It took four years — and a shift in the luxury real estate market in Dallas-Fort Worth — but the former mansion of Addison-based Mary Kay Inc. founder Mary Kay Ash has sold to an undisclosed Dallas buyer.
Realtor Karen Luter still doesn't quite believe it happened.
The soft pink, 12,115-square-foot home at 8915 Douglas Ave. in Old Preston Hollow sold at $1.9 million after being listed at a variety of price points throughout the years. At one time, the mansion was listed for $5.7 million.
"The deal was very complex and I was never going to be sure it sold until I walked away after all the papers were signed," said Luter, a Realtor with Dallas-based Allie Beth Allman & Associates, who has been marketing the home.
The deal closed in a short sale before Dec. 31. According to the Dallas Central Appraisal District, the property is valued at nearly $2.8 million and is owned by Pelicans Corporation Services LLC.
Link to full article and photos here
By Candace Carlisle for Dallas Business Journal
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