DALLAS — Read this story and more North Texas business news from our partners at the Dallas Business Journal
Luxury custom homes starting at about $3 million are heading to Bartonville, a small town near Argyle in Denton County.
The forthcoming neighborhood, located near Liberty Christian School and in the same general area as the Lantana master-planned golf course community, features custom-homes by Lingenfelter Custom Homes, Pentavia Custom Homes and Denton Creek Builders. About 30 lots within the development are still available.
Lewisville-based Cana Capital developed the lots, each two acres. The property totals 87 acres and some of the lots come with the ability to keep horses. The minimum home size for the neighborhood is 4,800 square feet.
Because the homes are custom, prices will range. However, homes in the neighborhood will likely start at $3 million. The neighborhood is in Argyle ISD.
“It’s a very unique product,” said Swapnil Sharma, real estate agent with Compass and team lead for the Sharma Group. The Sharma Group is listing the lots for custom build opportunities.
The Flower Mound-based firm specializes in luxury homes, and assists clients in various parts of DFW. The firm covers a broad area because its clients tend to have needs across the entirety of North Texas rather than specific markets. The group has eight agents currently.
The area surrounding the development has seen steady growth. Nearby Lantana, developed by Republic Property Group and Forestar, brought in about 4,000 single family homes and approximately 13,000 residents.
The number of new homes has risen in some communities toward the northern stretches of DFW. However, new home construction has stagnated or tumbled in most other cities north of Dallas and Fort Worth, according to the latest roundup of single-family building permits in Collin, Denton and Grayson counties.
The number of new home building permits issued through July 31 has soared 36% this year in Celina and 31% in Princeton, according to data compiled by Addison-based Tomlin Investments.
Permits in Little Elm fell 49% to 403 this year compared to 783 in January-July 2022. Denton is down 19%, with 625 permits this year; Melissa is off 7%, with 588 permits so far; and Anna is essentially flat with 635 homes permitted thus far in 2023.
Demand for luxury homes isn’t quite at the frenzy seen over the last few years, Sharma said. Multiple offer scenarios aren’t as frequent, though they do happen still for well located, desirable homes.
“The good thing is we’re in Texas and we’re seeing growth,” she said. “It’s kind of a stable market over here.”