A vacant Dallas lot for $15 million? Only in Highland Park

Allie Beth Allman

It may be the most expensive vacant lot in North Texas.

The empty corner of Lakeside Drive and Laurel Street in Highland Park is up for sale with an eye-popping asking price of $15 million. That works out to about $288 per square foot for the 1.2-acre site with its front row view of Turtle Creek — and just a short walk from Dallas County Club.

The list price of this prime Park Cities lot is about the same per square foot as a high-rise apartment site will run you in Dallas’ booming Uptown district. The price tag is the equivalent of the value of 60 North Texas median-priced houses.

Back in the day the Lakeside Drive corner was home to legendary Dallas banker H.R. Bum Bright.

His grand Spanish-style house with arched porch in front and red tile roof was built in 1916 and was one of the grandest mansions fronting the park.

The Perot family bought the 8,000-square-foot house in 2006 for a reported $12 million, and later knocked it down to make way for new construction. But after sitting on the land for years, the Perots sold the lot in 2013 to Dallas businessman and doctor Richard Toussaint.

Toussaint was the founder of the bankrupt Forest Park Medical Center in North Dallas. Last year he plead guilty to a $40 million healthcare kickback and fraud scheme.

Dallas luxury property sales pro Allie Beth Allman is now hunting a buyer for the high-profile lot.

If you don’t like that view, Allie Beth will sell you another corner lot two blocks away at Lakeside and Euclid.

At just under an acre, the Lakeside property is priced at $14 million. That includes the 5,200-square-foot Mediterranean-style house overlooking Exall Lake — even though it’s listed for sale as "land."

Maybe that qualifies as the most expensive teardown house, too.

The more than 5,000-square-foot house at 4700 Lakeside isn’t even detailed in the $14 million listing since the property is considered a tear down.

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