‘It’s Business in Front and a Party in Back’: Welcome to the Mullet House
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‘It’s Business in Front and a Party in Back’: Welcome to the Mullet House

A Texas couple spent $9 million building a second home in California and named it after the infamous haircut

By NANCY KEATES
Fri, Jul 28, 2023 8:41amGrey Clock 5 min

Houses in Carmel, Calif., tend to have tongue-in-cheek names, like Cabin-on-the-Rocks and Last Resort. So Marguerite Woung-Chapman and Stan Chapman decided to christen the house they built in this charming seaside community with a name that gives a humorous nod to its contemporary twist on modern architecture.

“We call it Mullet House. It’s business in front and a party in back,” says Chapman, 57, a senior executive at an energy infrastructure company in Houston. The reference, of course, is to the haircut popularised in the 1980s that was short at the front and sides but long in the back.

From the street, the house, a second home for the Texas couple, has an unassuming appearance. The front walls are shielded behind ribbed slats of white painted cedar, almost like a fence. And like a mullet, there is a hint from first glance that something interesting is happening on the other side: A portion of the ribbed slats reveals an entryway’s glass wall that offers a glimpse of the interior and views of the valley beyond.

Inside, the space unfolds into multiple levels, with sweeping views of the beach and mountains seen through glass walls and courtyards.

“People stop when they’re driving or walking down the street to look through our house,” says Woung-Chapman, 57, a former general counsel for an energy company in Houston and currently on several boards. She says she is comfortable being observed and waves if she catches people’s eyes. “They’re usually more embarrassed than I am,” she says.

It was this sense of discreet boldness that drove much of the interior design of the house, says Susan Collins Weir, founding principal of Sausalito-based Studio Collins Weir. She chose furnishings and fixtures that had clean lines but were textured and layered, such as olive-colour leather Poliform chairs with leather-upholstered legs and heavy stitching in a dining room that also has a porcelain art piece on the wall that hangs like a woolly fabric.

“They both have a quiet strength,” Collins Weir says of the couple.

Owners Marguerite Woung-Chapman and Stan Chapman live in both Houston and Carmel.

To immerse the $9 million house in its surrounding nature, it was sited as close to the front of the property line as possible instead of in the middle of the lot, as is typical in this Carmel Meadows neighbourhood, says Daniel Piechota, founding principal of San Francisco-based Piechota Architecture, which designed the house. The other three sides were at the setback limit, allowing them to max out the envelope at the perimeter and then carve out courtyards.

The property has a large courtyard in the middle, spanned by an open-air bridge that acts as a patio for dining and lounging, and connects the two sides of the house. Below the bridge is a sunken outdoor conversation pit, with a fire pit in the middle, that opens to a backyard space with a hot tub. Glass walls give the whole house transparency.

On one side of the bridge is the main bedroom and bathroom, leading to a smaller courtyard through a large shower. On the other side is the main living and dining area and the kitchen. Two of the three bedrooms are on the bottom floor, where a media room opens to the garden level with the conversation pit. There is also a workout room and a wine room at one end of that level.

The kitchen has three islands lined up in a row: two stainless steel ones for cooking and prepping food, and a marble one for dining. Reflecting the couple’s love for meat, there is a Dry Ager, a butcher block and a bone saw.

Chapman and Woung-Chapman, who were both married before, met when they were working at the same energy company in Houston. They married in 1999. An acquaintance joked they were “a train wreck waiting to happen” because they were such opposites. She grew up in Kingston, Jamaica; briefly in Queens, N.Y.; and then in Miami, with a father she describes as a socialist. He grew up in Colonia, N.J., in a politically conservative, Catholic family, he says.

Chapman says he loved how Woung-Chapman challenged him intellectually. “Early on, I thought I’d make her see the light, but I’ve learned not to try anymore,” he says.

Woung-Chapman, whose ancestry includes Chinese, German, Indian and African, says she liked how intensely curious Chapman was about her background. Both their parents were surprised by their union, but she jokes that her father’s heavy Jamaican accent warded off fights because it made it hard for Chapman to understand him. She says they give each other grace from having to attend too many family events.

One thing they agree on is where and how they live. After renovating a house in the West University Place neighbourhood in Houston in 2001, they decided it was too small for the four kids, now ages 26 to 30, they share from their previous marriages. So they built a new house in the same neighbourhood in 2008. Chapman describes it as a Contemporary Craftsman: Prairie style (his preference) on the outside and stark white modern (her taste) inside. “It was a perfect blend. A really good compromise,” he says.

When they started thinking of where to retire, their criteria included wanting to build a house by the water and mountains that was within walking distance of stores and restaurants, and was relatively close to an airport. Their list of potential locations included Nashville, Annapolis, the Jersey Shore, Key West and Savannah. It didn’t include California—or anything on the West Coast.

Still, Chapman had fond memories of a trip to Carmel, so in February 2017 they decided to look at houses while on vacation there. “We said we know it won’t happen, but let’s start there and knock it out,” says Woung-Chapman.

She says the moment they entered Carmel Meadows, which has fairly traditional homes—including the one formerly owned by the late actress Betty White that sold for $10.775 million in 2022, well over its $7.95 million asking price—they knew that was where they would end up. They put in an offer immediately on the neighbourhood’s last remaining open lot with an ocean view and bought it in April 2017 for $1.25 million. “We just wanted it,” she says.

This time, Woung-Chapman says, she wanted a design determined by the site. Cameron Helland, a lead architect on the project who now has his own firm, Helland Architecture in San Francisco, says he came up with the idea of the bridge as a way to maximise the views of the ocean while keeping to the 18-foot, county-dictated limit on height. In response to early opposition from some neighbours, who felt that the aesthetic might not fit with the neighbourhood, Helland says he made the front of the house as unimposing as possible so the street presence would more closely tie in with the scale of the neighbouring houses.

The $9 million cost, including the lot, the architect, interior design, landscaping and building, was significantly higher than they expected, says Chapman. He sometimes thinks about what they could have gotten for the same amount at the Jersey Shore or Nashville. And he sometimes feels he should be spending more time there, as he commutes back and forth to Houston and is in Carmel less than six months a year.

But neither Chapman nor Woung-Chapman has any regrets about choosing Carmel. Their new home offers what they wanted in climate, views and the access to outdoors.



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Strong consumer spending and tight supply have driven retail to the top of commercial property, but signs of pressure are starting to emerge.

By Jeni O'Dowd
Mon, May 4, 2026 2 min

Australia’s retail property sector entered 2026 as the strongest performing commercial asset class, but rising geopolitical risks and cost pressures are beginning to test its resilience, according to new research from Knight Frank.

The latest Australian Retail Review shows the sector rode a wave of consumer spending and constrained supply through 2025, delivering total returns of 9.2 per cent and driving transaction volumes up 43 per cent year-on-year to $14.4 billion.

That momentum carried into early 2026, with around $3.6 billion in deals recorded in the first quarter alone.

“Retail clearly emerged as the standout commercial property performer in 2025,” said Knight Frank Senior Economist, Research & Consulting Alistair Read.

“Improving household spending, limited new supply and stronger leasing fundamentals combined to drive better income growth and renewed investor confidence in the sector.”

Spending rebound drives retail strength

A lift in household spending has been central to the sector’s performance. Consumer spending rose 4.6 per cent year-on-year to February 2026, supported by easing inflation and improving real incomes.

That shift flowed directly into retailer performance, with average EBIT margins across major retailers rising to 8.9 per cent in the first half of 2026, their strongest level in several years.

“Stronger consumer spending was critical in restoring momentum to the retail sector,” Mr Read said.

“Retailers have generally been better able to absorb costs, rebuild margins and support sustainable rental outcomes, particularly in higher-quality centres.”

Improved trading conditions also pushed leasing spreads up 4.2 per cent in 2025, reinforcing income growth and supporting capital values.

Geopolitical tensions begin to bite

But the outlook has become more complicated. The report warns that escalating conflict in the Middle East and its impact on fuel prices, supply chains and interest rates could weigh heavily on consumer spending.

“Higher fuel prices, flow-on cost pressures across supply chains, and recent interest rate increases are collectively squeezing household budgets, and early consumer sentiment data suggests confidence is already softening,” Mr Read said.

“While household balance sheets remain generally resilient, heightened uncertainty over future costs is likely to weigh on spending — particularly in discretionary categories — in the months ahead.”

The impact is already being felt in investment activity. While the year began strongly, transaction volumes slowed in March as investors paused amid the uncertainty.

“Early indicators suggest elevated uncertainty has already begun to affect the market. While retail investment enjoyed its strongest start to a year in a decade, with nearly $3 billion transacted by the end of February, activity stalled in March, as investors took a pause amid elevated uncertainty,” Mr Read said.

Solid foundations support medium-term outlook

Despite the near-term headwinds, Knight Frank maintains that the sector’s underlying fundamentals remain strong. Limited new supply, high construction costs and population growth are expected to continue supporting rental growth over the medium term.

“Retail has entered this period of uncertainty from a position of strength,” Mr Read said.

“Supply-side constraints, population growth and improving income fundamentals remain powerful structural supports for the sector.”

The report highlights several trends shaping the year ahead, including steady yields as interest rates rise, mounting pressure on tenant margins, continued outperformance of prime centres, the growing need for logistics integration, and risks linked to underinvestment in capital expenditure.

For now, retail remains a sector with momentum, but one increasingly at the mercy of forces far beyond the shopping centre.

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