Texas offers a wide range of luxury homes at the $5 million price point, from sprawling ranches to modern estates in prestigious neighborhoods. Whether it’s a waterfront retreat, a custom-built contemporary home, or a historic estate, these properties showcase high-end finishes, expansive living spaces, and top-tier amenities. With Texas’ lower cost of living compared to other luxury markets, $5 million can buy an impressive home with unique features tailored for comfort, entertainment, and investment potential.
9. Austin, TX – $5,197,000
All this for $5,197,000 in Austin. This stunning 4,500 sq. ft. modern masterpiece, set for completion in 2025, features 4 bedrooms, 5 full bathrooms, and 6 total baths in the heart of Tarrytown, just minutes from downtown Austin. Designed by Dick Clark & Associates and Crabtree Design Build, the home showcases floor-to-ceiling Bonelli doors, Pella windows, white oak floors, a state-of-the-art kitchen, and seamless indoor-outdoor living with a resort-style pool, spa, outdoor kitchen, and fire pit. With a luxurious primary suite, a rooftop terrace offering panoramic downtown views, and a lower-level media room or gym with a full bar, this architectural gem defines modern luxury living.
Where is Austin?
Austin, TX, the capital of Texas, is a vibrant city known for its live music scene, tech industry, and outdoor lifestyle. Located in Central Texas, about 80 miles northeast of San Antonio and 165 miles west of Houston, Austin offers a mix of urban energy and natural beauty, with Lady Bird Lake, Zilker Park, and the scenic Hill Country nearby. With its booming economy, diverse food scene, and a culture that embraces creativity and innovation, Austin continues to be one of the fastest-growing and most desirable cities in the U.S.
Living Room
Large glass sliding doors that open to an outdoor patio and pool area. The room has a neutral color palette with a white sectional sofa, wooden furniture, and a dark blue ottoman. A built-in fireplace is integrated into the white wall, while a mounted TV and indoor plants enhance the contemporary aesthetic. The seamless indoor-outdoor transition creates an open and airy atmosphere.
Dining Room
Wooden table surrounded by elegant chairs with curved wooden frames and leather upholstery. Floor-to-ceiling glass doors allow natural light to fill the space, highlighting the neutral tones and clean lines. Abstract black-and-white artwork and matching console tables with decorative lamps complement the contemporary aesthetic. A linear pendant light fixture hangs above the table, adding a sleek and modern touch.
Bedroom
A large upholstered bed with neutral-toned bedding is positioned against a white wall with two matching mirrors. Floor-to-ceiling glass doors provide natural light and lead to a private outdoor seating area. A beige bench sits at the foot of the bed on a textured rug, complementing the light wood flooring. Dark wood nightstands with contemporary lamps contrast with the minimalist design.
Patio
An open-concept patio connects seamlessly to the interior through floor-to-ceiling glass walls. A built-in stainless steel grill is set against a dark accent wall. Wooden lounge furniture with white cushions is arranged around a coffee table on a gravel and stone surface. Floating concrete steps lead to a lower level with integrated lighting.
Source: Bridget Ramey @ Kuper Sotheby’S Int’L Realty via Coldwell Banker Realty
8. University Park – TX $5,199,000
In University Park, this is an example of what you can buy for $5,199,000. This stunning 6,052 sq. ft. Spanish Colonial custom home, built in 2024, features 5 bedrooms, 4.5 bathrooms, and exquisite luxury finishes throughout. Designed for seamless indoor-outdoor living, it boasts a private courtyard with a tiled fountain, an 11’ sliding pocket door, a chef’s kitchen with Sub Zero Wolf appliances, a butler’s pantry, and a living room with Venetian plaster ceilings and a grand Isokern Magnum 60’ fireplace. With a lavish primary suite, a sophisticated bar, a coffered ceiling dining room, a turfed side yard, and a separate casita, this home offers the perfect blend of elegance, comfort, and modern convenience.
Where is University Park?
University Park, TX, is an upscale suburban city located about 7 miles north of downtown Dallas in Dallas County. It is home to Southern Methodist University (SMU) and is known for its tree-lined streets, excellent schools, and luxurious homes. As part of the prestigious Park Cities area, along with Highland Park, University Park offers a prime location with easy access to shopping, dining, and cultural attractions in the Dallas-Fort Worth metroplex.
Dining Room
A wooden coffered ceiling adds warmth to the space. An arched window with a decorative grid design allows natural light to enter. Built-in cabinetry with frosted glass panels provides storage. A modern chandelier with multiple glass orbs hangs above a rectangular wooden dining table surrounded by plush white chairs.
Kitchen
Wooden ceiling beams contrast with white walls and cabinetry. A large central island with a marble countertop and wooden base provides workspace and seating. Stainless steel appliances, including a built-in refrigerator and double oven, are integrated into the design. Open shelving and pendant lighting contribute to the clean and modern aesthetic.
Bedroom
A white-painted vaulted ceiling adds depth and openness to the room. A large bed with geometric-patterned bedding sits atop a modern abstract rug. Dark nightstands with metallic lamps contrast with the neutral walls. A cozy sitting area with white chairs and a glass table is positioned near a bright window.
Bathroom
Freestanding bathtub is positioned near a built-in shelving unit stocked with neatly folded towels. A large glass-enclosed shower features marble-patterned walls. A wooden double vanity with gold hardware provides ample storage. A contemporary light fixture hangs from the ceiling, complementing the neutral tones.
Source: Elizabeth Wisdom, Alex Perry @ Allie Beth Allman & Assoc. via Coldwell Banker Realty
7. Heath, TX – $5,000,000
For $5,000,000, here’s what you get in Heath. This brand-new luxury estate at 9 Meadowlake Drive in Heath, TX, spans 5,997 sq. ft. and features 5 bedrooms and 5.5 bathrooms, offering an elegant blend of modern design and high-end craftsmanship. Built in 2024, the home showcases expansive living spaces, premium finishes, and seamless indoor-outdoor living, perfect for entertaining and relaxation. Located in a prestigious neighborhood, this stunning residence provides both privacy and convenience, just minutes from top-rated schools, dining, and Lake Ray Hubbard.
Where is Heath?
Heath, TX, is an affluent suburban city located in Rockwall County, about 25 miles east of downtown Dallas. Nestled along the shores of Lake Ray Hubbard, it offers a serene, upscale lifestyle with luxury homes, scenic waterfront views, and top-rated schools. With easy access to I-30 and nearby Rockwall’s shopping, dining, and entertainment, Heath provides a perfect balance of peaceful lakefront living and metropolitan convenience.
Living Room
A high vaulted ceiling with an intricate chandelier adds openness to the living space. A floor-to-ceiling stone fireplace serves as a focal point, with a mounted television above the mantel. Large arched and floor-to-ceiling windows provide natural light and views of greenery. An open floor plan connects the living room, dining area, and kitchen with a green island.
Dining Room
Rectangular wooden dining table with six upholstered chairs sits in the center of the room. Large windows provide an unobstructed view of the outdoor pool and surrounding greenery. A glass cabinet showcases decorative glassware, while a dark wooden sideboard adds storage. A geometric metal chandelier hangs above the table, complementing the modern yet warm aesthetic.
Kitchen
Large kitchen island with a marble countertop provides seating for four with leather barstools. Floor-to-ceiling green cabinetry offers storage, while a built-in stainless steel refrigerator and double oven are integrated into the design. Open wooden shelves on a stone backsplash display decorative dishware and cooking essentials. A custom wooden range hood and modern geometric light fixtures add contrast to the high ceilings.
Bathroom
Freestanding white soaking tub sits next to a built-in bathtub enclosed in marble. A glass-enclosed walk-in shower with dual showerheads is integrated into the design. Large-format marble tiles extend across the walls and built-in niches provide storage. A frosted window allows natural light while maintaining privacy.
Patio
An outdoor living space features a vaulted wood ceiling with recessed lighting and a ceiling fan. A large stone fireplace with a mounted TV provides a focal point. Wicker seating with cushions and decorative pillows surrounds a coffee table on a tiled floor. Sliding glass doors connect the space to the indoor living area with views of the pool and landscape.
Source: Rodney Holland @ Keller Williams Rockwall via Coldwell Banker Realty
6. Fort Worth, TX – $5,000,000
I’d say you get the most modest home for nearly a five million dollars in Fort Worth. This breathtaking 9,739 sq. ft. luxury estate, built in 2008, sits on the shores of Eagle Mountain Lake and offers 5 bedrooms, 6 full baths, and 3 half baths, designed for ultimate comfort and elegance. Featuring a grand entrance with stunning lake views, a lavish primary suite with dual bathrooms, heated floors, a wet bar, and a fitness room, along with a gourmet kitchen equipped with Viking appliances, this home is perfect for both relaxation and entertaining. With an infinity pool, outdoor kitchen, boat dock trolley, multiple living areas, a media room, and smart home technology, this lakeside retreat is a true masterpiece of modern luxury.
Where is Fort Worth?
Fort Worth, TX, is a vibrant city in North Texas, located about 30 miles west of Dallas and 200 miles north of Austin. Known for its deep-rooted cowboy culture, world-class museums, and thriving business scene, Fort Worth blends historic charm with modern development. As one of the fastest-growing cities in the U.S., it offers diverse entertainment, top-tier dining, and easy access to major highways, making it a prime destination for both residents and visitors.
Foyer
An entryway features a double-door entrance with wrought iron detailing and frosted glass panels. A curved staircase with wrought iron railings and wooden steps leads to the upper level. The floor has a white marble and wood inlay pattern, complementing the beige walls and decorative wall sconces. An arched opening with columns connects the foyer to a living area with coffered ceilings and large windows.
Kitchen
White distressed cabinetry with intricate molding and a large central island with granite countertops. A wrought iron chandelier hangs above the island, which is lined with four black leather barstools. A separate section of dark glass-front cabinets provides additional storage and a built-in wine fridge. Stainless steel appliances, a decorative range hood, and a mix of recessed and accent lighting complete the design.
Bedroom
A large bedroom has a custom tray ceiling with layered molding and recessed lighting. Expansive windows allow natural light to enter, with a view of the outdoors. A wooden bed frame with matching nightstands and a tufted chaise lounge complete the layout.
Bathroom
Walk-in shower has dark gray tile walls and a pebble stone floor. A vanity with a stone-textured countertop holds a green glass vessel sink. A separate toilet area includes built-in cabinetry and a urinal. A frosted glass door allows access to an exterior space.
Patio
Patio with arched openings overlooks a lake and surrounding landscape. An outdoor kitchen with a built-in stainless steel grill and stone countertops sits along the edge. A large sectional sofa with a fire pit table provides seating under a coffered ceiling with ceiling fans. The patio connects to a pool area, blending indoor and outdoor living.
Source: Johnny Williams @ Keller Williams Realty via Coldwell Banker Realty
5. Austin, TX – $4,999,999
For $4,999,999, here’s what you get in Austin. This exquisite luxury estate in Tarrytown, built in 2024, offers 4,505 sq. ft. of sophisticated living space with 4 bedrooms, 7 bathrooms, and a dedicated office, each with its own en suite bath. Designed by Brandon Architects and crafted by Matt Sitra Custom Homes, this masterpiece features Valencia hardwood floors, Jeldwen sliding doors for seamless indoor-outdoor living, a gourmet kitchen with Thermador appliances, and a state-of-the-art Lutron lighting system. The outdoor oasis includes a heated pool, spa, cabana, and half bath, making this residence the ultimate blend of elegance, comfort, and modern luxury.
Where is Austin?
Austin, Texas, is the state capital and is located in central Texas, approximately 80 miles north of San Antonio and 165 miles west of Houston. Known for its vibrant music scene, tech industry, and outdoor recreation, Austin is home to the University of Texas and major events like South by Southwest (SXSW) and Austin City Limits. The city is also characterized by its growing economy, diverse culture, and scenic spots like Lady Bird Lake and the Texas Hill Country.
Sitting Area
Black-framed glass doors leading to an outdoor balcony. A sleek wooden desk with a gray upholstered chair is positioned against a wall with abstract artwork. A curved white sofa with two matching ottomans creates a sitting area on a textured rug. Recessed lighting and a contemporary chandelier provide illumination.
Dining Area
Wooden table with eight upholstered chairs on a neutral-toned rug. The adjacent kitchen has a large island with seating, gold pendant lighting, and dark textured backsplash tiles. Floor-to-ceiling navy cabinetry provides storage, while wide-plank wood flooring extends throughout the space. A hallway with glass doors leads to an outdoor area with greenery.
Bedroom
Bedroom with vaulted ceilings, a modern black ceiling fan, and recessed lighting. A large glass sliding door leads to a private outdoor patio with seating and greenery. Neutral tones, black nightstands, and a tan leather sofa complement the wood flooring and area rug.
Patio
Covered patio features a built-in fireplace framed by a gray brick wall. The ceiling is finished with rich wood paneling, contrasting with the white tile flooring. Large sliding glass doors connect the space to the interior of the home. A minimalist outdoor seating arrangement complements the clean and modern aesthetic.
Source: Anna Lee @ Moreland Properties via Coldwell Banker Realty
4. Mt Pleasant, TX – $4,999,999
In Mt Pleasant, this is an example of what you can buy for $4,999,999. McKellar Ranch is a 415-acre cattle ranch in Mt. Pleasant, Texas, featuring a 2,958 sq. ft. owner’s home with 4 bedrooms and 4 baths, along with extensive ranching infrastructure including barns, two chicken houses, working corrals, and cross-fencing for managing livestock. The property consists of nearly 400 acres of Coastal Bermuda and Tifton 85 pastures, 15 acres of timbered hardwood, four ponds, and Hart Creek running along the eastern edge, supporting up to 450+ head of cattle. Located just two hours northeast of Dallas and 40 minutes from Texarkana, this ranch also offers recreational opportunities with nearby lakes, hunting, and access to local amenities.
Where is Mt. Pleasant?
Mt. Pleasant, Texas, is a city in Titus County, located in the northeastern part of the state, approximately 120 miles northeast of Dallas and 40 miles west of Texarkana. It serves as the county seat and is known for its agriculture, ranching, and proximity to outdoor recreational areas like Lake Bob Sandlin and Lake Cypress Springs. The region, part of Texas’ Piney Woods, offers a mix of rural charm and modern conveniences, making it a hub for both business and leisure activities.
Living Area
A vaulted wood-paneled ceiling adds character to the spacious living area. Leather seating surrounds a decorative coffee table atop a patterned rug. The open-concept kitchen in the background has wooden cabinetry, pendant lighting, and a breakfast bar with stools.
Dining Area
An open-concept layout connects the dining, kitchen, and living areas. A long wooden dining table with mixed seating styles sits in the center. The kitchen has wooden cabinetry, pendant lighting, and a breakfast bar with high-backed stools. A vaulted wood-paneled ceiling and stone fireplace enhance the cozy atmosphere.
Kitchen
Wooden cabinetry and a center island create a cohesive design. Stainless steel double ovens and a dishwasher add modern functionality. A chandelier hangs above the island, complementing the earthy tones. A large window with wooden blinds allows natural light to brighten the space.
Bedroom
Dark wooden sleigh bed with decorative carvings serves as the focal point. Matching nightstands and lamps complement the warm beige walls. A ceiling fan with wooden blades and a built-in light fixture provides illumination. A large floor mirror with a black frame leans against the wall.
Bathroom
Wooden vanity with a granite countertop houses a white undermount sink. A large mirror spans the wall, reflecting the light from a multi-bulb fixture. A window with wooden blinds allows natural light to enter. A toilet is positioned against the opposite wall, adjacent to a second vanity area.
Source: Jennifer Hageman @ Texas Ally Real Estate Group via Coldwell Banker Realty
3. Frisco, TX – $4,999,900
All this for $4,999,900 in Frisco. This 7,916 sq. ft. modern home in the prestigious Hills of Kingswood features 5 bedrooms, 8 bathrooms, and a seamless blend of cutting-edge design and comfort. Highlights include a gourmet kitchen with Gaggenau and Wolf appliances, a spacious primary suite with a freestanding tub and oversized shower, and expansive living areas with a linear fireplace and glass accordion doors for indoor-outdoor living. The resort-style backyard boasts a pool with spa, fire and water features, and the home comes with a structural, HVAC, and appliance warranty for added peace of mind.
Where is Frisco?
Frisco, Texas, is a rapidly growing city in the Dallas-Fort Worth metroplex, located approximately 25 miles north of downtown Dallas and 40 miles northeast of Fort Worth. Known for its strong economy, top-rated schools, and major sports presence, Frisco is home to the Dallas Cowboys’ training facility, the PGA of America headquarters, and multiple professional sports venues. With a mix of suburban charm and urban amenities, Frisco offers a high quality of life, making it one of the fastest-growing cities in the U.S.
Living Area
Living area features a double-height ceiling with floor-to-ceiling windows. A large gray sectional sits atop a patterned area rug, facing a sleek built-in fireplace and mounted television. A glass railing on the mezzanine level overlooks the main space. The open-concept layout connects seamlessly to a white kitchen with a long island and gold accents.
Kitchen
A sleek kitchen showcases white and black cabinetry with gold hardware. A large marble waterfall island extends to accommodate five barstools. The backsplash and countertops feature dramatic veined stone. Double ovens, a built-in refrigerator, and pendant lighting contribute to a high-end aesthetic.
Bedroom
Neutral-toned bedroom showcases a sleek black upholstered headboard extending across the wall. Pendant lights hang symmetrically on either side of the bed. Light hardwood flooring contrasts with dark furniture. A sheer curtain allows natural light to filter through a large window.
Pool
Contemporary two-story home features white stucco walls and black metal roofing. An expansive outdoor area includes a pool with built-in loungers and a raised spa. A linear fire pit with blue glass accents runs alongside the pool. Large sliding glass doors connect the covered patio to the interior living space.
Source: Milana Gutman @ Gch Team via Coldwell Banker Realty
2. Port Aransas, TX – $4,999,000
For $4,999,000, here’s what you get in Port Aransas. This 6,442 sq. ft. beachfront home in Cinnamon Shore North features 8 bedrooms, 10.5 bathrooms, and high-end amenities, including an elevator, intercom system, and laundry rooms on each floor. The third-floor main living area showcases a chef’s kitchen with commercial-grade appliances and additional freezer and fridge drawers within the island. Located near Keira’s Pool and community amenities such as a fishing pavilion, beach bonfire sites, and multiple pools, this home offers both a lucrative rental opportunity and an exceptional private retreat.
Where is Port Aransas?
Port Aransas, Texas, is a coastal city located on Mustang Island along the Gulf of Mexico, approximately 40 miles northeast of Corpus Christi. Known for its sandy beaches, fishing, and vibrant tourism industry, it is a popular destination for vacationers and outdoor enthusiasts. The city offers a mix of beachfront resorts, restaurants, and recreational activities, including boating, birdwatching, and access to the nearby Padre Island National Seashore.
Kitchen
A large kitchen features white cabinetry, black granite countertops, and stainless steel appliances. A vaulted wood ceiling with exposed beams and multiple pendant lights adds warmth. Dual islands provide ample prep space and seating. Large windows allow natural light to brighten the open-concept layout.
Bedroom
King-sized bed with a white wooden headboard is dressed in a seashell and checkered quilt. Light blue walls and nautical decor create a relaxed, beach-like atmosphere. White furniture, including a nightstand and plantation shutters, complements the color scheme. Recessed lighting and a ceiling fan enhance the bright and airy feel.
Bathroom
Vanity with marble countertops and white cabinetry provides ample storage. Large mirrors with decorative lighting enhance brightness in the space. A walk-in shower with tiled walls and a built-in niche offers a modern touch. Neutral tones and polished finishes create a refined atmosphere.
Balcony
An elevated wooden deck provides a panoramic view of the ocean and surrounding dunes. White railings and support columns contrast with the warm-toned flooring. Multiple seating areas, including cushioned Adirondack chairs and a small dining set, offer space for relaxation. The covered ceiling with recessed lighting ensures enjoyment in various weather conditions.
Source: Sarah Wilson, Marnie Pate @ Coldwell Banker Island Escapes via Coldwell Banker Realty
1. Dallas, TX – $4,900,000
All this for $4,900,000 in Dallas. This newly constructed 7,445 sq. ft. Santa Barbara Modern home in Preston Hollow features 5 bedrooms, 6 full baths, and 2 half baths, with high-end finishes and an open floor plan designed for seamless indoor-outdoor living. Luxury details include white oak hardwood floors, a walnut floating staircase, a double-sided marble and walnut fireplace, a wine room, and a private owner’s retreat with a spa-like bathroom and expansive closet. The backyard is designed for relaxation and entertainment, featuring a pool, spa, and putting green, making it an exceptional opportunity for discerning buyers.
Where is Dallas?
Dallas, Texas, is a major metropolitan city in North Texas, located approximately 200 miles north of Houston and 35 miles east of Fort Worth. Known for its strong economy, cultural attractions, and professional sports teams, Dallas is home to major corporations, world-class dining, and landmarks such as the Dallas Arts District and the historic Dealey Plaza. With a blend of urban sophistication and southern hospitality, the city offers diverse neighborhoods, excellent shopping, and a thriving arts and entertainment scene.
Living Room
A vaulted ceiling with exposed wooden beams. Large windows with black frames provide natural light and a view of an enclosed outdoor space. Neutral-toned furniture, abstract wall art, and a round coffee table create a contemporary aesthetic. Hardwood flooring and a light area rug add warmth to the open layout.
Kitchen
Contemporary design with high ceilings and exposed wooden beams. A large black dining table is surrounded by plush white chairs, while gold-accented light fixtures add a sleek touch. The kitchen showcases a marble backsplash, dark cabinetry, and two large pendant lights over a central island. A built-in bar area with open shelving provides additional storage and decorative space.
Pantry
A well-organized butler’s pantry features sleek beige cabinetry with black hardware and a tiled backsplash. Open shelving and wooden drawer accents provide additional storage and display space. A built-in dishwasher and integrated refrigerator blend seamlessly into the cabinetry. Recessed lighting and neutral tones contribute to the modern and functional design.
Pool
Private courtyard showcases a sleek swimming pool with integrated seating and a spa. The covered patio area includes a built-in fireplace, an outdoor dining set, and a built-in grill station. Large sliding doors connect the indoor living spaces to the backyard. A terracotta tile roof and white stucco walls contribute to a contemporary Mediterranean aesthetic.
Source: Sergio Manriquez, Sheila Manriquez @ Allie Beth Allman & Assoc. via Coldwell Banker Realty
