Dunhill Partners CEO lists Coconut Grove estate for $9.5M

UPDATED Nov. 14, 3:40 p.m.: One of Dallas’s largest commercial real estate developers, Bill Hutchinson, is listing his Coconut Grove estate for $9.5 million.

Hutchinson’s 12,863-square-foot Italian-inspired home at 1840 South Bayshore Lane has six bedrooms and eight bathrooms overlooking the bay. Hutchinson renovated the property in 2017 after purchasing it in 2016 for $5.9 million at an auction.

Hutchinson bought the estate from Richard and Cristina Daniels, who paid $750,000 for the plot in 2000, property records show. They custom-built the three-story home in 2009 on an 11,851-square-foot lot.

Bo Mastykaz of Douglas Elliman Real Estate is the listing agent for the property. The listing will go live Wednesday, according to a spokesperson.

Hutchinson’s company, Dunhill Partners, has more than 4.5 million square feet of investments from Texas to Hawaii. It is leading the revitalization of the Dallas Design District, which is northwest of downtown Dallas and is known for its art scene and restaurants.

In Dallas, Bill Hutchinson partnered with Sir Richard Branson to introduce Virgin Hotel, which broke ground in October 2016, according to a release. Virgin Hotels Dallas will be a new building located within the 33 acres that developer Dunhill Partners and Hutchinson, acquired in 2014.

Correction: A previous version of this story had an incorrect number of bedrooms and bathrooms.