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Monticello, recorded as the Monticello Addition and marketed as Monticello Estates, is a neighborhood of roughly 220 homes in southwest Southlake, Texas, 76092, south of West Continental Boulevard. Homes were built largely between 1992 and 2000 on lots typically running a third to three-quarters of an acre, with green areas and ponds through the neighborhood. Streets include Ashlawn Drive, Independence Parkway, Huntington Court, Carriage Court and Kingsbury Way. It is served by Carroll ISD, and the association is described as active, running neighborhood events. 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.

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What homes cost

Current listings have run from about $1,635,000 for a 4,669-square-foot home built in 1996 to $2,600,000 for a 5,776-square-foot home built in 1998, with a 5,114-square-foot home at $2,495,000 and larger properties reaching higher, including one at $4,195,000. Median list prices have been reported around $2.3 to $2.5 million, at roughly $390 to $426 per square foot, against a reported median near $2.09 million and $329 per square foot in mid-2025.

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That trajectory matters. Descriptions still circulating that put Monticello homes "starting from the upper $800,000s" reflect a market that no longer exists and will set a buyer's expectations badly wrong. Price a specific home from recent comparable sales inside the neighborhood, adjusted for size, lot and condition. For a current read, use the home value analysis or contact Nitin.

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Check the subdivision field before you use any comparable

Portal searches for "Monticello Estates" in Southlake routinely return homes from entirely different subdivisions, including Chimney Hill Addition, Lake Crest Addition, Southlake Woods Addition and Airpark Estates. Those are separate neighborhoods with different lot sizes, build years and price points.

Before using any listing or sale as a comparable, confirm the subdivision field reads Monticello Addition and the address sits on one of the neighborhood's streets. In a 220-home neighborhood with a wide size range, the wrong comparable can move a valuation by several hundred thousand dollars in either direction.

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Schools: Carroll ISD

Monticello is served by Carroll ISD. Carroll runs a multi-campus progression, an elementary campus, then an intermediate campus, then a middle school, then a ninth and tenth grade high school, and finally Carroll Senior High for eleventh and twelfth grade, which surprises buyers relocating from districts with a conventional structure. Confirm the specific assigned campuses for the address with the district before you write an offer, since a neighborhood of this size can span more than one elementary zone. Learn more about Carroll ISD schools and compare districts with the DFW school district ratings guide.

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The HOA

The association here is described as proactive, sponsoring neighborhood activities, which is worth something in a community of this size. Published dues figures for Monticello are not consistently available, so treat any number you find online as unverified. Before making an offer, request the current assessment and billing schedule, what it covers, the architectural guidelines governing exterior changes, recent budgets and the reserve position directly from the association or management company. In a neighborhood maintaining green areas and ponds, those common elements carry ongoing costs worth understanding. Read about the Texas HOA resale certificate and what it discloses.

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Lot size varies by more than double

Recorded lots here run from about 0.33 acre to 0.75, with current listings at 0.36, 0.39, 0.42 and 0.45 acre. That is a wide spread inside one neighborhood, and on a street where homes are similar in age and size, lot size and position become a primary price variable. Ask for the lot dimensions and what backs the property, and treat a three-quarter-acre home and a third-acre home as different products even at identical square footage.

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What to check on a 1990s home

Homes built between 1992 and 2000 at 4,500 square feet and up are now past one replacement cycle on most major systems. Roof, multiple HVAC units, water heaters, windows, foundation performance and pool equipment deserve close attention, along with the age and quality of any renovation, which carries most of the price difference between similar homes in a neighborhood of this vintage. On larger lots with mature landscaping, add irrigation coverage, drainage and grading, and tree health near the structure. 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.

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Location

Monticello sits in southwest Southlake south of West Continental Boulevard, a short drive from Southlake Town Square for shopping and dining, with Southlake Boulevard and SH 114 carrying most traffic and the entrance to DFW International Airport nearby. Keller, Colleyville, Grapevine and Westlake are all close. Drive your own commute at the hours you would travel before committing.

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Comparing Monticello with other Southlake neighborhoods

At this size and vintage, Monticello competes with Coventry Manor and Cambridge Place, both late-1990s neighborhoods on half-acre lots, and with Kirkwood Hollow, which offers a full amenity package at higher dues. Buyers who want newer construction look at Estes Park or Miracle Point, and buyers who want acre-plus land look at Laurelwood Park, Loch Meadow Estates or Clariden Ranch. Monticello's advantages are neighborhood scale, an active association and lot sizes that reach three-quarters of an acre. See the DFW communities directory.

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Selling a home in Monticello

With roughly 220 homes, there is usually something on the market, so buyers compare directly and condition decides outcomes. Pricing should work from sales inside the Monticello Addition specifically, adjusted for lot size and renovation level, rather than from a portal search that mixes in neighboring subdivisions. Buyers will ask what the association does and what it costs, so have the documents ready. See the seller marketing plan and seller services, or learn about landlord leasing services if you plan to rent the home out.

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Monticello FAQs

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

About 220 homes in southwest Southlake, built largely between 1992 and 2000, on lots typically a third to three-quarters of an acre.

What do homes cost in Monticello?

Current listings have run from about $1,635,000 for 4,669 square feet to $2,600,000 for 5,776 square feet, with larger properties reaching higher. Median list prices have been reported around $2.3 to $2.5 million at roughly $390 to $426 per square foot. Descriptions citing the upper $800,000s are out of date.

What school district serves Monticello?

Carroll ISD, with Carroll's elementary, intermediate, middle, ninth and tenth grade and senior high progression. Confirm the assigned campuses for the exact address with the district, since a neighborhood this size can span more than one elementary zone.

What are the HOA dues?

Published figures are not consistently available. The association is described as active and sponsors neighborhood events. Request the current assessment, inclusions, architectural guidelines, budgets and reserves directly from the association before making an offer.

Why do search results for Monticello Estates show other neighborhoods?

Portal searches routinely return homes from Chimney Hill, Lake Crest, Southlake Woods and Airpark Estates under the Monticello Estates heading. Confirm the subdivision field reads Monticello Addition before using a listing or sale as a comparable.

Is it Monticello or Monticello Estates?

Both names refer to the same neighborhood. County and MLS records generally read Monticello Addition, while agent sites and listings often use Monticello Estates.

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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.

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If Monticello is on your list, tell Nitin your target move date, the square footage and lot size you need, your commute and your price range, and he will tell you what is realistic here now and which comparable Southlake neighborhoods belong on the same tour.

Updated September 2026.