Dallas, Texas
Preston Hollow, Dallas
A North Dallas estate area about 6 miles from downtown that was its own town from 1939 until its 1945 annexation.
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Inside Preston Hollow
Preston Hollow is the North Dallas area most people picture when they think of big lots, tall trees and custom estates along Preston Road. Developer Ira P. DeLoache started carving lots from farmland in 1924, the area incorporated as its own town in 1939, and residents voted to join Dallas in 1945. Today it mixes original 1930s to 1950s homes, ranch houses on wide lots and newer custom builds of 6,000 square feet or more, which makes it a fit for buyers who want space and privacy inside the city limits, and for sellers who own the land those buyers want.
The lesson here is that the lot often matters more than the house. Preston Hollow has a long history of ranch teardowns, so a 1950s home on a large, well-shaped lot can be valued by builders for the dirt, while a newer home on a smaller lot is valued as a finished product. Whether you are buying or selling, I separate land value from improvement value with recent comparable sales on similar lots, so you can see the price from both a homeowner's and a builder's point of view.
Around Preston Hollow
Photos via Wikimedia Commons. Fountain Place: Matthew T Rader, CC BY-SA 4.0 · Dallas Arboretum: David R. Tribble (Loadmaster), CC BY-SA 3.0 · Downtown Dallas: Roland Arhelger, CC BY-SA 4.0
Preston Hollow Park (7.2 acres), Netherland Park (5.3 acres), Preston Royal Library (opened 1964), Close to Preston Center shopping and offices, Private schools nearby including St. Mark's School of Texas and Ursuline Academy
Commonly described as Northwest Highway to Royal Lane and Hillcrest Road to Midway Road, with Preston Road as the main spine and University Park to the south. Old Preston Hollow, the former town, is the smaller area bounded by Preston Road, Walnut Hill Lane, Midway Road and Northwest Highway.
For tax year 2025, a Dallas ISD address in Dallas County paid about 2.23% combined before exemptions (City of Dallas 0.6988, Dallas ISD 0.993835, Dallas County 0.2155, Parkland Hospital 0.212, Dallas College 0.106575 per $100). On estate-level values the tax bill is a major part of the monthly cost, so I pull the appraisal record and exemptions for each address.
Where Preston Hollow sits
Drive times, schools and shopping around it. Ask me for a tour of the area.
Meet Miguel.
Miguel Gomez is a Texas REALTOR® with Texava Brokerage. He works with first-time home buyers, new construction and families relocating to North Texas, and he gets back to you the same day.
About Preston Hollow
What are the boundaries of Preston Hollow in Dallas?
What schools serve Preston Hollow?
How much is my Preston Hollow home worth?
Is Preston Hollow a good place to buy a teardown?
Every home that sold in Preston Hollow, last 90 days
Sale price, price per square foot and days on market for each sale, pulled from the MLS by Miguel. Useful if you are thinking about selling or want to know if a listing is priced right.
New listings in Preston Hollow, straight from the MLS
Miguel sets up an MLS search with your price range, and new homes reach you the day they hit the market, with photos, price and history. Your number stays with Miguel.
Looking in Preston Hollow?
I track new listings, resale history and builder incentives here. Tell me what you need and I'll send what fits.
- Wikipedia: Preston Hollow, Dallas
- Homes.com: Preston Hollow, Dallas neighborhood homes and market data
- Dallas County Tax Office: 2025 Tax Rates
HOA dues, MUD and PID assessments and school zoning change by section. Miguel verifies them for every address.