SOURCE: J. P. King Auction Company

J. P. King Auction Company

May 17, 2012 15:05 ET

Dallas's Uncommon Ground and Ranchero Estate to Sell at Absolute Auction by J. P. King Auction Company

The Two Estates Are Neighboring Properties That Are Situated on 14 Beautifully-Landscaped Acres in the Middle of Dallas; Both Properties Will Sell on June 12 With No Minimums and No Reserves

DALLAS, TX--(Marketwire - May 17, 2012) - Ralph Wade has built his personal utopia in the back yard of his Dallas, Texas estate, sprawling across 11 acres of private serenity. The home, a 7,000 square-foot residence known as Uncommon Ground, came in second to Wade as he perfected the acreage it sat upon. On June 12, Wade will sell Uncommon Ground and its neighboring property, Ranchero Estate, at an absolute auction, with no minimums and no reserves.

"This was an undeveloped property when we bought it, and we've spent a lot of time perfecting every detail to make it the place it is today," said Wade, whom, with his wife, has transformed the property into a secluded retreat in the middle of the city. "I love this place; it's not the kind of property you find in a major metro area. It has the feel of country, and that's the appeal it always had to me."

Uncommon Ground is a three-story home that features a large master suite, mother-in-law suite and a guest bedroom. Ideally suited for entertaining, the home has views of its gorgeous surrounding landscape, which includes a wooden deck that overlooks the creek.

"It doesn't do this property justice to refer to it as landscaping," said Craig King, president and CEO of J. P. King Auction Company. "Mr. and Mrs. Wade have committed 30 years to transforming this property into some of the most beautiful grounds you could experience in Dallas, and its surroundings are in a category of their own."

The wooded drives, trails, creek and gardens lead to a caretaker's residence, museum, golf cart garage and several sheds and barns spread throughout the property. All located in the center of Dallas, Wade knows he's created a jewel.

"To me, this home means a little bit of respite from the tempo that you normally go at in a big city," Wade said. "It's peaceful; it's very private. To me, if there weren't even a house here, it's a very unusual property to find in Dallas or any other big city."

Uncommon Ground is a neighboring property to Ranchero Estate, which will also sell absolute at the June 12 auction. Sitting on three acres, it is a spacious two-bedroom, 2.5-bathroom home and includes floor-to-ceiling windows, a fireplace and three outbuildings.

"These properties have so much natural beauty," Wade said. "When you think about a place like this, I think most people consider a flat piece of land. I'm a Texan, and when my wife and I decided to build this type of property, we assumed it was going to be flat, but this property is rolling, hilly and wooded. It just has a great lay to it that you don't see very often in Texas -- especially in this location."

"I can see using this yard for entertaining and large parties or just watching kids enjoy playing on their own personal playground," King said. "The property is aptly named. Uncommon Ground is exactly what an escape like this is."

The auction will take place on Tuesday, June 12 at 10 a.m. onsite at 5656 Cedar Ridge Drive in Dallas. Personal tours will be available beginning June 2 and will continue through auction day. For additional information or to schedule a showing, individuals may contact J. P. King at 800.558.5464 or visit the company's website at www.jpking.com.

About J. P. King: J. P. King Auction Company specializes in high-value properties and portfolios such as luxury homes, developments, condominiums and land and ranches. The company has marketed properties in all 50 states and six countries with recent sales in Colorado, Wyoming, Georgia, Florida and Washington.

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