@centamont on Instagram (opens in a new tab)

Dallas

Uptown, Turtle Creek and the Arts District, where Dallas buyers trade a house for a tower: where new buildings rise, and how Texas sells a new condominium with fewer filings and lower closing costs than our other markets.

Market note Planned Updated 4-minute read
TRINITY RIVER5001,0001,500 ft
Downtown Dallas from the Trinity River, looking east, at the same scale as the Miami and New York views. Heights are drawn to scale, and the spacing between towers is adjusted so each one reads. In bronze, an illustrative tower under construction, not a real project.

The market in brief

Dallas is planned next, together with Los Angeles, after South Florida and New York. Its new condominiums gather in Uptown, along Turtle Creek and in the Arts District, and its buyers include people moving from other states and Dallas families leaving a large house for a tower. We are preparing the market now and will open it once our first two stand on their own.

Area
Uptown, Turtle Creek, the Arts District and Downtown, within the wider Dallas–Fort Worth region
Status
Planned, with Los Angeles, after South Florida and New York
Before any sale
No state review of the offering; each buyer receives a condominium information statement
Deposits
Held in escrow in Texas until closing, a buyer’s default or a refund
Transfer tax
None in Texas

We will add market figures here when we open Dallas, drawn from the same kinds of sources as our other market pages.

Where new buildings rise

Uptown

North of Downtown along McKinney Avenue, a walkable neighborhood of residential towers close to restaurants, the Katy Trail and Klyde Warren Park.

Turtle Creek

A wooded creek and boulevard just north of Uptown, lined with many of the city’s established residential towers.

The Arts District

The museums and concert halls on Downtown’s northern edge, where a few residential towers look over Klyde Warren Park.

Downtown

The towers of the city’s center, where some older office buildings have been turned into residences beside new residential buildings.

How a purchase works here

Texas does not review a condominium offering before it is sold. Instead the developer must give each buyer a condominium information statement, and under section 82.156 of the Texas Property Code (opens in a new tab) a buyer who signs before receiving it has five days after receiving it to cancel, with every payment refunded. The developer cannot require the buyer to close until the statement has been delivered.

Under section 82.158 (opens in a new tab), deposits paid to the developer are held in escrow in Texas, by a title company, an attorney, a broker or an insured institution, until closing, a buyer’s default or a refund.

Closing costs are lower than in our other markets: Texas has no transfer tax and no state income tax. Property taxes are set locally and carry more of the cost of owning, so a buyer who makes the home a primary residence should apply for the homestead exemption, which since voters approved it in November 2025 takes $140,000 off the value for school taxes.

Texas has no statute that sets warranty periods for a new home, so the builder’s written warranty and the contract carry the weight. Read both before signing.

What a developer works with here

  • No state filing before the first contract. The launch date is set by the documents, the developer and the lender, not by a state review.
  • Deposits that stay in escrow. Deposits wait in escrow until closing, so construction is funded by equity and debt, as in New York, and the lender’s pre-sale requirement is the first milestone.
  • The statement before the signature. Delivering the information statement before the contract is signed keeps a late cancellation window from opening on a sale already made.
  • Carrying costs. With no transfer tax and higher property taxes, the cost of holding unsold units weighs more than the cost of closing them, so pace of sales matters from the first week.
  • Buyers from New York. Marketing a Texas building to New York residents brings New York’s filing rules with it, as our New York page explains.

Costs and rules at a glance

Transfer tax
None
State income tax
None
Property tax
Set each year by the county, the city and the school district
Homestead
$140,000 off the value of a primary home for school taxes
Cancellation
Five days after receiving the information statement, if it arrives after signing
Warranty
Set by the builder’s written warranty and the contract, not by statute

A launch, step by step

  1. Documents. The declaration, the information statement and the escrow agreement are prepared, and prices and lines are set against the buildings buyers compare.
  2. Launch. Purchase contracts are signed, each buyer receiving the information statement first.
  3. Construction. Deposits stay in escrow. Weekly reporting shows whether pace meets the lender’s threshold.
  4. Closings. Title passes to the buyer, with no transfer tax due.

What we will do here

When we open Dallas, we will work as we do in our other markets: advice before launch on pricing, unit mix, plans and amenities, the buyer profile and the launch strategy, then a sales report every Monday against the plan. If you are planning a building in Uptown, on Turtle Creek or Downtown, we are glad to talk it through now. 

Sources

  1. Texas Property Code, section 82.156 (opens in a new tab) and section 82.158 (opens in a new tab).
  2. The 2025 homestead amendment, as reported by FOX 4 Dallas–Fort Worth (opens in a new tab).

General information only, not legal, tax or investment advice. Texas law and local tax rates change, and every project is different. Review any purchase or project with a Texas real estate attorney.

Write to the partnersPrivate clients

All notes