A century-old estate in Houston built for an oil heiress is headed to market for $12.5 million Friday, Mansion Global has learned.
The Spanish Colonial-style house was originally built for Margaret Cullinan Wray, daughter of Joseph Cullinan, an oil tycoon and founder of Texas Oil Co. (now known as Texaco), by famed architect John Staub, according to Hedley Karpas of Martha Turner Sotheby’s International Realty, who’s handling the listing.
“Joseph Cullinan bought a subdivision of 38 acres of land in 1916 for $30,000. He then gave this piece of land, approximately 1.36 acres, to his daughter, Margaret, to build a house as a wedding gift,” Mr. Karpas said.
The estate was later owned by the late Texas governor Mark White. The current owners, Robert and Emily Clay, bought the property in June 2020 for about $5 million, according to Mr. Karpas and property records.
The couple, who own Clay Development & Construction, a major industrial and commercial real estate developer, gut renovated the estate with an intention to move in, Mr. Karpas said.
Article Source: Mansion Global