Top 10 Neighborhoods for Luxury Homes in DFW

Meghan Thrasher
Apr 16
3 min read

Explore the most prestigious communities in the Dallas-Fort Worth Metroplex

The Dallas-Fort Worth Metroplex is no stranger to luxury. With a vibrant mix of urban sophistication, sprawling estates, and historic charm, DFW offers some of the most desirable and upscale living options in the country. Whether you’re dreaming of a gated golf community or a designer-built modern estate, this region has something extraordinary to offer. Here’s a look at ten of the top neighborhoods for luxury homes in DFW.

1. Highland Park (Dallas)

A name synonymous with prestige, Highland Park offers tree-lined streets, luxury shopping at Highland Park Village, and some of the finest public schools in Texas. Homes here blend timeless architecture with state-of-the-art amenities.

🛍️ Nearby perks: Highland Park Village, Turtle Creek, Southern Methodist University

💡 Why buyers love it: Classic elegance, walkability, and close proximity to Downtown Dallas.

2. University Park (Dallas)

Right next to Highland Park, University Park is a coveted area known for its stunning traditional homes and strong sense of community. It’s home to the esteemed Highland Park ISD and surrounds parts of SMU.

🏡 Style: Colonial, Tudor, and new-build luxury estates

🎓 Who it’s great for: Families who value top-tier education and a community vibe

3. Preston Hollow (North Dallas)

If privacy and space are your priorities, Preston Hollow is your dream destination. Known for its large estates, this neighborhood has been home to notable figures, including former President George W. Bush.

🌳 What to expect: Gated mansions, winding streets, and mature oak trees

📍 Location advantage: Easy access to top private schools and major highways

4. Westlake

Tucked between Southlake and Trophy Club, Westlake is a tranquil and exclusive enclave. It boasts luxury gated communities like Vaquero Club, where homes come with concierge-level amenities and championship golf.

⛳ Attractions: Vaquero Golf Club, elite private schools like Westlake Academy

🏞️ Perfect for: Buyers seeking ultra-exclusive, resort-style living

5. Southlake

Southlake combines upscale living with a family-friendly atmosphere. With beautifully planned communities and top-ranked schools, it’s a favorite among professionals relocating to the DFW area.

🏫 Schools: Carroll ISD, one of the highest-rated districts in Texas

🛒 Extras: Southlake Town Square for high-end shopping and dining

6. Colleyville

Nestled between Grapevine and Southlake, Colleyville offers a serene suburban feel with estate-sized lots and luxurious custom builds. The city blends charm with sophistication.

🏘️ Home types: Mediterranean villas, Texas modern estates

🎯 Why it’s ideal: Easy airport access and a slower-paced, elegant lifestyle

7. Frisco – Newman Village & Starwood

Frisco has emerged as one of the fastest-growing cities in Texas, and within it, communities like Newman Village and Starwood deliver upscale living with all the modern conveniences.

💎 Why luxury buyers choose it: Gated access, community events, and proximity to The Star, Legacy West, and PGA Frisco

🏙️ Vibe: Energetic, modern, and family-oriented

8. Lakewood (East Dallas)

For those who love architectural charm and scenic beauty, Lakewood near White Rock Lake is a treasure. Think stunning historic estates with character and unbeatable views.

🌅 Best for: Nature lovers who don’t want to compromise on luxury

🚲 Bonus points: Walkability to trails, parks, and top-rated Lakewood Elementary

9. Trophy Club

Known for its country club living and peaceful surroundings, Trophy Club offers luxury homes in a beautifully planned community centered around a championship golf course.

🏌️ Home features: Golf-course views, gated neighborhoods, modern layouts

🎯 Good fit for: Retirees and professionals who want space, privacy, and perks

10. Fort Worth – Rivercrest & Tanglewood

Fort Worth is often overshadowed by Dallas in luxury conversations, but neighborhoods like Rivercrest and Tanglewood prove it’s a hidden gem. You’ll find sprawling estates with history, personality, and access to elite private schools.

🏛️ Atmosphere: Old-money charm with modern elegance

🎨 Nearby: Cultural District, Fort Worth Zoo, and TCU

Final Thoughts

The DFW Metroplex is vast—but when it comes to luxury, it offers intimate and vibrant communities that cater to every lifestyle. Whether you’re looking for a historical estate, sleek modern construction, or a golf course view, these top neighborhoods deliver high-end real estate experiences with charm, comfort, and convenience.

If you’re ready to tour luxury homes in any of these neighborhoods or need guidance finding the right fit for your lifestyle, contact Lori Flaherty today. With local expertise and a passion for exceptional service, Lori is here to help you find your perfect luxury home in DFW.