Texas Estate with Luxury Living, Equestrian Facilities and Multi-Use Showroom Goes to Auction April 2
Texas Estate with Luxury Living, Equestrian Facilities and Multi-Use Showroom Goes to Auction April 2
10-acre Compound Reflects Growing Demand for Multi-Use Properties that Serve Families, Hobbies, and Create Revenue Streams
MCKINNEY, Texas--(BUSINESS WIRE)--As luxury buyers increasingly seek properties that support both lifestyle and investment opportunities, a 12,000-square-foot North Texas estate designed for luxury living, car collecting and equestrian pursuits will head to auction on Thursday, April 2, by Elite Auctions.
"Luxury buyers now want homes with appealing spaces that match their interests—such as car collecting, wine making, or equestrian hobbies—and also offer income potential," said Tara McLean, president of Elite Auctions.
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The property at 2115 Paradise Ranch Trail, in the heart of North Texas, offers what Elite Auctions calls a "trifecta property," featuring luxury accommodation, personal passions space and income opportunities. The estate is currently listed at $4,495,000.
"We're seeing a fundamental shift in what luxury buyers want," said Tara McLean, co-founder and president of Elite Auctions. "Now buyers are seeking properties that offer attractive living spaces and cater to their interests—like collecting cars, making wine, or enjoying equestrian activities—as well as providing income opportunities.”
The centerpiece of the estate is a 6,200-square-foot climate-controlled showroom constructed with century-old barn timbers. Accommodating up to 20 vehicles, the space can also be adapted for wine production, an event venue or additional living quarters. A four-stall equestrian barn with pastureland creates boarding income potential.
The main residence features four ensuite bedrooms, six bathrooms, a chef's kitchen and an indoor-outdoor pool room with retractable glass walls. Built in 2008 using limestone quarried on-site, the estate sits 60 feet above its barn and pastures offering dramatic views.
Located in the gated Paradise Ranch community outside city limits, the property offers a 1.3% property tax rate and agricultural exemption on nine acres. Income possibilities include event rental, equestrian boarding, glamping operations or wine-tasting events. The property is in McKinney, ranked the No. 1 U.S. housing market for 2025, with access to Dallas, Frisco and Sherman's tech and healthcare sectors.
Auction Details
Open houses will take place Saturdays and Sundays, from 1 p.m. to 4 p.m. The auction will take place at the property, on Thursday, April 2, without reserve. Elite Auctions is managing the auction, with Holly Haven of Real Broker holding the listing.
About Elite Auctions
Elite Auctions is a premier luxury real estate and yacht auction firm, having marketed more than $1.5 billion in high-end assets since 2012. Veteran-owned and trusted by non-distressed sellers, the company offers auction marketing strategies to accelerate luxury property sales EliteAuctions.com.
Contacts
DeeDee Taft, deedee@spinpr.com
Spin Communications, Inc.
