9505 Inwood Road on an acre of land is going up for auction. (Photo courtesy of eXp Realty LLC)
If you have a few million dollars to spare and a taste for luxury, an extraordinary opportunity awaits in Dallas. The opulent Inwood Grove Estate, nestled in the prestigious Preston Hollow neighborhood, is set to go under the hammer from June 4 to 6. This unique auction follows the trend of high-end Dallas homes being sold through this exciting and competitive process.
A Mansion Like No Other
Inwood Grove Estate is not just a house; it’s a masterpiece of custom design. This sprawling property boasts five spacious bedrooms, a dedicated office, and a game room. Additionally, the home includes a one-bedroom guest house, providing ample space for family, guests, and entertainment. The estate’s estimated value has nearly doubled since 2014, highlighting its remarkable appeal and investment potential.
A Rare Gem in Preston Hollow
One of the standout features of Inwood Grove Estate is its expansive lot. Spanning more than an acre, the estate offers an abundance of outdoor space, a rarity in the Preston Hollow community where most homes sit on less than half an acre. Jennie Heal, CEO of Supreme Auctions, emphasizes the estate’s unique setting, stating, “Everyone who’s seen the home has commented on how incredibly quiet it is and they can’t get over the grounds. You just don’t see this in Preston Hollow.”
The property is set back off Inwood Road, providing a serene and private oasis amidst the bustling city. A terrace overlooks an impeccably manicured lawn, while a wall of windows offers breathtaking views of the pool and gardens, blending indoor and outdoor living seamlessly.
Luxury and Tranquility
The current owners, Pedro Juan Vergne-Morell and Francisco Javier Vergne-Morell, have created a haven of luxury and tranquility. Pedro Juan Vergne-Morell, the CEO of PCI HealthDev, a medical real estate solutions company based in Dallas, highlighted the advantages of selling through an auction process. He noted the process and to achieve the “highest and best market price” in a shorter time frame as significant benefits.
Jennie Heal from Supreme Auctions elaborates, “They can dictate when the home is going to sell if they have two or three homes and they’re maintaining and managing them. It’s a much more cost- and time-efficient process for them.”
The Auction Process: Pros and Cons
This auction process offers advantages such as attracting a broader range of buyers as well as reducing the time a property spends on the market. As a result, the process also has its challenges. Rogers Healy, CEO of Dallas-based Rogers Healy and Associates Real Estate, points out that there are typically more upfront fees for sellers. Buyers, too, may encounter premiums of up to 10 percent of the purchase price, which can add to the overall cost.
Despite these potential drawbacks, the auction method provides a dynamic and transparent platform for both buyers and sellers. This subsequently makes it an increasingly attractive option for luxury real estate transactions.
Your Chance to Own a Piece of Luxury
Inwood Grove Estate is a rare gem. It combines luxury, space, and privacy in one of Dallas’s most sought-after neighborhoods. The auction, by Supreme Auctions in collaboration with eXp Realty LLC, offers a unique opportunity to own this exceptional property.
Bid on this exquisite estate before you miss your chance, and make it your own. Mark your calendars for June 4 to 6 and prepare to experience the allure of Inwood Grove Estate. Whether you’re a seasoned investor or looking for your dream home, you won’t want to miss this auction..
Finally, for more information and to register for the auction, visit the Supreme Auctions website. Get ready to step into a world of elegance and sophistication in the heart of North Dallas.
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Article: Dallas Morning News – June 4, 2024