The Dallas-Fort Worth real estate market is home to some of the nation's most luxurious and historically significant properties, with several listings commanding prices well into the tens of millions. Topping the list is the famed Crespi Estate, a Dallas landmark with a staggering price tag of $64 million, setting the tone for a market defined by opulence, history, and architectural grandeur.
These elite properties, located in exclusive enclaves like Preston Hollow, Highland Park, and Southlake, offer more than just living space. They represent a blend of historical legacy and modern amenity, from sprawling grounds neighboring a former president to newly constructed mansions with private wellness retreats and golf simulators.
Key Takeaways
- The Crespi Estate in Dallas is the most expensive home on the market at $64 million.
- Several newly constructed mansions in the $20-35 million range feature modern amenities like home theaters, wellness centers, and infinity pools.
- Historic properties, including one modeled after Mount Vernon and another designed by architect Richard Meier, are also among the top listings.
- The listings are concentrated in affluent areas such as Preston Hollow, Highland Park, University Park, and Southlake.
The $64 Million Crespi Estate
Leading the Dallas-Fort Worth luxury market is the Crespi Estate, a historic property listed for $64 million. Located at 5619 Walnut Hill Lane in the prestigious Preston Hollow neighborhood, this mansion is a piece of Dallas history.
Designed in 1938 by Swiss architect Maurice Fatio, the estate was originally built for Count Pio Crespi, an Italian cotton magnate who expanded his family's business in Texas. The limestone mansion has hosted numerous dignitaries and presidents over the decades.
Crespi Estate at a Glance
- Price: $64 million
- Size: 27,000 square feet
- Bedrooms: 10
- Bathrooms: 12 full, 5 partial
- Land: 15.7 acres total
The current sale price includes the main 12-acre property and an additional 3.7 acres, with the land backing up to the home of former President George W. Bush. Ownership of the estate has passed through several prominent hands, including former Texas Rangers owner Tom Hicks and banker Andrew Beal. It has been held by a trust associated with the Edwin Cox family since 2019.
Highland Park and University Park's Premier Listings
The exclusive towns of Highland Park and University Park are home to several of the region's most expensive properties, blending classic architecture with modern luxury.
4400 Belfort Avenue, Highland Park: $34.5 Million
The second-priciest home in the region is a Spanish and Mediterranean revival mansion at 4400 Belfort Avenue, listed for $34.5 million. Developed by Blair Pogue, son of the late real estate mogul Mack Pogue, the home was designed to evoke the classic style of the Park Cities from the 1920s.
Architect Larry Boerder designed the 13,696-square-foot residence, which sits on a one-acre lot—a significant rarity in Highland Park. The main house features five bedrooms and nine bathrooms, with a primary suite conveniently located on the first floor.
6901 Hunters Glen Road, University Park: $24.5 Million
In the coveted Volk Estates neighborhood of University Park, a new-construction mansion at 6901 Hunters Glen Road carries a $24.5 million price tag. Situated on a nearly one-acre corner lot, the home was designed by SHM Architects with interiors by Erin Sander.
The property spans nearly 11,000 square feet and includes seven bedrooms and nine bathrooms. Key features include an infinity-edge pool, an expansive rear lawn, and an oversized four-car garage, catering to both relaxation and entertainment.
3515 Crescent Avenue, Highland Park: $21 Million
Also in Highland Park, the Mediterranean mansion at 3515 Crescent Avenue is on the market for $21 million. Built in 2009, this seven-bedroom, ten-bathroom home greets visitors with an arched entry and a dramatic curved staircase.
The owner's suite is a standout feature, complete with a large sitting area, a midnight kitchen for late-night snacks, and a spa-like bathroom. The property also boasts a pool with a cascading water feature, a fire pit, a game room, and separate champagne and wine cellars.
Modern Marvels and Sprawling New Estates
Beyond the historic neighborhoods, newly built estates are setting new standards for luxury with cutting-edge design and extensive amenities.
The Rise of the Modern Mega-Mansion
Several of D-FW's top listings are new or recently built properties. These homes emphasize open-concept living, seamless indoor-outdoor transitions, and dedicated spaces for wellness and entertainment, such as home theaters, gyms, and golf simulators. This trend reflects a shift in buyer preferences toward turnkey properties with the latest technology and design.
10010 Strait Lane, Dallas: $24.99 Million
On the border of Preston Hollow, a newly built California transitional mansion at 10010 Strait Lane is listed for $24.99 million. The nearly 16,700-square-foot home is situated on a 2.2-acre lot and features concrete walls and steel framing.
Its amenities are designed for a modern luxury lifestyle, including:
- A dedicated wellness retreat for massage and fitness.
- A lower-level wine vault.
- A golf simulator and a three-tier theater.
- Floor-to-ceiling windows offering expansive views.
545 W. Bob Jones Road, Southlake: $23.99 Million
Looking toward the future, a desert contemporary mansion in Southlake is listed for $23.99 million, with a completion date set for 2026. Located at 545 W. Bob Jones Road, the 12,000-square-foot home sits on nearly nine acres just minutes from DFW International Airport.
The six-bedroom, ten-bathroom property will include a plunge pool off the primary balcony, a seven-car garage, and a private casita. Notably, the property is eligible for an agricultural exemption, which offers significant long-term tax advantages.
Properties Defined by History and Art
Rounding out the list are two iconic Dallas homes, each with a unique story that adds to its immense value.
The Rachofsky House, Dallas: $23 Million
An architectural landmark, the Rachofsky House at 8605 Preston Road is on the market for $23 million. Built in 1996 for art collectors Howard and Cindy Rachofsky, the home was designed by renowned architect Richard Meier.
The minimalist structure, resembling a white box on a black pedestal, sits on 3.2 acres. For years, it hosted the Two x Two gala, a major event for the Dallas Museum of Art and amfAR that elevated the city's art scene. The unique home once featured a handle-less front door and the city's only champagne vending machine.
4009 W. Lawther Drive, Dallas: $19.95 Million
Known affectionately as "Dallas' Mount Vernon," the estate at 4009 W. Lawther Drive is listed for $19.95 million. The Georgian-style mansion, modeled after President George Washington's Virginia home, overlooks White Rock Lake.
Built in 1930, the property was purchased in 1938 by legendary oil tycoon H.L. Hunt, and his family lived there for 60 years. The current owners are only the second family to reside in the home. The 10,500-square-foot main house sits on a 10-acre lot and includes five bedrooms and six-and-a-half bathrooms.
