Located in Tarrant and Denton Counties, Southlake is a far northern suburb of the Dallas Ft Worth Metroplex with a 2010 population of nearly 27,000 residents. Southlake is known for exemplary public schools, Carroll High School’s 8-time state champion football team and the Southlake Town Square.
In December 2008, Forbes.com named Southlake the most affluent small neighborhoods in the United States based on average median household income estimates with a mean household income of $216,393. The average homes for sale in Southlake costs around $784,522 and has 4 bedrooms, 4 bathrooms and around 4,000 square feet. In the early 90’s when Southlake began developing master-planned neighborhoods, the minimum lot size was 1 acre. Later the City of Southlake reduced the minimum lot size to 1/2 acre, and later 1/3 of an acre. These master-planned upscale neighborhoods began popping up all over the western portion of Southlake Boulevard.
Some of the larger upscale neighborhoods developed in the 90’s along “The Boulevard” include Monticello Estates, Stoneridge Lakes, Myers Meadow, Stone Lakes, Timber Lake,South Ridge Lakes and Timarron Country Club. In the 2000s when the earlier neighborhoods were finishing out, Southlake began developing portions of its picturesque countryside into luxury neighborhoods. Some of the newer luxury neighborhoods include Clariden Ranch, Estes Park, Stratford Park, Cambridge Place, Shady Oaks, Westwick Hills, The Enclave, Laurelwood Park, Palomar Estates, The Reserve of Southlake, and Versailles.