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prominent Memorial Villages property has returned to the market with a significant price reduction. Originally listed for $8.9 million in February, the 17,400-square-foot mansion at 10950 Beinhorn Road in Hedwig Village is now asking $7.5 million, representing a $1.4 million cut and a reduced price per square foot of $431.

    The luxury market has shown resilience despite a summer slowdown in the Houston residential market. Single-family home sales declined by 8.3% year-over-year in August, but the luxury segment saw a 2% increase during the same period. The mansion, built by Legacy Development Group and completed in January, boasts six bedrooms, eight full bathrooms, and three half-bathrooms across 0.75 acres.

    Key features include two kitchens, an expansive primary suite with a lounge and closet, and a guest suite designed as a "home within a home." Outdoor amenities include covered patios, fireplaces, a summer kitchen, and a pool. The property also boasts a full-house generator, elevator, three-car garage, and secure fencing with two gates.

    The Houston luxury market is experiencing an uptick in sales, mirroring national trends. Last year saw seven ultra-luxury sales above $10 million, a 75% increase from the previous year, while homes over $1 million sold at a 34% higher rate during the peak spring buying season.