A Mediterranean-style mansion in Highland Park quietly changed hands last Wednesday, slipping off the MLS and into new ownership after months of stop-and-start listing activity. The 7,842-square-foot house had been marketed near $12 million and was removed from the MLS in mid-March, and county filings indicate the buyers secured an $8.1 million mortgage. The sellers and the final sales price were not publicly disclosed with the deed filing.
According to The Real Deal, deed records show former finance and oil executive Lee Edgar Mikles and his wife, Lori Mikles, transferred the property to Michael and Stacey Watson last Wednesday. The report notes that the buyers secured an $8.1 million loan tied to the purchase.
Listing history and price
Per Redfin, the house first hit the market in September 2025 for just under $12 million and was last listed at $11.45 million before being pulled from the MLS on March 17, after roughly 194 days on and off the market. That final asking figure worked out to about $1,460 per square foot based on the listed size.
About the house
The listing on Realtor.com describes the 2001 Mediterranean as roughly 7,842 square feet with five bedrooms on a roughly 0.35-acre corner lot. Amenities highlighted in the listing include two wet bars, four fireplaces, and a second-story balcony that looks over a walled backyard, the kind of setup that fits right in with Highland Park’s taste for privacy. The MLS shows the property was marketed by Briggs Freeman Sotheby’s International Realty, according to The Real Deal.
Where it fits in the market
Public sale history shows the home changed hands in 2023 after a quick flip, when it sold in about a month at an asking price of roughly $8 million, per Redfin. A nearby Highland Park comparable, the former home of 7-Eleven heir Jere Thompson at 3918 Normandy Avenue, closed in late March after leaving the market at a $9 million asking price, The Dallas Morning News reported, underscoring steady demand for trophy properties in the 75205 ZIP code.
