For Sale: 1.2 Acres for $12.5 Million

May 5, 2009 by Eric OKeefe  

4500 lakeshore drive

Every now and then, a listing comes along that is a flat-out jaw-dropper. Some, like the Bell Ranch at nearly 500 square miles, defy comprehension because of sheer size. At 186′ x 300′ this residential lot in the Dallas suburb of Highland Park takes the prize for price: $10+ million per acre.

Go ahead and take a closer look at 4500 Lakeside Drive. I walked it myself. Took about two minutes. Can’t make it to Dallas? Check out the website of the brokerage with the listing: Allie Beth Allman & Associates.

P.S. No ag exemption.

More Field Reports From The Land Report:
  1. For Sale: Bell Ranch Gets Bigger
    The biggest ranch on the market in America just got bigger. The heirs of William Lane, who assembled New Mexico’s Bell Ranch 40 years ago, have elected to include an additional...
  2. Sold! Steamboat’s Perry Ranch
    A well-known Rocky Mountain landmark, Colorado’s 470-acre Perry Ranch, sold for $11 million ($23,000+ per acre). The sellers paid $13 million for the Routt County ranch in 2007 intending...
  3. For Sale: 19,079-Acre Pineywoods Mitigation Bank in East Texas
    One of the largest wetland mitigation banks in the nation is on the market. Located in Angelina, Jasper, and Polk Counties, the Pineywoods Mitigation Bank is currently the largest...
  4. Sold! Montana’s Yellowstone Club Goes for $115 Million
    CrossHarbor Capital Partners LLC paid $115 million to buy Montana’s Yellowstone Club out of bankruptcy court yesterday. The Boston-based private-equity firm agreed to pay $35 million in cash and assume $80 million...
  5. For Sale: Val Kilmer’s New Mexico Ranch for $33 Million
    Val Kilmer, star of Top Gun, Tombstone and Willow, has put his 5,970-acre Pecos River Ranch on the market for $33 million. John Watson of Orvis/Cushman & Wakefield has...
Share this via Social Networking!
  • e-mail
  • Digg
  • del.icio.us
  • Facebook
  • Mixx
  • Google Bookmarks
  • blogmarks
  • Live
  • NewsVine
  • Reddit
  • StumbleUpon
  • Technorati
  • TwitThis

Comments

One Response to “For Sale: 1.2 Acres for $12.5 Million”
  1. Lynn says:

    I know that everything is bigger in Texas, but you would be the biggest idiot in Texas to by this little bit of land for sooooo much money. This seems overpriced!

Speak Your Mind

Tell us what you're thinking...
and oh, if you want a pic to show with your comment, go get a gravatar!