Is Southlake really that expensive (Dallas, Fort Worth: transplants, for sale, real estate)

[dwayne00]

I used to stay in Dallas and my brother lives in Keller. I would visit Southlake a lot because I love the feel and look of it. But, I have always heard that it was pretty expensive to live there. Have I been hearing this right because my wife would love to live there one day so shall I just disappoint her now or later. lol

[GreyDay]

I'm sure you could plug in on Realtor.com and check home prices. Expensive to you ain't expensive to say, Jerry Jones, so you decide.

[dwayne00]

Originally Posted by GreyDay

I'm sure you could plug in on Realtor.com and check home prices. Expensive to you ain't expensive to say, Jerry Jones, so you decide.

Yea I wish I had pockets as deep as Jerry Jones. LOL

[Sardibara]

current inventory in southlake 89,000-4.5 million , plano 109,000-8.75 million, highland park 28,000-24 million, Frisco 53,000- 4.99 million ... comparatively not that expensive

[GreyDay]

Originally Posted by Sardibara

current inventory in southlake 89,000-4.5 million , plano 109,000-8.75 million, highland park 28,000-24 million, Frisco 53,000- 4.99 million ... comparatively not that expensive

I think we can all agree Aikman's home is an outlier...

[Sardibara]

lol! 2nd most expensive homes - Plano 4.76 mil, Frisco 3.9, South lake 3.49, highland park 10.00 mil

[skids929]

Originally Posted by Sardibara

lol! 2nd most expensive homes - Plano 4.76 mil, Frisco 3.9, South lake 3.49, highland park 10.00 mil

Flower Mound $19Mil..

I think we can all agree Southlake is an upscale city in the Metroburbs. To most average folks its not realistically within reach. I would say a healthy starting point for real estate in Southlake is $500k. This gets you enough to be one of the Jones'.

To the OP, the reason you like the way Southlake looks, particularly coming out of Keller is the zoning most likely. It's zoned to finish out at less than 30k, so the density in the town is lower than Keller. May be why you like the looks, and the people who work in the zoning and planning department there are some smart folks who knew how to attract the right people/businesses. Give em a call sometime to talk about the town and you understand pretty quickly why Southlake is such a nice place to live.

[pinipig523]

Southlake is pretty expensive, to me... even with our budget of anything under $1M.

You get less land and you have to pay more for a comparatively similar home in another upscale suburb like say - Flower Mound. I am having a hard time convincing myself that a smaller house on 1/3 acre is better than a larger, better finished house with a pool on a 1 acre lot in Flower Mound.

But, you get what you pay for... this is true for most real estate. The market dictates the price because this is the price the market will bear.

Don't get me started on Park Cities - that's a whole 'nother beast.

In my opinion, in order for someone to say that Southlake isn't expensive - you really need to have deep pockets and a budget of at least $2M. This will get you over the threshold of the cost of the lot offsetting the price.

A $2M house in Southlake is VERY similar to a $2M house in Flower Mound. However, a $750K home in Southlake is significantly less of a house than a $750K home in Flower Mound.

[CREW747]

You can get a nice home that will probably need some updating in Chapel Downs for about $350,000 ...in the past year there were a few for sale in that range.....

Southlake has overall large lot sizes.That attributes to the feel of the area. The school system drives home prices.Carrol isd does not have a magic formula or more qualified teachers than any orher district....they have a sudent body that comes from upper class households.

When we were looking to buy a house our budget was $400,000 max.We liked Southlake but not the location. We work near Frisco and never need to go to DFW airport.After extensive research,we chose Prosper.We love the rolling hills,trees and overall large lot sizes.Some of my favorite areas in the DFW Metroplex are Southlake,Prosper and West Mc kinney..

[DallasTexan69]

Interestingly enough, it seems as if most people who move into Southlake are "transplants," meaning people who moved here for employment or one reason or another. Native Dallasites or Fort Worth residents tend to stay closer to the cities proper.