An iconic Dallas home decreased its listing price by $5.5 million on Thursday after being on the market for over a year. 

The Rachofsky House is the home of the art-collecting and philanthropic duo Howard and Cindy Rachofsky. The couple has been hoping to sell the home since at least May 2025.

The house at 8605 Preston Road is a white, metal-paneled house on a black-granite platform. The mansion’s price drop to $17.5 million constituted a nearly 24% decrease, according to Zillow. 

Later, the home was publicly listed for $23 million in October 2025. Listing agent Faisal Halum said at the time that the public listing was intended to allow more potential stewards to experience the landmark. 

The house’s listing is being handled by Halum and Bill Churchill of Compass. The listing agents for the home declined to comment on the price drop on Tuesday morning. 

Despite the price drop, the home is still among the most expensive public listings in Dallas County, according to Zillow.

The neo-modern villa on Preston Road was designed by architect Richard Meier, who also designed the High Museum of Art in Atlanta. The more than 9,000-square-foot home has two bedrooms and six bathrooms. 
 
The home also includes outdoor sculptures like Robert Irwin’s Tilted Planes, a sculpture with four angled square surfaces set in the front lawn of the house.

The mansion had been the site of the Two x Two gala, a benefit for both the Dallas Museum of Art and amfAR, the Foundation for AIDS Research. The final gala was held in October 2024. 

During the galas, the Rachofskys would remove most of their art and furniture so that auction pieces could be installed. Past guests at the property include celebrities like Sharon Stone and Alan Cumming, Dallas sports legends like Jerry Jones and Dirk Nowitzki and musicians like Diana Ross and Ricky Martin. 

The Rachofskys previously told The News that selling the home was part of their estate planning and said they didn’t want to burden their children with the house. Meanwhile, the couple’s art collection has been promised to the Dallas Museum of Art.