Friday, July 19, 2013

$12 million 'M Mansion' headed to auction in September

Provided By:Dallas Business

One of Dallas’ most prestigious mansions has landed on the auction block.
The $12 million French-style chateau known as the ‘M Mansion’ is scheduled for auction on Sept. 19.
Concierge Auctions will auction off the property to buyers throughout the world, which will bring top dollar to the mansion,Rogers Healy, owner and broker at Dallas-based Rogers Healy and Associates, told the Dallas Business Journal.
Healy is marketing the property and working in conjunction with the New York City-based auction company.
Last year, Concierge Auctions sold Champ d’Or, the massive Versailles-inspired chateau in Denton County. Earlier this year, the auction company sold the Kings Gate Mansion in Plano.
Healy says he hopes for the same success with M Mansion.
“I’ve had offers on the property, but the auction will bring top dollar to the property,” he told me.
The mansion is owned by Flora Mascolo, the widow of world-renowned designer Guy Mascolo, one of the founders of Toni & Guy, which has its U.S. operations based in Carrollton.
The 15,074-square-foot mansion at 5540 N. 40 Place in North Dallas on 3.29 acres of land, and includes luxe amenities such as outdoor oasis, multiple gardens, spa and a soccer field.
The nine-bedroom, 12-bath home was built by Ventura Custom Homes.
M Mansion has served as a luxury rental for Super Bowl XLV and high-profile weddings. Healy said. The property has been on the market for nearly a year.

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