Mansion Global: Mansion With Three Elevators and an Art Gallery Heads to Auction

An eight-bedroom mansion in Austin, Texas, that has retained its stately character and charm throughout its 80-year history, is being sold at auction later this month with no reserve. 

Elite Auctions will put the home under the hammer on July 18, with the sale being held on site at the manor house, which is also available to purchase for $7.5 million.

The house has been on and off the market since early 2019, and it’s most recent asking price has been in place since January, listing records show. 

“This Austin icon has only had two owners since it was built in 1940,” Tara McLean, president of Elite Auctions, said in an email statement. 

It’s current owners are philanthropists Joe and Teresa Long, after which Austin’s Joe R. and Teresa Lozano Long Center for the Performing Arts, is named. The pair, who could not be reached for comment, reportedly bought the property in 1992. 

As a result of its short list of proprietors, the 11,653-square-foot home’s history has been well-preserved with “thoughtful and discreet improvements over time, allowing for tasteful modernization,” according to a news release from Elite Auctions.

See Mansion Global’s full article HERE.

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