University Park, Dallas

Prestige, Academic Heritage, and Refined Living in the Park Cities

A Community Rooted in Education and Elegance

Nestled immediately north of downtown Dallas, University Park spans just under four square miles but stands as one of the most coveted residential enclaves in Texas.

Along with Highland Park, it forms the storied Park Cities, renowned for their exclusivity, green spaces, and architectural pedigree.

The city owes its name and identity to Southern Methodist University (SMU), which opened in 1915 and quickly became the nucleus of the community.

Early homeowners relied on the university for utilities until growth demanded self-governance.

By 1924, residents voted to incorporate, and University Park began its rise as a sophisticated, family oriented town.

Today, it remains a unique blend of historic charm, academic influence, and contemporary luxury, consistently ranking among the wealthiest small cities in the nation.

Architectural Character & Neighborhoods

University Park offers an extraordinary variety of residential architecture, reflecting both its heritage and its ongoing transformation:

• Historic Estates – Early 20th century Georgian, Tudor, and Colonial Revival homes, many meticulously restored.

• European Inspirations – French Provincial, Mediterranean, and Spanish Colonial residences with expansive outdoor courtyards.

• Modern & Transitional Builds – Sleek lines, open floor plans, and luxury amenities that appeal to today’s buyers.

Notable Neighborhood Pockets

• Near SMU & Hillcrest Avenue – Larger lots, older estates, and proximity to cultural landmarks.

• West of Preston Road – A hub for new construction, transitional luxury homes, and custom builds.

• North of Lovers Lane – Family-focused streets with a mix of traditional homes and modern renovations.

• Turtle Creek Adjacent – Coveted estates near natural greenbelts and winding creek views.

Lot sizes typically range from 0.15 to 0.5 acres, with select properties offering more generous grounds.

Parks, Recreation & Lifestyle

Despite its urban adjacency, University Park devotes significant space to recreation.

The city maintains 12 parks and more than 2,400 acres of green space, including playgrounds, sports fields, and community pools.

Caruth Park and Curtis Park are beloved gathering spots, while the Holmes Aquatic Center is a local summer favorite.

Residents also enjoy walkable access to:

• Snider Plaza – A neighborhood shopping district with boutiques, cafés, and family owned eateries.

• Highland Park Village – A nationally recognized luxury shopping destination featuring Chanel, Hermès, and Dior.

• SMU Cultural Venues – Including the Meadows Museum (renowned Spanish art collection) and Moody Coliseum, host to concerts and athletics.

Education: The Highland Park ISD Advantage

Education is one of University Park’s strongest draws.

Families relocate from across the country to secure a place in Highland Park ISD (HPISD), consistently ranked among the best in Texas.

• Elementary Schools Serving University Park: Armstrong, Hyer, and University Park Elementary.

• Secondary Schools: McCulloch Intermediate, Highland Park Middle, and Highland Park High School.

• Highlights: Exceptional student performance, strong athletic programs, award-winning arts, and deep community engagement.

For families seeking private education, prestigious institutions such as The Hockaday School, St. Mark’s School of Texas, Ursuline Academy, Jesuit College Preparatory, and Episcopal School of Dallas are within close reach.

University Park Real Estate Market

University Park continues to define Dallas luxury living. While smaller than Highland Park, it rivals its neighbor in prestige and home values.

• Median luxury home price (Q3 2025): ~$2.95M

• Average price per square foot: ~$730

• Range: $1.8M to $15M+

• Inventory: Roughly 18 listings above $5M at present

• Trend: High demand for both renovated historic estates and new transitional builds, with limited supply fueling competitive bidding.

Key features in luxury homes include custom libraries, wine vaults, gourmet kitchens, outdoor living spaces, and resort style pools, all designed for entertaining and refinement.

Civic Life, Safety & Community Spirit

University Park operates with its own city services, including a combined police and fire department, known for rapid response and strong community presence.

Block parties, youth sports, and long term ownership contribute to a sense of stability and belonging.

Its location, just minutes from Downtown, Uptown, and North Dallas business corridors, makes it especially appealing for professionals who want both convenience and community prestige.

The Distinction of University Park

• Historic Roots: Founded around SMU, blending academic tradition with residential prestige.

• Architectural Diversity: From Tudor estates to sleek modern builds.

• Top-Tier Schools: HPISD remains one of Texas’ strongest education systems.

• Walkability & Lifestyle: Tree-lined streets, boutique shopping, and cultural enrichment at SMU.

• Market Strength: Limited supply, high demand, and enduring property values define the luxury segment.

University Park represents more than just a neighborhood, it’s a lifestyle.

With its academic anchor, architectural richness, and reputation for safety and community, it offers buyers a rare chance to join one of Dallas’ most prestigious addresses while enjoying both sophistication and small town warmth in the heart of the city.