One of Arlington's Finest Contemporary Estates Falls Into Foreclosure - 2906 W. Shadow Drive

Shadow Drive is a highly respected neighborhood in far north Arlington.  Known for prominent residents and luxury real estate, one of the more regarded residents is Kristopher Kyle Lewis, a construction equipment mogul with a country-wide crane business based out of Grand Prairie, Texas.  Lewis Crane has aided the construction of skyscrapers, stadiums, and hotels across America.  But unfortunately, this economic downturn blindsided many, like Lewis.  His mega modern estate is now under foreclosure.  Lewis, who was once making over $5 million a year with his successful business, was blindsided by the recession which ultimately had a profound impact on him.  He is credited throughout the world as being one of the only survivors of a crane fall/crash.  His 9,470 sq. foot modern estate will soon be listed on the market.  Such a home won't sell very fast, a classic example is 2324 Panorama Court, also in Arlington.  Do I see an auction in the near future?

The estate, built in 2003, was appraised 3 years ago at just over $2.7 million - just last year, it was appraised at $1.7 million.  

Thanks for reading,

John