Dallas, TX
One of Texas’ priciest homes trades hands
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
Dallas entrepreneurs Jamie and Melbourne O’Banion list Highland Park mansion for $25M
Estate of late Dallas plastic surgeon Sam Hamra sells historic Highland Park teardown to mystery buyer
Robert Vaughn buys University Park spec mansion that asked $26M
Drivers both human and autonomous across the North Texas region experienced heavy flooding, with several becoming trapped along roadways that had filled with several inches of rainwater. FOX 4’s Shaun Rabb has more on the waterlogged morning.
Dallas Parks and Recreation will distribute 25,000 all-access passes that give Dallas teens free admission to cultural and recreational attractions across the city throughout July.
Passes will be available beginning June 29 on a first-come, first-served basis at City of Dallas recreation centers.
The program, now entering its fifth year, is open to Dallas residents ages 13 to 17. City leaders say the initiative, which launched in 2021, helps promote positive engagement opportunities for teens and reduce crime during the summer months.
Teens must register in person and provide proof of Dallas residency to receive a pass.
The city says the program is made possible through partnerships with local cultural, recreational, and entertainment organizations.
Participating attractions include:
- African American Museum
- Bahama Beach
- Bath House Cultural Center
- Latino Cultural Center
- South Dallas Cultural Center
- Oak Cliff Cultural Center
- Dallas Museum of Arts
- Community Art Pop Up Cultural
- Dallas Arboretum
- Dallas Holocaust and Human Rights Museum
- Dallas Park and Recreation Summer Fitness
- Dallas Zoo
- Frontiers of Flight Museum
- Golf Dallas
- Reunion Tower
- Shakespeare of Dallas
- State Fair of Texas
- Southern Skates Roller Rink
- Texas Discover Garden
- The Sixth Floor Museum At Dealey Plaza
- Trinity River Audubon
A full list of participating attractions and recreation centers distributing passes is available at DallasParks.org
At least four people were injured after a vehicle drove into a crowd of people in Dallas on Thursday evening.
Dallas police responded to an “Assist Officer call with an Ambulance” at approximately 7 p.m. in the 300 block of West Davis Street.
Authorities learned that a vehicle drove into a crowd, injuring multiple people. At least four have been taken to a local hospital for treatment. Police said no one was in critical condition.
The driver of the vehicle was arrested at the scene, police said. Authorities are still working to determine if this driver could have been drunk or if this could have been a medical episode.
According to police, there is no indication that the crash was terrorism related.
The investigation is ongoing.
This story will be updated as we learn more.
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