Tom Hicks' Dallas Mansion Discounted to $100M From $135M

Have you ever wondered what a $100 million-luxury house looks like?

Tom Hicks, an investor and the former Liverpool owner, lowered the asking price for his Dallas property, according to The Wall Street Journal.

The Preston Hollow property, which had an asking price of $135 million in 2013, now sells for $100 million. Also, this once privately-listed home of Hicks and his wife, along with their 6 children, has just recently become a publicly-listed property, according to the family's listing agent, Ms. Allman of Allie Beth Allman & Associates.

Even though the asking price was lowered by as much as $35 million, it is still the most expensive property in Dallas until now as noted by The Wall Street Journal. This is far from the asking price of the second on the list that sells for $33.5 million - a 15,300 sq.ft. home designed by Robert A.M. Stern.

It is also the biggest property in the State of Dallas and according to the Mirror the 25-acre estate will reportedly take two hours for visitors or prospected buyers to tour! After all, it is more than 27,000 square feet.

The house, designed in the 1930s by Maurice Fatio, was bought by the Hicks couple in 1997, said Ms. Allman, who handled the sale back then. She said that from the year 2000, the couple made so many extensive renovations for more than 30 months and notably shed more money than its already expensive listed price of $100 million.

The property includes a four-story Italian-style home also sitting in the compound. It has 7 bedrooms, 9 full bathrooms, 4 half-baths, a separate staff wing, a two-story guesthouse, and a caretaker's house.

The Hicks mansion also boasts of a helicopter pad and a recreation complex. The recreation complex is spead on a roughly 4,900 sq. ft. area that's been built for luxury entertainment and ralaxation. It has a wet bar, a 25 by 35 ft. pool, an 18-seat movie theater and an entertainment area.

According to the The Wall Street Journal, Mr. Hicks, already 69, said he wants to spend more time in their other home in La Jolla, San Diego, California.

There's no specific reason for the price drop and this is not the first time it dropped, says the Mirror. The Wall Street Journal also reports a statement from its former listing agent, Doug Newby saying that, "its price was reduced from $135 million to $98 million already in 2013".

Tom Hicks also had stakes in several sports franchises, including the one he sold in 2010, the Texas Rangers baseball team.