Southlake, Texas, is one of the most desirable suburbs in the Dallas-Fort Worth metroplex, known for its luxury homes, top-rated schools, and high quality of life. If you’re considering buying property in Southlake, here are the 10 most important things to know before making your move.
1. Southlake Real Estate Is Competitive
Southlake is one of the most exclusive and in-demand markets in North Texas. Homes here sell quickly, especially in highly sought-after neighborhoods.
Median home price: $1M+
Luxury estates and custom-built homes dominate the market
Low inventory means buyers should be prepared to act fast
What You Should Do: Get pre-approved for a mortgage and work with a local Southlake real estate expert to find the best properties before they hit the market.
2. Carroll ISD: One of the Best School Districts in Texas
Many families move to Southlake specifically for Carroll Independent School District (Carroll ISD), known for its top-ranked academic programs and championship-winning sports teams.
Ranked as one of the best school districts in Texas
One high school system = strong community involvement
Highly rated extracurricular and athletic programs
What You Should Do: If schools are a priority, verify school zoning before buying, as some Southlake addresses may be zoned for neighboring districts.
3. Southlake Is Known for Luxury Homes & Estates
Southlake offers a mix of modern custom homes, gated communities, and large estates. Many homes feature luxury finishes, large lots, and resort-style amenities.
Popular architectural styles: Mediterranean, Modern, Tudor, and Texas Ranch
Many homes feature private pools, outdoor kitchens, and smart home technology
Exclusive, gated communities offer additional privacy and security
What You Should Do: Decide if you prefer a custom-built estate, a golf course community, or a master-planned neighborhood before starting your search.
4. Property Taxes Are Higher Than the National Average
Texas has no state income tax, but property taxes in Southlake tend to be higher than in other areas.
Southlake property tax rates: Around 2.2–2.6% of home value
Carroll ISD school taxes contribute to higher rates
Some neighborhoods have additional HOA fees
What You Should Do: Factor property taxes into your home budget and consider homestead exemptions if buying a primary residence.
5. Southlake Has Strict Zoning & HOA Rules
Many Southlake communities have homeowner associations (HOAs) and zoning restrictions to maintain property values and aesthetics.
HOA fees can range from $500 to $5,000+ per year
Strict building codes regulate home styles, fencing, and landscaping
Limited high-density housing—most homes are on larger lots
What You Should Do: Before buying, review HOA rules and zoning regulations to ensure they align with your needs.
6. New Construction Opportunities Are Limited
Southlake is mostly developed, meaning there are fewer new construction opportunities compared to nearby cities like Frisco or Prosper.
Most new homes are custom-built on remaining lots
Some luxury builders still offer new construction in select communities
Renovating an older home may be an alternative option
What You Should Do: If you’re set on new construction, be prepared for longer build times and higher custom home costs.
7. Southlake Town Square Offers Premier Shopping & Dining
Southlake Town Square is the heart of the city, featuring upscale shopping, fine dining, and community events.
High-end retail stores, including Apple, Lululemon, and Anthropologie
Fine dining at Truluck’s, Del Frisco’s, and Moxie’s
Year-round events like Oktoberfest, Art in the Square, and holiday festivals
What You Should Do: Consider buying near Southlake Town Square if you want walkability and easy access to entertainment.
8. Southlake’s Location Offers Easy Access to DFW
Southlake is conveniently located between Dallas and Fort Worth, making it a great choice for commuters and frequent travelers.
Highway 114 provides quick access to major business hubs
DFW International Airport is just 15 minutes away
Nearby cities include Grapevine, Colleyville, and Westlake
What You Should Do: If you travel frequently or work in Dallas/Fort Worth, Southlake’s location offers an easy commute.
9. The Southlake Community Is Family-Oriented & Active
Southlake is known for its strong sense of community, with family-friendly events, parks, and sports programs.
Bicentennial Park: Features sports fields, trails, and picnic areas
Bob Jones Nature Center: Offers hiking trails and outdoor activities
Carroll Dragons Football: A source of local pride and community spirit
What You Should Do: If you’re looking for a tight-knit, family-friendly community, Southlake is a top choice.
10. Homes Hold Their Value in Southlake
Southlake’s strong real estate market and high demand mean that homes retain their value and appreciate over time.
Luxury homes in top school districts hold value better than average
Limited land means fewer new developments, keeping demand high
Excellent resale potential compared to other DFW suburbs
What You Should Do: If you're looking for long-term value and investment potential, Southlake is one of the best places to buy in DFW.
Is Southlake the Right Place for You?
Southlake offers luxury homes, award-winning schools, and a high quality of life, making it one of the best places to buy a home in North Texas. If you're considering moving to Southlake, let’s find the perfect property for you.
Please call us at 469-269-6541 for more details about Southlake and available homes!
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.