A mystery trust bought one of the most expensive homes in Texas this week — just months after buying another multimillion dollar property nearby.

The Lost River Trust bought the mansion at 4815 Saint Johns Drive in Highland Park from Dallas entrepreneurs Melbourne and Jamie O’Banion on May 5, according to county records. The final sale price is undisclosed, but the sellers had the home listed for $24.9 million at the time.

The six-bedroom, eight-bathroom home spans 11,433 square feet on a 0.6-acre lot, according to the listing. It was built by Mark Molthan and designed by Tom Weber. They listed the home on March 23 for about $2,200 per square foot.

Allie Beth Allman, founder of the eponymous brokerage, represented the sellers. Damon Williamson with The Agency represented the buyer, according to Redfin.

Just two Dallas homes last year sold with listing prices higher than $25 million, though both sold for well below what they asked. The trust of the late Fortress Investment Group CEO Josh Pack sold his former home at 6601 Hunters Glen Road for $30.5 million after asking $35 million, and manufacturer Guinn Crousen sold his home at 4000 Euclid Avenue for $25.5 million after asking $33 million.

Only six homes in Texas are asking a higher price, according to Zillow. Two effectively tie with the home on Saint Johns Drive: a spec mansion on Strait Lane that’s asking $25 million, and another new construction at 4 Lana Lane in Houston that’s asking $25.5 million.

The Lost River Trust bought another luxury home just six months ago. On Nov. 14, the trust purchased the home at 3709 Euclid Avenue, a four-bedroom, six-bathroom, 5,845-square-foot house that was asking $14 million when it withdrew from the market in September. It’s about half a mile south of the home on Saint Johns Drive.

Melbourne O’Banion is the CEO of Dallas-based tech startup Bestow, which produces software for life insurance companies. His wife Jamie O’Banion is the founder of Dallas-based cosmetics company BeautyBio.

The Crespi Estate at 5619 Walnut Hill Lane, listed by the Cox Family for $64 million, remains the most expensive home on the market in Texas.

Read more

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Robert Vaughn buys University Park spec mansion that asked $26M

Four men were convicted in Miami for their roles in the 2021 assassination of Haitian President Jovenel Moïse that further destabilized the government and led to years of violence in the country.

Jurors returned guilty verdicts Friday against the men, who prosecutors said had organized the plot using Colombian mercenaries and Haitian gang members to violently oust Moïse and replace him with a friendly successor to allow them to obtain lucrative contracts with the government. The group helped supply equipment from Florida to aid in the killing, prosecutors said.

ATLANTA – An Atlanta flight attendant and mother of eight is among 17,000 Spirit Airlines workers struggling to find a new “destination” after the carrier suddenly shut down.

Spirit Airlines Atlanta impact

What we know:

Spirit Airlines ended all operations on Saturday, grounding its entire fleet and ending employment for its 17,000-person workforce. Flight attendants and customers were stranded across the country, often forced to pay for their own travel home after the discount carrier ceased operations.

Kamille Carter, an Atlanta-based flight attendant of five years, said she received the termination email from the CEO at 3 a.m., despite earlier assurances from union representatives that the company was stable. The company immediately cut healthcare benefits and stopped payments for sick leave and vacation time for all staff members.

Unpaid wages and benefits

What we don’t know:

It is unclear if Carter and her fellow employees will ever receive their final paychecks or if there is any legal recourse for the lost benefits. The company has not specified if any transition assistance will be provided to workers, some of whom had been with the airline since it launched in 1994.

Employee reaction in Georgia

What they’re saying:

“This is a death because you have to mourn, you have to grieve, it’s a process,” Carter said of the sudden job loss. Despite the financial strain of supporting eight children, Carter is looking toward her passion for cooking as a potential new career. She noted that while being uncomfortable is difficult, it can “push you to your destiny.”

Finding help in Atlanta

What you can do:

Community members looking to support Carter and other local workers affected by the shutdown can find more information on the FOX 5 Atlanta website. The station is collecting resources for those navigating the sudden loss of income and healthcare.