There’s a reason or two why Texas’s population has been growing so fast lately. According to the 2021 Texas Realtors migration report, about 500,000 people moved to Texas in 2019.
While it is true Texas experiences mild weather, there’s no state income tax, and the economy is booming – coupled with the low cost of living – a significant percentage is moving to Texas in pursuit of luxury.
It is no wonder Texas lists some of the most expensive home sales in the world. From Austin’s pristine and gorgeous mansions to the beautiful bungalows of Dallas, everything – including life itself – seems to be bigger in Texas.
Whether you are a current resident who has been googling “companies that buy houses Texas” or a visitor relocating to Texas, you are in the right place. We will take you through an overview of the Texas real estate market, pricing of prime homes, and some of the most expensive houses for sale in Texas.
Take a pen and paper.
Overview of the Texas Real Estate Market
Image from globenewswire.com
The Texas real estate industry is recovering following the hefty recession that blew up the industry during the COVID-19 pandemic. The recent Texas Realtors statistics in Texas show that supply for single-family homes decreased in the last quarter of 2020 while the supply increased.
During the second quarter of this year, active listings on Texas Realtors went down by 47.7% when compared to last year’s statistics over the same period. People are looking for creative ways to sell a house.
For instance, in the Dallas-Fort Worth-Arlington MSA, home supply decreased to as low as 1.1 months. At the same time, total close sales rose by 16.2% in 2021 – from last year’s total number of sales. Lots of people were searching online with the keyword “sell my house fast Fort Worth.” Homeowners were hungry for success when it came to selling a house online.
A 25-day drop in the average Days On Market (DOM) further confirmed the increased demand for homes. So the demand is still peaking while supply is going down. By the way, are you selling your home in Arlington? We buy homes in Arlington!
Considering the massive effect of the pandemic on the real estate market not only in Texas but the entire US, some publications have described the quick comeback as a “weird real estate market.” That’s specifically in Dallas.
Most people projected that the effect could last for months or even years, but it didn’t. How fast the market has sprouted back to life remains an untold mystery to many. And it’s probably going to stay so in the future.
Prime Real Estate Prices in Texas
When it comes to housing, it is true Texas has something for everyone – whether you are in the lower, middle, upper class, or the rich. Often we have noticed the world’s most expensive house for sale listed on different real estate platforms coming from Texas.
Dallas is one of the significant icons of prime real estate homes in Texas and the entire US. Prices vary significantly, of course, depending on factors such as location, home size, architecture, condition, and age.
According to Zillow, the most expensive home in Texas is located at 6915 Baltimore Dr, University Park, TX, as we shall see shortly, selling at $37.5M. We still have exclusive multi-dollar homes on the lower end, like the $15.35M mansion at 333 W Friar Tuck Ln, Houston, TX 77024.
So generally, the prices vary significantly and are dynamic.
To get a better insight into Texas’s prime real estate prices, let’s dive right into the most expensive houses on sale.
The Most Expensive Home Sales in Texas
Here’s a list of the ten most expensive home sales on the market in Texas right now. We’ve compiled them in consecutive order by price, from low to high.
#10) 5416 Fm 973, Austin $18,000,000
This stunning home is a classic Texas ranch set on 40 acres of rolling forest and fields. The architecture includes wooden beam tresses and local stonework, making the home feel like a luxury lodge resort.
The main home is 6,750 square feet and includes five bedrooms and five full bathrooms, a billiards room, a gourmet kitchen, and an owner’s retreat wing. An elegant pool terrace and hot tub extend from the house with beautiful views of the land.
#9) 1717 Kc #450, Junction $19,600,000
This property is all about the land. The listing includes a beautiful lodge home set on a 776-acre ranch, sprawling across both sides of Johnson Fork Creek. The ranch is stocked with fish and wildlife for hunting or simply enjoying and livestock facilities.
The custom-built 7,000-square-foot home includes a media room, gourmet kitchen, three fireplaces, library, three bedrooms, two full baths, and one half-bath. The grounds also have a beautiful guest house and in-ground pool.
#8) 3996 Inverness Drive, Houston $19,900,000
Named Storybook River Oaks estate, this pristine home looks like an English manor straight from legend. The stunning design includes masonry carved limestone arches and floors imported from the Cotswolds. Tudor gardens surround the property with fountains, a saltwater pool, and a climate-controlled pavilion with a summer kitchen.
The house includes a stately billiards room, 800-bottle wine cellar with vaulted ceilings, home theater, built-in aquariums, six bedrooms, seven full bathrooms, and four half baths.
#7) 3896 County Road 305, Navasota $21,600,000
“Whitehall Ranch” is a gorgeous modern home and compound situated on over 656 acres of farm and ranchland. The compound includes a state-of-the-art primary residence, two guest houses, a pool complex, and a helipad. Nearby are a stable complex with tack rooms and grooms’ quarters, stocked lakes, a regulation polo field, and a trap and skeet range.
The main residence includes three bedrooms, two bathrooms, and a half bath. The design is gorgeous steel, stone, and white fixtures, giving seamless modern lines and a connection to the land, visible through floor-to-ceiling windows.
#6) 2 Longbow Lane, Houston $23,500,000
This 4.4-acre property feels like a true retreat, designed to calm the body, mind, and spirit with beautiful vaulted architecture and natural materials. The house itself is nestled in a private wooded landscape with a beautiful creek bubbling in the backyard. Cathedral ceilings and two-story windows allow the living spaces to merge seamlessly with the nature around them.
The 16,818-square-foot home has six bedrooms, six full bathrooms, and four half baths. The rooms include features like a claw-foot tub and individual fireplaces.
#5) 9420 Fm 2843, Salado $27,500,000
About an hour’s drive from Austin, Double B Ranch features rolling acres of springs, creeks, dams, and premier hunting grounds. The sprawling ranch house melds seamlessly into its surroundings with a terraced pool garden, spa, and massive covered porch with views of the estate.
The home includes six bedrooms, six full bathrooms, and two half baths.
#4) 27 Mott Lane, Houston $27,500,000
Piney Point is perfection in modern architecture and design, nestled in a private point with 8.7 acres overlooking Buffalo Bayou. Finishes and designs include state-of-the-art steel, cast concrete, floor-to-ceiling glass windows and walls, and zinc siding.
The home is 14,868 square feet with four bedrooms, four full bathrooms, and three half baths. The sprawling mansion includes a massive bamboo walk-in closet, spa, an Olympic-quality gym, wine cellar, and more.
#3) 120 Carnarvon Drive, Houston $29,500,000
This home is a quintessential country estate, with landscaping reminiscent of the English countryside and a sprawling, stately mansion swathed in climbing ivy. The manor has three floors of beautiful classic architecture, and the grounds lay elegantly across four acres.
The architecture and design blend English manor and French chateau, with gold gilding, silk upholstered walls, vaulted ceilings, walnut floors, and French fountains. The 26,638 square feet include six bedrooms, seven full bathrooms, and nine half baths.
#2) 2920 Lazy Lane Boulevard, Houston $29,500,000
Completed in the 1990s, the “Adagio” estate features a main villa with classic Italian architectural design and a large compound with tennis courts, a private pool, guest apartment, caretaker’s quarters, and a two-floor garden atrium.
Sitting on 4.5 acres, the magnificent villa is 17,405 square feet and holds multiple entertaining spaces, a billiards room, studies, five large bedrooms, nine full bathrooms, and one half-bath. Other details include beautiful crown molding, balconies, and an elevator.
#1) 6915 Baltimore Drive, University Park $37,500,000
This listing features a newly designed Palm Beach Mediterranean villa on 1.84 acres in one of Dallas’ most elite neighborhoods. The estate commands 23,688 square feet across two levels of magnificent stately architecture.
The home’s interior will feature six bedroom suites, eight full bathrooms, three half baths, a library, office, two-story Great Room, living and dining rooms, game room, gourmet kitchen and breakfast room, and last but not least, mud and laundry rooms. The second floor will have a private theater with concessions, a yoga studio, a gym, and a spa.
Get Your Dream Home Today!
Some of these homes might be out of your price range. Go figure! But now that you have a solid understanding of the overview of the Texas real estate market and the range of prime real estate prices in Texas, what’s next?
First, take time to evaluate the home that best suits you and your family.
Next, find a reliable realtor to help you in the process. Happy house hunting!