The 10 Most Expensive Homes for Sale in Dallas and the Park Cities 2026
Dallas-area luxury real estate includes historic estates on sprawling grounds, newly built architectural showpieces, and high-rise residences with asking prices in the eight figures.
At the top of the market, the differences are substantial. A buyer could spend nearly $15 million on a downtown condominium, more than $30 million on a Highland Park estate, or $64 million on a historic Preston Hollow property.
As of November 12, 2026, the highest-priced home identified in our review was the Crespi Estate at 5619 Walnut Hill Lane, listed for $64 million. The second-highest asking price was $37.5 million.
For this roundup, we reviewed luxury residential listings in Dallas and the neighboring Park Cities municipalities of Highland Park and University Park. We included single-family homes and condominiums, then ranked the properties by asking price.
Prices and availability reflect the listings reviewed on November 12, 2026. These are asking prices, not completed sale prices, and they can change.
Key Takeaways
- The highest-priced property in our Dallas-area review was the Crespi Estate at 5619 Walnut Hill Lane, asking $64 million.
- Highland Park accounts for three of the ten highest-priced listings identified, including a $31.95 million home at 4400 Belfort Place.
- Preston Hollow remains a major concentration of luxury listings, particularly along Walnut Hill Lane, Strait Lane, and Park Lane.
- The properties range from a historic 1938 estate to newly built custom homes and a luxury condominium in the Dallas Arts District.
- Asking prices don’t establish final sale prices. Buyers should also evaluate property taxes, insurance, maintenance, and comparable sales.
What Are the Most Expensive Homes for Sale in Dallas and the Park Cities?
The following properties had the highest asking prices identified in our November 12, 2026, review.
| Rank | Property | Location | Asking price |
|---|---|---|---|
| 1 | 5619 Walnut Hill Lane | Dallas | $64,000,000 |
| 2 | 5547 Walnut Hill Lane | Dallas | $37,500,000 |
| 3 | 4400 Belfort Place | Highland Park | $31,950,000 |
| 4 | 10010 Strait Lane | Dallas | $23,895,000 |
| 5 | 5205 Park Lane | Dallas | $17,750,000 |
| 6 | 3736 Potomac Avenue | Highland Park | $17,500,000 |
| 7 | 4401 Arcady Avenue | Highland Park | $15,995,000 |
| 8 | 5531 Walnut Hill Lane | Dallas | $14,997,000 |
| 9 | 1747 Leonard Street, Unit 2801 | Dallas | $14,900,000 |
| 10 | 5923 Park Lane | Dallas | $14,500,000 |
Methodology: The ranking covers residential listings identified in Dallas, Highland Park, and University Park. Properties are ordered by advertised asking price. Condominiums are included; vacant land, multifamily investment properties, and pending sales are excluded.
Highland Park and University Park are separate municipalities, but both are part of the Park Cities area within the broader Dallas housing market.
No University Park property entered the top ten at the asking prices identified in this review.
The list is a snapshot of publicly advertised inventory. It doesn’t include every privately marketed or off-market property, and the order may change as listings are added, sold, or repriced.
1. 5619 Walnut Hill Lane — $64 Million
Dallas | 10 bedrooms | 27,092 square feet | Approximately 15.7 acres
The Crespi Estate is the most expensive home in this roundup, with an asking price of $64 million.
Built in 1938, the French-style estate was designed by architect Maurice Fatio for Italian businessman Pio Crespi.
Its scale is unusual even among Dallas’ largest luxury properties.
The listing describes a ballroom, Art Deco bar, two wine cellars, conservatory, and a library imported from France.
The primary suite alone reportedly occupies approximately 3,000 square feet.
Later additions and renovations include work associated with architect Peter Marino, as well as a guesthouse and a separate entertainment pavilion with a 19-seat theater.
Outside, the property offers a swimming pool, tennis and bocce courts, gardens, greenhouses, and a heliport.
The offering includes adjacent parcels that bring the total land area to approximately 15.7 acres.
That combination of acreage, architecture, and historical significance distinguishes the property from more typical luxury listings.
The property’s 2025 property tax bill was approximately $802,565, illustrating how ownership costs can extend well beyond the purchase price.
Still, the $64 million price is what the seller is asking. It isn’t evidence of a completed sale at that amount.
View 5619 Walnut Hill Lane on Movoto.
2. 5547 Walnut Hill Lane — $37.5 Million
Dallas | 6 bedrooms | 13,800 square feet | Approximately 2 acres
Known as Casa de Ondas, this recently completed home offers a different interpretation of Dallas luxury.
The property is located within Crespi Estate, an exclusive gated community of four residences in Preston Hollow.
Rather than relying on historical architecture, the property emphasizes contemporary design, expansive glass, and a strong connection between interior and outdoor spaces.
The residence was completed in 2025 and is associated with international architecture firm SAOTA.
Its most recognizable feature is a sculptural, wave-like roof.
Inside, the listing describes extensive entertaining areas, a temperature-controlled wine cellar, a second bar, and an underground speakeasy.
A golf simulator overlooks a collector-car garage through switchable privacy glass.
Outdoor features include a swimming pool and spa, sports courts, covered terraces, and landscaped grounds.
The primary suite includes an indoor-outdoor shower, while a dedicated wellness area offers a gym, sauna, steam room, and massage room.
The property was originally listed at $45 million in August 2026. Its asking price was reduced to $37.5 million in November.
That price change is a reminder that even architecturally distinctive homes aren’t immune to negotiation and changing market conditions.
View 5547 Walnut Hill Lane on Movoto.
3. 4400 Belfort Place — $31.95 Million
Highland Park | 6 bedrooms per MLS | 14,434 square feet | Approximately 1 acre
At $31.95 million, 4400 Belfort Place is the highest-priced Highland Park property identified in this roundup.
Completed in 2022, the Spanish Colonial-style residence occupies approximately one acre near Armstrong Parkway.
The home was designed by architect Larry Boerder, with interiors by Margaret Chambers and landscaping by Harold Leidner, according to the listing.
Its exterior features limestone and handcrafted cedar gates at two entrances.
Inside, the property includes vaulted architectural details, custom stonework, decorative lighting, and multiple staircases.
The MLS identifies six bedrooms, seven full bathrooms, and four half bathrooms. However, the listing’s written description refers to a five-bedroom residence, so buyers should confirm the bedroom configuration.
A basement and extensive entertaining areas add to the home’s amenities.
Outside, the property includes a heated pool, cabana, covered terraces, and landscaped grounds.
The combination of a large lot and relatively recent construction is especially notable in Highland Park, where established residential development limits the supply of large building sites.
The property’s asking-price history also provides context.
It was listed for $34.5 million in June 2025, withdrawn in May 2026, and relisted for $31.95 million on October 3, 2026.
That represents a $2.55 million difference between the earlier and current asking prices, or approximately 7.4%.
The property’s reported 2025 property tax bill was $269,979.
For buyers, those figures illustrate two important considerations: asking prices can change significantly, and annual ownership expenses can be substantial even before insurance and maintenance.
View 4400 Belfort Place on Movoto.
4. 10010 Strait Lane — $23.895 Million
Dallas | 7 bedrooms | 16,684 square feet | Approximately 2.2 acres
Strait Lane is one of Preston Hollow’s best-known luxury residential corridors.
At 10010 Strait Lane, a newly completed home combines extensive living space with entertainment facilities and a substantial garage.
Built in 2026, the residence features large windows, high ceilings, and a kitchen equipped for both everyday cooking and larger gatherings.
The listing describes a separate catering kitchen, wellness spaces, golf simulator, theater, and multiple terraces.
One distinctive feature is the approximately 4,181-square-foot air-conditioned garage, designed to accommodate ten vehicles.
The outdoor areas include a negative-edge pool, spa, covered entertaining spaces, and mature trees.
The property sits alongside Bachman Creek.
The asking price was reduced from approximately $25 million to $23.895 million in September 2026.
For buyers comparing properties at this level, the size and design of specialized spaces can matter as much as the bedroom count.
View 10010 Strait Lane on Movoto.
5. 5205 Park Lane — $17.75 Million
Dallas | 4 bedrooms | 11,331 square feet | Approximately 2.3 acres
This Preston Hollow estate takes a more traditional architectural approach.
Built in 2000, the home was designed by Richard Drummond Davis Architects, with landscape design attributed to Naud Burnett.
The property includes limestone finishes, walnut detailing, and architectural elements sourced from Europe.
Inside, the listing highlights a paneled library, formal dining room, large kitchen, and climate-controlled wine room capable of holding more than 5,000 bottles.
The primary suite includes a sitting area, dressing room, and balcony overlooking the grounds.
Outside, the property features mature trees, landscaped garden areas, a pool, and a cabana.
With four bedrooms across more than 11,000 square feet, the home devotes substantial space to entertaining and private living areas rather than maximizing bedroom count.
That layout may appeal to a different buyer than a similarly priced home designed around a larger number of bedroom suites.
View 5205 Park Lane on Movoto.
6. 3736 Potomac Avenue — $17.5 Million
Highland Park | 7 bedrooms | 10,914 square feet | Approximately 0.4 acres
3736 Potomac Avenue is a Colonial-inspired custom home in Highland Park, listed for $17.5 million.
Built in 2020, the property was designed by Will Snyder of Boerder-Snyder Architects and constructed by Ventura Custom Homes, according to the listing.
Its architecture emphasizes traditional proportions, refined finishes, and large windows.
The approximately 10,900-square-foot home includes seven bedrooms, seven full bathrooms, and one half bathroom.
Interior features include multiple staircases, paneled architectural details, hardwood flooring, and a kitchen designed for substantial entertaining.
The listing also highlights a fitness room and integrated home technology.
Outside, the property includes a landscaped backyard, covered entertaining areas, and a resort-style swimming pool.
Unlike the largest Preston Hollow estates, this home occupies less than half an acre.
That difference illustrates the importance of location in luxury pricing.
Buyers may be willing to pay a premium for a relatively new, large custom home in an established Highland Park neighborhood, even when the lot is much smaller than those of similarly priced properties elsewhere.
Find 3736 Potomac Avenue in Movoto’s Highland Park listings.
7. 4401 Arcady Avenue — $15.995 Million
Highland Park | 6 bedrooms | 8,643 square feet | Approximately 0.31 acres
Another Highland Park property, 4401 Arcady Avenue is listed at $15.995 million.
The residence is a newly built 2026 home with six bedrooms, seven full bathrooms, and one half bathroom.
Its architecture combines traditional design with contemporary construction and technology.
The listing describes a concrete stucco exterior, clay tile roof, and pier-and-beam foundation.
Inside, the home includes custom finishes, a large kitchen, built-in appliances, and multiple living and entertaining areas.
The property occupies approximately 0.31 acres.
At roughly $1,851 per square foot, its asking price is considerably higher on a square-footage basis than several larger Preston Hollow estates.
That doesn’t automatically mean the property is overpriced.
Land availability, location, construction quality, and buyer preferences can all influence the price per square foot.
But it does show why luxury homes shouldn’t be compared solely by size.
View 4401 Arcady Avenue on Movoto.
8. 5531 Walnut Hill Lane — $14.997 Million
Dallas | 5 bedrooms | 11,997 square feet | Approximately 1.9 acres
Another property within the gated Crespi Estate community, 5531 Walnut Hill Lane was completed in 2025.
The home was designed by SHM Architects, with interiors by Brant McFarlain and landscaping by Lance Dickinson, according to its listing.
Large windows and high ceilings connect the interior living areas with the landscaped grounds.
The property includes a main kitchen, catering kitchen, multiple entertaining spaces, and a detached guest casita.
Outdoor amenities include an infinity-edge pool, spa, putting green, pickleball court, and fire pit.
The listing also describes integrated home technology and multiple HVAC systems.
Its asking price has been reduced from earlier listing levels, reaching $14.997 million in June 2026.
The listing reports homeowners association dues of approximately $12,500 every six months, equivalent to about $2,083 per month or $25,000 annually.
That’s an expense buyers need to account for in addition to property taxes, insurance, utilities, and maintenance.
The listing also mentions seller financing, although buyers would need to confirm the terms and availability directly.
For a buyer, the property’s nearly two-acre setting and extensive recreational amenities are central parts of the offering.
But those features also introduce operating expenses beyond the initial purchase price.
View 5531 Walnut Hill Lane on Movoto.
9. 1747 Leonard Street, Unit 2801 — $14.9 Million
Dallas | 2 bedrooms | 5,130 square feet | Dallas Arts District
Not every Dallas-area home with an eight-figure asking price is a sprawling estate.
This condominium in the Arts Residences offers a different type of luxury: a large private residence in a high-rise setting near downtown Dallas’ cultural institutions.
The listing information reviewed reports approximately 5,130 square feet of interior space, with two bedrooms, two full bathrooms, and two half bathrooms.
At $14.9 million, the asking price works out to roughly $2,904 per square foot.
That’s higher than the price per square foot of several much larger estates on this list.
But comparing the two types of property requires care.
A high-rise condominium offers a different ownership arrangement, with shared building amenities, association rules, and recurring assessments.
Buyers should review HOA fees, reserves, insurance responsibilities, and any pending building assessments.
The property’s location in the Arts District is another major distinction from the predominantly Preston Hollow and Highland Park listings.
For buyers prioritizing proximity to downtown cultural attractions over private acreage, that tradeoff may be significant.
The penthouse has been listed since February 2025, according to its listing history.
That extended marketing period illustrates another characteristic of the upper end of the market: highly specialized properties may take longer to find a buyer, particularly when the pool of potential purchasers is relatively small.
However, time on the market alone doesn’t establish whether a property is overpriced.
View 1747 Leonard Street, Unit 2801, on Movoto.
10. 5923 Park Lane — $14.5 Million
Dallas | 5 bedrooms | 8,582 square feet | Approximately 0.8 acres on the main parcel, plus an adjoining lot
Listed in November 2026, 5923 Park Lane combines traditional architectural elements with contemporary design.
Built in 2017, the residence features a stone exterior, arched windows, steel-framed glass, hardwood floors, and custom millwork.
The listing emphasizes the combination of timeless architecture and sophisticated contemporary design.
The offering includes two adjoining parcels, identified as 5923 and 5915 Park Lane.
The main residential parcel is listed at approximately 0.8 acres. The adjoining property includes a tennis and basketball court.
Because the sale includes both parcels, the total land area may be greater than the acreage reported for the main lot.
The combined acreage should be confirmed before being used in property comparisons.
The combination of the residence and additional land is an important part of the property’s appeal.
In established Dallas neighborhoods, the opportunity to acquire adjoining parcels can provide more outdoor space and privacy than a typical single-lot property.
The asking price is $14.5 million.
Prospective buyers should confirm exactly which parcels, improvements, and fixtures are included in the sale.
Find 5923 Park Lane in Movoto’s Preston Hollow listings.
Why Are So Many Expensive Homes Located in Preston Hollow and Highland Park?
Preston Hollow and Highland Park account for most of the properties in this roundup.
Both areas are known for high-end residential real estate, but they offer different combinations of land, architecture, and neighborhood characteristics.
Preston Hollow Offers Larger Estate Properties
Several Preston Hollow homes in this list occupy multiple acres.
That land provides room for guesthouses, sports courts, gardens, and extensive outdoor entertaining areas.
The Crespi Estate is an extreme example, with approximately 15.7 acres.
Large parcels can be difficult to reproduce in established urban neighborhoods.
Highland Park Has a Limited Supply of Large Homesites
Highland Park is a separately incorporated municipality that, together with University Park, forms the Park Cities enclave within Dallas.
Its established residential neighborhoods have a limited supply of vacant land, particularly larger parcels.
That scarcity may contribute to the appeal of newer custom homes.
The properties at 3736 Potomac Avenue and 4401 Arcady Avenue demonstrate that high asking prices don’t necessarily require several acres.
Both Markets Include Custom Architecture
The list includes historically significant homes, traditional estates, and newly completed residences.
Architecture, construction quality, and specialized materials can influence asking prices.
But the cost of building a custom home doesn’t necessarily equal its resale value.
Privacy and Amenities Matter
Gated entrances, landscaped grounds, guest accommodations, and recreational facilities are recurring features.
These amenities can appeal to buyers looking for privacy and space.
They also create ongoing maintenance and operating costs.
Explore current Highland Park homes for sale, University Park homes for sale, and Dallas homes for sale to compare the three markets.
What Do the Listings Reveal About Dallas-Area Luxury Real Estate?
The most striking feature of this list is the spread in asking prices.
The $64 million Crespi Estate is more than four times as expensive as the $14.5 million home at the bottom of the ranking.
But that difference isn’t simply a matter of square footage.
The top-ranked property combines a large historic residence, additional structures, and approximately 15.7 acres.
By contrast, the Arts Residences condominium asks nearly $15 million for just over 5,000 square feet in an urban high-rise setting.
Highland Park adds another dimension.
Its highest-priced listings combine large custom residences with locations where land is relatively scarce.
These properties serve different buyer preferences and are difficult to compare using one measure.
Price per square foot can provide context, but it doesn’t fully capture land value, architectural significance, views, shared amenities, or the cost of maintaining a highly customized property.
It’s also important to distinguish asking prices from completed sales.
Luxury listings may remain on the market for extended periods or undergo substantial price reductions.
The $37.5 million listing at 5547 Walnut Hill Lane, for example, was originally offered at $45 million earlier in 2026.
Similarly, 4400 Belfort Place was originally listed at $34.5 million in June 2025 before being relisted at $31.95 million in October 2026.
The Arts Residences penthouse has been marketed since February 2025.
These examples don’t establish what the properties are worth. They show that the highest end of the market can involve price adjustments and lengthy marketing periods.
How Does This Compare With a $1 Million Home?
Even the lowest-priced property in this roundup is 14.5 times a $1 million budget.
But a seven-figure price doesn’t mean the same thing in every housing market.
A $1 million budget may buy a premium detached home in one city while falling below the median sale price in another.
For a broader comparison, see Movoto’s analysis of what kind of house you can buy with $1 million.
The comparison helps put the Dallas area’s most expensive listings in perspective. These properties aren’t simply more expensive versions of typical homes; they occupy a narrow segment of the market where acreage, custom construction, and unusual amenities can influence pricing.
What Should Buyers Know Before Purchasing a Dallas-Area Luxury Home?
Property Taxes
Texas has no state individual income tax, but property taxes can represent a substantial ongoing expense.
At the upper end of the Dallas-area market, annual property taxes can reach six figures.
For example, the Crespi Estate at 5619 Walnut Hill Lane had a reported 2025 property tax bill of $802,565.
At 4400 Belfort Place in Highland Park, the reported 2025 property tax bill was $269,979.
Those are historical tax amounts, not guarantees of what a future owner will pay.
Tax rates and taxing jurisdictions vary across Dallas, Highland Park, and University Park.
Buyers should review current tax records and understand how exemptions, assessments, and future changes may affect the bill.
Insurance
Luxury homes may require specialized insurance coverage because of their replacement costs, custom construction, and amenities.
Texas weather risks, including hail and severe storms, can also influence premiums.
Obtain property-specific quotes rather than relying on estimates based only on purchase price.
Maintenance and HOA Fees
Large estates can require significant spending on landscaping, pools, mechanical systems, security, and specialized equipment.
A property with multiple buildings or extensive grounds may also require outside service providers.
Newer homes can have substantial operating expenses, too, particularly when they include complex technology, specialized mechanical systems, or extensive recreational amenities.
Homeowners association fees may be another consideration.
At 5531 Walnut Hill Lane, the reported HOA dues total approximately $25,000 annually.
For condominium buyers, association fees and potential special assessments deserve particular attention.
Financing and Income Requirements
Purchasing a multimillion-dollar home can involve different financing considerations from buying a more typical property.
Some buyers may use substantial cash reserves or financing arrangements designed for high-value properties.
Lenders may examine income, assets, debt obligations, liquidity, and cash reserves, depending on the loan structure.
For perspective on how mortgage qualification works at a lower—but still substantial—price point, see Movoto’s guide to how much income you need for a $1 million home.
The income estimates in that article shouldn’t be multiplied by the asking prices in this roundup. Financing requirements for a $15 million or $64 million property can be substantially different.
Comparable Sales
At the highest end of the market, finding closely comparable properties can be difficult.
Buyers should consider recent sales, lot size, location, architecture, and property condition.
An asking price isn’t a substitute for a valuation supported by market evidence.
For more on how comparable sales affect valuations, see Movoto’s guide to how a neighbor’s home sale can affect your home’s value.
Bottom Line
The most expensive residential listings identified in Dallas and the Park Cities range from the $64 million Crespi Estate to a $14.5 million Preston Hollow home.
Preston Hollow dominates the top of the list, while Highland Park contributes three properties with asking prices between $15.995 million and $31.95 million.
University Park is part of the geographic review, although no property there reached the top ten at the prices identified.
These asking prices offer a snapshot of the market as of November 12, 2026. They don’t establish final sale prices or guarantee that the properties will remain available.
Anyone comparing luxury homes should look beyond the headline price to consider location, land, architecture, condition, and long-term ownership expenses.
Explore homes for sale in Dallas, Highland Park, and University Park for current listings and pricing.
FAQ
What Is the Most Expensive Home for Sale in Dallas?
As of the November 12, 2026, review, 5619 Walnut Hill Lane was the highest-priced residential listing identified in Dallas and the Park Cities, with an asking price of $64 million.
What Is the Most Expensive Home for Sale in Highland Park?
4400 Belfort Place was the highest-priced Highland Park property identified in this review, with an asking price of $31.95 million.
Are Highland Park and University Park Part of Dallas?
Highland Park and University Park are separate municipalities within the Dallas metropolitan area. Together, they’re commonly known as the Park Cities. This roundup includes both municipalities along with Dallas.
Why Are Homes in Highland Park So Expensive?
Factors include the area’s established residential neighborhoods, limited land availability, custom architecture, and demand for high-end properties. Prices vary by location, lot size, condition, and other features.
Are These the Most Expensive Homes Ever Sold in Dallas?
No. The ranking is based on asking prices for properties identified in the listing review, not historical sales records. A home’s advertised price doesn’t establish what it eventually sells for.
How Much Income Do You Need to Buy a Luxury Home in Dallas?
It depends on the purchase price, down payment, financing structure, existing debts, and available assets. At the highest end of the market, cash purchases and specialized financing may play a larger role than conventional mortgage qualification.
How Often Do Luxury-Home Listings Change?
Prices and availability can change at any time. Properties may be reduced in price, placed under contract, withdrawn, or sold. Buyers should consult current listing information before making decisions.
The post The 10 Most Expensive Homes for Sale in Dallas and the Park Cities 2026 appeared first on Movoto Blog.
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