A tucked-away North Texas estate at 5817 Red Wolf Lane in Plano quietly hit the market this week with a $21.5 million asking price, a figure agents say could be the highest ever publicly listed in the city. The Mediterranean-inspired spread covers roughly 12.8 acres and includes a 12,872-square-foot main house, an auxiliary guest house and a car barn built for serious vehicle storage.
What Comes With A $21.5 Million Plano Compound
The listing leans hard into old-world Palm Beach and Mediterranean details: limestone columns, hand-carved mahogany doors, plaster ceilings and arched windows that look out over a one-acre private pond. Outside, the grounds add a lap pool, spa, greenhouse, manicured gardens and walking paths, along with a 20-car garage outfitted with hydraulic lifts. Listing photos and MLS data put the house at about 12,872 square feet on roughly 12.8 acres, according to Redfin.
Agent Says Price Is A Play To Reset The Market
Listing agent Cindy O'Gorman of Ebby Halliday told the Houston-based outlet that the $21.5 million asking price is meant to “reset expectations for Plano’s high-end market,” adding that “this would be a record price for Plano.” Houston Chronicle published O'Gorman’s comments alongside photos and listing details.
Neighbor Sale And Current Owners
Public records and reporting indicate James and Ellen Davenport are the sellers who put the estate on the market, according to The Real Deal. Nearby on Red Wolf Lane, another property sold last year for about $15.9–$16 million, a transaction market watchers pointed to as the local benchmark for Collin County luxury sales, per reporting in The Dallas Morning News.
Why This Listing Matters For Plano
Large, contiguous parcels with estate-scale amenities are scarce inside Plano, and the listing lands as the suburb draws major corporate moves and big-ticket development that have helped fuel interest in luxury housing. Local business coverage has tracked headline-grabbing relocations and proposed entertainment districts that analysts say are reshaping buyer demand across the northern suburbs. D Magazine recently sketched out that broader economic backdrop.
Sticker Shock, Price Math And How It Is Being Pitched
At $21.5 million, the asking price works out to roughly $1,670 per square foot based on the listed dimensions, and brokerage and MLS aggregator pages show the property credited to Cindy O'Gorman of Ebby Halliday. The listing appears on multiple sites, including a Coldwell Banker mirror of the MLS entry that features photos and a full spec sheet for prospective buyers. Coldwell Banker and other listing pages provide the gallery and agent contact information while the estate is marketed as a private Mediterranean retreat for buyers who want acreage, privacy and specialized amenities.
