The Dallas-Fort Worth (DFW) metroplex is home to some of the most affluent communities in Texas, offering luxurious estates, exclusive amenities, and prestigious neighborhoods. If you’re a luxury home buyer looking for prime real estate in DFW, these cities stand out for their wealth, lifestyle, and high-end properties.
1. Highland Park
Why It’s Wealthy: Highland Park is one of the most prestigious and wealthiest cities in Texas. Located just minutes from Downtown Dallas, it’s known for its tree-lined streets, historic mansions, and proximity to the best schools and cultural amenities.
Median Home Price: $2 million - $10+ million
Luxury Features: Gated estates, historic architecture, proximity to Highland Park Village (luxury shopping and dining), and top-tier schools in Highland Park ISD.
Why It’s Perfect for Luxury Buyers: Highland Park offers a blend of old-money elegance and contemporary luxury, attracting affluent families, business leaders, and high-net-worth individuals.
2. University Park
Why It’s Wealthy: Adjacent to Highland Park, University Park is equally affluent, with a reputation for prestigious homes, excellent schools, and a close-knit community. It’s home to Southern Methodist University (SMU), giving the area a unique academic and cultural vibe.
Median Home Price: $1.5 million - $8+ million
Luxury Features: Estate-sized homes, proximity to top private schools, access to SMU’s cultural and academic resources, and beautiful parks.
Why It’s Perfect for Luxury Buyers: University Park offers luxurious homes in a family-friendly environment, with access to some of the best educational institutions in Texas.
3. Preston Hollow
Why It’s Wealthy: Known for its sprawling estates, Preston Hollow is a prestigious North Dallas neighborhood that’s home to many of the city’s wealthiest residents, including politicians, CEOs, and celebrities.
Median Home Price: $2 million - $30+ million
Luxury Features: Large estates, gated properties, lush landscapes, custom-built homes, and proximity to top private schools like St. Mark’s and Hockaday.
Why It’s Perfect for Luxury Buyers: With its secluded estates and proximity to Downtown Dallas, Preston Hollow offers privacy and prestige, making it ideal for high-profile individuals.
4. Westlake
Why It’s Wealthy: Westlake is an exclusive enclave known for its luxury estates, top-tier golf communities, and highly rated schools. It’s home to the elite Vaquero Club, attracting buyers who seek resort-style living.
Median Home Price: $3 million - $10+ million
Luxury Features: Custom-built homes, golf course estates, gated communities, Vaquero Club amenities, and access to Westlake Academy’s IB program.
Why It’s Perfect for Luxury Buyers: Westlake offers unparalleled privacy and luxury, with spacious estates and world-class golf, making it a haven for wealthy buyers seeking a tranquil lifestyle.
5. Southlake
Why It’s Wealthy: Southlake is a family-oriented luxury community with top-rated schools, large estates, and a strong sense of community. It’s consistently ranked as one of the wealthiest cities in Texas.
Median Home Price: $1.5 million - $7+ million
Luxury Features: Gated communities, expansive homes, proximity to Southlake Town Square for luxury shopping and dining, and top public schools in Carroll ISD.
Why It’s Perfect for Luxury Buyers: Southlake is ideal for affluent families who prioritize education and a suburban, community-focused lifestyle while still enjoying the benefits of high-end living.
6. Frisco
Why It’s Wealthy: Frisco has rapidly developed into one of the fastest-growing luxury markets in DFW, thanks to its booming economy, corporate headquarters, and luxury developments.
Median Home Price: $1 million - $5+ million
Luxury Features: Master-planned communities, golf course estates, proximity to The Star (Dallas Cowboys HQ), and access to upscale shopping and dining at Legacy West.
Why It’s Perfect for Luxury Buyers: Frisco offers new construction luxury homes with modern amenities, making it attractive to professionals and families who want access to top schools and corporate hubs.
7. Colleyville
Why It’s Wealthy: Colleyville is a quiet, upscale community known for its large estates and family-friendly atmosphere. It offers luxury homes with easy access to both Dallas and Fort Worth, making it a top choice for executives and professionals.
Median Home Price: $1 million - $5+ million
Luxury Features: Expansive homes on large lots, gated communities, proximity to DFW Airport, and access to top schools in Grapevine-Colleyville ISD.
Why It’s Perfect for Luxury Buyers: Colleyville combines suburban luxury with convenience, offering affluent families a peaceful lifestyle with proximity to major cities.
8. Flower Mound
Why It’s Wealthy: Flower Mound offers lakeside living and luxury homes with expansive lots, attracting buyers who value privacy and access to nature. The area boasts luxury communities like Chateau Du Lac, with views of Grapevine Lake.
Median Home Price: $1 million - $7+ million
Luxury Features: Lakeside estates, gated communities, access to outdoor activities, and proximity to both Dallas and Fort Worth.
Why It’s Perfect for Luxury Buyers: Flower Mound’s combination of natural beauty and luxury living makes it ideal for affluent buyers who enjoy outdoor recreation and a serene environment.
9. Plano (West Plano)
Why It’s Wealthy: West Plano is known for its affluent neighborhoods, corporate headquarters, and luxury developments. It’s a major business hub, attracting wealthy professionals who want high-end homes close to work.
Median Home Price: $900,000 - $5+ million
Luxury Features: Luxury homes in communities like Willow Bend and Normandy Estates, proximity to corporate headquarters, and access to upscale shopping and dining at Legacy West.
Why It’s Perfect for Luxury Buyers: West Plano offers a blend of suburban luxury and urban convenience, making it a great option for professionals and executives looking for luxury homes with easy access to business districts.
10. Prosper
Why It’s Wealthy: Prosper is an up-and-coming luxury community with large estates and a strong focus on new construction. It’s known for its master-planned communities and family-oriented lifestyle.
Median Home Price: $1 million - $5+ million
Luxury Features: Custom homes in communities like Whitley Place and Star Trail, large lots, and top-rated schools.
Why It’s Perfect for Luxury Buyers: Prosper is ideal for families seeking new, custom-built homes in a growing community with excellent schools and a small-town feel.
Conclusion
From the historic elegance of Highland Park to the resort-style living of Westlake, DFW’s wealthiest cities offer a diverse range of luxury real estate options. Whether you’re looking for privacy, family-friendly amenities, or modern design, these cities provide the perfect backdrop for high-end living in one of the most dynamic real estate markets in the country.
About us: University Park Expert Real Estate Agent
As a Top Real Estate Professional in University Park, I understand the challenges that arise when buying a luxury home in University Park.
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 University Park looking to buy a home in University Park or whether you are relocating to University Park 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 University Park. 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 University Park? 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 University Park that you can use to help make your home buying decision.
