Dallas-Fort Worth (DFW) is home to some of the most prestigious neighborhoods in Texas, known for their stunning estates, luxurious amenities, and high price tags. For high-end buyers looking to invest in the metroplex’s finest homes, it’s essential to understand how these elite areas compare in terms of lifestyle, location, and offerings. This comparative analysis of DFW’s most expensive neighborhoods will explore what sets these communities apart and help you determine the best fit for your luxury living needs.
1. Highland Park (75205)
Median Home Price: $2 million - $10+ million
Location: Central Dallas, 10 minutes from Downtown Dallas
Lifestyle & Amenities: Highland Park is synonymous with old-money wealth, prestige, and historic charm. Known for its stately mansions, tree-lined streets, and luxury shopping at Highland Park Village, this neighborhood offers a refined and exclusive lifestyle. The area is home to the prestigious Dallas Country Club and highly rated Highland Park ISD, making it a popular choice for affluent families.
Why Choose Highland Park: Choose Highland Park if you desire a community steeped in history, with proximity to the cultural and business hubs of Downtown Dallas, along with top-tier schools and a close-knit, affluent community.
2. Preston Hollow (75220)
Median Home Price: $2 million - $30+ million
Location: North Dallas, 15 minutes from Downtown Dallas
Lifestyle & Amenities: Preston Hollow is known for its sprawling estates and celebrity residents, offering large properties with luxurious custom-built homes on expansive lots. This neighborhood combines privacy, prestige, and easy access to upscale dining, shopping, and top private schools. The area has a mix of architectural styles, from classic estates to ultra-modern mansions, appealing to diverse tastes.
Why Choose Preston Hollow: Preston Hollow is ideal for high-profile buyers and families seeking privacy and space, with the benefit of being close to both Downtown Dallas and North Dallas’ top private schools and shopping areas like NorthPark Center.
3. Westlake (76262)
Median Home Price: $3 million - $10+ million
Location: West of DFW Airport, 30 minutes from Downtown Fort Worth
Lifestyle & Amenities: Westlake offers a resort-like lifestyle with exclusive gated communities, such as the prestigious Vaquero Club, where luxury homes surround a world-class golf course. Known for its vast estates and world-class amenities, Westlake offers unmatched privacy, concierge services, and access to Westlake Academy, an elite charter school. The combination of natural beauty and luxury living makes it a top choice for affluent buyers.
Why Choose Westlake: Westlake is perfect for those seeking a resort-style lifestyle with privacy, exclusivity, and spacious custom estates. It’s a haven for CEOs, athletes, and celebrities, offering world-class amenities in a serene setting.
4. Southlake (76092)
Median Home Price: $1.5 million - $10 million
Location: 25 minutes from Downtown Fort Worth, 30 minutes from Downtown Dallas
Lifestyle & Amenities: Southlake is one of the most family-friendly luxury neighborhoods in DFW. Known for its excellent Carroll ISD schools, upscale homes, and a strong sense of community, Southlake combines suburban charm with luxury. The area is centered around Southlake Town Square, a hub for high-end shopping and dining. Gated communities like Carillon and Timarron provide exclusivity for residents seeking privacy.
Why Choose Southlake: Southlake is ideal for families seeking a prestigious address with access to top public schools, luxury shopping, and spacious homes in a community-focused setting.
5. University Park (75225)
Median Home Price: $1.5 million - $10+ million
Location: North of Downtown Dallas, adjacent to Highland Park
Lifestyle & Amenities: University Park is closely tied to Southern Methodist University (SMU), creating a unique blend of academic charm and luxury living. The area features stunning homes, high-end shopping, and dining, along with access to some of the best private schools in Texas. University Park’s residents enjoy a vibrant yet private lifestyle, with amenities such as parks, upscale shopping, and cultural events at SMU.
Why Choose University Park: This neighborhood is perfect for families and academics looking for a blend of intellectual and luxurious living, with top schools and cultural activities at their doorstep.
6. Frisco (75034)
Median Home Price: $1 million - $5 million
Location: 30 minutes north of Downtown Dallas
Lifestyle & Amenities: Frisco is a rapidly growing area that blends luxury living with urban conveniences. High-end communities like Newman Village and Stonebriar Country Club Estates attract affluent buyers who want easy access to corporate headquarters and entertainment districts like The Star. Frisco’s amenities include high-end shopping, dining, and top public and private schools.
Why Choose Frisco: Frisco is perfect for families and professionals seeking a dynamic, luxury community with access to some of DFW’s top employers, schools, and entertainment venues.
7. Flower Mound (75022)
Median Home Price: $1 million - $7+ million
Location: 35 minutes from Downtown Dallas and Fort Worth
Lifestyle & Amenities: Known for its lakeside estates and communities like Chateau Du Lac, Flower Mound offers luxury homes with scenic views of Grapevine Lake. The area combines outdoor recreation with upscale living, providing residents access to hiking, boating, and golf. The community is a haven for nature lovers who seek peace and luxury.
Why Choose Flower Mound: Choose Flower Mound if you value lakeside living, outdoor activities, and luxurious homes in a peaceful suburban setting with access to both Dallas and Fort Worth.
8. Rivercrest (76107)
Median Home Price: $2 million - $10+ million
Location: Fort Worth
Lifestyle & Amenities: Rivercrest is one of Fort Worth’s most prestigious neighborhoods, known for its historic estates and proximity to the Rivercrest Country Club. The neighborhood offers a blend of traditional elegance with luxury, making it a top choice for those seeking quiet, high-end living close to Fort Worth’s cultural district.
Why Choose Rivercrest: If you’re drawn to historic charm and old-world elegance, Rivercrest is the perfect neighborhood, offering large estates and easy access to Fort Worth’s best cultural institutions and country clubs.
9. Preston Hollow (75229)
Median Home Price: $2 million - $20+ million
Location: North Dallas
Lifestyle & Amenities: The Preston Hollow area extends to 75229, offering slightly more affordable luxury than 75220 while still maintaining exclusivity. This area features newer homes, larger lots, and proximity to the area’s best schools and shopping centers. The neighborhood’s seclusion makes it popular among affluent families and high-profile individuals.
Why Choose Preston Hollow (75229): This part of Preston Hollow offers larger lots and more modern homes, making it a perfect choice for buyers seeking contemporary luxury with privacy and accessibility.
Comparative Overview:
Neighborhood | Median Home Price | Key Features | Ideal For |
Highland Park | $2M - $10M+ | Historic charm, luxury shopping, top schools | Affluent families, old-money buyers |
Preston Hollow | $2M - $30M+ | Large estates, celebrity residents, privacy | High-profile buyers, celebrities |
Westlake | $3M - $10M+ | Resort-style living, private golf clubs, exclusivity | CEOs, athletes, high-net-worth buyers |
Southlake | $1.5M - $10M | Family-friendly, top public schools, suburban luxury | Affluent families, professionals |
University Park | $1.5M - $10M+ | Academic charm, luxury living, proximity to SMU | Families, academics |
Frisco | $1M - $5M | Corporate hubs, modern luxury, growing amenities | Families, professionals |
Flower Mound | $1M - $7M+ | Lakeside estates, outdoor recreation, serene setting | Nature lovers, affluent families |
Rivercrest | $2M - $10M+ | Historic estates, old-world elegance, country club | Traditional luxury seekers |
Conclusion
Each of DFW’s most expensive neighborhoods offers a unique blend of luxury, lifestyle, and amenities. Whether you're seeking the old-world charm of Highland Park, the celebrity-filled seclusion of Preston Hollow, or the resort-like living of Westlake, DFW provides an array of options to fit your luxury needs. Consider your priorities—whether it's top schools, privacy, or proximity to urban hubs—when choosing the perfect neighborhood for your next luxury home purchase in DFW.
4o
About us: Southlake Luxury Real Estate Experts
As a Top Real Estate Professional in Southlake, I understand the challenges that arise when buying a luxury home in Southlake.
As a holder of top real estate industry certifications and designations like CRS, ABR & GRI, I can offer my clients experience as a Buyer's Agent and REALTOR®, top Industry Customer Service, in-depth, up-to-the-minute and comprehensive market knowledge; honesty, integrity, dedication, and professionalism in my business.
Whether you are a first time buyer in Southlake looking to buy a home in Southlake or whether you are relocating to Southlake from California or moving your entire family from areas like San Francisco, Fremont, Palo Alto, Los Angeles, San Diego in California due to job transfer with your company, I can help you find a luxury home in Southlake. Our relocation team eases the transition - whether you are moving across town or across the globe. We will work with you to find an area that best suits your professional, family and lifestyle needs. We have all the tools you need to help your home search. Whether it is video previews of homes, extended work hours, digital signatures for documents or more, we can make this process as comfortable as possible no matter where you are located.
What is most important to you in your new home in Southlake? Send us an email at info@NitinGuptaDFW.com or give us a call at (469) 269-6541 to schedule a no obligation consultation. We’ll give you honest advice about Southlake that you can use to help make your home buying decision.
Comments