Imagine waking up on a sunny Texas morning, walking out to your backyard, and instead of just seeing a patch of grass or a standard swimming pool, you see a full-scale waterpark. We aren’t talking about a plastic slide from a department store. We are talking about a massive, professional-grade lagoon with towering slides that look like they belong in a theme park.
This is the reality of Richard Malouf’s $28M Dallas mega house. It is a property that has captured the imagination of real estate enthusiasts and gossip columns alike. It represents the pinnacle of Texas-sized luxury, but it also carries a heavy weight of controversy.
The Jaw-Dropping Exterior of Richard Malouf’s $28M Dallas Mega House
If you were to drive past Richard Malouf’s $28M Dallas mega house, you might not even see the best parts. The estate is tucked away behind massive gates and lush landscaping in one of Dallas’s most prestigious neighborhoods.
Location and Curb Appeal
The house is located in a neighborhood known for its “old money” and massive lot sizes. While many mansions in the area opt for a classic, understated European look, the Malouf estate is bold. It sits on several acres of prime land, which is a rarity in a central metropolitan area like Dallas.
The architecture blends Mediterranean and modern styles. You’ll see red-tiled roofs, white stucco walls, and massive arched windows. From the street, the home looks like a sprawling resort. The driveway alone is long enough to host a small car show, often filled with high-end luxury vehicles that match the home’s price tag.
The Scale of the Grounds
What sets this property apart from other Texas mansions isn’t just the house itself, but the land it occupies. Malouf actually purchased the neighboring property and combined the two lots. This gave him the space to build something that most people can only dream of.
When you look at the estate from above, you realize it isn’t just a home; it’s a compound. There are multiple structures, including guest houses and staff quarters, all connected by perfectly manicured paths. But even with all that square footage, your eyes are immediately drawn to the backyard.
The Tease of the Waterpark
From certain angles outside the property, you can catch a glimpse of the blue slides rising above the tree line. It’s a surreal sight in a residential neighborhood. Most people have a swing set or a trampoline; Malouf has a private waterpark lagoon. This feature alone has made the house a local legend. It signals to everyone that this isn’t just a place to live—it’s a place to play on a grand scale.
Inside the Waterpark Wonderland: Key Features of the $28M Estate
Now, let’s get to the part you’ve been waiting for. What does a $28 million house actually have inside? When you step through the massive front doors, you aren’t just entering a home; you’re entering a world of pure opulence.
The Epic Waterpark Lagoon and Slides
The “crown jewel” of inside Richard Malouf’s Texas luxury home is undoubtedly the waterpark. This isn’t a “pool with a slide.” It is a custom-engineered aquatic center.
- The Slides: There are multiple high-speed slides, including a 40-foot drop that plunges you into a massive lagoon.
- The Lazy River: If you aren’t in the mood for speed, you can grab a tube and float around the lazy river that winds through the backyard.
- The Lagoon: The main pool is designed to look like a natural lagoon, complete with artificial rock formations, waterfalls, and caves.
- Tech Specs: The water is climate-controlled, meaning you can swim in the middle of a Texas winter if you want. It also features a state-of-the-art filtration system and underwater lighting that turns the backyard into a neon wonderland at night.
Luxury Living Spaces
The home’s interior spans over 20,000 square feet. To put that in perspective, the average American home is about 2,500 square feet. You could fit eight typical houses inside this one mansion!
The Bedrooms and Baths. With 10 massive bedrooms, the home is built for hosting. Each bedroom is more like a hotel suite, featuring its own private lounge area and walk-in closets the size of most people’s kitchens. There are 15 bathrooms, ensuring that no guest ever has to wait. The main suite is a fortress of its own, with a private balcony overlooking the waterpark and a bathroom clad entirely in rare marble.
The Kitchen and Dining Hall. The kitchen is a chef’s dream. It features commercial-grade appliances, multiple food-prep islands, and a walk-in pantry. But the real showstopper is the dining hall. It is designed to seat 50 people comfortably. Imagine hosting a Thanksgiving dinner without worrying about running out of chairs!
Over-the-Top Amenities
If the waterpark and the bedrooms weren’t enough, the house is packed with “fun” rooms that keep you from ever having to leave.
- The Private Theater: This isn’t just a big TV. It’s a tiered cinema with plush velvet seats, a professional sound system, and a popcorn machine.
- The Bowling Alley: The home features a full-sized, two-lane bowling alley with automated scoring.
- The Indoor Basketball Court: Perfect for staying active during those hot Texas summers, the court is regulation size and features professional hardwood flooring.
- The Wine Cellar: A climate-controlled room capable of holding thousands of bottles of the world’s finest vintages.
- The Gym and Spa: A fully equipped fitness center followed by a steam room, sauna, and massage table.
The Scandal That Shook Richard Malouf’s $28M Dallas Mega House
You might be wondering: how does someone with this much luxury end up in the middle of a scandal? Well, as the saying goes, “More money, more problems.” The Malouf $28 million mega mansion scandal is a complex web of legal battles and public scrutiny.
The IRS and Tax Evasion Probes
The most significant blow to Malouf’s reputation came from federal investigators. In 2023, reports surfaced regarding a massive tax evasion probe. The IRS allegedly began investigating how Malouf managed his dental empire and subsequent real estate investments.
Public records showed that liens were placed on several of his properties, including the famous waterpark estate. When the government puts a lien on your house, it means they claim a right to your property because of unpaid debts. For a man living in a $28 million home, the optics of “unpaid taxes” were devastating.
The Medicaid Fraud Allegations
Long before the tax issues, Malouf’s business, All Smiles Dental, was hit with allegations of Medicaid fraud. Investigators looked into whether the clinics were overbilling the government for orthodontic work that wasn’t always necessary.
While Malouf vigorously fought these claims and settled some legal disputes without admitting guilt, the “scandal” tag stuck to him. People began to look at the Richard Malouf Dallas waterpark estate not just as a beautiful home, but as a symbol of wealth that may have been built on a shaky foundation.
Media Frenzy and Public Reaction
The Dallas Morning News and national outlets like TMZ picked up the story. Suddenly, the “Waterpark Mansion” was the most famous house in Texas for all the wrong reasons. Neighbors, already annoyed by the construction noise and the slides’ sheer size, began to speak out.
The public reaction was a mix of fascination and frustration in a city where many people struggle to pay rent. Seeing a man build a private waterpark while being investigated for tax issues created a massive divide. It became a cautionary tale of “lifestyles of the rich and famous” gone wrong.
Real Estate Breakdown: Is $28M Worth It for This Mega House?
When we talk about Richard Malouf’s $28M Dallas mega house, we have to ask the practical question: Is it actually worth that much? In the world of high-end real estate, value is a tricky thing. It’s not just about the bricks and mortar; it’s about the “wow factor” and the market demand.
Market Analysis of Dallas Luxury
The Dallas luxury market has been booming. In 2026, the median price for a high-end estate in the Preston Hollow area is around $15 million. At $28 million, the Malouf house is nearly double the “standard” luxury price.
However, you have to consider the upgrades. You can’t just go to a store and buy a waterpark. The cost of engineering the lagoon, the slides, and the massive square footage adds a premium that is hard to find elsewhere.
Comparison with Other Estates
To understand the value, let’s compare it to other massive homes in the area.
Feature Richard Malouf’s $28M House Standard Dallas Luxury Estate
Square Footage 20,000+ 12,000 – 15,000
Acreage 4.5+ Acres 1 – 2 Acres
Waterpark/Slides Yes (Custom Lagoon) No (Standard Pool)
Bedrooms/Baths 10 Beds / 15 Baths 6 Beds / 8 Baths
Unique Amenities : Bowling Alley, Indoor Court , Home Theater, Wine Room
Scandal Factor High Low
Estimated Value $28M – $30M $12M – $18M
The “Scandal Discount”
In real estate, a scandal can sometimes lower the price. Potential buyers might be wary of a house that has been in the news for IRS liens or legal battles. They worry about “bad energy” or future legal headaches. On the other hand, some ultra-wealthy buyers love a house with a story. They see it as a piece of Dallas history.
Investment Potential
Could this house be an Airbnb? Probably not. The zoning in these elite neighborhoods is stringent. However, as a private residence for a celebrity or a tech billionaire, it’s a one-of-a-kind asset. You could spend five years trying to build this yourself, or you could buy the Malouf estate and start sliding on day one.
Lifestyle Inside Richard Malouf’s Scandalous Waterpark Estate
What would your life look like if you lived here? Let’s take a moment to indulge in the fantasy.
A Day in the Life
You’d wake up in a main suite that’s bigger than most apartments. After a quick workout in your private gym, you might head down to the kitchen where a private chef has prepared breakfast.
By noon, the Texas sun is out. You don’t have to pack a bag or drive to a crowded theme park. You walk out your back door. You spend the afternoon racing your friends down the 40-foot slides or relaxing in the lazy river with a drink in your hand.
In the evening, you host a dinner for 30 people in your grand dining hall, followed by a private screening of the latest blockbuster in your home cinema. It’s a life of total convenience and endless entertainment.
The Privacy Perk
One of the biggest draws of Richard Malouf’s $28M Dallas mega house is the privacy. Even though the slides are tall, the estate is designed so that you feel entirely isolated from the outside world. For someone dealing with public scandals, this home is a fortress. It’s a place where you can escape the cameras and the critics.
Sustainability and Tech
Surprisingly, for a house this big, there are some eco-friendly features. The waterpark uses a sophisticated recycling system to minimize waste. The home is also a “smart house,” meaning you can control the lighting, temperature, and security of all 20,000 square feet from an iPad.
Why Richard Malouf’s $28M Dallas Mega House Captivates Us
Why are we so obsessed with this house? It’s more than just the money. It represents the “American Dream” taken to the absolute extreme.
A Symbol of Excess
In many ways, this house is a symbol of the Texas real estate boom. Everything is bigger in Texas, and this house proves it. It shows what happens when someone has more money than they know what to do with. The waterpark isn’t a necessity; it’s a whim. It’s a “because I can” purchase.
The Future of the Estate
As of 2026, the house’s future is a mystery. With the legal battles ongoing and the market shifting, will Malouf keep the property? Or will it eventually be sold to a new owner who wants to start fresh?
Some real estate experts suggest the modern house might eventually be split back into two separate lots, but that would mean tearing down the waterpark—a move that would break the hearts of many curiosity-seekers.
FAQ: Quick Facts About the Malouf Estate
How many square feet is the house? The main house and guest structures total over 20,000 square feet of living space.
What is the most famous feature? The private waterpark, which includes a 1,000 sq ft lagoon, multiple slides, and a lazy river.
Who is Richard Malouf? He is a former orthodontist and founder of All Smiles Dental who became a major real estate investor in Dallas.
Is the house currently for sale? The property has moved on and off the market over the years, often hovering around the $28 million to $33 million price range,, depending on current legal and market conditions.
Where is it located? It is located in the prestigious Preston Hollow neighborhood of Dallas, Texas.
Where Does Richard Malouf Currently Live?
Richard Malouf, the Texas dentist behind All Smiles Dental chain, previously owned a massive 37,000-square-foot estate on Strait Lane in Dallas, Texas.
Richard Malouf House Photos
