Mark Cuban is notoriously bold in his dealmaking. But even by his standards, dropping millions of dollars on a mansion he’s never set foot in is a move that could raise eyebrows.
Cuban reflected on the purchase in a 2022 interview with GQ. During his days at MicroSolutions (the company he ultimately sold for $6 million in 1990), his partner, Martin Woodall, told him about an “amazing house” going into foreclosure. It was a home the owner had spent three years building and a “dream home” to the original owner’s wife and whole family, Cuban said.
But unfortunately, the owner was forced to sell the home when the stock market crashed, and he lost everything. So Cuban, who’s currently worth about $10.5 billion, bought the 24,000-square-foot mansion in Dallas sight unseen, calling it his one “why the f–k not purchase.” He still resides there, and Zillow estimates show it’s currently worth $22 million.
“I’d never seen the house. I saw some pictures. I’d never been there. I was like, F–k yeah. I’m a billionaire,” Cuban said. Essentially, the idea is that buying a home at a discount doesn’t inherently change its value. So when Cuban eventually goes to sell the home someday, he’ll make a pretty penny—at least about $10 million based on the current estimated value of the home (although it could be closer to $28 million, according to the Zillow estimate range).
