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Cambridge Place, Southlake TX: Homes, Carroll ISD Schools, HOA and Prices
 

Cambridge Place is a neighborhood of roughly 145 to 153 homes on about 100 acres in east Southlake, Texas, in the 76092 ZIP code in Tarrant County, just north of Continental Boulevard and east of South Carroll Avenue. Homes were built largely between 1997 and 2002 and generally run from about 3,500 to 6,500 square feet on lots from roughly a third of an acre to nine tenths, with most around half an acre. Architecture leans traditional and European, often brick and stone, with game rooms, media rooms and studies in most homes and four-car garages in several. It is zoned to Carroll ISD, sits minutes from Southlake Town Square and about ten minutes from the DFW Airport entrance. Nitin Gupta, CRS, GRI, CLHMS, Broker Associate with Competitive Edge Realty, represents buyers and sellers here and across Southlake. Call 469-269-6541 or contact Nitin to start with a conversation.
 

Schools: Carroll ISD, and how the campus progression works

Cambridge Place is served by Carroll ISD, with published sources placing the neighborhood at Old Union Elementary feeding into Eubanks Intermediate. Carroll ISD uses a multi-campus progression that surprises buyers relocating from districts with a conventional elementary, middle and high school structure: students move through an elementary campus, then an intermediate campus, then a middle school, then a ninth and tenth grade high school campus, and finally Carroll Senior High School for eleventh and twelfth grade. Plan for the whole sequence rather than just the first campus. Confirm the current assignment for the exact address with the district before you write an offer, since boundaries shift. Learn more about Carroll ISD schools and compare districts with the DFW school district ratings guide.
 

The HOA

The neighborhood is governed by Cambridge Place Homeowners Association, Inc., a property owners association registered in Southlake, Tarrant County, 76092, and it maintains its own community website. Before making an offer, request the current annual assessment and billing schedule, what it covers, the architectural guidelines governing exterior changes, recent budgets and the reserve position. In a neighborhood of roughly 150 homes, common area and entry maintenance divides across relatively few owners, so reserves matter more than they would in a large master-planned community. Read about the Texas HOA resale certificate and what it discloses.
 

What homes cost

Recent activity puts this neighborhood well above the ranges that older write-ups describe. A 3,642-square-foot home on Derby Court was listed at $1,449,900, and homes in the neighborhood reach past 6,300 square feet, with a 6,303-square-foot property on Sussex Court among the larger examples. Descriptions still circulating that put Cambridge Place in the mid $800,000s to just over $1 million reflect an earlier market and should not be used as a benchmark. Within the current range, price turns on size, lot, and the age and quality of updates on homes now roughly twenty-five years old. For a current read on a specific home, use the home value analysis or contact Nitin.
 

Location: Town Square and the airport

Two things define the location. Southlake Town Square, the city's shopping, dining and civic center, is minutes away, which is the main reason buyers choose east Southlake over neighborhoods further out. And the entrance to DFW International Airport is roughly ten minutes away, which matters for the executives and frequent travelers this part of the metroplex attracts. SH 114 and Southlake Boulevard carry most traffic, with Grapevine, Colleyville and Keller nearby and Lake Grapevine to the southeast. Drive your own commute at the hours you would travel before committing.
 

What to check on a home of this vintage

Homes built between 1997 and 2002 are now at the point where first-round replacements come due. Roof, multiple HVAC systems, water heaters, windows, foundation performance and pool equipment deserve close attention, along with the age and quality of any renovation, which is where most of the price difference between two similar homes comes from. On half-acre lots with mature landscaping, add irrigation coverage, drainage and grading, and tree health near the foundation. The seller's disclosure covers only what the seller knows, so the inspection period is where the real information comes from. Learn about the Texas option period.
 

Make sure you have the right Cambridge Place

There is also a Cambridge Place at Preston Trail in far North Dallas, a guard-gated custom home community of 121 homes near Campbell and Preston Roads bordering Preston Trail Golf Club. It is a different neighborhood in a different city with a different school district. If you find a price, a school list or a sold comparable online, confirm which one it refers to before drawing any conclusion.
 

Comparing Cambridge Place with other Southlake neighborhoods

Southlake has dozens of distinct subdivisions at very different price points and lot sizes, including Timarron, Clariden Ranch, Carillon, Kirkwood Hollow, Coventry Manor, Monticello and Southlake Woods. Cambridge Place sits among the closer-in options, with half-acre lots and late-1990s to early-2000s construction near Town Square rather than acreage further from the center. Buyers comparing across cities often also look at Westlake, Colleyville, Grapevine and Trophy Club. See the DFW communities directory.
 

Selling a home in Cambridge Place

With roughly 150 homes built in a five-year window, buyers compare directly and renovation quality decides outcomes. Pricing works from recent sales inside the neighborhood, adjusted for size, lot and updates, rather than from a Southlake-wide average that spans everything from townhomes to multi-acre estates. Buyers will ask about the HOA assessment, what it covers and the school assignment, so have those answers ready before going live. See the seller marketing plan and seller services, or learn about landlord leasing services if you plan to rent the home out.
 

Cambridge Place FAQs

How many homes are in Cambridge Place, and when were they built?

Published sources put the neighborhood at roughly 145 to 153 homes across about 100 acres, built largely between 1997 and 2002, generally from about 3,500 to 6,500 square feet.

How big are the lots?

From roughly a third of an acre to about nine tenths, with most around half an acre, which is larger than newer construction at comparable prices elsewhere in the metroplex.

What school district serves Cambridge Place?

Carroll ISD, with published sources placing the neighborhood at Old Union Elementary feeding into Eubanks Intermediate, then continuing through middle school, a ninth and tenth grade campus and Carroll Senior High School. Confirm the current assignment for the exact address with the district.

What is the HOA in Cambridge Place?

Cambridge Place Homeowners Association, Inc., a property owners association in Southlake, Tarrant County, with its own community website. Request the current assessment, what it covers, the architectural guidelines, budgets and reserves before making an offer.

What do homes cost in Cambridge Place?

Recent activity has included a 3,642-square-foot home listed at $1,449,900. Older descriptions quoting the mid $800,000s to just over $1 million reflect an earlier market. Price a specific home from recent comparable sales.

Where exactly is Cambridge Place?

In east Southlake, just north of Continental Boulevard and east of South Carroll Avenue, minutes from Southlake Town Square and about ten minutes from the DFW International Airport entrance.
 

Work With Nitin Gupta in Southlake

Nitin Gupta is a Broker Associate with Competitive Edge Realty with 480+ closed DFW transactions, 13 professional designations including CRS, GRI and CLHMS, and D Magazine Best REALTOR® recognition in 2020, 2023 and 2024. He serves clients in English, Hindi, Punjabi, Urdu and Gujarati. Read client reviews, watch home tours on his YouTube channel, or call 469-269-6541.
 

If you are considering Cambridge Place, tell Nitin your target move date, the size and lot you need, your commute and your price range, and he will tell you what is realistic in this neighborhood right now and which nearby Southlake subdivisions are worth seeing alongside it.