kitchen outfitted with a $65,000 custom French range. Other amenities include a library featuring 1820s paneling from France, a 500-bottle wine storage room and a movie theater. NEWS WHEN YOU NEED IT: Text CHRON to 77453 to receive breaking news alerts by text message | Sign up for breaking news alerts delivered to your email here."
<https://www.chron.com/z-archived-homes/article/Dallas-SMU-estate-100M-Hicks-Cox-crespi-home-14289853.php>