Ex-RadioShack CEO is auctioning Fort Worth mansion once appraised at $21M. Take a look
It was built in Texas in between 1999 and 2004, but Overton Crest Estate has all the trappings of a century-old French chateau.
The limestone-adorned Tanglewood mansion — which sits on nearly two acres and is lined by a 12-foot wrought iron gate — is up for auction.
The nearly 12,000-square-foot estate has five bedrooms, six full bathrooms and four partial bathrooms. It is situated on a hill and offers views of downtown Fort Worth and Amon G. Carter Stadium.
Overton Crest Estate also features a gym with sweeping views of Fort Worth, a pool and pool house, a home theater and a custom-built sauna.
“It’s our dream home,” said Len Roberts, the home’s owner and retired CEO of RadioShack.
He and his wife Laurie, both 74, spent about $12 million and five years building Overton Crest Estate. Len’s only stipulation was that the house must have a limestone exterior.
Growing up in Chicago, his family didn’t have the money for traditional vacations. So, they would explore the city’s great museums.
“They’re just gorgeous grand fantastic limestone structures,” he said. “I was struck by the limestone.”
That’s why it took five years to build the estate: each stone for the home’s facade had to be fitted and cut onsite.
In the nearly 20 years the Robertses lived at Overton Crest Estate, the couple hosted countless galas and balls benefiting iconic Fort Worth organizations like the Fort Worth Symphony, the Fort Worth Zoo and the Fort Worth Ballet.
“We never had an expectation of return on investment,” he said. “We just hope — we pray — that the next occupants will make this home an important gala venue for our community.”
The home was appraised by AIG at $21 million and was listed at one time for $8.9 million. The starting bid is $2.5 million. Interested buyers can bid online starting April 24.
