The Wealthiest Neighborhoods in Dallas-Fort Worth
- Nitin Gupta, CRS, REALTOR
- Sep 1, 2024
- 7 min read
Updated: 2 days ago
Dallas-Fort Worth (DFW) is a sprawling metroplex known for its thriving economy, diverse culture, and luxurious living options. Within this vast area, several neighborhoods stand out for their affluence, exclusivity, and high-end amenities. These wealthy neighborhoods attract celebrities, business magnates, and those seeking a luxurious lifestyle. Here’s a look at the wealthiest neighborhoods in Dallas-Fort Worth, each offering its unique blend of opulence and charm.
1. Highland Park
Overview: Highland Park is arguably the most prestigious and wealthiest neighborhood in Dallas. Known for its historic mansions, tree-lined streets, and impeccable landscaping, Highland Park exudes old-world charm and modern luxury.
Why It's Wealthy: Home to some of Dallas’s most expensive real estate, Highland Park offers expansive estates with high price tags. The neighborhood is favored by business tycoons, celebrities, and professionals due to its prime location near downtown Dallas and the Park Cities.
Notable Features: Highland Park Village, a premier shopping destination, and numerous parks, including Lakeside Park with its beautiful walking trails and duck ponds, contribute to the area's desirability.
2. University Park
Overview: Adjacent to Highland Park, University Park is part of the Park Cities and is equally known for its wealth and prestige. This neighborhood is home to Southern Methodist University (SMU), giving it a vibrant, collegiate atmosphere.
Why It's Wealthy: University Park features some of the metroplex’s most luxurious homes, with architectural styles ranging from classic Georgian to modern contemporary. The area's top-rated schools, well-maintained parks, and proximity to downtown Dallas make it a prime location for affluent families.
Notable Features: The community offers beautiful parks, such as Curtis Park and Goar Park, as well as easy access to cultural attractions like the George W. Bush Presidential Center.
3. Frisco
Overview: Frisco is one of the fastest-growing and most upscale suburbs in North Texas, known for its master-planned communities, modern luxury homes, and high-end amenities. With a blend of new construction estates, resort-style neighborhoods, and nationally recognized schools, Frisco offers a contemporary luxury lifestyle that appeals to affluent relocating families and high-income professionals. Its rapid development, pristine infrastructure, and elevated suburban living make it one of the most desirable addresses in the Dallas-Fort Worth metro.
Why It’s Wealthy: Frisco consistently ranks among the highest-income cities in the U.S., with a median household income well above national averages. Luxury communities like The Fields, The Star District, Starwood, Newman Village, Chapel Creek, and The Grove showcase multimillion-dollar estates built by top luxury and custom builders. High-earning professionals from tech, finance, healthcare, and corporate relocation pipelines are drawn to Frisco for its strong job market, corporate headquarters, and high-end lifestyle offerings. The combination of wealth, new development, and exclusive amenities makes Frisco a modern hub for luxury living.
Notable Features: Frisco’s desirability comes from its blend of upscale living, entertainment, and community programming. Key highlights include:
The Star in Frisco, the 91-acre Dallas Cowboys headquarters and entertainment district
Stonebriar Centre and Frisco Station, offering high-end dining, luxury retail, and entertainment
PGA Frisco, home to championship golf courses, Omni PGA Resort, and future major golf tournaments
Newman Village & Chapel Creek, two of the most prestigious luxury communities in North Texas
Exceptional parks and trail systems, including Frisco Commons and the Cottonwood Creek Greenbelt
Prosper
Prosper is one of the fastest-growing luxury suburbs in North Texas, known for its expansive newer estates, master-planned communities, and a lifestyle centered around space, privacy, and high-end living. With its wide-open landscapes, excellent schools, and upscale residential developments, Prosper appeals to affluent buyers who want modern luxury without sacrificing peace and quiet. The town blends a refined suburban atmosphere with a small-town feel, making it a top choice for families, professionals, and relocation buyers seeking elevated living.
Why It’s Wealthy: Prosper has quickly become a North Texas wealth hub due to its large luxury homes, premium master-planned neighborhoods, and strong demand from high-income households relocating from across the country. Many of Prosper’s homes sit on oversized lots or estate-sized parcels, giving residents the privacy and scale that wealthier buyers value. The area attracts executives, professionals, athletes, and entrepreneurs who appreciate Prosper’s blend of high-quality construction, rising property values, and proximity to the booming economic centers of Frisco and Plano.
Prosper’s luxury housing market continues to appreciate rapidly, fueled by top-tier schools, new infrastructure, and its reputation as one of the safest and most desirable suburbs in Collin and Denton counties.
Notable Features: Prosper is home to several award-winning, luxury-focused master-planned communities, including Windsong Ranch, known for its crystal lagoon and resort-style amenities, Star Trail with its elegant architecture and premier builders, and Lakes at Legacy offering scenic views and modern upscale homes. The town also features highly rated Prosper ISD schools, miles of trails, parks, and brand-new retail and dining destinations that cater to affluent suburban lifestyles.
Preston Hollow
Overview: Preston Hollow is another highly affluent neighborhood in Dallas, known for its sprawling estates, gated communities, and high-profile residents, including former President George W. Bush.
Why It's Wealthy: The neighborhood is characterized by large lots, mature trees, and some of Dallas's most luxurious homes. Preston Hollow’s central location, near the Dallas North Tollway and major shopping areas, makes it a popular choice among Dallas's elite.
Notable Features: The neighborhood is home to the private Preston Hollow Park, upscale dining options, and proximity to NorthPark Center, one of the top shopping destinations in the region.
6. Southlake
Overview: Southlake is a suburban city located northwest of Dallas, known for its wealth, excellent schools, and master-planned communities. It offers a blend of suburban tranquility with easy access to urban amenities.
Why It's Wealthy: Southlake’s wealth is reflected in its luxurious homes, many of which are custom-built on large lots with high-end finishes and amenities. The town’s commitment to quality living, top-rated schools, and a strong sense of community contribute to its affluent status.
Notable Features: Southlake Town Square, a popular shopping and dining destination, along with an extensive network of parks and trails, adds to the area’s appeal for high-income families.
7. Westlake
Overview: Westlake is a small, exclusive community located between Dallas and Fort Worth, known for its luxurious homes, private estates, and exceptional quality of life.
Why It's Wealthy: With some of the most expensive real estate in the metroplex, Westlake is home to CEOs, professional athletes, and celebrities. The community's gated neighborhoods, large estates, and proximity to prestigious private schools like Westlake Academy make it a top choice for the affluent.
Notable Features: The Vaquero Club, a private golf club and residential community, is a major draw for high-net-worth individuals seeking privacy and exclusivity.
8. Trophy Club
Overview: Trophy Club is a master-planned community located near Westlake and Southlake, known for its luxurious homes, country club lifestyle, and strong sense of community.
Why It's Wealthy: The neighborhood offers a range of high-end properties, including custom-built homes and luxury townhomes. Its proximity to top-rated schools and the Dallas-Fort Worth International Airport makes it a desirable location for affluent professionals and families.
Notable Features: Trophy Club features the Trophy Club Country Club, multiple golf courses, and an extensive network of parks and recreational facilities.
9. Colleyville
Overview: Colleyville is an upscale suburb located in the Mid-Cities area between Dallas and Fort Worth, known for its affluent population, spacious homes, and excellent schools.
Why It's Wealthy: The neighborhood’s wealth is evident in its luxurious homes, often set on large, beautifully landscaped lots. Colleyville’s close-knit community feel, high quality of life, and convenient access to both Dallas and Fort Worth make it a popular choice among the wealthy.
Notable Features: Colleyville offers numerous parks, a variety of dining and shopping options, and is known for its low crime rates and family-friendly atmosphere.
10. Plano
Plano boasts some of the most stunning luxury homes in the Dallas-Fort Worth Metroplex. Whether you’re drawn to modern architecture, sprawling estates, or custom-built masterpieces, Plano’s neighborhoods cater to discerning tastes.
Top Luxury Communities in Plano include:
Willow Bend: Known for its expansive estates, golf-course views, and exclusive privacy, Willow Bend is a haven for luxury homebuyers.
Kings Gate: A gated community offering exquisite homes, manicured landscapes, and a sense of exclusivity.
Shoal Creek: This prestigious neighborhood combines lush green spaces with high-end custom homes.
Normandy Estates: A mix of European-inspired architecture and modern luxury, perfect for those who appreciate unique design.
Homes in these communities often feature high-end finishes, resort-style pools, smart home technology, and proximity to top amenities.
Conclusion
The Dallas-Fort Worth metroplex is home to some of the wealthiest neighborhoods in Texas, each offering unique amenities, luxury homes, and an exceptional quality of life. Whether you prefer the historic charm of Highland Park, the suburban tranquility of Southlake, or the exclusive privacy of Westlake, DFW has a luxury neighborhood to suit every taste and lifestyle. Explore these top neighborhoods and discover why they are considered the most affluent and desirable places to live in Dallas-Fort Worth.
Please call us at 469-269-6541 for more details about luxury communities in DFW and available homes!
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As a Top Real Estate Professional in Southlake, I understand the challenges that arise when buying a new construction home. There are over 100 builders in the DFW area. I work with most of the new home builders in Southlake and understand how various builders operate. I am familiar with the options they offer, current incentives and I frequently visit the upcoming communities they are building. I guide my clients through all steps of the new home construction process and aggressively protect their interests in the transaction.
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Whether you are a first time buyer in Southlake looking to buy a home in DFW or whether you are relocating to Southlake from California or moving your entire family from areas like San Francisco, Fremont, Palo Alto, Los Angeles, San Diego in California due to job transfer with your company, I can help you find a new construction home in Southlake. Our relocation team eases the transition - whether you are moving across town or across the globe. We will work with you to find an area that best suits your professional, family and lifestyle needs. We have all the tools you need to help your home search. Whether it is video previews of homes, extended work hours, digital signatures for documents or more, we can make this process as comfortable as possible no matter where you are located.
What is most important to you in your new construction home in Southlake? Send us an email at info@NitinGuptaDFW.com or give us a call at (469) 269-6541 to schedule a no obligation consultation. We’ll give you honest advice about Southlake community that you can use to help make your home buying decision.
