Preston Hollow home listed at site formerly owned by hair care exec

August 4, 2026 - 06:22

A sprawling Preston Hollow property, once owned by a prominent hair care executive, is now up for sale. The home, listed at a price that places it among the most expensive residential offerings in Texas, sits on land previously tied to the Cottrell family, known for their leadership in the beauty products industry. The listing comes as the property's history and prime location draw attention from luxury buyers.

The asking price for the estate is significant, though it trails the current top spot in the state, which is a $23 million spec home slated for construction nearby. That upcoming build, also in the Preston Hollow area, has set a new benchmark for high-end real estate in the region. The Cottrell property, by contrast, offers an existing residence with mature landscaping and a private, gated setting, appealing to those who prefer move-in readiness over a ground-up project.

Real estate sources note that the home's value is driven largely by its lot size and the desirability of the neighborhood, which has long attracted executives, athletes, and civic leaders. The former owner, who built a fortune in the hair care sector, had maintained the property for years before deciding to part with it. While the exact sale timeline is unclear, the listing has already generated interest from both local and out-of-state buyers.

For now, the estate remains a quiet standout in a market where new construction and teardowns are increasingly common. Its price point, while steep, reflects the enduring appeal of Preston Hollow's established streets and the scarcity of large, available parcels. As the $23 million project moves forward, this listing offers a contrasting option for those who value history over new builds.