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Reserve of Southlake is a neighborhood of roughly 25 custom estates in north Southlake, Texas, 76092, Tarrant County, on Carruth Lane, Bur Oak Drive and Live Oak Lane. Homes were built from about 2007 through 2016 on lots that start at a full acre and reach beyond two, with recorded parcels from 43,603 to 93,482 square feet. The homes are among the largest in the city, from roughly 5,200 to 8,900 square feet, and recent activity has run from the $3 millions into the $5 millions. Listing records note no special taxing entities, meaning no MUD or PID assessment on top of standard taxes. It is served by Carroll ISD. Nitin Gupta, CRS, GRI, CLHMS, ALHS, 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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The top of the Southlake market, and the numbers show it

Recent transactions and listings here sit well above the rest of the city's neighborhoods. A 6,955-square-foot home on Carruth Lane, remodeled in 2021, listed at $3,745,000, about $538 per square foot, and sold in December 2025. A 6,430-square-foot home on Live Oak Lane went pending at $3,350,000. A 7,764-square-foot home on Live Oak Lane has been offered at $5,000,000. Average price per square foot across current listings has run near $582.

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Recorded sales include homes at 8,887 and 8,222 square feet on Bur Oak Drive and a 5,192-square-foot home, all on roughly acre lots. Published summaries citing a median sale near $1,955,000 reflect earlier transactions and understate the current market considerably. With about 25 homes and sales that are infrequent and highly individual, price a specific property from the closest matches rather than any neighborhood average. For a current read, contact Nitin or start with the home value analysis.

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Lot sizes vary by more than double

Appraisal records show lots from 43,603 square feet, almost exactly one acre, up to 93,482 square feet, well over two. Most sit near an acre, but the spread at the top end is significant, and on an estate property the land is a meaningful share of the value. Confirm the recorded acreage and the plat for the specific address rather than relying on the neighborhood description, and ask what adjoins the rear boundary.

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The neighborhood is still finishing

Homes here date from 2007 through 2016, and a vacant acre lot on Bur Oak Drive sold as land in June 2024. That means new construction can still occur next to an existing home, and it means build years vary widely across a small neighborhood. Ask which lots remain unbuilt, what the architectural guidelines require, and what is planned on any parcel near the home you are considering. It also means a 2007 home and a 2016 home sit on the same street, with different systems and finish expectations, so comparable selection has to account for build year alongside size.

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No MUD or PID, and taxes are still substantial

Listing records for this subdivision note no special taxing entities, which means no municipal utility district or public improvement district assessment on top of the standard tax bill. That is worth confirming for the specific address, and it is a genuine advantage against newer master-planned communities elsewhere in the metroplex that carry those charges.

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Standard taxes at this price level are still a major line item: recorded unexempt taxes on one home here run about $38,254 a year, roughly $3,200 a month before principal, interest, insurance and dues. Because taxes follow the appraised value rather than the seller's basis, a purchase can trigger a reassessment above what the seller was paying. Confirm the assessed value, exemptions and combined rate with the Tarrant Appraisal District. Read the MUD vs. PID guide for how those assessments work elsewhere.

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The HOA

The neighborhood is governed by HOA of Reserve of Southlake, Inc., a property owners association registered in Southlake, Tarrant County. Listing records show annual dues in a range of roughly $1,150 to $1,600, with one record showing about $133 a month. Request the current assessment, what it covers, the architectural guidelines, recent budgets and the reserve position before making an offer, particularly given that construction may still be occurring in the neighborhood. Read about the Texas HOA resale certificate and what it discloses.

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Schools: Carroll ISD

The neighborhood 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, and the district operates more than one chain of elementary, intermediate and middle campuses. That means "Carroll ISD" on a listing does not tell you which schools a child will attend before high school. Confirm the assigned campuses for the exact address with the district before you write an offer. Learn more about Carroll ISD schools and compare districts with the DFW school district ratings guide.

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What to check on an estate of this size

At 5,000 to 8,900 square feet, every system is duplicated several times over: multiple HVAC units, extensive roof area, long plumbing runs, complex electrical, plus pool, spa and outdoor kitchen equipment. Homes from 2007 through the early 2010s are reaching first replacements on some of those components, while later builds are not, so the answer differs by house. Add foundation performance, windows, irrigation across an acre, drainage and grading, and tree health near the structure. On a custom home, ask who built it, what has been modified and whether permits were pulled. Learn about the Texas option period.

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Location

Reserve of Southlake sits in north Southlake, a short drive from Southlake Town Square for shopping and dining, with SH 114 carrying most traffic and the entrance to DFW International Airport nearby. Westlake, Trophy Club, Grapevine and Keller are all close, and both downtown Dallas and downtown Fort Worth are reachable. Drive your own commute at the hours you would travel before committing.

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Comparing Reserve of Southlake with other options

At this price point the comparison set is small. The Enclave offers about ten estates on acre lots, Lakes of La Paloma is gated with waterfront lots, and Clariden Ranch and Laurelwood Park offer acre-plus land at lower price points. Carillon Parc offers new custom construction on smaller lots in a walkable setting. Buyers at this level often also look at Westlake. See the DFW communities directory.

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Selling a home in Reserve of Southlake

The buyer pool at $3 million and up is small, frequently relocating executives or buyers trading within the metroplex, and almost always represented. Marketing has to reach that audience directly rather than rely on portal traffic, and the presentation has to make the land, the build quality and any renovation legible. With infrequent sales and wide variation in size, build year and lot, comparable selection is most of the pricing work, and an older neighborhood median will mislead badly. Expect a longer marketing period than a conventional Southlake listing. See the seller marketing plan and seller services.

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Reserve of Southlake FAQs

How many homes are in Reserve of Southlake, and how big are the lots?

About 25 custom estates, on lots from roughly one acre up to more than two, with recorded parcels from 43,603 to 93,482 square feet.

When were the homes built, and how big are they?

From about 2007 through 2016, with recorded sizes from roughly 5,192 to 8,887 square feet. A vacant acre lot sold as land in June 2024, so construction may still be occurring.

What do homes cost in Reserve of Southlake?

Recent activity includes a 6,955-square-foot home listed at $3,745,000 that sold in December 2025, a 6,430-square-foot home pending at $3,350,000, and a 7,764-square-foot home offered at $5,000,000, with average price per square foot near $582. Older figures citing a median near $1,955,000 understate the current market.

Is there a MUD or PID?

Listing records for the subdivision note no special taxing entities, meaning no MUD or PID assessment on top of standard taxes. Confirm for the specific address with the appraisal district.

What are the HOA dues?

Listing records show roughly $1,150 to $1,600 a year through HOA of Reserve of Southlake, Inc., with one record showing about $133 a month. Request the current assessment, inclusions, architectural guidelines and reserves.

What school district serves Reserve of Southlake?

Carroll ISD. Because the district operates more than one chain of elementary, intermediate and middle campuses, confirm the assigned campuses for the exact address rather than relying on the district name alone.

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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, CLHMS and ALHS, 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 Reserve of Southlake is on your list, tell Nitin your target timing, the square footage and acreage you need, whether you want a finished estate or a lot to build on, and your price range, and he will tell you what actually trades at this level and which comparable Southlake and Westlake estates belong on the same tour.

Updated September 2026.