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    Most Expensive Listing

    The most expensive home for sale in Texas is right here in Dallas

    Lindsey Wilson
    May 13, 2016 | 3:04 pm

    Start saving your pennies: The most expensive home listing in all of Texas happens to be located in Dallas.

    Trulia recently picked out the priciest listing on the site in each state, and coming as a surprise to no one, 5950 Deloache Ave. is located in Preston Hollow. Your neighbors could be former President George W. Bush, Mavericks owner Mark Cuban, and business tycoon Ross Perot — if you have $28.5 million, that is.

    The "pied-á-terre," as Trulia quaintly calls the 15,254-square-foot mansion, was designed by legendary architect Robert A.M. Stern and constructed in 1997 by John Sebastian. It was first listed at $37.5 million in 2014, so this price drop could almost be called a deal.

    Four bedrooms and six-and-a-half bathrooms are part of the main structure, but spread out over the 9-acre estate you'll also find a lake, several terraces, gardens, a tennis court, pool, and two-story guest house.

    Inside the three-story main house there's a spa, library, leather-walled billiard room, master suite complex (because a suite itself simply isn't enough), and a natatorium for all your indoor swimming needs.

    A five-car garage, elevator, basement, and oodles of marble, ornate plaster work, and soaring ceilings complete the home, which is listed with Erin Mathews at Allie Beth Allman.

    Trulia estimates your monthly mortgage to be around $160,000. If that makes your heart stop, focus instead on the number $1,868, which is the estimated cost per square foot.

    Indoor hot tub: check.

    5950 Deloache Ave. for sale in Dallas swimming pool
      
    Photo courtesy of Allie Beth Allman and Assoc.
    Indoor hot tub: check.
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    Rent report

    Dallas boasts 2nd highest spike in millionaire-renters nationwide

    John Egan
    Jun 5, 2025 | 4:30 pm
    Luxury apartment
    Photo by Francesca Tosolini on Unsplash
    More millionaire renters means more luxury apartments.

    Sure, plenty of Dallas millionaires own swanky homes in the Park Cities. But in recent years, Dallas has seen a huge spike in the number of millionaires opting to rent rather than own a place to live.

    A new report from apartment search website RentCafe ranks the Dallas metro area as the second fastest-growing U.S. market for millionaire renters from 2019 to 2023.

    The number of millionaire renter households in Dallas-Fort Worth soared more than 1,200 percent — from just 14 in 2019 to 185 in 2023, according to the report.

    Looking at DFW's millionaire-renter data another way, the region ranked 14th for the sheer number of households (185) occupied by millionaire renters in 2023, the report says.

    “Many of today’s high-income renters live in metro areas … where the abundance of apartments as well as sky-high costs of homeownership make renting the more practical and cost-effective option,” RentCafe explains.

    The report largely attributes a nationwide 203-percent bump in millionaire-renter households to a 60-percent spike in the number of millionaire renters among millennials from 2019 to 2023.

    Still, in DFW, the number of millionaire homeowners far outweighs the number of millionaire renters. The report tallied 3,133 local millionaire-owner households in 2023, earning it 11th place on the list of hotspots for millionaire owners.

    RentCafe based its report on data from the Integrated Public Use Microdata Series (IPUMS) website.

    Elsewhere in Texas
    Dallas was bested only by Houston, which ranked No. 1 nationwide for the biggest spike in millionaire renters.

    The number of Houston millionaire renters swelled from just seven in 2019 to 179 in 2023, according to the report. Houston’s growth rate for that time period — nearly 2,500 percent — put it at the top of the rankings. Houston ranked 15th for the number of millionaire-renter households (179) in 2023.

    However, Houston landed behind Dallas (No. 12) in the ranking of the number of hotspots for millionaire homeowners (3,050).

    The Austin metro area landed at No. 19 for growth in the number of millionaire renters. That figure climbed from 90 in 2019 to 207 in 2023, or 130 percent, the report shows. Austin ranked 12th for the number of millionaire-renter households in 2023.

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