Those in the market for a multi-million dollar home in Dallas are getting their first peeks at Knox Villas in Dallas’ Knox-Henderson neighborhood.
Dallas-based SHM Architects and interior designer Studio Thomas James will design the community of 12 custom homes at 4423 Cole Ave. Developer Kairoi Residential is behind the project.
Pricing for the homes starts at $4.5 million, and several reservation agreements have already been signed, said Maria Cintron, an executive vice president of marketing with Briggs Freeman Sotheby’s International Realty.
The first homes are set to be finished in early 2027, Cintron said.
The 12 homes are expected to average approximately 3,700 square feet, excluding the attached private garage or terraces.
D-FW Real Estate News
AllianceTexas drives nearly $143 billion in economic impact since 1990
AllianceTexas, Hillwood’s 27,000-acre, master-planned development in north Fort Worth, has generated an estimated $142.9 billion in regional economic impact since 1990.
That includes an estimated $12.5 billion generated in 2025 alone, according to Insight Research Corporation’s annual report.
Total investment in AllianceTexas reached $18.3 billion in 2025, including $16.7 billion from the private sector and $1.6 billion in public investment. Since 1990, AllianceTexas has contributed $4.6 billion in property taxes to local public entities.
AllianceTexas is now home to 602 companies and directly supports 73,134 jobs. Since 1989, 64.7 million square feet of office, retail and industrial space have been developed, Hillwood said in a statement.
Hillwood is continuing to expand its industrial pipeline at AllianceTexas with four buildings totaling more than 3.4 million square feet currently under construction.
“AllianceTexas is a powerful example of sustained growth and continued exponential return on investment for our public partners and the residents of the communities we serve,” Mike Berry, president of Hillwood, said in a statement. “The momentum we’re seeing with industry leaders like Wistron, MP Materials, Embraer and even SGS Studios reflects the power of strong collaboration and a shared vision for the future. What we’re building together is just the beginning of a generational opportunity for Texas.”
D-FW listings increased through period of high mortgage rates
Amid a period of rising mortgage rates, the Dallas metro area ended up with more listings and a slight increase in the average listing price per square foot.
Four years ago, mortgage rates started rising, reaching 7.79% in October 2023, according to a Realtors.com report. Higher mortgage rates were expected to cool demand and lower prices, but regions in the U.S. responded differently.
In a period from January 2022 to January 2026, the metro area had one of the biggest increases in active listings of the 50 largest metros in the United States. Active listings in the Dallas-Fort Worth-Arlington metro increased by about 365%, according to the Realtors.com report.
Meanwhile, the median listing price per square foot in the area increased by about 3%, a lower increase than most other metro areas.
The average 30-year fixed-rate mortgage is 6.01% as of mid February, down to its lowest level since September 2022, according to the federal home loan mortgage corporation Freddie Mac.
Jiayi Xu, an economist at Realtor.com, said that even though there are high interest rates, demand in the Dallas area is still strong, particularly for investors.
Other Texas cities, like Austin, had a similar result. Austin had a higher inventory growth increase of 385%, but a lower listing price change, dropping about 11%.
The southern portion of the U.S. had an inventory increase of 214% while the average listing price per square foot increased by 12%. Metros in the Northeast, Midwest and West all had a smaller increase in active listing prices.
The inventory increase in Dallas and other metros is a reversal from the tight market of the pandemic era, according to the report. New construction and listings spending longer time on the market contributed to the inventory recovery.