A Highland Park mansion at 3612 Crescent Avenue has quietly changed hands. The 11,300-square-foot, French chateau–inspired house, which was built in 2015 and repeatedly relisted over the last year, now shows a deed transferring ownership to a California trust, while county records list the seller as a family trust tied to investment managers. Public filings do not show a final sale price.
According to The Real Deal, the deed names the Ketterer/Vorwald family trust as the seller and the Amberhill Trust as the buyer, and lists a Los Altos, California, mailing address for the purchasing trust. The Real Deal notes that the deed does not identify who organized the buyer trust.
Design and features
Listing materials and local reporting describe a stone-clad, classical house designed by Richard Drummond Davis’ firm and represented on Compass, with seven bedrooms, eight bathrooms and an estimated 3,000-bottle, below-ground wine room. The Dallas Morning News and the Compass listing show the property sits on about 0.6 acres and includes a guest house, an elevator and a resort-style pool.
Listing history
Public listing snapshots show the house first hit the market in early 2024 near $20 million and resurfaced several times. The listing was removed in December at an asking price of $17.5 million, roughly $1,545 per square foot. Market sites including Realtor.com and Redfin show the property as off-market after multiple relistings in 2024–25.
Who sold it
County and listing records trace the seller to the Ketterer/Vorwald family trust, a holding tied to Sarah Ketterer and Alan Vorwald. Stanford's announcement of trustee appointments and Morgan Stanley biographical pages outline Ketterer’s role as a Causeway Capital co-founder and trustee and Vorwald’s work in private wealth management. Stanford and Morgan Stanley bios provide background on the pair's civic and financial ties.
What it signals
The sale is the latest episode in a market for ultra-luxury Texas homes where price adjustments and patience have become common. The Real Deal notes that, had the property sold at its final asking price, it would have outranked several of the top public residential sales recorded in Dallas last year. For now, deed and listing records suggest a private, out-of-state buyer quietly added one of Highland Park’s largest modern estates to its holdings.
