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    Closet Mansion For Sale

    Socialite puts her infamous three-story closet mansion on the market for $12.9 million: The ultimate house flip?

    Barbara Kuntz
    Barbara Kuntz
    Dec 10, 2014 | 3:31 pm

    Editor's Note: Houston, the surrounding areas and beyond are loaded with must-have houses and properties for sale in all shapes, sizes and price ranges. In this continuing series, CultureMap snoops through some of the best and gives you the lowdown on what's hot on the market.

    Socialite, fashion designer and now house-flipper Theresa Roemer is attemping to sell her 17,315-square-foot Woodlands mansion — including the infamous three-story, bigger-than-a townhome closet (sans the designer goodies) — for a cool $12,900,000.

    "We bought the house as an investment and always said that we would fix it up and put it up for sale," Roemer, also the listing agent, said in a phone interview, adding the property at 47 Grand Regency Circle hit the market just a day ago."If it sells, we will make a crapload of money. If not, we can live happily ever after here."

    A bit of background
    Roemer's fantasy "she-cave" closet was burglarized in August with the still at-large thief captured on surveillance camera taking close to $1 million in accessories, such as jewelry, watches and numerous pricey Birkin bags. Just days later, the alleged thief sent several items to the Houston Press that he said he had stolen, alleging they were fake.

    The alleged burglar said that he had contacted Roemer, asking for $500,000 to return the items and "not expose her to the news." Roemer instead contacted Montgomery County authorities.

    "If it sells, we will make a crapload of money. If not, we can live happily ever after here."

    CultureMap was the first to tell readers about the 3,000 square foot triple-decker space that resembles a high-end fashion emporium after noting a post on the Neiman Marcus blog in July. Since then, Roemer and her closet have been highlighted by dozens of major national and international media outlets, including Good Morning America, the London Daily Mail and Cosmopolitan magazine.

    Her collection of jewelry and handbags are display on the first floor of the three-story closet, while the top level houses furs and hats. The shoe "department" and vanity parlor on the second floor boasts a champagne bar for high-style partying, the first of such being a charity to benefit MoRE Camp Adventure, a New York-based camp for children with cancer, one of several charities for children Roemer has devoted her time to since her son was killed in an automobile accident several years ago.

    Today and the house
    Roemer and her oilman husband, Lamar, redesigned the private sanctuary, formerly owned by minister Kirbyjon Caldwell, in 2013. Today, the driveway reveals views of towering water features, setting the stage for the grandeur to come. Inside, 20-foot-tall walls of floor-to-ceiling glass flood the enormous entry with natural light and Swarovski crystal chandeliers hang about.

    More amenities include two kitchens, one a commercial-grade catering kitchen, as well as formal dining with glass water wall, wine tasting room, entertainment room, gym, home theater, spa and salon, complete with tanning bed. The master retreat with spacious sitting area is one of nine to 10 bedrooms in the manse, with 10 full and three half-baths available.

    Outside, a summer kitchen and covered veranda sit at the edge of the large swimming pool with back-lit water wall and fountains. The entire backyard overlooks a lake and the golf course.

    And then there's the closet.

    Roemer, who will unveil a new line of luxury candles at Neiman Marcus on Dec. 17 and is marketing her "True and Real" clothing line around town, takes a philosophical attitude about the loss of the much-talked-about space.

    "If I build another (house), it will have another fabulous closet," she said.

    Take a look through the slideshow above for another look at Roemer's closet — and the rest of the fabulous property.

    Square footage: 17,315

    Asking price: $12,900,000

    Listing agent: Theresa Roemer, Beth Wolff Realtors

    Theresa Roemer at home in her much-taked about closet. (File photo)

    Theresa Roemer closet July 2014
    Photo by © Chinh Phan Courtesy of Neiman Marcus
    Theresa Roemer at home in her much-taked about closet. (File photo)
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    red-hot housing

    Houston boasts No. 20 hottest real estate market among big U.S. cities

    Amber Heckler
    Aug 20, 2026 | 9:00 am
    Houston neighborhood with skyline
    Getty Images
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    It doesn't get much hotter than the Houston housing market. A new report has ranked H-Town as the 20th best real estate market among America's biggest cities right now.

    WalletHub's annual study, "Best Real Estate Markets (2026)," compares the real estate markets in 300 U.S. cities based on 17 relevant metrics, such as "housing market attractiveness," home value forecasts, housing affordability, population growth, and many others. Cities were also ranked by size: large cities with over 300,000 residents; midsize cities with 150,000-300,000 residents; and small cities with fewer than 150,000 residents.

    In the overall ranking of the best housing markets in America, regardless of city size, Houston ranks 90th out of all 300 cities.

    WalletHub ranks Houston's real estate market No. 102 nationally, and its "affordability and economic environment" ranks 111th overall.

    This is how WalletHub ranks the "health" of Houston's housing market (where No. 1 is the best and No. 150 is average):

    • No. 51 – Job Growth Rate
    • No. 96 – Home Price as a Percentage of Income
    • No. 99 – Median Home-Price Appreciation
    • No. 128 – Foreclosure Rate
    • No. 159 – Share of Seriously Underwater Mortgages
    • No. 172 – Percentage of Delinquent Mortgage Holders
    • No. 173 – Median Days on the Market
    • No. 192 – Maintenance Costs as a Percentage of Income
    Despite Houston's good standing among the biggest cities in America, a separate WalletHub report claims Houston is one of the worst cities for first-time homebuyers. Instead, Houstonians are turning to popular ZIP codes in suburbs like Cypress and Katy, which rank among the hottest places to move to in the U.S.

    Other high-performing housing markets in Texas
    Two popular North Texas suburbs — Frisco and McKinney — topped WalletHub's overall list of the best real estate markets in the U.S. for 2026 at Nos. 1 and 2, respectively, and they locked in the top two spots in the midsize city ranking, too.

    Frisco tops the nationwide "affordability and economic environment" category, and ranks No. 2 nationally for its real estate market.

    "When you look at home prices as a percentage of income, [Frisco] is the 95th-cheapest among the 300 cities in our study," the report said. "But it’s the 11th-cheapest city for phone service and the 11th-cheapest for maintenance and energy."

    Frisco boasts the highest share of houses that were built between 2010 and 2024, at nearly 47 percent, which WalletHub says is "good news for people who want all the benefits of a recently-constructed home," without having to "put in a lot of work" to renovate an older or run down home.

    "If you aim to make a profit in the long run with your housing purchase, you’ll need to look beyond tangible factors like square footage and style," the report's author wrote. "Those factors certainly drive up property values. From an investor’s standpoint, though, they hold less significance than historical market trends and the economic health of residents."

    Nearby Denton and Allen also made the overall top 10, respectively ranking as the 5th and 8th best real estate markets in the U.S. for 2026. Denton similarly ranked 5th in the midsize city rankings, and Allen topped the list of small cities.

    The top 10 best real estate markets in America for 2026 are:

    • No. 1 – Frisco, Texas
    • No. 2 – McKinney, Texas
    • No. 3 – Murfreesboro, Tennessee
    • No. 4 – Durham, North Carolina
    • No. 5 – Denton, Texas
    • No. 6 – Cary, North Carolina
    • No. 7 – Madison, Wisconsin
    • No. 8 – Allen, Texas
    • No. 9 – Charlotte, North Carolina
    • No. 10 – Irvine, California
    wallethubhousing marketreal estatereportshouston
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