Preston Hollow Neighborhood Guide

Angela Patterson

Forget everything J.R. Ewing taught you about "Dallas", Preston Hollow has some of the most expensive and luxurious homes in the state. You don’t have to be an oil tycoon to live here but it may help pay the mortgage if you’re a professional athlete or own the team.

Neighborhood Overview

You might call it “surreal estate” because Preston Hollow is one of the wealthiest neighborhoods in Dallas. Named for the deep-wooded area with creeks and hollows, it is roughly bounded by Northwest Highway on the south, Royal Lane on the north, Preston Road on the east, and Midway Road on the west. It’s about five miles north of downtown Dallas. If you can afford the price tag, you can enjoy the luxury of privacy, security and the esteem that comes with living in Preston Hollow.

There are no cookie-cutter planned subcommunities here. Beautiful homes on lots up to 25 acres are currently on the market from less than a million dollars to $15 million. Current properties for sale range from $250 per square foot to over $1,000 per square foot. Many of the 1940s-era homes are being torn down and mansions are being built. Many homes are gated and homes under construction have their own security team.

Shopping and Dining

Lucky Preston Hollow residents don't have far to travel for a shopping spree in Big D. The Plaza at Preston Center is a unique urban oasis with one-of-a-kind boutiques like Swoozie's and Castle Gap Jewelry. If your feet become tired from all that shopping, stop in at Tootsie's.

Preston Royal Village has the charm of family-run businesses like Dougherty's Pharmacy as well as high-end clothing stores. And in case you don't know your gouda from your gloucester, there's Molto Formaggio: The Cheese Shop for all your cheese-related questions.

If you're in The Plaza at Preston Center, feed your upscale appetite with some great Mexican food at Taco Diner, salads or burgers at Houston's, or indulge in an adult beverage in the cozy R+D Kitchen.

Satisfy your appetite in Preston Royal Village with some Oyster Nachos at Fish City Grill or visit Dallas' oldest pizzeria, Pizza By Marco. Neuhaus Café offers salads, sandwiches and breakfast is served daily until 3 p.m.

All About the Schools

Preston Hollow is in the Dallas Independent School District and includes Preston Hollow Elementary School, Benjamin Franklin Middle School and Hillcrest High School.

Some of the best private schools in the Dallas area are located in or near the Preston Hollow area. Schools popular with residents are: Hockaday School, Episcopal School of Dallas, St. Mark’s School of Texas, Ursuline Academy of Dallas and Jesuit College Preparatory School of Dallas.

Neighborhood Fun Facts

You can’t make a TV series out of Preston Hollow’s zip code, as there are just too many to choose from: 75220, 75225, 75229, 75230 and 75244 all apply. Hollywood actors Luke and Owen Wilson grew up in Dallas; Luke still owns a house here. He attended neighboring Southern Methodist University while Owen went to the University of Texas in Austin.

Famous residents include:

  • Former President of the United States George W. Bush and his wife, former First Lady Laura Bush.
  • Mark Cuban, owner of the NBA's Dallas Mavericks.
  • Roger Staubach, Hall of Fame quarterback for the Dallas Cowboys.
  • H. Ross Perot, Texas businessman who founded EDS (Electronic Data Systems) and ran for President in 1992 and 1996. He was ranked by Forbes, as the 68th-richest person in America in 2008.
  • T. Boone Pickens, billionaire oil and gas businessman and proponent of solar and wind energy. Forbes ranked Pickens in the top 400 richest Americans.