Mansion Of Texas Billionaire Andy Beal Up For Auction With No Reserve

A 25-acre Dallas estate - once listed for $135million – will be sold to the highest bidder next month as it goes under the hammer with no reserve.

The Texas property, which include a 27,092-square-foot mansion, a 3,347-square-foot guesthouse and a 4,836-square-foot pool house, is owned by billionaire banker Andy Beal.

The Hollow Way Estate was designed by famed architect Maurice Fatio, who is responsible for David Rockefeller’s New York residence on East 65th Street, back in in 1938. Between 2000 and 2003, the mansion underwent a meticulous restoration of the wrought-iron staircases, bay windows, parquet hardwood and marble floors, handcrafted millwork and coffered ceilings.

The mansion has 10 bedrooms, 12 full bathrooms and five half bathrooms, two home offices, a library, wet bar and lounge, a wine cellar and home theater. The grounds also house an outdoor kitchen/barbecue area, a sports court, tennis court, resort-style pool with a hot tub and patio areas. The landscaping features mature lawns, greenhouses, ponds, walking paths, spring-fed creeks and stone bridges.

"It's an incredible property by all standards," says Beal. "With their unique sales process and proven track record, Concierge Auctions has my full confidence that this is the best way to showcase this one-of-a-kind property on a global scale."

It was once owned by Tim Hicks, an investor and former owner of sports teams, including Liverpool F.C., the Texas Rangers, the Dallas Stars and the Mesquite Championship Rodeo. The 64-year-old founder and chairman of Beal Bank and Beal Bank USA, who has a net worth of $11.2 billion, used a trust to buy the property early last year and is now putting it up for auction on December 20.

The auction will be without reserve, meaning that the highest bidder will become the new owner, according to Concierge Auctions.