The iconic Dallas home of art-collecting and philanthropic duo Howard and Cindy Rachofsky will hit the open market with a $23 million price tag.
The Preston Road property had been offered off-market and without an asking price since spring. Listing agent Faisal Halum with Compass informed The Dallas Morning News of the change Friday.
“After a thoughtful private introduction, opening the listing allows more potential stewards to experience this landmark,” Halum said. “The home embodies openness, and this step reflects that.”
The duo told The News in May the decision to sell the property was part of their estate planning.
D-FW Real Estate News
They plan to travel more and spend time at their property in Napa Valley. They also didn’t want to burden their children “with a house like that,” the couple said.
Designed by architect Richard Meier, the nearly 10,000-square-foot home was the site of the Two x Two gala, a joint benefit for the Dallas Museum of Art and amfAR, the Foundation for AIDS Research.
Since 1999, the gala and art auction raised $120 million for AIDS research and the Dallas Art Museum. The final gala was held in October 2024.
Iconic Rachofsky House to hit open market for $23M
View Gallery
The couple cleared their massive art collection and furniture out to make way for the gathering.
The event put Dallas’ art scene on the map, and the event’s guest list reads like a who’s who of Hollywood glitterari. Actors Sharon Stone and Alan Cumming, as well as Dallas sports legends like Jerry Jones and Dirk Nowitzki have graced the home.
Musical headliners at the swanky soirée include Diana Ross, Ricky Martin and CeeLo Green.
Howard Rachofsky wanted to live among his collection, and the house itself was a work of art. He once described the property as a tiny apartment sitting atop a museum.
Built in 1996, the home at 8605 Preston Road resembles a white minimalist structure on a coal-black pedestal.
The more than 9,000-square-foot home has two bedrooms and six bathrooms. It sits on more than 3.2 acres of land.
Former News architecture critic David Dillon wrote that Howard Rachofsky hired Meier to design the home after seeing his High Museum of Art in Atlanta in the mid-1980s.
The home took 10 years to finish. There was no front stoop. The white panel front door was without a door knob. The property, at one point, also had the city’s only champagne vending machine, according to News archives.
The couple’s art collection has been promised to the Dallas Museum of Art.
“We decided now was as good a time as any (to sell),” 81-year-old Howard Rachofsky previously told The News.