A freshly built neoclassical spec mansion in Preston Hollow has traded hands under the radar after hitting the market at about $23 million. The limestone-clad estate at 1 Dorset Place spans roughly 15,700 square feet, with six bedrooms, eight bathrooms and an oversized garage sized for a double-digit car collection. Public records show a trust tied to Tu and Alex Dao as the buyer and list the Sharif Family Revocable Trust as the seller. The final sale price has not been disclosed.
According to The Real Deal, the Sharif Family Revocable Trust closed the deal on Monday with a trust connected to the Daos. The outlet places this transaction inside a roughly 10 square mile pocket of north Dallas that has seen about $70 million in luxury home volume over the past two weeks. Public listing history shows the Sharifs bought the lot in 2022, when it was marketed for about $2.8 million, per Zillow.
Listing highlights
Brokerage materials show the property sits on about an acre and was listed at $22,995,000, working out to roughly $1,460 to $1,500 per square foot, with approximately 15,749 square feet of finished interior space. The marketing copy, which credits the builder and design collaborators, leans heavily on the “museum quality” angle, citing French-cut limestone and heavy slab marble among the headline finishes, per the property listing.
The home also leans into the amenity race. Listing details and local coverage describe a temperature-controlled show garage that includes a glass-encased man cave and a three-sided zero-edge pool, features the selling agent emphasized in writeups. It is the sort of setup that clearly expects its next owner to arrive with a serious car lineup and a taste for showing it off.
Why Dallas still draws megadeals
The sale adds to a recent cluster of high-end trades that suggests Dallas still attracts buyers who want large, newly built estates, even as pricing pressure nudges some sellers into discount territory. The Real Deal notes that several recent Texas luxury closings have landed well below their original list prices, a pattern that is starting to shape how spec builders and sellers set their asking numbers.
For anyone following this tier of the market, the headline list price is increasingly more of a conversation starter than a promise. The published ask tells you what the seller hopes to get, not necessarily what ends up in the closing documents.
Who the new owners are
Public records identify the buyer as a trust tied to Tu and Alex Dao, executives associated with regional anesthesia firm OrthoMed. Dr. Tu Dao is listed as chief executive on OrthoMed, and company directories and profiles show Alex Dao in an executive position at the same firm. Their healthcare business presence in the Dallas area helps explain why the purchase ran through a private trust rather than a straightforward personal deed.
The listing was handled by Jonathan Rosen of Compass, according to the public MLS and brokerage records. Those brokerage pages remain the primary public source for the home’s marketing details, finish descriptions and square footage figures.
