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Top 8 Expensive Neighborhoods in Dallas: Where Luxury Lives in Dallas

  • Writer: Nitin Gupta, CRS, REALTOR
    Nitin Gupta, CRS, REALTOR
  • May 4
  • 4 min read




Dallas has long been a magnet for wealth, success, and high-end living. But when it comes to true luxury—defined by privacy, architecture, prestige, and price—only a handful of neighborhoods truly stand out. If you’re looking for elite real estate in the heart of North Texas, here are the top 8 most expensive neighborhoods in Dallas where luxury is not just expected—it’s the standard.


1. Highland Park

Median Price: $3.5M+Price Per Sq. Ft.: $800–$1,500

Why It Tops the List:Highland Park is the undisputed king of Dallas luxury real estate. Known for its historic mansions, elite private schools, and walkability to upscale shopping at Highland Park Village, it’s where old money and new success collide. With tree-lined streets, tight zoning laws, and a deep sense of tradition, Highland Park remains the gold standard for prestige.

Who Lives Here: CEOs, pro athletes, legacy families, and top-tier professionals.


2. University Park

Median Price: $2.8M+Price Per Sq. Ft.: $650–$1,100

Why It’s Exclusive:Adjacent to Highland Park and part of the coveted Highland Park ISD, University Park blends academic charm with refined residential living. The neighborhood is home to stately homes, SMU’s beautiful campus, and a tight-knit community that values education, safety, and lifestyle.

Who Lives Here: Affluent families, university affiliates, and buyers looking for timeless homes in a top-tier school district.


3. Preston Hollow

Median Price: $2.5M+Price Per Sq. Ft.: $550–$950

What Makes It Unique:Located just north of downtown Dallas, Preston Hollow offers estate-sized lots, gated compounds, and a history of housing Dallas’s most powerful. From sprawling Mediterranean villas to cutting-edge contemporary builds, this area is a favorite for those who prioritize privacy, land, and architectural grandeur.

Who Lives Here: Politicians, philanthropists, and high-net-worth individuals—including former President George W. Bush.


4. Bluffview

Median Price: $2.3M+Price Per Sq. Ft.: $500–$900

Why It’s in Demand:Bluffview offers a landscape unlike any other in Dallas—rolling hills, dramatic elevation changes, and lush creeks that break up the typical grid. Here, custom homes are carved into the terrain, giving each property a distinctive look and feel. The neighborhood is tucked away, yet just minutes from downtown and Love Field.

Who Lives Here: Architects, creatives, and those who want exclusivity without flash.


5. Greenway Parks

Median Price: $2.0M+Price Per Sq. Ft.: $550–$850

The Hidden Gem:Greenway Parks is a historic district with timeless appeal. Known for its architectural preservation and central parkways, this quiet neighborhood is intentionally designed for walkability and beauty. It’s small, private, and highly sought-after by buyers who want character, not just square footage.

Who Lives Here: Established professionals, designers, and owners who appreciate tradition and tranquility.


6. Lakewood

Median Price: $1.8M+Price Per Sq. Ft.: $450–$700

Lifestyle-Driven Luxury:Lakewood offers luxury with a view—specifically, views of White Rock Lake. With access to trails, parks, and the Lakewood Country Club, this neighborhood attracts those who want both elegance and an active lifestyle. Homes range from charming Tudors to modern custom builds.

Who Lives Here: Families, executives, and anyone who values nature and neighborhood character.


7. Turtle Creek/Uptown High-Rises

Median Price (Luxury Condos): $1.5M–$5M+Price Per Sq. Ft.: $600–$1,200

The Vertical Elite:For those who prefer lock-and-leave luxury, Turtle Creek and Uptown offer some of Dallas’s most expensive high-rise living. Penthouses with skyline views, concierge service, and private elevators are the norm. It's luxury living with convenience and vibrancy right outside your door.

Who Lives Here: International buyers, empty nesters, high-level executives, and those seeking refined urban living.


8. Devonshire

Median Price: $1.7M+Price Per Sq. Ft.: $500–$750

A Rising Star in Luxury Living:Devonshire sits quietly between Highland Park and Bluffview. Known for its walkability to Inwood Village and close proximity to Dallas Love Field, this neighborhood offers luxury in a more low-key, residential setting. With new construction blending in with classic architecture, it’s becoming a top pick for modern families.

Who Lives Here: Young luxury buyers, entrepreneurs, and professionals seeking an upscale but relaxed lifestyle.


Why These Neighborhoods Command Top Dollar

The highest-priced neighborhoods in Dallas share a few key traits:

  • Location: Close to downtown, major highways, private schools, and business districts

  • Exclusivity: Limited inventory, strong HOA or zoning control, and privacy

  • Design Quality: Custom-built homes with top-tier finishes, architecture, and landscaping

  • Amenities: Access to top schools, golf courses, private clubs, and shopping districts

  • Resale Value: Historically strong appreciation and buyer demand


Work With a Dallas Luxury Expert

If you’re considering a move into one of Dallas’s most prestigious neighborhoods, expert representation matters. Navigating off-market opportunities, builder reputations, and price trends requires experience and insight.


Nitin Gupta, Broker Associate, REALTOR®, is a trusted name in Dallas luxury real estate. With over 21 years of local experience, a deep understanding of these elite enclaves, and credentials including Certified Residential Specialist (CRS) and Graduate, REALTOR® Institute (GRI), Nitin brings both strategy and white-glove service to high-end buyers.


Final Thoughts

From the timeless estates of Highland Park to the rising prestige of Devonshire, Dallas offers a diverse and dynamic luxury housing market. Whether you're searching for tradition, exclusivity, modern architecture, or walkable elegance, there’s a high-end neighborhood in Dallas that fits your lifestyle and goals.

When you're ready to elevate your standard of living, Nitin Gupta is here to help you find the perfect home in the city’s most elite addresses.


Interested in buying or selling in University Park? Let’s connect at 469-269-6541 and explore the best opportunities in this premier neighborhood!




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


When purchasing a luxury home in University Park, 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 University Park market.


For those looking to invest in luxury homes in University Park, 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 University Park’s elite communities.




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