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    Auction Alert

    Texas billionaire’s lake house compound heads for auction block

    Candy Evans
    Oct 5, 2015 | 9:00 am

    Billionaire John Goff, the self-made co-founder and CEO of Crescent Real Estate Holdings, and his wife, Cami, are unloading their 8,000-plus-square-foot compound on Eagle Mountain Lake, about 15 miles northwest of downtown Fort Worth. It hits the auction block on October 8, and there’s no reserve, which also means no minimum, although one will probably be quickly established by the bidders.

    In addition to an expansive lake, pool, tennis court, kids pavilion, and two-story boat dock, there is a putting green where one of the most significant decisions in financial history went down.

    Not only are the Goffs selling the compound they reshaped from an existing home on Eagle Mountain Lake, but they also are selling every piece of furniture, plate, bedsheet — even the fluffy white towels monogrammed with the compound’s Jack Sprague-designed logo, Mariposa del Lago.

    “We are even selling the margarita machine,” jokes Cami. “And the mix that comes with it!”

    Mariposa del Lago, or “Butterfly of the Lake” (based on the tremendous number of monarch butterfly migration patterns on the grounds each year), has been the central family retreat for the couple’s five children since 2001. It’s also where a lot of business deals have been made. It was on that famous putting green where John Goff convinced Morgan Stanley to buy the company he and Richard Rainwater built, Crescent Real Estate Equities, for $6.5 billion in August 2007.

    One year later, in September 2008, Lehman Brothers would file for the largest bankruptcy in U.S. history, setting off a domino effect that resulted in the greatest recession since the Great Depression. Goff’s timing was so impeccable it was almost telepathic. In 2009, he bought back his company from the bank holding the note on Morgan Stanley’s purchase for less than 50 cents on the dollar.

    Before all that high-powered finagling, Goff, who grew up in Lake Jackson and worked for Houston developer Kenneth Schnitzer before moving to Fort Worth in 1981, had purchased a contemporary home with an inside waterfall on a perfect Eagle Mountain Lake location. Goff loves to sail, and Eagle Mountain is one of the best lakes in the area to do that. He also bought the lot next door and set about remodeling the main house down to the studs, adding a guest home and dock, and building the outdoor sports centers.

    Dallas architect Richard Drummond Davis, a personal friend, managed the architectural design and remodel, while antiques expert extraordinaire Joseph Minton helped furnish the interiors. Fort Worth builder David Lewis constructed.

    The Oklahoma river stone and white cedar main house has four bedrooms and three-and-a-half bathrooms on three floors. The huge foyer features the two-story waterfall from the original house.

    The main floor consists of lounging rooms divided into cozy nooks (with fireplaces), plus dining room with wet bar, gourmet kitchen with hammered copper sink and top-of-the-line everything, and a breakfast room that opens to an outdoor cooking and dining area complete with a pizza oven.

    The two-stories-tall great room has a double-sided stacked stone fireplace and French doors with Blenko glass accents as transoms. Downstairs are three bedrooms, a game room, an arcade with bar, and access to the dock. An outside porch is protected by a deep overhang.

    “This is where the family likes to sit with a glass of wine and watch thunderstorms roll in over the lake,” says Sandy Lambright, project sales manager for Concierge Auctions, the firm managing the auction in cooperation with Kyle Crews and Daylon Pereira of Allie Beth Allman & Associates.

    The entire second level is dedicated to the master suite. There is a huge bedroom, bath with car-wash-sized shower and infinity bathtub with overhead waterfall faucet, and long dressing hall that features more of those Blenko glass accent panes. The suite also includes a his-and-hers study.

    It’s all quite a work of art. But, Cami says, it’s time to let another family enjoy the home and make more beautiful memories on the water.

    Outside the main house, past the pool, is a Moroccan-inspired, 1,500-plus-square-foot guest cabana with a lower-level bunk room. The upper story features a seamless pane of windows right on the waterfront, so it seems as if you are floating on a ship. There is a kitchen with a precious mini dishwasher, a full bathroom with steam shower, and a Moroccan Murphy bed made of mahogany camouflaged by ornate screens with mother-of-pearl inlay.

    The bunk room has concrete floors, twin trundle beds, and another bathroom. It’s virtually indestructible to the biggest brood of kids.

    Outside the guest house is a small sandy “beach” with lounge furniture. By bridge, guests can reach the two-story dock, with a diving board into the lake and another grill and bar for entertaining guests on the second story.

    “This is the best opportunity there will ever be on Eagle Mountain Lake,” says Allie Beth Allman, founder and CEO of Allie Beth Allman & Associates. “It’s one-of-a-kind.”

    As for price, the Goffs are selling Mariposa del Lago without reserve through Concierge, with help from Crews and Pereira, who worked with Concierge to successfully sell off the huge Timber Creek Ranch at Lake Cypress Springs. That ranch was valued at $15 million plus, and although the winning bid was confidential, rumors put it somewhere north of $8 million.

    Often the luxury property auction comes in after the sellers have exhausted every possible means to sell. But the Goffs chose the Allie Beth team and Concierge because they knew their property was so unique and, like Timber Creek, not suited to conventional real estate marketing.

    What is the actual value of Mariposa del Lago? With the easy $10 million Goff poured into the home, $8.9 million seems like a fair price. The Tarrant County Appraisal District has the property valued at $1.5 million for taxes. But of course, that’s the appraisal district.

    The house next door is listed at $949,500, reduced from $999,900, but it’s a simple, 1978-built family home with a plain-Jane dock.

    ---

    A version of this story originally was published on Candy's Dirt.

    John Goff's compound on Eagle Mountain Lake is going on the auction block on October 8.

    7941 Summit Cove Fort Worth house for sale
    Photo courtesy of Concierge Auctions
    John Goff's compound on Eagle Mountain Lake is going on the auction block on October 8.
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    Compound Returns

    Houston building's restoration balances modern touches with historic details

    Emily Cotton
    May 29, 2026 | 12:45 pm
    Commercial Bank Building 917 Franklin
    Courtesy of NewForm Real Estate
    The 1904 Commercial National Bank building has undergone an extensive restoration by NewForm Real Estate.

    An undisputed downtown darling of Houston’s early skyline shines once more, thanks to a yearslong, multimillion dollar restoration project. Chipping away a not-so-sensitive 90s renovation, the Commercial National Bank building at 917 Franklin Street has been returned to its former architectural vernacular, while simultaneously appealing to the modern gaze.

    Completed in 1904, the six-story building stands at the prominent intersection of Main and Franklin streets, an area that served as the center of Houston’s financial activity from the turn of the 20th century through the Great Depression. Often regarded as the heart of early banking and commerce in Houston, the district remains one of the city’s most historically significant urban environments.

    The Commercial National Bank Building is designated a City of Houston landmark and is a contributing structure within the Main Street Market Square Historic District, which is listed on the National Register of Historic Places. The building is one of only two remaining structures designed by architecture firm Green and Svarz.

    The restoration is a continuation of the Main & Co. development by NewForm Real Estate. Stretching from Commerce to Franklin Streets, Main & Co. includes the Raphael and Dorrance buildings at 110 and 114 Main Street — the Dorrance building being the second remaining design by Green and Svarz.

    Interestingly, what sets Main & Co. apart from other developments is that the restoration of all three buildings has been a labor of love. NewForm Real Estate president Dan Zimmerman purchased the first building after a trip to New York in 2010, and the rest — as they say — is history.

    “I fell in love with the building just because of its history and its charm,” Zimmerman tells CultureMap. A nightclub on the first floor paid the rent, while Zimmerman and his now wife built and occupied a third floor loft space.

    “We literally lived downtown, on top of a bar, which was fun before we had kids. Over the course of that project, I got to know my neighbors, and that’s how I came to buy the other two buildings in 2016.”

    During the restoration of those two buildings, Zimmerman met and “courted” the owner of the Commercial National Bank building. It took four or five years, and when it came time to sell, Zimmerman was the logical — and trusted — choice.

    “It was a much lighter lift than phase one of Main & Co., which was a shell when I bought it,” he explains. “It had a lot of the bones, it just needed — I don’t want to say a facelift, because it was some pretty major work — but it wasn't a gut job, so to speak. We just brought it up to the level we did the other buildings."

    Zimmerman enlisted interior designer Margaret Naeve and, together with Andres Construction, revitalized the lobby, corridors, restrooms, and first floor anchor space that is now intended as a restaurant.

    "The lobby we kind of brought back to its original grandeur, with a bit more modern style. We brought in plaster workers, we brought in terrazzo workers, we brought in marble workers — we really brought it back,” Zimmerman says. “The materiality is the same, but the composition is a little different. It doesn't look like an old time capsule. In some of these restorations, they like to turn the clock back and make it look just like it did originally. In this particular instance, we wanted to make sure people knew it was modern. Because it's modern with the original stuff, to respect the original materials and use that language throughout the building."

    When it came time to choose a designer to help guide the extensive restoration, Zimmerman didn’t need to look too far. Interior designer Margaret Naeve’s former M.Naeve offices at Main & Co. perfectly embodied the historically modern aesthetic he was looking to implement next door.

    ”Projects like this are incredibly fulfilling because you’re working with something that already has a soul and a history,” Naeve tells CultureMap. “There’s a sense of discovery that happens over time as original details begin to reveal themselves. It never felt like creating something entirely new, but rather thoughtfully editing and layering the building back into relevance in a way that still honored its character.”

    The result is a fresh space that takes complete ownership of the original source material, while introducing modern elements that resist feeling forced or anachronistic. The restored brick-and-limestone façade and dramatic, curved-bay corner entrance give way to a light-drenched lobby complete with brass-inlaid terrazzo floors, restored plaster walls, dentil moldings, and a full view of the brass elevator doors.

    “The lobby was my favorite part of the project because it really sets the emotional tone for the building,” says Naeve. “We wanted it to feel restrained and timeless while still bringing in a sense of warmth and atmosphere. Restoring the original plaster detailing and moldings while layering in more contemporary elements created a really beautiful tension between old and new, which is always something I’m drawn to.”

    Original wood and marble flooring continue throughout most of the upstairs, where exposed brick envelops updated office suites with new lighting and audio-visual infrastructure, kitchenettes, and modern bathrooms that utilize marble countertops and unlaquered brass fixtures to partner perfectly with the restored materials seen throughout the building.

    “One of the most rewarding parts of the process was uncovering original architectural details that had been hidden over decades of renovations and modifications,” says Naeve. “Those discoveries always influence the direction of the interiors because the building begins to tell you what should stay quiet, what should become more pronounced, and where restraint is more powerful than over-designing a space.”

    Over the years, the Commercial National Bank building has been home to the original offices of Baker-Botts, Western Union, and — perhaps most notably — William Marsh Rice, founder of Rice University, who maintained offices on the third floor. Following his death, the first offices of Rice Institute occupied part of the sixth floor until 1926.

    “Historic buildings give a city depth and memory. They tell stories through scale, materials, imperfections, and craftsmanship in a way that newer buildings often cannot,” says Naeve. “In Houston especially, where so much changes so quickly, preserving these structures creates a stronger connection to the city’s identity and allows history to remain part of everyday life.”

    The restoration happily coincides with the new Main Street Promenade project that Downtown Houston+ has been preparing in time for the FIFA World Cup. Now dedicated to pedestrian and light rail, the tree-lined promenade will see the addition of enclosed patio spaces that will service the ground floor occupants of Main & Co. Current occupants include Liv Houston, Distrito Federal, Thai Cafe, and the very popular coffee shop The Fifth Vessel.

    Those familiar with downtown will recognize the 7,000-square-foot mural that decorates the Main & Co. parking garage on Commerce Street. The mural, by Houston artist DUAL, titled “Produce Row,” was completed in 2018 and pays homage to Commerce Street’s history as the site of Houston’s first farmer’s market in the 1870s.

    It will please art lovers to know that Main & Co.’s commitment to public art continues into the lobby of the Commercial National Bank Building. As with any project of this scale, budgets are tight, so Zimmerman borrowed works from his family’s personal collection for this project. Astute Houstonians have undoubtedly viewed some of this collection at the city’s beloved La Colombe d’Or Hotel in Montrose, which the Zimmerman family also owns.

    Works by Joanna Ference and Guy Van den Bulcke receive pride-of-place, while a limited-edition Picasso print hangs in the magnificent marble stairwell just off the lobby.

    “We didn’t have the budget to acquire new art, and every time I try to acquire new art, it’s kind of silly anyway because we have so much and have relationships with these artists,” explains Zimmerman. “These particular pieces we ended up finding in our private collection, and they fit, so we just hung them, and they look great. That was a collaboration with Margaret, and of course, we’d discuss everything and go back-and-forth, but we just have such a wonderful art collection that’s constantly growing and changing anyway.”

    Danielle Rothchild and Thomas Metz of Stream Realty are leasing available office spaces throughout Main&Co. Street-level retail space totaling approximately 3,390 square feet, ideal for a restaurant concept, is represented by Abby Hawkins and Gideon Perritt of Rebel Retail Advisors.

    Commercial Bank Building 917 Franklin

    Courtesy of NewForm Real Estate

    The 1904 Commercial National Bank building has undergone an extensive restoration by NewForm Real Estate.

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