Bounded by Midway Road, Northwest Highway, Hillcrest Avenue, and Royal Lane, Preston Hollow covers roughly four square miles in North Dallas. It’s one of the few places in Texas where multi-acre lots sit close enough to the city that you can drive to dinner in twenty minutes – yet feel completely removed from it while you’re home. Many buyers search the best neighborhoods in Preston Hollow, TX specifically for this level of privacy.
As of mid-2026, the market here moves at a steady pace. Sustained demand for these estates keeps things from sitting long, and if you’re hunting for the most expensive pockets, the single most important variable is which side of the Dallas North Tollway you’re searching on.
A Look at Preston Hollow, TX Real Estate Prices
June 2026 market data puts the median sale price across the broader Preston Hollow area at approximately $2.41 million. Homes are averaging 44 days on market before going under contract, and sellers are collecting an average of 96.55% of list price – a figure that tells you negotiating room is real but not enormous. That data reflects 89 total homes sold over the tracked period.
Inventory sits at around 130 available homes, representing a 4.5-month supply. For a luxury market, that’s relatively balanced. The overall numbers, though, mask some wide variation – specific pockets command figures well above the median depending on lot size and how much privacy you’re actually getting.
West Versus East of the Tollway
West of the Dallas North Tollway in the Estate Area, properties routinely run from $3 million to well over $20 million on one-to-six-acre lots. East of the Tollway, pricing typically lands between $1.5 million and $4 million.
If maximum acreage and the highest-tier estates are what you’re after, you want to be searching west.
The Wealthiest Enclaves and Subdivisions
Within the broader neighborhood boundaries, a few specific subdivisions consistently pull ahead of everything else. Multi-acre lots, homes set deep from the street, privacy that’s genuinely rare this close to a major city – these sections deliver all of that.
The standouts are Strait Lane, Old Preston Hollow proper, and Volk Estates. Historically, these streets have been home to former US presidents, Fortune 100 CEOs, professional athletes, and major Dallas philanthropists. That’s not marketing copy – it’s just the history of who has lived here.
Strait Lane and Billionaire’s Row
Locals call Strait Lane “Billionaire’s Row,” and the name holds up. Estates on this stretch are priced anywhere from $20 million to more than $100 million. Properties at this scale have room for multiple structures, private lakes, and amenities that start to resemble a small private resort.
Touring here means passing serious security features and noting deep setbacks from the road. The architecture varies considerably from one estate to the next, but the commitment to seclusion is consistent across every lot.
Old Preston Hollow and Volk Estates
Old Preston Hollow proper and Volk Estates carry the same prestige – mature trees, generous building sites, quiet streets, and a feeling of remove that the entry-level luxury market simply can’t replicate. Both sections sit just minutes from the Dallas North Tollway, so you’re not trading convenience for the seclusion.
Competition for updated properties here is real. Available homes often sell privately or spend very little time on the open market before they’re gone.
What Defines the Area’s Upscale Market
Estimates vary by source, but Niche reports a median household income of $202,702 for the area, while separate 2024 Census data lists a median of $135,038. Whichever figure you weight more, the wealth concentration here is plainly evident in the property values.
On the crime side, Preston Hollow’s violent crime metrics sit well below the national average. According to Niche, the assault rate is 13.8 per 100,000 residents against a national rate of 282.7, and the murder rate is zero.
Access to High-End Shopping and Dining
NorthPark Center, Galleria Dallas, and Highland Park Village are all a short drive away, covering the luxury retail and elevated dining end of things. For everyday needs – groceries, cafes, services – Preston Royal and Preston Center handle it without requiring a trek across town.
Proximity to both tiers of retail matters in a market like this. It’s a practical quality-of-life factor that consistently shows up in how buyers talk about the area.
Current Luxury Homes for Sale in Preston Hollow, TX
As of July 2026, Preston Hollow houses for sale range from $429,000 for smaller, older properties up to $64,000,000 for the largest estates. The top end of the market is a mix of new construction and deeply renovated historic properties, with custom builds featuring the kind of specialized amenities you’d expect at those price points.
With 89 homes sold over the last tracked month, the market shows consistent movement even at the higher price tiers. That’s not nothing, for a neighborhood where the median sits at $2.41 million.
Historic Estates and New Builds
A notable listing from earlier in 2026: 10010 Strait Lane came to market at $24,999,990. Built in 2026 on a 2.2-acre lot, it’s a 16,684-square-foot home with an elevator, a wine room, a golf simulator space, and a 10-car garage.
Properties at this scale carry significant ongoing costs. Maintenance, specialized insurance, and staffing add up – buyers should factor those carrying costs into the full picture before evaluating any multi-million dollar estate.
Mapping the Neighborhood Boundaries
The traditional boundaries are Midway Road to the west, Northwest Highway to the south, Hillcrest Avenue to the east, and Royal Lane to the north – a distinct four-square-mile enclave in North Dallas. That’s the definition that matters for pricing purposes.
You’ll sometimes hear “Preston Hollow” used loosely to describe all of North Dallas south of the LBJ Freeway. The highest property values, though, stay concentrated within the traditional borders.
Historical Landmarks
The area’s upscale character goes back further than most people realize. There was historically a Preston Hollow Country Club that hosted the Dallas Centennial Open golf tournament in 1956. That land is now known as the EDS employees’ golf course near Medical City Dallas, and a landmark listing still carries the Preston Hollow Country Club name near Copperwood Lane.
Frequently Asked Questions
Which specific streets and enclaves in Preston Hollow have the most expensive homes?
The most expensive homes are on Strait Lane, in Old Preston Hollow proper, and in Volk Estates. Strait Lane – often called Billionaire’s Row – features estates priced from $20 million to over $100 million.
What is the typical starting price and price per square foot for an estate in Preston Hollow’s priciest neighborhoods?
In the Estate Area west of the Dallas North Tollway, properties typically start around $3 million. The median sale price for the broader Preston Hollow area is roughly $2.41 million.
How do the most expensive areas of Preston Hollow compare to Highland Park for luxury buyers?
Both offer high-end luxury, but Preston Hollow is known for larger lot sizes – western sections run one-to-six-acre parcels. Highland Park Village provides nearby upscale shopping for residents of both communities.
How do buyers find off-market or pocket listings in Preston Hollow’s most exclusive sections?
You need a well-connected local agent who tracks private sales in Old Preston Hollow and Volk Estates. Sellers in these multi-acre enclaves frequently choose not to list on the public MLS, so if you’re relying on what you can find online, you’re only seeing part of the market.
Are there strict zoning or teardown restrictions when buying an older estate in the wealthy parts of Preston Hollow, TX?
Yes. You’ll need to comply with local Dallas zoning laws before planning a teardown or major renovation. Verify specific setback rules and lot coverage limits before purchasing an older property on Strait Lane or in Volk Estates – don’t assume the lot will support whatever you’re envisioning.
What level of pre-approval or proof of funds is required to tour multi-million dollar estates in Preston Hollow?
Sellers of $20 million to $64 million estates on Strait Lane generally require verified proof of funds before approving a showing. Have your financial documentation prepared by your bank or wealth manager before you request a tour.
