Tanglewood Mansion Listed Just Shy Of $4M

A lavish Houston estate that’s been the longtime home of the DeMontrond family, owner of more than a dozen regional auto dealerships from Cleveland to Texas City, is up for grabs.

The 7,000-square-foot house, located at 700 Pine Shadows Drive in the Tanglewood neighborhood, is being listed at $3.9 million, the Houston Chronicle reported. Nan and Co. Properties CEO Nancy Almodovar will serve as the listing agent.

The mansion sits on a roughly one-acre lot. It has five bedrooms, four full bathrooms and two half baths. Its 46,000-square foot lot size is the largest among active listings in Tanglewood, where the median home value is around $2 million, according to the Houston Association of Realtors.

Almodovar said the property is already drawing interest from local residents who have been craving a larger lot. She also mentioned its close proximity to a private park.

“They love Tanglewood, so we’ve had a lot of interest from a few of the current homeowners in the neighborhood,” she told the outlet.

Members of the DeMontrond family moved into the house in 1992. They bought a seven-bedroom, 10-bathroom estate in River Oaks for $16 million in March.

The 700 Pine Shadows property could be on the market for a while given the abundance of inventory in Houston. As of April, the number of available properties shot up nearly 63 percent year-over-year. Average listing prices are also nearing a record high in the Bayou City.

—Quinn Donoghue