DFW's Luxurious Communities: 8 Most Expensive Suburbs of Dallas-Fort Worth (2023)

Posted by Texas Real Estate Source on Wednesday, March 2, 2022 at 2:26 PM By Texas Real Estate Source / March 2, 2022 Comment

DFW's Luxurious Communities: 8 Most Expensive Suburbs of Dallas-Fort Worth (1)

Those looking for a luxurious suburban home near the city of Dallas or the city of Forth Worth are in luck! Whether homebuyers are looking for sleek modern architecture or large estate homes, the Dallas-Fort Worth Metroplex has something to offer everyone. Keep reading to explore the most expensive suburbs of Dallas-Fort Worth, Texas.

Highland Park Amenities

  • Dallas Country Club
  • Lakeside Park
  • Highland Park Village
  • Proximity to downtown Dallas

Highland Park is a go-to for luxury homes in Dallas-Fort Worth. Even condos for sale in this highly desirable area typically start in the $800s, and condos worth over $1 million are more the norm. Homebuyers looking for a single-family home will generally see prices starting in the $2 million range, and the most upscale homes in Highland Park can easily list for over $10 million!

Homebuyers get what they pay for, however. Homes at the top end of the range often have 10,000+ square feet of living space, six bedrooms or more, and up to 10.5 bathrooms. Impeccable landscaping, palatial exteriors, luxurious interiors, and desirable amenities await those who purchase one of these residences.

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Highland Park is just north of the city of Dallas between the North Central Expressway and the Dallas North Tollway. The community, noted for its lush greenery, tree-lined streets, and higher elevation than surrounding areas, has developed a welcoming atmosphere and a high-quality lifestyle less than 15 minutes from downtown Dallas's commercial core.

Much of Highland Park contains green space. Turtle Creek flows through the area, including through the grounds of the Dallas Country Club, one of the oldest golf clubs in Texas. Residents can shop at Highland Park Village, filled with designer boutiques and high-end restaurants.

University Park

University Park Amenities

  • Southern Methodist University
  • Snider Plaza
  • Caruth Park
  • Bordered by three major highways

Together with Highland Park, University Park is sometimes known as part of Park Cities. Single-family homes in this high-end area typically start at around $1.4 million and reach $5 million or more. The median listing price for homes in University Park is usually around a hefty $2.5 million. Still, homebuyers with their eyes on one of these sprawling estates are rewarded by homes typically no smaller than 4,000 square feet, with lavish finishes, four to six bedrooms, and gorgeous exteriors.

University Park's architecture is diverse and exciting. Some homes in the area were built as early as the 1930s and still exist today with their original architectural appeal, having been well-maintained and updated. Home styles in the area run the gamut from contemporary & modern to Craftsman style to Tudor to Mediterranean; there's a home here to appeal to every taste.

Located just north of Highland Park, University Park is home to Southern Methodist University, featuring such attractions as the George W. Bush Presidential Center, the Meadows Museum showcasing art by Spanish masters, two stadiums, a performing arts center, and more. The Highland Park School District serves the Park Cities area, and multiple private schools are available, so there are plenty of educational opportunities in this city.

Snider Plaza is the place to shop. This three-block outdoor shopping center has everything from everyday necessities to specialty boutiques, and dining options include everything from elegant sit-down meals to on-the-go favorites.

Southlake Amenities

  • Southlake Town Square and other shopping centers
  • Timarron Country Club
  • Bicentennial Park
  • Proximity to DFW International Airport

Southlake is north and central between Dallas and Fort Worth, with highly convenient proximity to the airport—the drive takes no more than 10 minutes in most cases. This upscale suburb has plenty of lots and new construction homes for luxury homebuyers to build the property of their dreams.

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Single-family homes in Southlake typically start in the mid-$800s, with the crème de la crème reaching home values of $9 million and up. Some of these luxury homes come closer to looking like castles than typical suburban residences, featuring floor plans of over 10,000 square feet, five to eight bedrooms, and sometimes 10+ bathrooms. Grand-scale water features, expansive lawns, private theater rooms, and 5+ car garages are just some of the amenities homebuyers can find among Southlake homes for sale.

Shoppers will enjoy the Southlake Town Square, one of the best shopping areas in the DFW metroplex. From the City of Southlake Town Hall to high-end clothing stores and specialty retailers, this open-air shopping district is a commercial gem and the perfect place to spend the day. Take a break from window shopping at one of several parks or delicious dining establishments.

Outdoors enthusiasts will also find plenty of entertainment in Southlake. Timarron Country Club's private golf course is along Southlake's southern edge. About five miles away, the massive 8,000-acre Lake Grapevine offers full-service marinas, boat ramps and rentals, fishing, numerous parks, and more.

Trophy Club

Trophy Club Amenities

  • Trophy Club Country Club's two 18-hole golf courses
  • Access to Lake Grapevine
  • Freedom Dog Park
  • Baylor Scott & White Medical Center

With a name like Trophy Club, trophy-grade real estate is an expectation, and this suburb just north of Southlake delivers. One of the first master-planned communities in Texas, Trophy Club features 1,000+ acres of parkland, 36 holes of golf, and a wide range of real estate for its 8,000+ residents to enjoy. The club is among rolling hills, mature trees, and other serene scenery.

Homes in Trophy Club begin at the high $300s and stretch to over $1.5 million. Among the most popular homes are the golf course homes, which feature sweeping views of the fairways. Homebuyers in the luxury range can expect to find homes with 4,000+ square footage, 4+ bedrooms, and luxury finishing touches like marble floors, quartz countertops, wine rooms, and golf course views.

Golf enthusiasts aren't the only sports enthusiasts who feel right at home in this community. Trophy Club Park features mountain biking trails, equestrian trails, disc golf, some of the best ATV/Motocross trails in the DFW area, and a boat ramp on the western end of Lake Grapevine.

Trophy Club residents have easy access to State Highway 114, which leads directly to DFW International Airport. With a drive time of typically no more than 16 minutes, frequent flyers will enjoy this suburb's convenience.

Colleyville Amenities

  • Colleyville Nature Center
  • Colleyville City Park
  • Parr Park
  • Proximity to DFW International Airport

Colleyville homes may start in the mid-$400s, but those looking at luxury real estate have plenty of options to choose from, as homes in Colleyville can easily reach values in the multi-millions. Five-thousand-plus square feet is the norm in the Colleyville luxury market. Many homes in this price range are custom, featuring luxury amenities like gourmet chef's kitchens, extensive stonework, lush landscaping on large lots, and more.

The Grapevine-Colleyville Independent School District serves this peaceful suburb. It has easy access to many of the DFW Metroplex's top amenities, including the airport, Southlake Town Square, upscale spas and boutiques, sports parks, a farmers market, popular restaurants, and more. Colleyville's trail system, including the regional Cotton Belt Trail, is a popular route for jogging, hiking, and biking through the beautiful natural landscapes.

With a location near the airport and Texas State Highways 183, 121, and 114, Colleyville residents can easily get around the metroplex.


Heath Amenities

  • Lake Ray Hubbard
  • Heath Golf and Yacht Club
  • Buffalo Creek Golf Club
  • Rush Creek Yacht Club

Million-dollar homes aren't unusual in Heath, Texas, and the luxury price bracket in this suburb reaches $4 million-plus. Buyers looking for homes in Heath will discover existing and new custom houses for sale. Multiple home builders are developing Heath new construction homes, including Chesmar, Dunhill, Rendition, and Gehan. As a result of the plethora of custom homes, architectural styles in this suburb include everything from French to Mediterranean.

Luxurious amenities Heath homebuyers have access to include gated entries, privacy fences, decks, pools, outdoor living areas, and more—and that's before they even step inside. Game rooms, wine rooms, media rooms, exercise rooms, gourmet kitchens, spa-like bathrooms, and more await, with finishes like travertine and stainless steel.

Those looking for a home in Heath are often attracted to the lake homes near Lake Ray Hubbard bordering Heath to the west, and Heath waterfront homes are some of the most popular among homebuyers. Multiple sailing clubs have formed to enjoy this 22,000-acre recreational lake, and activities also include water skiing, fishing, and visiting the Rockwall Harbor entertainment district.

Heath is northeast of the city of Mesquite, directly north of the town of Forney, and about 25 miles east of downtown Dallas.

Lucas Amenities

  • Lavon Lake
  • Woodhaven Stable
  • Heritage Ranch & Golf Country Club
  • Highland Park
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Lucas is in the northeast section of the DFW area, bordered by the city of Plano, the city of Allen, and other cities in Collin County. This fast-growing suburb is approximately 30 miles north of Dallas and sits on the western shore of Lavon Lake, one of the largest lakes in North Texas.

Lucas real estate features quite a few new construction homes as the DFW metroplex continues to expand north. Most homes in the area were built no earlier than 2000. As such, they are constructed with modern amenities and updates.

Many Lucas homes for sale start in the mid-$900s, though homes at lower price points may be available. It isn't unusual for the most spectacular dwellings to list for more than $2 million, featuring large lots, private guest suites, cathedral ceilings, decked-out kitchens, high-end finishes, and other upscale amenities.

Lucas attracts outdoor enthusiasts of all kinds, as it's home to amenities for equestrians, golfers, and anglers, among others. In addition to multiple horse trails, including the nine-mile Trinity Trail, Lucas is close to multiple equestrian centers. Lake Lavon is near excellent parks and has 19 boat ramps for residents to get out on the water. Popular activities on the lake include boating, fishing, camping, and more.


Westlake Amenities

  • Vaquero Club
  • Westlake Academy
  • Deloitte University Leadership Center
  • Cinemark Roanoke and XD

Last but by no means least, in the master-planned suburb of Westlake, million-dollar homes can be considered "on the low end"—the median listing price for this prestigious area is around the $3 million mark! Typically starting at around $1 million, Westlake homes can reach prices as lofty as $12 million in some cases. These prices may not be a surprise, though, given that it's just across the highway from Trophy Club and shares a border with Southlake, two other communities on this list. Westlake is home to gorgeous gated communities, such as the Quail Hollow neighborhood and Vaquero neighborhood. And despite the home prices, Westlake actually has some of the lowest property taxes in the DFW area!

Ranging from Italian-inspired elegance to ultra-modern dwellings, homebuyers will find many delightful features in Westlake luxury homes, including custom floor plans anywhere between 5,000 and 10,000 square feet, large lots—some up to 10 acres—private ponds, vaulted ceilings, guest houses, in-home spas, luxurious outdoor living spaces, and more.

One of the most popular attractions in Westlake is the Vaquero Club, a private golf and country club where members and their guests can enjoy a game of golf, luxuriate in an on-site spa, go fishing, play tennis, attend community events, and more. Westlake has several golf course homes overlooking the course.

Many luxurious suburbs in the Dallas-Fort Worth area would be a perfect place to call home. Whether homebuyers moving to DFW are looking for a community with world-class amenities or one tucked away in a scenic location, they're sure to find what they're looking for here in North Texas. Homebuyers in the market for a luxury home should check out some of these amazing options while house-hunting.

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Ready to find your dream Dallas-Fort Worth home?Reach out to The RealFX Group at (512) 956-7390 to contact an experienced local real estate agent and discover your new Dallas-Fort Worth home today.


What is the most expensive suburb in DFW? ›

1. Highland Park. Highland Park is the richest neighborhood in Dallas. Located just north of downtown, this affluent neighborhood is the epitome of luxury living.

What is the most expensive neighborhood in Fort Worth? ›

Highland Park is most expensive neighborhood in all of Texas. Fort Worth Star-Telegram.

What are the most expensive homes in the Dallas area? ›

The Dallas market has its fair share of high-priced luxury homes, but the $43 million Volk Estates on 6915 Baltimore Drive currently stands on top as the most expensive listing in the entire DFW metroplex.


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2. Top 10 Best Suburbs to Live in the Dallas Fort Worth 2022
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4. DFW Housing Market Forecast 2023
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5. Top 10 Best Suburbs to Buy a House in the Dallas-Fort Worth Area 2022
(The DFW Homeowner)
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(Wolters World)


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