A Preston Hollow mansion in Dallas, initially listed for $13.7 million earlier this year, has been sold after a significant price reduction. The property, owned by physicians Hooman and Tannaz Sedighi, was put on the market in February and became the second-most expensive new listing in Texas that month, according to the Houston Association of Realtors.
The home was purchased by Rohan Thambrahalli and Melonie Carnegie, founders of the fintech app Growvana. Public records indicate that the couple secured an $8.5 million mortgage for the purchase. At the time of sale, the asking price had dropped to $12.3 million, equating to roughly $1,000 per square foot. The final sale price has not been disclosed.
Built this year by Atrium Fine Homes on a one-acre lot, the mansion features six bedrooms and eight bathrooms across 11,800 square feet. The listing highlighted materials such as oak and teak wood from Brazil, marble from Italy, and stone sourced from Argentina, Brazil, Israel, Italy, Portugal and Spain. A turfed upper deck inspired by Klyde Warren Park extends over a ground-floor lanai connecting the main house with guest quarters.
In February, another nearby property at 4000 Euclid Avenue was listed for $32.5 million—making it likely the most expensive residential sale in Texas this year when it changed hands last week.
Price reductions have become more common among high-end properties in Texas recently. Notable examples include Gary Osier’s contemporary mansion in Old Preston Hollow—which sold after a 5 percent price cut with an asking price of $11.7 million—and Mark Haidar’s White Rock Lake estate that underwent a total reduction of $5 million before selling at $10.9 million. In contrast, Mehrdad Moayedi’s spec project at 10006 Hollow Way Road sold at its original listing price of $15.9 million.
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