The Reid Gonterman Group with Ebby Halliday Realtors, led by Chip Reid, proudly represented the buyer in the landmark sale of 1469 Sunshine Lane in Southlake, Texas – now officially the most expensive residential transaction in both Southlake and Tarrant County history, according to NTREIS MLS data. The property was last listed in MLS at $12.5 million.
The 31,234-square-foot estate, complete with a Dolby Atmos recording studio, basketball court, bowling alley, and resort-style pool, was marketed internationally and auctioned live in Hong Kong. Despite the global reach, the winning buyer was a Southlake resident who turned to trusted local expertise to navigate the auction process.
The estate first hit the market in 2022 at $24.5 million and was subsequently listed multiple times at prices ranging from $17.995 million to $27.5 million. While the home attracted global attention, it was the September auction that ultimately brought the property within reach for a serious local buyer who had been closely monitoring the listing.
“This sale proves that while luxury real estate can be marketed worldwide, it’s still very much a local business,” said Chip Reid, Lead Agent of The Reid Gonterman Group. “My clients had admired this property for some time but felt the previous pricing didn’t align with the market. When the home went to auction, we spent weeks on inspections and due diligence, which gave my client the confidence to move forward. They’re now excited to call it home.”
The buyers, who prefer to remain private, plan to live in the home full-time and make thoughtful updates as they settle in.
Reid has a long history in Southlake, both as a resident and as a consistent top producer with Ebby Halliday Realtors, where he is celebrating 25 years of service this year. His buyer clients – whom he has represented for the past seven years – reflect the trusted relationships and deep market knowledge that have long defined his career.
The Reid Gonterman Group, which also includes Andrea Gonterman and Logan Reid, brings a team-based approach that ensures clients benefit from a wealth of experience, attention to detail, and concierge-level service.
For Ebby Halliday Realtors, supporting the success of top teams like The Reid Gonterman Group underscores the brokerage’s market leadership in Southlake and Westlake. With an office located directly across from Southlake Town Square, Ebby consistently ranks as the No. 1 brokerage in these coveted and affluent communities by both units and volume.
“Our Southlake office has proudly served this community for decades,” said Cathy Keetch, Sales Leader of Ebby Halliday Southlake. “This record-setting sale highlights the value of working with trusted local agents who know the market inside and out.”
“For 80 years, Ebby Halliday has been opening doors and building trust across North Texas,” added Betsy Cameron, President of the Ebby Halliday Companies. “This milestone reflects not only the strength of the Southlake market, but also the extraordinary commitment of our agents to deliver results at the highest level.”
About The Reid Gonterman Group
The Reid Gonterman Group is a top-producing real estate team with Ebby Halliday Realtors, serving Southlake, Westlake, and the surrounding North Texas communities. Led by longtime Southlake resident Chip Reid, alongside Andrea Gonterman and Logan Reid, the group combines deep local expertise, exceptional client service, and a personalized, concierge-style approach to every transaction. From luxury estates to family homes, The Reid Gonterman Group is dedicated to providing trusted guidance and outstanding results.
