Dallas mansion sold by investment managers to California trust

Richard Drummond Davis architecture firm
Richard Drummond Davis architecture firm
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An 11,300-square-foot mansion at 3612 Crescent Avenue in Highland Park was sold, according to public records and Redfin, three months after it was removed from the Multiple Listing Service. The sale was reported on Mar. 12, with the Ketterer/Vorwald family trust—organized by Morgan Stanley wealth manager Alan Vorwald and Causeway Capital Management co-founder Sarah Ketterer—listed as the seller. The buyer is identified as the Amberhill Trust.

The property is notable for its size and design. Built in 2015 by Richard Drummond Davis architecture firm, which is known for classical Dallas mansions, the home sits on a 0.6-acre lot and features seven bedrooms and eight bathrooms. Its French chateau-inspired style includes a portico entrance and a two-story rotunda with a spiral staircase. There is also a guest house on the property. According to Compass agent Jonathan Rosen, who previously represented the listing, the basement wine storage room can hold up to 3,000 bottles, making it one of Highland Park’s largest wine cellars.

The mansion first entered the market in March 2024 with an asking price of $20 million, placing it among Texas’ most expensive residential listings at that time. The home left and re-entered the market several times before being finally removed in December at an asking price of $17.5 million—or $1,545 per square foot—according to Realtor.com. The final sale price has not been disclosed.

Both parties involved have ties to California; Ketterer serves as a Stanford University trustee while public records show Amberhill Trust’s mailing address is in Los Altos, California. The fiduciary firm servicing Amberhill Trust is also associated with other properties in Grand Prairie and Burleson through the Butler Noel Trust.

If sold at its last listed price of $17.5 million last year, this transaction would have surpassed six of Dallas’ top ten public residential sales in 2025.



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