Luxury Dallas Estate: Councilman Lee Kleinman’s Hillcrest Estates Home Heads to No-Reserve Auction

A rare opportunity is set to unfold this Saturday, September 28, at 11:00 a.m., as the magnificent 7,154-square-foot Hillcrest Estates residence, owned by Dallas City Councilman Lee Kleinman and his accomplished wife, Dr. Lisa Umholtz, goes under the hammer. This highly anticipated event will be conducted by Elite Auctions at the prestigious address of 11322 East Ricks Circle, Dallas. What makes this particular auction exceptionally compelling for discerning buyers is the remarkable condition of a no minimum reserve price, opening the doors for a truly market-driven acquisition of a prime luxury property.
Prospective bidders are invited to attend the final property preview scheduled for Friday afternoon, from 1-4 p.m., offering a last chance to experience the grandeur of this estate firsthand. For those ready to participate in the bidding, registration commences bright and early Saturday morning at 9:00 a.m., ensuring ample time to prepare before the auction begins.
Elite Auctions: A Trusted Name in Luxury Real Estate
Elite Auctions has firmly established itself as a premier luxury home auction company, with an increasing presence across the DFW metroplex. Their reputation for successfully facilitating the sale of high-value properties precedes them. The company has a distinguished track record, having notably auctioned off the exquisite Vaquero properties belonging to Vanessa Swarovski, followed by the sprawling estate of former MLB star Mark Teixeira, and the elegant Highland Park residence of MLB Hall of Famer Michael Young. These successes underscore Elite Auctions’ expertise in attracting qualified buyers and achieving optimal results for sellers of exclusive real estate.
The Esteemed Hillcrest Estates Neighborhood: Dallas’s Hidden Gem
This Saturday, the spotlight shifts to North Dallas, specifically the serene and highly sought-after enclave that, while often colloquially referred to as Preston Hollow, is officially known as Hillcrest Estates. This prestigious neighborhood is ideally situated in what is more accurately described as the Preston Royal area, offering residents the perfect blend of secluded luxury and convenient access to Dallas’s vibrant amenities. Hillcrest Estates is distinguished by its approximately 90 sprawling properties, each boasting a minimum of one acre. However, a select few homes, particularly those nestled along East and West Ricks Circle, Wander Lane, and Belmead, proudly feature even larger, more expansive lots, providing unparalleled privacy and space.
The Kleinman home stands as a prime example of these exceptional properties. Its unique contemporary design, a testament to thoughtful architecture, has even inspired the Kleinmans’ daughter to pursue a career in architecture – a true measure of its lasting impact and aesthetic brilliance.
An Architectural Masterpiece by Gregory S. Ibanez
Built in 1993 by the esteemed AIA Fellow Gregory S. Ibanez, this impressive residence is more than just a house; it’s a work of art. Featuring five spacious bedrooms, six full bathrooms, and two half bathrooms, the home was celebrated for its innovative design early on, being a notable fixture on both the Raymond Nasher Tour of Homes in 1996 and the Northaven Tour of Homes. The property initially entered the market with Kyle Rovinsky of Coldwell Banker Residential Real Estate at an asking price of $4,567,890, which was later adjusted to $3.95 million.
The pricing journey continued, with the asking price eventually settling at $3.795 million under the representation of Rovinsky, and subsequently with Allie Beth Allman and Christine McKenny. Currently, the home is expertly listed by Cliff Freeman of eXp Realty. Despite the “no minimum reserve” auction policy, the current asking price of $3.5 million serves as a valuable indicator. As Elite Marketing Director Alicia Chmielewski wisely notes, “The asking price is a good guide for what it would take to buy this house, prior to auction,” offering a clear benchmark for potential buyers.
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