A newly finished estate in Highland Park is testing the market at a jaw-dropping $21.5 million, putting a fresh Mediterranean-style build in the middle of one of Dallas’ priciest pockets. The two-story house replaces an earlier residence on the block and stretches to roughly 11,430 square feet, with multiple patios and an in-ground pool. The listing leans into the usual Park Cities trump cards: Highland Park ISD schools, walkable access to Highland Park Village and close proximity to the Dallas Country Club.
The Dallas Morning News first reported the $21.5 million ask. The property’s online listing on Zillow shows an interior layout of five bedrooms and seven bathrooms across about 11,430 square feet, and it carries the MLS details for prospective buyers and their agents.
Design and amenities
Robert Elliott Custom Homes is listed as the builder, and the marketing for the house makes a clear bid for buyers who like to entertain. The MLS listing on Compass and the builder’s site outline parallel patios on both levels, a grand staircase, a first-floor suite, a formal bar and study, plus a game room and loft.
Listing photos and the property description highlight floor-to-ceiling steel windows and balconies that frame views of the backyard, pool and glimpses of downtown. The pitch is straightforward: a move-in ready trophy build for buyers who would rather write a check than oversee a years-long construction project.
Price versus public valuation
On paper, the house’s tax value sits far below its asking price. The Dallas Morning News cites a Dallas Central Appraisal District valuation of about $8.4 million, while the tax section on Zillow shows a 2025 assessed value closer to $5.38 million. That gap - common with newer high-end builds listed at premium prices - underscores the spread between what public records say and what sellers hope the luxury market will bear.
Where it fits in the market
The listing lands in the middle of an active moment for upper-tier real estate in the Park Cities. A May roundup of sales from Homes.com flagged a $24.9 million Highland Park sale among the region’s top deals, a reminder that there is still an audience for very large, very expensive houses in this slice of Dallas.
According to Homes.com, trophy new construction and turnkey estates remain in demand with both local and out-of-market buyers. That appetite helps explain aggressive pricing up and down estate-heavy blocks like Gillon Avenue.
The house is listed by Ty Vaughn of Robert Elliott and Associates. Listing pages and the agent’s profile include full photo galleries, a detailed feature list and contact information for private showings, along with a virtual tour for anyone who wants to scope out the place before stepping onto the stone walkway.
