The median home price in Preston Hollow, TX sits around $2.41 million as of mid-2026. This Dallas County community encompasses more than 30 distinct subdivisions, ranging from attached townhomes to multi-acre estates – and right now, there are roughly 130 active listings with about 4.5 months of supply for anyone buying a home in Preston Hollow, TX.
Choosing the right property here comes down to comparing lot sizes, home ages, and how close you want to be to the major thoroughfares. Some sections are defined by original mid-century architecture. Others have been almost entirely rebuilt with custom homes over the past decade. Knowing where one subdivision ends and another begins makes a real difference in what you’ll be looking at.
How Preston Hollow is Organized
Preston Hollow isn’t one neighborhood – it’s a collection of smaller communities sitting inside Dallas city limits. Depending on which local source you consult, the area contains somewhere between 30 and 40 distinct neighborhood names, running from original plats like Preston Road Estates to newer housing developments.
The layout is anchored by the Preston Center and Preston-Royal shopping centers, with the Northaven Trail providing a linear park system through the northern sections. Lot sizes and architectural styles can shift noticeably from one block to the next, so subdivision boundaries matter more here than in most parts of Dallas.
Notable Subdivisions and Plats
Buyers looking for larger lots tend to focus on established areas like Old Preston Hollow, Lobello Estates, and Sunnybrook Estates. Other recognized plats include Walnut Hill Ridge, Waggoner Place, and Preston Terrace. Each carries its own deed restrictions and baseline lot dimensions – details worth reading before you fall in love with a property.
Local Landmarks and Orientation
Strait Lane is probably the best-known geographic anchor in the area, recognized for its large estates and expansive acreage. Preston Hollow Park and the John Gillin Residence are other prominent reference points. The historic “Little White House” at Northwest Highway and Preston Road – once Ebby Halliday’s real estate office – originally served as the town hall before Dallas annexed the area.
Home Types and Market Prices
As of summer 2026, the median sale price in Preston Hollow is roughly $2.41 million. Homes are spending about 44 days on the market before going under contract, and sellers are averaging about 96.5% of their list price.
The housing stock looks very different depending on which plat you’re in. Some subdivisions still have original ranch-style homes on sub-acre lots. Others are almost entirely multi-acre estates with extensive private grounds. You’ll also find pockets of newer attached homes and condominiums near the commercial borders.
Detached Estates and Single-Family Homes
El Parado, Aberdeen Place, and Avalon consist primarily of detached single-family homes, and many of the originals have been updated or fully replaced by new construction. Buyers focused on square footage tend to spend time in Creeks of Preston Hollow and Crest Manor Estates.
Attached Housing Options
Condominiums and townhomes are the alternative to the large estate lots, and they’re typically positioned closer to the main retail corridors. These properties generally come in below the area’s median price point – though luxury new-construction townhomes can exceed it. Before you make an offer on any attached property, pull the HOA documents and read through the maintenance responsibilities carefully.
Schools and Community Resources
Preston Hollow falls within Dallas Independent School District (Dallas ISD), with Hillcrest High School serving as the primary public high school for students in these attendance zones. That said, enrollment boundaries are tied to your exact property address, so it’s worth verifying directly on the official Dallas ISD maps before you assume a specific home feeds into a specific school.
Several private schools – St. Mark’s, Hockaday, and Ursuline Academy – are located in or immediately adjacent to the Preston Hollow boundaries. A lot of buyers factor commute times to those campuses into the search, which is a reasonable thing to build into your criteria.
Accessing Police and Crime Data
For crime statistics, go to the primary sources. The Dallas Police Department publishes official maps of police divisions, sectors, and beats on its website.
The city also maintains the Dallas Open Data portal, which feeds interactive tools like dallas.mapmyblock.com. Those maps let you pull specific incident reports by exact street boundaries, which is considerably more useful than a summary number.
Frequently Asked Questions
What is the difference between buying in Old Preston Hollow versus Preston Hollow North?
It depends on the specific street. Old Preston Hollow generally features older, larger estate lots and early plats. Preston Hollow North and other surrounding subdivisions tend to mix newer construction with mid-century ranch homes. Both are part of the same broader collection of 30-plus subdivisions in the community.
Which Preston Hollow neighborhoods are best for families wanting quick access to the Dallas private school corridor?
Proximity to St. Mark’s, Hockaday, and Ursuline Academy depends on your exact address. Subdivisions near the major north-south arteries offer the most direct routes to those campuses. It’s worth mapping the morning commute from specific plats – Sunnybrook Estates and Walnut Hill Ridge are reasonable starting points.
Do the best neighborhoods in Preston Hollow, TX have mandatory HOA fees?
It varies by subdivision. Many older plats like Preston Road Estates don’t have traditional mandatory homeowners associations. Newer gated developments and townhome communities typically do require monthly or annual HOA dues.
Are there strict building or zoning restrictions if I want to buy a teardown lot in Preston Hollow?
Yes. You’ll need to comply with Dallas city zoning laws and any deed restrictions tied to the specific subdivision. Plats like Lobello Estates or Broadmoor Park may have setback requirements or lot coverage limits that affect what you can build. Talk to a local builder and the city planning office before you commit to a lot.
Which Preston Hollow neighborhoods include dedicated private security patrols?
Several individual subdivisions fund their own private security patrols through voluntary neighborhood associations, and those arrangements are typically managed at the local street level rather than across all of Preston Hollow. Ask the listing agent directly whether a specific home is covered by one of those programs.
How fast are luxury homes selling in the top Preston Hollow neighborhoods right now?
Across the market, homes are spending a median of 44 days on the market as of mid-2026. Properties priced near or above the $2.41 million median can take a bit longer depending on their features and location. Well-priced homes in high-demand subdivisions tend to move faster than that.
