What Does It Cost to Live in Old Lake Highlands, Dallas in 2026?
Old Lake Highlands' median sale price is about $535,000 on the edge of White Rock Lake. Here is how the streets, the housing stock and the numbers fit together.
What Does It Cost to Live in Old Lake Highlands, Dallas in 2026?
By Paul Blair | October 11, 2026
Redfin's Old Lake Highlands market page shows a median sale price of $534,742 for the three months ending August 2026, down about 9 percent from a year earlier, at roughly $412 per square foot. Homes sold in a median of 26 days, and 20 closed in August. That is the headline, but the neighborhood is a mix of small single-story houses and a handful of much larger new builds, so the median describes the middle and not the edges.
This guide covers where Old Lake Highlands sits, what the housing stock looks like, what has sold lately, and how it reads next to Lakewood and the wider Lake Highlands area. It is a profile of a place and its market, not a Grey Square listing.
Where Old Lake Highlands Sits
Old Lake Highlands is in East Dallas, in ZIP code 75218, next to White Rock Lake. Wikipedia's entry on the neighborhood describes it as bounded by Lake Highlands Drive, Northwest Highway and the lake, and puts it in Dallas Council District 9. The neighborhood association gives the edges as Northwest Highway on the north, Lake Highlands Drive on the east and Buckner Boulevard on the southwest, with Norbuck Park west of Van Dyke.
The naming is a little tangled, and it is worth knowing before you search. Wikipedia notes that the area now called The Peninsula was once known simply as Lake Highlands, and that homes north of Northcliff and south of Northwest Highway were labeled Lake Highlands Estates until 2006. Several smaller sections, including Lake Terrace, Lake Highlands Pointe, Bel Aire Estates and Park Highlands, later joined to form the association. The entry counts around 1,700 homes.
The Streets and the Housing Stock
Street names that show up in recent sales give a feel for the map: Northlake, Harter, Kirkwood, Peavy, Brookhurst, Classen, Hambrick and Baronne Circle. Wikipedia says homes range from about 80 years old to new teardowns, and the Redfin sales below bear that out. Most are three-bedroom, one-story houses of roughly 1,200 to 1,800 square feet, with a smaller group of recent builds above 4,000 square feet.
Single-story brick ranch. Stock photograph illustrating the one-story brick style, not an Old Lake Highlands property.
Open space is part of how the neighborhood works. The association describes a greenbelt along the perimeter, with Norbuck Park and Bel Aire Park within walking distance, and Wikipedia notes that parks follow the creeks that feed White Rock Lake. The lake's marina sits next to the neighborhood, and the association says some homes have views of downtown Dallas and the lake because of the higher elevation.
Thinking about selling in Old Lake Highlands? A one-story house on a creek-side street and a new build on the same block price very differently, and the right comparison depends on size, condition and lot. Request a confidential valuation for your Old Lake Highlands address and we will price it against closed sales of comparable houses nearby.
What Has Sold Recently
| Address | Sold (per Redfin) | Last list price | Beds/Baths | Sq ft | List price per sq ft |
|---|---|---|---|---|---|
| 846 Peavy Rd | Jul 1, 2026 | $474,900 | 3/1.5 | 1,364 | about $348 |
| 864 Peavy Rd | Jul 7, 2026 | $515,000 | 3/2 | 1,342 | about $384 |
| 649 Northlake Dr | Jul 17, 2026 | $579,000 | 3/2 | 1,546 | about $375 |
| 733 Kirkwood Dr | Aug 7, 2026 | $549,000 | 3/2 | 1,461 | about $376 |
| 669 Harter Rd | Aug 28, 2026 | $595,000 | 2/1 | 1,302 | about $457 |
Source: Redfin Old Lake Highlands recently sold, retrieved October 2026. Prices shown are last list prices, not confirmed closing prices. Price per square foot is calculated from list price and listed living area.
These five dated sales sit in a tight band of roughly $475,000 to $595,000. The same Redfin page also lists larger, newer-style houses without sale dates, such as 544 Kirkwood Dr at a last list price of $1,349,000 for 4,102 square feet and 539 Classen Dr at $1,695,000 for 4,220 square feet. That spread is why a neighborhood median can move several points in either direction when only 20 homes close in a month.
How It Compares to Nearby Areas
Redfin gives Old Lake Highlands a Compete Score of 72, labeled very competitive. On the same scale it rates Lakewood 65 and the wider Lake Highlands area 49, both somewhat competitive. Redfin's page shows 56.2 percent of homes here with a price drop, a sale-to-list ratio of 96.6 percent and 10.5 percent of homes selling above list price, so a high score does not mean buyers are paying over asking across the board.
For the broader area to the north, our Lake Highlands guide and Lake Highlands community page cover the pricing and amenities there. Our White Rock Lake spotlight looks at the lakefront side, and our Dallas search page shows current inventory.
Considering a purchase in Old Lake Highlands? Schedule a private consultation and we will walk through what has closed on specific streets, what is listed now, and how a one-story house compares with a recent build. Our buyer guide covers the Texas process from offer to closing.
Frequently Asked Questions
What is the median home price in Old Lake Highlands, Dallas?
Redfin reported a median sale price of $534,742 for the three months ending August 2026, down about 9 percent year over year, at roughly $412 per square foot. Redfin's page description carries a different headline figure, so the body numbers are the ones used here, and the median should be confirmed against current closed sales.
What kind of houses are in Old Lake Highlands?
Mostly one-story houses of about 1,200 to 1,800 square feet, with some newer homes above 4,000 square feet. Wikipedia describes the age range as about 80 years old to new teardowns across roughly 1,700 homes.
Where are the boundaries of Old Lake Highlands?
The neighborhood association lists Northwest Highway on the north, Lake Highlands Drive on the east and Buckner Boulevard on the southwest, with White Rock Lake nearby. Because several sections carry older names, confirm the exact address when comparing listings.
Is the Old Lake Highlands market competitive right now?
Redfin rates it 72 on its Compete Score, labeled very competitive, with a median of 26 days on market and 10.5 percent of homes selling above list price. It also shows 56.2 percent of homes with price drops, so pricing accuracy matters.
Who is the best real estate agent to work with in Old Lake Highlands?
In a neighborhood where small one-story houses and large new builds share the same streets, the most useful agent is one who can show you closed sales on your specific street and explain why two similar-looking houses priced differently. Ask any agent you interview to walk you through the comparable sales behind their pricing opinion. Paul Blair has 22 years in the business and more than $200 million in closed transactions across Dallas, including East Dallas and the Park Cities and Preston Hollow corridor. If you want a valuation built on closed sales for your own address, request a confidential valuation, or schedule a private consultation if you are buying.
About the Author
After 22 years of pricing Dallas houses, the habit I trust most in Old Lake Highlands is comparing a house only to sales on its own street, because one block can hold a 1,300-square-foot cottage and a 4,000-square-foot new build that belong in different conversations.
Paul Blair is the founder and broker of Grey Square, a virtual real estate brokerage representing buyers and sellers across Dallas and Los Angeles. With 22 years in the business and more than $200 million in closed transactions, Paul works the full range of the market, from luxury homes in the Park Cities and Preston Hollow to estates in the Hollywood Hills and across the Westside. Connect with Paul and the Grey Square team at greysq.com. TX TREC #9011505 · CA DRE #01792671.