Southlake benefits from the prestige and convenience of being a prospering city while still retaining its small-town charm and integrity. At this point, there are more than 40 housing districts in the city. Most offer half to one-acre lots, and owner satisfaction is in full evidence.

As one might expect from a growing, vibrant and wealthy community like Southlake Texas, the real estate situation is excellent for those who can afford to get in. Due to rapid growth in the past decade, many new home neighborhoods have been built in Southlake. Most are high quality and very desirable locations. These Southlake neighborhoods are carefully planned with consideration for the natural surroundings and quality environments that make Southlake a great place to live. Most communities offer a wide variety of amenities and activities for people of all ages, making Southlake Texas a superb place to raise a family.

One such neighborhood is Cambridge Place in east Southlake. Cambridge Place contains about 145 homes, most of which were constructed between 1997 and 2002. The typical lot sizes range from .3 to .75 acre. This neighborhood is part of the Carroll Independent School District. Community amenities include: a neighborhood park, a greenbelt with trails, a lake/pond, lots of jogging/bike paths, a children's playground and a home owners association. The median sale price of recently sold homes in Cambridge Place is $722,000, with an average house size of 4600 square feet.

Another outstanding neighborhood is Coventry Manor. Located in east Southlake, this neighborhood has around 100 homes that were built from 1996 to 2001. The typical lot size ranges from .5 to 1 acre. This neighborhood is part of the Carroll Independent School District. Some of the community amenities are a neighborhood park, a greenbelt, jogging and bike paths, a children's playground and a home owners association. The average sale price of a home in Coventry Manor is $828,000, and the median house size is 5600 square feet.

Estates Park of Southlake is another great new neighborhood in north Southlake. Construction is ongoing, but the neighborhood is expected to contain about 190 homes when it is complete. The first homes were built in 2004, and the typical lot size is about .5 acre. This community is part of the Carroll Independent School District. Some of the neighborhood amenities include: a neighborhood pond, greenbelt and walking paths and a home owners association. Recently sold homes have averaged around $930,000 and 5000 square feet.

Yet another excellent and fairly new neighborhood that is attracting a lot of attention is Laurelwood Park in central Southlake. This is a small and exclusive neighborhood, with only about 25 homes, all of which were built between 1999 and 2002. However, the typical lot size is a larger than average 1 acre. This community is part of the Carroll Independent School District. Neighborhood amenities include, but are not limited to: a greenbelt and jogging path, a neighborhood lake/pond and a home owners association. The median sales price of recently sold homes in Laurelwood Park was $1,555,000. The average house size is a whopping 7600 square feet.