The Dallas-Fort Worth (DFW) area is a top choice for luxury relocation, offering a mix of high-end real estate, strong economic growth, and appealing amenities. Whether you prioritize privacy, proximity to business hubs, or access to top schools, DFW has a neighborhood to match. Here’s a quick look at five standout areas:
- Highland Park: Known for its prestige, historic estates, and proximity to Dallas’s cultural and business centers. Median home price: $4.7M (134% YoY growth).
- Preston Hollow: Offers privacy with expansive estates, celebrity residents, and access to elite private schools. Median home price: $1.93M.
- University Park: Family-friendly with walkable streets, green spaces, and top schools near SMU. Home values expected to rise 5–8% in 2025.
- Westlake: Features gated estates, equestrian trails, and a resort-like lifestyle. Median home price: $3.5M–$5M.
- Westover Hills: Combines Fort Worth charm with lower taxes and a mix of historic and modern homes. Median home price: $2.3M–$4M.
Each neighborhood offers unique benefits, from architectural variety to exclusive amenities. Whether you’re drawn to Highland Park’s luxury shopping, Preston Hollow’s privacy, or Westlake’s golf courses, there’s something for everyone.
Dallas Luxury – Best places to live in 2025
1. Highland Park
Highland Park represents the pinnacle of luxury living in Dallas. Established over a century ago, this independent enclave was inspired by the design aesthetics of Beverly Hills and has since become one of the most sought-after addresses in the Dallas–Fort Worth area. Its charm lies in its tree-lined streets, immaculate lawns, and strict architectural guidelines, all of which maintain its exclusive character. The neighborhood’s reputation is further elevated by its high-profile residents, including Dallas Cowboys owner Jerry Jones and billionaire Mark Cuban. Highland Park offers a rare combination of privacy, prestige, and proximity to Dallas’s cultural and business hubs. Let’s dive into what makes this community so exceptional.
Median Home Prices
Highland Park’s real estate market is a testament to its enduring appeal. As of early 2025, the median home price soared to $4.7 million, marking an impressive 134% increase compared to the previous year. This consistent demand among affluent buyers keeps the market robust. Properties on estates ranging from 1 to 5 acres are particularly coveted and tend to sell quickly. Inventory levels have risen by 15% compared to 2024, offering more opportunities for serious buyers while maintaining strong potential for property value appreciation.
Architectural Styles
The neighborhood showcases a rich variety of architectural styles, blending timeless elegance with modern trends. From classic Tudor revivals and Craftsman bungalows to sleek contemporary homes and modern villas, Highland Park has something for every taste. Many of the larger estates, situated on 1 to 5-acre lots, provide ample space for lush gardens and outdoor entertaining areas. This balance of historic charm and modern sophistication ensures that Highland Park remains visually stunning and functionally versatile.
Amenities (Shopping, Dining, Recreation)
Highland Park Village serves as the crown jewel of the neighborhood, offering an upscale open-air shopping experience. Here, residents can browse luxury brands like Chanel and Dior or enjoy farm-to-table dining at high-end restaurants. Beyond the shopping and dining, the area offers access to premier recreational facilities, including the Northwood Club golf course and other private clubs, where residents can network, relax, and socialize. Its convenient location, just minutes from downtown Dallas, provides easy access to the city’s top cultural attractions and business districts while maintaining the tranquility and privacy Highland Park is known for.
School District Quality
Education is another highlight of Highland Park. The Highland Park Independent School District is consistently ranked among the best in Texas, drawing families who prioritize academic excellence. The district not only excels in academics but also offers well-rounded programs that prepare students for competitive college admissions and long-term success. For families relocating to the area, the quality of education is often a decisive factor that further supports Highland Park’s high property values.
With its exceptional schools, stunning architecture, world-class amenities, and a community of distinguished residents, Highland Park blends history with modern luxury. It’s no surprise this neighborhood continues to set the standard for upscale living in the Dallas–Fort Worth area.
2. Preston Hollow
Preston Hollow stands out as one of North Dallas‘s most desirable neighborhoods, celebrated for its privacy and sophisticated lifestyle. This exclusive area strikes a rare balance between serene living and easy access to the city’s key destinations. Its reputation for elegance and discretion places it among the most sought-after communities in the Dallas-Fort Worth area. Here’s a closer look at what makes Preston Hollow so exceptional, from its thriving real estate market to its standout amenities.
Median Home Prices
The real estate market in Preston Hollow has seen extraordinary growth in recent years. By January–February 2025, the median home price reached $1.93 million, reflecting a staggering 90% increase compared to the previous year. The average sales price climbed to $2.23 million. In particular, Strait Lane – often referred to as "Billionaire’s Row" – is home to some of the most extravagant estates in the area, with property values ranging from $20 million to $100 million. These numbers highlight the neighborhood’s appeal to luxury buyers and its strong potential for long-term appreciation.
Architectural Styles
The homes in Preston Hollow are as diverse as they are stunning. The neighborhood features expansive estates set on large lots, offering residents a sense of privacy and space. Architectural styles range from timeless traditional designs to sleek, modern creations that showcase the latest trends in luxury living. These homes often boast sprawling floor plans, high-quality finishes, and custom touches tailored to meet the discerning tastes of affluent homeowners.
Amenities (Shopping, Dining, Recreation)
Preston Hollow’s location in North Dallas offers residents the perfect mix of convenience and tranquility. With the Dallas North Tollway nearby, commuting to downtown or other major business districts is quick and efficient. For leisure and networking, the Northwood Club provides an upscale golf experience in a refined setting. The neighborhood also offers access to high-end shopping, dining, and entertainment options, creating a well-rounded lifestyle that combines exclusivity with accessibility.
School District Quality
For families, one of Preston Hollow’s biggest attractions is its access to top-tier private schools. These institutions provide rigorous academic programs, extensive extracurricular activities, and a strong focus on college preparation. This emphasis on education aligns with the priorities of families who value both luxury and long-term investment in their children’s futures. The area’s commitment to academic excellence further enhances its appeal for those seeking an exceptional family-oriented lifestyle.
3. University Park
University Park offers a unique blend of intellectual charm and upscale living, making it a standout in Dallas’s luxury real estate market. Located right next to Southern Methodist University (SMU), this neighborhood combines academic prestige with a sophisticated, walkable community. The area is known for its mix of Craftsman bungalows and modern villas, giving it a character that feels both timeless and fresh.
Median Home Prices
University Park is a premium neighborhood, but it offers a more approachable luxury market compared to Highland Park, where the median home price sits at $4.7 million. This makes it a desirable option for professionals and families seeking upscale living with promising investment opportunities. Experts predict a 5–8% increase in home values by 2025, as more buyers are drawn to the area’s academic vibe and abundant green spaces.
Architectural Styles
The homes in University Park cater to a variety of tastes, from the charm of Craftsman bungalows to the sleek lines of modern villas. These properties are set on irregularly shaped lots, adding a sense of individuality to each home. This architectural diversity not only enhances the neighborhood’s upscale appeal but also complements its inviting, walkable atmosphere. The result is a community where every home feels distinct yet part of a cohesive, vibrant setting.
Amenities (Shopping, Dining, Recreation)
Living in University Park means enjoying a lifestyle that balances convenience with community. The neighborhood’s walkable streets and green spaces, like Williams Park, create a serene environment. Add SMU’s cultural events and offerings, and residents have access to a dynamic mix of recreation, dining, and shopping options – all within arm’s reach.
School District Quality
University Park’s close connection to Southern Methodist University gives it a scholarly edge that resonates with families and investors alike. While the area benefits from access to top-tier private schools throughout the Dallas-Fort Worth region, the SMU influence adds an extra layer of academic prestige. This makes the neighborhood especially appealing to those who value both luxury living and a rich intellectual environment.
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4. Westlake
Westlake stands out as the epitome of privacy and exclusivity within the Dallas-Fort Worth luxury real estate market. Nestled between Dallas and Fort Worth, this community is a haven for those seeking a tranquil and secure lifestyle. Ranked as the 12th richest neighborhood in the United States, Westlake boasts an average annual household income of $526,590. It’s no surprise that this area attracts a mix of CEOs, professional athletes, and celebrities who value its serene, gated environment far from the hustle and bustle of city life.
The neighborhood is defined by its sprawling, multi-acre estates that prioritize seclusion and security. For buyers who place a premium on privacy and space, Westlake offers an unparalleled living experience. Its focus on expansive, gated properties sets it apart from the more urban sophistication found in nearby communities.
Median Home Prices
Westlake commands some of the highest real estate prices in the Dallas-Fort Worth area. The median home price ranges from $3.5 million to $5 million, with ultra-luxury estates often surpassing $20 million.
What buyers are investing in here goes beyond just square footage. It’s about exclusivity, large parcels of land, and access to amenities that are hard to find elsewhere. For high-net-worth individuals moving to the area, Westlake offers not only a stable housing market but also a lifestyle where privacy and prestige justify the premium pricing.
Architectural Styles
Architecture in Westlake is as varied as it is impressive. The neighborhood features a mix of sleek, modern designs and custom-built traditional homes, many crafted by acclaimed architects. What unites these estates is their grandeur and individuality. Properties often sit on expansive lots – many spanning multiple acres – allowing homeowners to create bespoke spaces that reflect their unique visions.
Whether it’s a minimalist glass-and-steel structure or a timeless, classic estate, the emphasis in Westlake is on customization. These homes are more than just places to live; they are personal retreats, complete with amenities like pools, outdoor entertainment areas, and even equestrian facilities. The spacious lots ensure every property maintains a sense of privacy and exclusivity.
Amenities (Shopping, Dining, Recreation)
Westlake’s amenities revolve around privacy, recreation, and exclusivity. At the heart of the community is Vaquero, a premier gated enclave offering equestrian trails, a championship Tom Fazio-designed golf course, and high-end recreational facilities.
While golf and equestrian activities are key attractions, Westlake also features thoughtfully designed parks and outdoor spaces. Upscale shopping, dining, and entertainment options are easily accessible, but the neighborhood’s true charm lies in its peaceful, private atmosphere. For residents who value world-class amenities and gated security over the convenience of urban living, Westlake offers a lifestyle that few other neighborhoods can rival.
School District Quality
For families, education is a major draw to Westlake. Westlake Academy, a renowned K-12 institution, provides a private school-level education that aligns with the community’s emphasis on excellence. Additionally, the area is served by the highly acclaimed Carroll Independent School District (Carroll ISD), known for its academic rigor and comprehensive programs.
Families also have access to prestigious private schools nearby, offering even more options for top-tier education. This combination of elite public and private educational opportunities makes Westlake particularly appealing to affluent families who want their children to thrive academically while enjoying the benefits of an exclusive and secure community. The emphasis on education perfectly complements Westlake’s overall focus on refined living and privacy.
5. Westover Hills
Westover Hills stands as one of Fort Worth’s most prestigious neighborhoods, blending the rustic charm of the West with modern-day luxury. Ranked as the 12th-richest community in the United States, this neighborhood boasts an average annual household income exceeding $200,000. With just 270 homes, it’s a sought-after enclave for CEOs, professional athletes, and celebrities looking for a high-end alternative to Dallas’s established luxury areas. Adding to its appeal, Fort Worth’s tax rates are about 20% lower than those in Dallas, making it an attractive choice for high-net-worth individuals. The market outlook for 2025 predicts an 8–10% appreciation, driven by strong demand for its privacy, spacious properties, and Western elegance. Below, we’ll explore what sets Westover Hills apart in terms of pricing, design, amenities, and education.
Median Home Prices
Homes in Westover Hills command a premium, with median prices ranging from $2.3 million to $4 million. The neighborhood offers a mix of historic estates from the 1930s and sleek, modern builds on large lots. Early 2025 data reveals a 4–18% year-over-year increase in median home prices across top-tier DFW areas, highlighting the growing demand for luxury properties.
Architectural Styles
Westover Hills offers a mix of architectural styles, from historic homes that showcase its heritage to modern constructions with contemporary flair. The expansive, irregularly shaped lots and natural landscapes give each property a distinct character, often with stunning views and enhanced privacy. This blend of tradition and modernity reflects a broader trend seen throughout the Dallas–Fort Worth area.
Amenities (Shopping, Dining, Recreation)
True to the upscale lifestyle of the DFW area, Westover Hills provides access to exceptional cultural, recreational, and community amenities. Residents enjoy the historic Ridglea Country Club, a prime destination for golf and social events. The neighborhood’s location also places it near Fort Worth’s Cultural District, home to world-class museums and the Will Rogers Auditorium, as well as the Stockyards, offering an authentic Western experience. Many properties are located in gated communities, adding an extra layer of security and exclusivity.
School District Quality
While Westover Hills is renowned for its appeal to celebrities and accomplished professionals, it also attracts families seeking a luxurious yet family-oriented environment. The community’s affluence ensures access to top-tier educational opportunities, even with varying district boundaries. For families relocating to the Dallas–Fort Worth metroplex, Westover Hills offers a rare combination of privacy, sophistication, and family-friendly living.
Neighborhood Comparison Table
Picking the perfect luxury neighborhood in the Dallas-Fort Worth area (DFW) involves balancing your personal preferences with key factors like home prices, school quality, property sizes, and lifestyle amenities. To simplify this decision, here’s a table that highlights important details across five standout neighborhoods:
| Neighborhood | Median Home Price | Year-Over-Year Change | Architectural Styles | School Districts | Typical Lot Sizes | Key Amenities |
|---|---|---|---|---|---|---|
| Highland Park | $4.7 million | +134% (early 2025) | Historic estates, Tudor revivals, modern homes | Highland Park ISD (top-rated) | 1–5 acres | Highland Park Village, luxury shopping/dining, proximity to cultural hubs |
| Preston Hollow | $1.93M (median); $2.23M (avg. sale) | +90% | Multi-acre estates, Craftsman bungalows, modern villas | Elite private schools | 1–5+ acres | Strait Lane "Billionaire’s Row", Northwood Club golf course, celebrity appeal |
| University Park | Not specified | Expected +5–8% (2025) | Blend of historic and modern homes | Strong academic focus | Smaller urban lots | Williams Park, SMU proximity, green spaces, family-friendly vibe |
| Westlake | $3.5–5 million (estates up to $20M+) | Not specified | Gated estates, contemporary luxury, equestrian properties | Westlake Academy, Carroll ISD | Multi-acre estates | Vaquero Country Club, Tom Fazio golf course, equestrian trails, ultimate privacy |
| Westover Hills | $2.3–4 million | Expected +8–10% (2025) | Historic 1930s estates, modern builds, natural landscapes | Access to top-tier schools | Large, irregular lots | Ridglea Country Club, Fort Worth Cultural District, lower taxes than Dallas |
This table outlines the basics, but let’s dig deeper into the unique traits and lifestyle offerings of these neighborhoods.
Highland Park stands out with the highest median home price, reflecting its reputation as Dallas’s most prestigious area. Its year-over-year growth of 134% underscores its appeal to high-end buyers. Preston Hollow, while more affordable, still boasts strong appreciation and a reputation for exclusivity, attracting notable residents. University Park, with its walkable layout and proximity to SMU, is a favorite among families looking for a community-oriented environment and steady growth potential driven by green space demand and hybrid work trends.
Westlake, known as one of the wealthiest communities in the U.S., offers a blend of privacy and luxury. With an average household income of $526,590, it features gated neighborhoods like Vaquero, which provide resort-style amenities such as a Tom Fazio golf course and equestrian trails. Meanwhile, Westover Hills brings Fort Worth’s luxury living to the table with a mix of historic and modern homes, plus a tax advantage of about 20% compared to Dallas, making it an attractive option for affluent buyers.
Architecturally, the neighborhoods offer something for everyone. Highland Park showcases stately Tudor revivals, while Westlake leans into sleek, modern designs. Lot sizes vary widely, from University Park’s compact urban lots to the sprawling estates found in Highland Park, Preston Hollow, and Westlake. School quality is consistently high, with Highland Park and University Park emphasizing top-tier public schools, and Preston Hollow and Westlake often catering to families opting for private education.
Location plays a key role in lifestyle preferences. Highland Park and University Park provide easy access to Dallas’s business districts, while Westlake offers a central position between Dallas and Fort Worth. Westover Hills, on the other hand, prioritizes scenic views and tax benefits over urban proximity. For investors, Highland Park’s 134% growth highlights its premium value, Preston Hollow presents a rising market with a lower entry point, and Westover Hills offers steady appreciation paired with financial incentives.
These insights provide a clear framework for buyers to align their lifestyle goals with their investment priorities. Whether you’re drawn to Highland Park’s prestige, Preston Hollow’s charm, or Westlake’s resort-like luxury, there’s a neighborhood that fits your vision.
Conclusion
The Dallas-Fort Worth area is home to a diverse selection of luxury neighborhoods, each offering its own unique perks. Highland Park stands out for its refined elegance and excellent schools, Preston Hollow boasts expansive estates and unmatched privacy, University Park blends academic prestige with a walkable community feel, Westlake offers exclusive privacy paired with resort-like amenities, and Westover Hills combines Western charm with a 20% tax advantage compared to Dallas neighborhoods. Together, these options cater to a wide range of preferences for investors and families alike.
When choosing your ideal neighborhood, consider what matters most to you – whether it’s being close to Dallas’ business hubs, enjoying maximum privacy with resort-style living, taking advantage of Fort Worth’s vibrant scene and lower property taxes, or living in expansive estates with access to elite private schools. These distinctive features reflect a market that continues to reward premium investments.
As of 2025, the market remains strong, with steady growth and high demand across all luxury neighborhoods. Prime properties are moving quickly, signaling excellent opportunities for luxury buyers.
For expert guidance in navigating the Dallas-Fort Worth luxury market, Tom’s Texas Realty is here to help. From identifying the perfect neighborhood to finding off-market properties, their team has the expertise to support your journey. Visit Tom’s Texas Realty (https://tomstexasrealty.com) to start exploring your options and take the first step toward your luxury relocation in DFW with confidence.
FAQs
What should I look for when choosing a luxury neighborhood in the Dallas-Fort Worth area?
When choosing a luxury neighborhood in the Dallas-Fort Worth area, it’s essential to think about what matters most to you and your lifestyle. Start by considering proximity to top-rated schools, nearby amenities like parks, dining, and shopping, and whether the area aligns with your long-term goals and preferences.
It’s also smart to evaluate the community’s safety, current property values, and potential for future appreciation. Another key decision is whether you’re drawn to the charm of an existing property or the modern features of a newly built home. Timing your purchase to fit market trends can make a big difference, too.
To simplify the process and make confident choices, partnering with an experienced Realtor can be invaluable. They’ll guide you through the details, helping you find the perfect match for your needs.
What are the school options like in luxury neighborhoods across DFW, and which areas have the best-rated schools?
The Dallas-Fort Worth area is home to several upscale neighborhoods that also happen to have some of the best schools in the region – perfect for families who place education high on their priority list. Communities like Southlake, Highland Park, and Westlake stand out for their highly-rated public and private schools. These schools offer strong academic programs, a variety of extracurricular activities, and modern facilities designed to support student success.
For families thinking about moving, these neighborhoods combine luxury living with access to top-tier educational opportunities, creating an ideal environment for a well-balanced family lifestyle.
What are the investment advantages of relocating to a luxury neighborhood in the Dallas-Fort Worth area?
Relocating to a luxury neighborhood in the Dallas-Fort Worth (DFW) area can be a smart move for both your lifestyle and financial future. These neighborhoods are known for their steady rise in property values, access to premium amenities, and proximity to some of the best schools in the region, making them highly sought after for long-term living and investment potential.
Investing in luxury real estate also opens doors to building wealth over time. If you’re thinking about making this move, consider exploring resources like retirement planning courses that focus on real estate investment. These can help you craft a solid financial strategy and ensure you’re making the most of your investment.