Mansion sets Houston record for most expensive home sale ever at $20M+


In a record-setting deal for Houston, an insurance industry executive has sold his nearly 27,000 square-foot mansion in the Memorial area for more than $20 million.

The sprawling European-palace-inspired-estate sold last Friday. It is the priciest single-family home sale ever recorded through Multiple Listing Services in the greater Houston area (not including off-market transactions), according to Houston Association of Realtor records and Douglas Elliman, the luxury real estate brokerage that marketed the property.  Douglas Elliman Realty licensed associates Mark Menendez and Gigi Huang listed the property.

Stephen  L. Way, former CEO of Houston International Insurance Group, initially put the property on the market in late 2019 for $29.5 million, according to earlier media reports. The property was relisted by Douglas Elliman in March 2020.

Douglas Elliman did not disclose the buyer, but an entity known as JNC Partners Revocable Trust was listed as the buyers on Harris County deed records, with Carolyn Maria Hughes and Jon Custer Hughes listed as the entity’s trustees. An agent for the buyer was not disclosed.

RELATED: Douglas Elliman opens swanky River Oaks-area office

Located on 4.20-acres, the main house wraps around the courtyard with views of the grounds, including expansive manicured gardens inspired by the gardens of Versailles, France.  The outdoor living area includes an oversized dark sapphire pool, magnolia trees, multiple terraces, an outdoor kitchen, a sports court, a playground and open grass fields.

The exterior of  the nearly 27,000 square-foot mansion is interspersed with pale yellow accents inspired by the royal Windsor Castle in England. The mansion has six bedrooms, seven full and nine half bathrooms, multiple kitchens, a wellness spa/gym and entertainment features throughout. There’s also a two bedroom, 3,700-square-foot guest home on the property. The entire estate is secured by stone walls, iron fences and an electric gate.

The mansion is nestled in one of the wealthiest enclaves of Houston within the 77024  zip code, where the average home sales price is $2.1 million, according to HAR. On the same street, another mansion at 100 Carnarvorn, nicknamed the “Chateau Carnarvon” at one point was the most expensive listing in Houston when hit the market at $43 million in 2014. The price was reduced to $30 million  in 2018, but the home ultimately has not sold and is now currently off the market, according to HAR records.



Read More: Mansion sets Houston record for most expensive home sale ever at $20M+

2022-10-31 12:28:22

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More