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    Storied Mansion on the Market

    River Oaks Boulevard mansion with colorful history for sale again, $17.9 million price tag

    Shelby Hodge
    Aug 3, 2015 | 2:02 pm

    The last time the lavish home at 2115 River Oaks Boulevard was on the market, if you had to ask the price, you probably couldn't afford it. Or that apparently was the thinking because at that time the selling price was not revealed except to qualified buyers.

    This time around, you probably still can't afford it, but you can see on the HAR website that the window sticker is $17.9 million.

    At $832.56 per square foot, the price tag is staggering. But you're getting so much more than a mere 21,500 square feet of luxury. You're getting history, tall tales and a 12,000-square-foot indoor party space in an air-conditioned backyard with a Michael Phelps-worthy saltwater swimming pool.

    Longtime Houstonians will recall that the flamboyant Baron Ricky di Portanova and the Baroness Sandra built the house that played host to movie stars, authors and millionaires from across the globe. The oil field millionaires were recognized throughout the country for their over-the-top parties for which bottomless Dom Perignon and Cuban cigars were the norm.

    The formal living room.

    On the Market 2115 River Oaks Blvd. August 2014
      
    Photo courtesy of © TK Images
    The formal living room.
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    the benefits of renting

    Houston rockets to America's top spot in millionaire renter growth

    John Egan
    May 30, 2025 | 2:45 pm
    La Colombe d'Or 2021 exterior
    Photo courtesy of La Colombe d'Or
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    Sure, plenty of Houston millionaires own swanky homes in neighborhoods like River Oaks and Tanglewood. But in recent years, Houston has seen a huge spike in the number of millionaires opting to rent rather than own a place to live.

    A new report from apartment search website RentCafe ranks the Houston metro area as the fastest-growing U.S. market for millionaire renters. The number of local millionaire renters soared from just seven in 2019 to 179 in 2023, according to the report. Houston’s growth rate for that time period — nearly 2,500 percent — put it at No. 1 in the report’s ranking of millionaire-renter hotspots.

    “Many of today’s high-income renters live in metro areas … where the abundance of apartments as well as sky-high costs of homeownership make renting the more practical and cost-effective option,” RentCafe explains.

    The report largely attributes the nationwide 203 percent bump in millionaire-renter households to a 60 percent spike from 2019 to 2023 in the number of millionaire renters among millennials.

    RentCafe based its report on data from the Integrated Public Use Microdata Series (IPUMS) website.

    Looking at Houston’s millionaire-renter data another way, the region ranked 15th for the sheer number of households (179) occupied by millionaire renters in 2023, the report says.

    Still, the number of millionaire homeowners in Houston far outweighs the number of millionaire renters. The report tallied 3,050 local millionaire-owner households in 2023, earning it 12th place on the list of hotspots for millionaire owners.

    To the north, the Dallas-Fort Worth metro area appeared at No. 2 in the ranking of places seeing the biggest growth rate in millionaire renters from 2019 to 2023. The number of millionaire households in DFW soared more than 1,200 percent — from 14 in 2019 to 185 in 2023, according to the report. DFW ranked 14th for the number of millionaire-renter households in 2023.

    DFW earned 11th place in the ranking of the number of hotspots for millionaire owners (3,133).

    To the west, the Austin metro area landed at No. 19 for growth in the number of millionaire renters. That figure climbed from 90 in 2019 to 207 in 2023, or 130 percent, the report shows. Austin ranked 12th for the number of millionaire-renter households in 2023.

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