An analysis of the Dallas-Fort Worth-Arlington metropolitan area through Zillow Home Value Index data reveals a diverse luxury real estate landscape spanning six different cities. Within the metro’s 1,522 neighborhoods, the top ten most expensive areas demonstrate remarkable variety in both location and character, from urban developments to suburban enclaves.
Southlake emerges as a dominant force in the luxury market, claiming four of the top ten spots with its exclusive residential developments. The presence of Fort Worth’s prestigious neighborhoods alongside Plano’s and Frisco’s premium communities illustrates the geographic breadth of DFW’s high-end real estate market.
The price appreciation patterns tell an intriguing story of market dynamics. While suburban locations like Coventry Manor have seen explosive growth of over 111% in the past decade, the urban Arts District maintains the highest absolute values despite more modest recent appreciation. This suggests a maturing luxury market with different growth trajectories for established and emerging premium locations.
The data also highlights the metro area’s robust development activity, with several top-tier neighborhoods lacking 2014 data points, indicating their relatively recent emergence as luxury destinations. The presence of both established and newer communities in the rankings demonstrates DFW’s continued evolution as a major luxury real estate market.
1. Shoal Creek – Plano
Anchoring the entry point to DFW’s most exclusive neighborhoods, Shoal Creek in Plano demonstrates impressive long-term appreciation. From its 2014 valuation of $823,717, the neighborhood saw steady growth to $899,761 in 2019 before surging to $1,564,147 in 2024. This trajectory represents a robust 73.8% five-year growth rate and an 89.9% ten-year appreciation, highlighting the increasing desirability of Plano’s premium communities.
About Shoal Creek
Shoal Creek is known for its luxurious homes and diverse architectural styles, including Mediterranean villas and French chateaux. The area is surrounded by tree-lined streets and lush green spaces, creating a serene and upscale environment. Residents enjoy convenient access to high-end shopping and dining, such as Preston Park Village and the Shops at Legacy. Its location near major highways ensures easy connectivity to the broader metropolitan area.
Where is it?
Shoal Creek is located in Plano, situated in the northern part of the metropolitan area. It is positioned near major highways, providing convenient access to shopping, dining, and entertainment options. The area is characterized by its tree-lined streets and proximity to local parks and recreational facilities. Its location offers a blend of suburban tranquility and connectivity to urban conveniences.
2. Chapel Creek – Frisco
This established Frisco enclave showcases the steady appreciation characteristic of the city’s luxury developments. Starting at $990,946 in 2014, values increased modestly to $1,029,640 in 2019 before accelerating to $1,641,261 in 2024. While its 59.4% five-year and 65.6% ten-year growth rates are more modest compared to some peers, they reflect the stable nature of Frisco’s high-end market.
About Chapel Creek
Chapel Creek is known for its diverse housing options, including modern single-family homes and charming cottages. The area features amenities such as parks, walking trails, and a resort-style pool, promoting an active and community-focused lifestyle. Convenient access to major highways ensures easy connectivity to surrounding regions and urban centers. It is also served by well-regarded schools, making it a desirable place for families.
Where is it?
Chapel Creek is situated in Fort Worth, positioned near major roadways for easy access to surrounding areas. It is located close to schools, shopping centers, and local dining options, making it convenient for residents. The area is known for its quiet streets and proximity to outdoor recreational spaces.
3. Montserrat – Fort Worth
Fort Worth’s exclusive Montserrat neighborhood exemplifies the city’s emergence in the luxury market. Beginning at $914,459 in 2014, values climbed to $1,046,293 in 2019 before reaching $1,643,084 in 2024. This progression shows a strong 57% five-year growth rate and 79.7% ten-year appreciation, demonstrating Fort Worth’s growing appeal to luxury buyers.
About Montserrat
Montserrat is an exclusive gated community featuring luxury custom-built homes with spacious living areas and high-end finishes. Residents enjoy amenities such as a community clubhouse, pool, sport court, and two parks, all set within meticulously landscaped surroundings. The area offers a serene environment with breathtaking 150-foot cliffs overlooking Mary’s Creek, providing a tranquil retreat from urban life. Additionally, Montserrat provides 24-hour guarded entrance, ensuring privacy and security for its residents.
Where is it?
Montserrat is located in Fort Worth, nestled in the rolling hills of the western part of the city. The area is known for its elevated position, offering stunning views of the surrounding landscapes. It is conveniently situated near major highways, providing easy access to shopping, dining, and entertainment options. The location also ensures a sense of seclusion and tranquility, enhanced by the community’s natural beauty and secure gated entry.
4. Carillon – Southlake
Among Southlake’s premier communities, Carillon has demonstrated exceptional recent appreciation. While 2014 data isn’t available, the neighborhood’s surge from $941,659 in 2019 to $1,683,077 in 2024 represents a market-leading 78.7% five-year growth rate, highlighting Southlake’s dominant position in DFW’s luxury segment.
About Carillon
Carillon is a master-planned community featuring French Renaissance architecture, combining residential, shopping, and office spaces among greenbelts, lakes, and an amenity center. The area offers two distinct residential districts: the Village District, with villa-style homes overlooking the Village Green, and the Chateaux District, featuring estate-sized lots with views of Lake Carillon. Residents enjoy ample greenspace, walking paths, and proximity to parks and trails along Grapevine Lake. The community’s design encourages a villa-like atmosphere, fostering a sense of close-knit living among its residents.
Where is it?
Carillon is located in Southlake, conveniently positioned near major highways for easy connectivity to nearby cities and amenities. The area is close to premier shopping and dining destinations, including Southlake Town Square. Its location combines accessibility with a serene residential atmosphere, making it a desirable place to live.
5. Coventry Manor – Southlake
This Southlake enclave stands out for its remarkable long-term appreciation. From $826,340 in 2014, values grew to $982,983 in 2019 before soaring to $1,748,965 in 2024. This represents an impressive 77.9% five-year growth rate and leads all neighborhoods with a stunning 111.7% ten-year appreciation, showcasing Southlake’s sustained appeal to luxury buyers.
About Coventry Manor
Coventry Manor is an upscale community featuring expansive homes built between 1996 and 2000, with sizes ranging from approximately 4,000 to over 9,300 square feet. The area offers amenities such as a greenbelt, park with a playground, walking and biking paths, and two private ponds with water features. Home prices typically range from $1,050,000 to $1,875,000, reflecting the luxurious nature of the residences. Additionally, the community is governed by a homeowners association, with dues averaging around $80 per month.
Where is it?
Coventry Manor is located in Southlake, nestled near major thoroughfares that provide convenient access to nearby cities and amenities. The area is known for its spacious estates and tranquil environment, offering residents a blend of privacy and accessibility. It is situated close to shopping and dining options, including Southlake Town Square, which enhances its appeal. The location also provides proximity to highly rated schools, making it an attractive choice for families.
6. Whispering Farms – Prosper
Representing Prosper’s emergence in the luxury market, Whispering Farms commands attention with its 2024 valuation of $1,841,644. While historical comparisons aren’t possible due to unavailable data from 2014 and 2019, the current pricing positions this development firmly among DFW’s most desirable locations and highlights Prosper’s growing prominence in the luxury segment.
About Whispering Farms
Whispering Farms is a serene community featuring expansive homes on one-acre lots, developed with an emphasis on space and luxury. Residents enjoy access to Frontier Park, with splash pads, playgrounds, and athletic fields, as well as nearby Gentle Creek Golf Club. The area is enhanced by Town Lake Park, which includes a 27-acre fishing lake and trails for kayaking, canoeing, and other outdoor activities. Local industries include a mix of manufacturing and services, contributing to the area’s steady growth and appeal.
Where is it?
Whispering Farms is located in Prosper, situated near major highways that ensure easy access to surrounding areas and amenities. The community is close to Frontier Park, offering recreational facilities like splash pads, athletic fields, and trails for outdoor activities. Its location combines peaceful surroundings with convenient proximity to shopping, dining, and entertainment options.
7. Riverhills – Fort Worth
Fort Worth’s prestigious Riverhills neighborhood demonstrates the city’s strength in the luxury market. From its 2019 value of $1,237,233, the area has seen significant appreciation to reach $1,848,908 in 2024, representing a solid 49.4% five-year growth rate. While 2014 data isn’t available, the current values reflect Fort Worth’s ability to command premium prices.
About Riverhills
Riverhills is a master-planned community featuring estate homes with diverse architectural styles, including French, Colonial, Tudor, Mediterranean, and Craftsman designs. Residents enjoy community lawns and gathering spaces, fostering a close-knit atmosphere. The area is part of the historic Edwards Ranch, offering scenic views and a blend of natural beauty with modern living. Nearby amenities include The Shops at Clearfork, providing shopping, dining, and entertainment options.
Where is it?
Riverhills is located in Fort Worth, nestled in the historic Edwards Ranch area. It offers scenic views and a blend of natural beauty with modern living, enhanced by its proximity to parks and green spaces. The community is conveniently situated near major roadways, providing easy access to shopping and dining destinations such as The Shops at Clearfork. Its location balances a serene environment with the convenience of nearby urban amenities.
8. Estes Park – Southlake
This established Southlake community showcases the city’s enduring appeal to luxury buyers. Beginning at $969,103 in 2014, values increased to $1,080,173 in 2019 before reaching $1,907,278 in 2024. This trajectory shows an impressive 76.6% five-year growth rate and 96.8% ten-year appreciation, reinforcing Southlake’s position in the luxury market.
About Estes Park
Estes Park is a master-planned community established between 2005 and 2011, featuring expansive single-family homes with four or more bedrooms. The area offers approximately two and a half miles of jogging trails that weave through 15 acres of green space, including a private lake, promoting an active lifestyle. Homes in this community are competitively priced, with recent listings around $1,975,000, reflecting the area’s desirability. Additionally, the community is served by the Carroll Independent School District, known for its excellent educational standards.
Where is it?
Estes Park is located in Southlake, positioned near major roadways for convenient access to surrounding areas. The area is close to Southlake Town Square, offering premier shopping, dining, and entertainment options. Its location provides a peaceful residential atmosphere while being near top-rated schools and urban amenities.
9. Shady Oaks – Southlake
Southlake’s Shady Oaks neighborhood exemplifies the city’s premium real estate offerings. While 2014 data isn’t available, the area’s progression from $1,174,461 in 2019 to $2,055,276 in 2024 represents a remarkable 75% five-year appreciation, making it one of only two neighborhoods in the analysis to cross the $2 million threshold.
About Shady Oaks
Shady Oaks is a residential area featuring a variety of housing options, including single-family homes and townhomes, catering to diverse lifestyles. The community offers amenities such as playgrounds and green spaces, fostering a family-friendly environment. Local industries include manufacturing and industrial supply companies, contributing to the area’s economic diversity. Additionally, the presence of homeowners associations helps maintain community standards and organizes events for residents.
Where is it?
Shady Oaks is located in Southlake, set in a serene area with convenient access to major highways for easy connectivity to nearby cities. It is positioned close to Southlake Town Square, providing residents with a variety of shopping, dining, and entertainment options. The area is surrounded by natural beauty, with parks and green spaces offering recreational opportunities. Its location also ensures proximity to highly rated schools, making it a desirable place for families.
10. Arts District – Dallas
Leading all DFW neighborhoods in value, Dallas’s Arts District represents the pinnacle of urban luxury living in the metroplex. From its 2019 value of $2,306,608, the district has appreciated to $2,758,144 in 2024. While its 19.6% five-year growth rate is more modest than its suburban counterparts, the absolute values remain unmatched, cementing the Arts District’s position as DFW’s most valuable neighborhood.
About Arts District
The Arts District is the largest contiguous arts district in the country, covering 19 blocks and 68 acres. It houses world-class cultural landmarks such as a renowned art museum, a sculpture center, and a symphony center. The area features a central green space that serves as a hub for outdoor events and connects to nearby districts. Additionally, it boasts a vibrant culinary scene with a variety of restaurants and cafes, complementing its rich cultural offerings.
Where is it?
The Arts District is located in the heart of the city, spanning a vibrant area filled with cultural landmarks and institutions. It is bordered by major roadways and offers easy access to nearby neighborhoods and downtown amenities. The district is home to renowned venues like a major art museum, a sculpture center, and a symphony hall, making it a cultural hub. Its central location also connects to a nearby park that serves as a community gathering space and links to additional urban attractions.
