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The True Cost of Owning a Luxury Home in Argyle

  • Writer: Nitin Gupta, CRS, REALTOR
    Nitin Gupta, CRS, REALTOR
  • Jul 17
  • 2 min read

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Summary: Beyond the list price, luxury buyers must understand the full cost of ownership—including taxes, utilities, HOA fees, and upkeep. In Argyle, these costs remain reasonable compared to other luxury markets, but it’s important to plan ahead.



Many high-net-worth buyers relocating to Argyle from states like California, Illinois, or Massachusetts are pleasantly surprised by the affordability of high-end homes. Still, even in Texas, the costs of luxury ownership go beyond the mortgage.



Here’s a detailed breakdown of the typical expenses associated with owning a luxury home in Argyle in 2025:



1. Property Taxes

  • Average rate: ~2.2%

  • On a $2M home, expect $44,000 annually

  • Some homes in MUD or PID districts may have additional assessments



2. HOA Dues

  • Range from $1,200 to $3,000+ per year depending on amenities and services

  • Gated communities and those with lifestyle directors may charge more



3. Utilities & Maintenance

  • Monthly utilities: $350–$600 (varies with square footage, landscaping, and usage)

  • Pool maintenance: $150–$300/month

  • Lawn care and irrigation: $200–$400/month

  • Annual upkeep and repairs: ~$10K–$20K for homes over 5,000 sq ft



4. Home Insurance

  • Premiums range from $3,000–$7,500 annually depending on value and coverage levels

  • Flood and umbrella policies may be required for certain properties



5. Luxury Upgrades & Features

  • Solar panels, smart home automation, and high-end appliances often add to maintenance and replacement costs over time

  • Expect long-term ownership to include regular luxury-level upkeep



Estimated Annual Ownership Cost Table (for a $2M Home):

Expense Category

Annual Cost Estimate

Property Tax

$44,000

HOA Dues

$2,500

Utilities

$6,000

Maintenance & Landscaping

$12,000

Insurance

$5,500

Total

$70,000



Owning a luxury home in Argyle is still far more affordable than similar estates in California or the Northeast, where income taxes and premiums increase ownership costs significantly.



Get a full financial picture before you buy—Nitin Gupta, CRS, GRI, REALTOR®, can walk you through every hidden cost of luxury ownership: https://www.nitinguptadfw.com/contact



Call us at 469-269-6541 for more information about Argyle real estate!


FIND A LUXURY HOME IN ARGYLE, TEXAS WITH NITIN GUPTA, BROKER ASSOCIATE, REALTOR®.


When purchasing a luxury home in Argyle, Texas, it’s essential to consider factors such as location, architectural style, security, and amenities to ensure the home meets both lifestyle and investment needs. By selecting a property in a prestigious neighborhood with numerous amenities and security measures, buyers can ensure they’re making a valuable and rewarding investment in the vibrant Argyle market.


For those looking to invest in luxury homes in Argyle, Texas, Nitin Gupta is an expert real estate professional ready to assist. Known for his extensive experience, market insights, and numerous awards, he is committed to finding his clients the best properties in the area.


Contact Nitin Gupta at 469-269-6541 or send a message today to explore exclusive listings and secure your ideal luxury residence in one of Argyle’s elite communities.



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