Highland Park Estate Hits Market at $20M

A lavish estate is up for grabs in Highland Park, an area that often yields some of the highest-priced homes in the Dallas metro.

The seven-bedroom, 11,300-square-foot mansion at 3612 Crescent Avenue has hit the market at nearly $20 million, the Dallas Morning News reported. The asking price equates to about $1,766 per square foot and puts it among the most-expensive houses that have hit the market in Texas this year.

Jonathan Rosen of Compass is the listing agent. The Ketterer Vorwald Family Trust owns the property, according to the Dallas Central Appraisal District. Sarah Ketterer is the co-founder of Los Angeles-based Causeway Capital Management. Her husband, Alan Vorwald, is a private wealth manager with Morgan Stanley in California and Texas.

The mansion, sitting on a little over half an acre, features seven bedrooms, elevator service on all three floors and an oversized three-car garage. Outside there’s a “resort-like” pool accompanied by a 1,500-square-foot cabana and lounge on each side of the hot tub. The property also includes a 1,700-square-foot guest house.

One of the standout features of the mansion is a 3,000-bottle, sub-ground wine room. Adorned with a floor-to-ceiling glass display visible from an adjacent study, the wine room is among the largest in all of Highland Park.

“It’s something you’d see in Napa or in a restaurant,” Rosen told the outlet. “It’s really beautiful.”

The home, built in 2016, was designed by Drummond Davis Architects and Sebastian Construction Group, adhering to specifications made by the previous owner. Landscape architect Harold Leidner handled exterior work.

Highland Park and University Park, both affluent communities north of Dallas, are the backbone of Dallas’ luxury real estate market. In October, a 8,500-square-foot Highland Park mansion, which neighbors the recently-listed property, hit the market at $32 million, making it the second-most expensive single-family residence in Dallas-Fort Worth.

In University Park, the 14,000-square-foot mansion at 6920 Vassar Avenue was listed for $20.5 million last June.

—Quinn Donoghue