The sale of a mansion in Highland Park was finalized after the home was put up for auction in July.
The home at 3711 Lexington Ave. had previously been listed for about $30 million. The home includes about 20,500 square feet of space and is near St. Johns Drive and Lexington Avenue.
The mansion was built in 2012 and sits on about an acre of land in Highland Park. Following about a year on the market, a bidding process for the home administered by Concierge Auctions began in July. Dallas County records show the property was purchased by a real estate trust.
The auction began on July 15 and closed July 29. Following a monthlong waiting period, the sale closed and was entered into Dallas County records in early September.
The property was sold to the Driftwood Trust — a trust operated by Michael Baldwin, a partner at the law firm Jackson Walker — according to Dallas County records. The property’s sale price was not disclosed, and Baldwin did not immediately respond to a request for comment.
The home first hit the market at $36.5 million in March 2025. The home spent periods on and off the market and was listed at $29.9 million in December 2025, according to Zillow. The home returned to the market with a listing price of $17 million on July 15, marking the opening bid price.
The Dallas Central Appraisal District placed the home’s value at about $26.6 million for tax purposes.
The mansion includes a two-story great room outlined with bookcases and recessed alcoves, a screened porch with views of a creek, a pool and a grand staircase. The mansion has five bedrooms, seven full bathrooms and six half bathrooms.
The property had been owned by Larry and Joyce Lacerte since 2011, according to the appraisal district. Larry Lacerte is an entrepreneur who sold his company, Lacerte Software Corp., to Intuit.
“Watching so many people recognize and appreciate what makes this home so special has been incredibly meaningful,” Joyce Lacerte said in a statement following the close of the auction.
Lacerte said the home’s architect, Cole Smith, had created something timeless as evidenced by the bidders involved. She also thanked the auction company for helping connect the home to the right buyer.
Chad Roffers, CEO of Concierge Auctions, said in a news release that Highland Park is one of the most coveted residential addresses in the country and the estate designed by Smith stands apart, even in that context.
“The property carries a level of architectural significance that resonated with buyers around the world — and we are proud to have delivered a result worthy of that legacy,” he said.