This weekend, Clark Hunt, an owner and the chairman of the Kansas City Chiefs, and Jeffrey Lurie, owner of the Philadelphia Eagles, will watch their teams battle it out in Super Bowl LVII at State Farm Stadium in Glendale, Ariz.
While both the Hunt family and Mr. Lurie have helped build championship-worthy teams on the field, off the field they have built up impressive multimillion-dollar real-estate portfolios.
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Mr. Hunt, 57, and his family are the owners of the Kansas City Chiefs, founded around 60 years ago by the late Lamar Hunt, an heir to the Texas oil-tycoon H.L. Hunt’s fortune. Lamar Hunt died in 2006.
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Mr. Hunt, a Dallas native, owns a roughly 1.3-acre property in the wealthy Dallas enclave of Highland Park with his wife, Tavia Hunt, which they bought in 2000 for $3.99 million, according to property records. The home spans roughly 12,300 square feet and has six bedrooms, according to the Dallas Appraisal District, and is valued by Zillow at about $15.8 million. Mr. Hunt didn’t respond to a request for comment.
Highland Park, about 5 miles north of downtown Dallas, is among the most desirable neighborhoods in the area, according to local real-estate agent Marla Sewall of Compass, who didn’t represent the Hunts in their purchase. Homes in the area trade from $2 million to upward of $10 million, Ms. Sewall said.
Mr. Lurie, a movie-theater company heir and movie producer from the Boston area, paid $185 million to buy the Philadelphia Eagles in 1994. Mr. Lurie didn’t respond to a request for comment.
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Unlike Mr. Hunt, Mr. Lurie has a primary residence not far from his team’s home base, a representative for the Philadelphia Eagles confirmed. Mr. Lurie, 71, has a home in Wynnewood, about 14 miles northwest of the Eagles’ stadium, Lincoln Financial Field, property records show. Mr. Lurie bought the home on about 12.9 acres from the estate of the late publisher and diplomat Walter Annenberg for about $14 million in 2007, records show. Parts of the house date to the 1920s. Another entity tied to Mr. Lurie added a roughly 1.7-acre parcel with a circa-1938 home for $1.25 million in 2011.
Mr. Lurie has since upgraded the estate with improvements including a tennis court, and the property has multiple pools, according to property records. Together, the homes span about 25,000 square feet.
Average home prices in Montgomery County, where the home is located, were 9.5% higher in 2022 compared with 2021, according to economist Kevin Gillen at the Lindy Institute for Urban Innovation at Drexel University. The area is in high demand but is constrained by low inventory, said local broker Lisa Yakulis of Kurfiss Sotheby’s International Realty, who said high-end homes are going into contract days after hitting the market.
When it comes to the owners’ other properties, the competition really heats up.
The Hunt family owns property and spends time in Colorado, where they are linked to the 2021 purchase of a $36.5 million property in downtown Aspen, according to records. A listing on Zillow describes it as a six-bedroom property with nearly 3,000 square feet of private outdoor deck space. In 2021, Steven Shane of Compass represented the buyer of a $25.5 million, four-bedroom, roughly 6,500-square-foot property in Aspen that was sold off market by a member of the Hunt family, Mr. Shane said.
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Earlier this year, Mr. Hunt’s daughter, Gracie Hunt, who was crowned Miss Kansas U.S.A. in 2021, called the mountain town her “favorite place” in an Instagram post. A commenter on the post asked if she and her family “ski the moguls” to which she responded “yes.” In 2020, Mr. Hunt’s wife, Tavia Hunt, posted a photo labeled as being at Aspen Mountain, showing her and Mr. Hunt on a ski lift. Neither Gracie Hunt nor Tavia Hunt responded to a request for comment.
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Mr. Lurie owns a home in Palm Beach, Fla., a representative from the Eagles confirmed. In 2013, Mr. Lurie paid $28.5 million for a roughly 13,000-square-foot, six-bedroom Palm Beach home, according to property records. Built in 2008, the stucco home sits on a roughly 1.8-acre lot with a pool.
In Palm Beach, the average luxury home sold for about $19.78 million in the fourth quarter of 2022, down 22.1% from the same quarter in 2021, according to Douglas Elliman. Demand for homes over $10 million in the Palm Beach area has dropped since a surge in 2021, said Lynda Smith of ONE Sotheby’s International Realty.
Mr. Lurie also maintains a property in Massachusetts, where he is from, a representative for the Eagles confirmed. In 2005, he paid $13.4 million for a property on Martha’s Vineyard, a roughly 12.7-acre pond-front lot with a small house, where he built an additional, roughly 12,000-square-foot wood-shingled home with a pool, according to property records.
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In December 2022, single-family homes in Dukes County, which includes Martha’s Vineyard, sold for a median $1.75 million, up 28.7% year-over-year, as sales slowed 55.2% for the same period, according to the Warren Group, a real-estate research firm. Since December, demand from luxury buyers has risen due to lessening concern over economic conditions, said local agent Ana Martins Jorge of Wallace & Co. Sotheby’s International Realty.
In California’s Napa Valley, Lamar Hunt’s wife, Norma Hunt, who is Clark Hunt’s mother, has been trying to sell their 40-acre ranch for several years. In 2019, The Wall Street Journal reported that the property hit the market for $19.95 million. Since then, the listing has been removed and relisted several times, according to Realtor.com. It is currently back on the market for $9.995 million. Ms. Hunt declined to comment.
The property sits along the banks of Bidwell Creek in the remote Knights Valley area of Sonoma County and has a vineyard that produces Cabernet Sauvignon, according to The Wall Street Journal. The home on the property spans around 6,700 square feet and has three bedrooms, a living room with a beamed ceiling, a stone fireplace, a media room or den, a wine cellar, a gym and an office.
Source: https://t-tees.com
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