The two acre property in the Crespi Estate includes a pool with a slide. The mansion is being marketed as “Casa de Ondas.”
Stephen Reed
A sliver of Preston Hollow is home to some of Dallas’ most expensive home listings. The area gained yet another multimillion-dollar listing at the end of August.
A home dubbed Casa de Ondas was listed for $45 million in the Crespi Estates, a gated area within Preston Hollow.
The home marked the third on a tract formerly owned by an Italian count to be listed for a price over $14 million. The area has become a hotspot for some of Dallas’ most expensive home listings.
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What is the history of the area?
The Crespi Estate started out as just one property, spanning 25 acres.
The original estate was built in 1938 for Pio Crespi, a wealthy Italian count who moved to Texas to oversee his family’s cotton business.
The home remained in the Crespi family until 1997. Subsequently, the property was owned by former Dallas Stars and Texas Rangers owner Tom Hicks, banker Andrew Beal and developer Mehrdad Moayedi, according to previous reporting from The Dallas Morning News.
The Crespi Estate is back on the market with a new $64 million price tag.
PhotographyBySpross
When Moayedi owned the property, about 10 acres of the then 25-acre property were split off to build a group of mansions, creating the Crespi Estates.
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The property’s original mansion at 5619 Walnut Hill Lane has been owned by a trust affiliated with the Edwin L. Cox family since 2019.
What mansions are for sale?
The original Crespi Estate is Dallas’ most expensive home listing, with a price tag of $64 million.
The mansion returned to the market in February after a $60 million listing in 2023 and a $47 million listing in 2024 that didn’t include extra acreage north of the home.
The 27,000-square-foot limestone mansion includes a primary suite that is 3,000 square feet and has 14-foot ceilings. The home’s other features include two wine cellars, a sensory deprivation tank, a panic room, a pool and a 19-seat theater. Pogir Pogir and Diane DuVall-Rogers of Briggs Freeman Sotheby’s International Realty have the listing.
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Related: Dallas’ priciest home hits market again with $64M price tag
A mansion marketed as Casa de Ondas, meaning “House of Waves” in Spanish, is the enclave’s newest listing.
Casa de Ondas, at 5547 Walnut Hill Lane, has a waved roofline, 5,000 square feet of covered terraces and garden space. The 13,900-square-foot home also includes an underground speakeasy, a golf simulator, a pool with a slide and a four-car garage.
The home is being sold by the Everett family. Scott Everett is the CEO of S2 Capital, one of Dallas-Fort Worth’s largest apartment owners. The sellers decided the custom home was more space than they needed, said Alex Perry of Perry Wisdom Barrett Narosov, a real estate team at Allie Beth Allman & Associates.
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When entering “Casa de Ondas,” visitors pass a tranquil water lily pond and enter the home under a waved roofline.
Stephen Reed
Another mansion in the community, at 5531 Walnut Hill Lane, is listed for nearly $15 million. The home was first listed in 2022 and has been on and off the market since. The property is owned by Crescent Estates Custom Homes, Moayedi’s home building company.
The mansion was completed in 2025 and was designed by SMH Architects. The nearly 12,000-square-foot home is on a two-acre property. The mansion also has a putting green, pickleball court and views of a water feature within the estates. Amy Detwiler of Detwiler + Wood Group, a real estate team at Compass has the listing.
The Crespi Estates also include two other mansions that are not listed for sale.
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This luxury home at 5531 Walnut Hill Lane in Dallas is listed for $14,997,000. Located within the Crespi Estates community, the residence has 11,997 square feet on nearly 2 acres.
Grant Wiseman