Who Pays $1 Million for a Home?

by Mark Friedman  on Monday, Apr. 26, 2010 12:00 am  

  • Another Edgehill home made the million-dollar homes list. In December, the Daniel & Tiffany Robinson Trust bought a 4,932-SF home from Wendy and Stephen LaFrance Jr. for $1.19 million. (Stephen LaFrance is Jason LaFrance's brother.)

The LaFrances had bought the house for $1.3 million in July 2005.

Daniel Robinson is an assistant vice president of treasury management for Bank of the Ozarks in Little Rock. His father-in-law is Charles H. "Chip" Murphy III of Little Rock, who also lives on Edgehill. Chip Murphy's father was Charles H. Murphy Jr., who ran Murphy Oil Corp. of El Dorado. In 2009, Murphy Oil reported $19 billion in revenue and $837.6 million in net income. In 2008, the company had $27.5 billion in revenue and $1.7 billion in net income.

  • In April, Nancy and Arthur "Tad" Phillips Jr. bought a 5,617-SF home near the Country Club of Little Rock for $1 million.

They bought the mansion from the Ann Cline Galloway Revocable Trust.

Tad Phillips' great-grandfather, Mark Mathias Cohn, was the founder of the department store M.M. Cohn, which was sold in 1989 to The Dunlap Co., a chain of department stores in Fort Worth, Texas, and has since been shut down.



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