North Dallas Estate Sells After 2M in Price Drops

A North Dallas mansion on an acre lot traded this month after more than a year on the market.

Financier Jeffrey Schwaber and his wife Rebecca Schwaber sold the home at 6618 Belmead Drive on April 20 to a trust managed by Serina Yu, according to public records.

The home was initially listed in December 2024 for $10.5 million. The price lowered gradually throughout the year and eventually relisted for $8.5 million in late November 2025, landing on the Houston Association of Realtors’ list of the top ten most expensive new residential listings in Texas for December. Its listing price amounts to about $860 per square foot. The final sale price was not disclosed.

Designed by Nolan Homes and built in 2016, the 9,800-square-foot home sits on an acre lot in the Hillcrest Estates, a small neighborhood just north of Dallas’ most expensive enclaves but noted for its contemporary architecture.

The two-story home has five bedrooms and nine bathrooms. Features of the property include a sports court, a four-car garage, a playroom with a lighted stage and a kitchen stocked with several appliances in pairs, including twin refrigerators, freezers, ovens and dishwashers. Dave Perry-Miller Real Estate agent Roxanne Diamond had the listing.

Almost all of the top residential sales in Dallas-Fort Worth last year clustered in Highland Park, University Park and Preston Hollow, the northernmost neighborhood of the three. The only outlier was the estate at 5805 Red Wolf Lane in Plano, which BuzzBalls founder Merrilee Kick and her family bought for $15.9 million in May. The Hillcrest Estates lie just northeast of Preston Hollow.

Other notable luxury sales that took place in Dallas-Fort Worth recently include a spec mansion at 6901 Hunters Glen Road in University Park that asked $24.5 million before selling on April 20; a Highland Park home that belonged to the former head of 7-Eleven at 3918 Normandy Avenue, which sold on March 25 after asking $9 million; a Westlake home at 1121 Post Oak Place that had also tried the market since 2024 before selling with an asking price of $11 million in March; and a Highland Park historic home at 4700 Lakeside Drive that traded hands in March after asking $15 million.