Fort Worth, not Dallas, is currently home to the most expensive foreclosures in North Texas, with two luxury properties valued at over $1.6 million each now bank-owned and listed for sale.
According to Zillow, the two most expensive foreclosed properties in the Dallas-Fort Worth metroplex are located in Fort Worth: one in the prestigious Montserrat community and the other in River Crest Landing, a gated neighborhood just west of downtown.
A Tale of Two High-End Homes
At least 79 Fort Worth properties are currently listed as foreclosed, in foreclosure, pre-foreclosure, or auction-bound on Zillow—just one more than Dallas. But in terms of price, two Fort Worth homes clearly lead the region.
Key Listings in Distress
| Property | Street Address | Listing Price | Zestimate® | Sq. Ft. | Beds | Status | Listed/Foreclosed Date | Zillow Link |
|---|---|---|---|---|---|---|---|---|
| Montserrat | 4701 Benavente Ct, Fort Worth, TX 76126 | $2,847,811 | N/A | 5,685 | 5 | Foreclosed | Foreclosed Mar 21, 2024 | Zillow |
| River Crest | 1600 River Crest Ct, Fort Worth, TX 76107 | $1,638,900 | $1,638,900 | 5,007 | 5 | Foreclosed | Foreclosed Dec 11, 2023 | Zillow |
BENAVENTE COURT (MONTSERRAT)
The $2.8 million Benavente Court home in Fort Worth’s prestigious Montserrat neighborhood is the most expensive foreclosed listing in the Metroplex. A sprawling 5-bedroom, 5,685-square-foot estate, the home was foreclosed on earlier this spring and is now owned by the bank.
Originally built in 2012, the property features vaulted ceilings, hand-scraped hardwood floors, a gourmet kitchen with Viking or Wolf appliances, a two-story great room, game room with kitchenette, and extensive outdoor living space. It’s nestled within a gated community known for 24-hour security, private parks, stocked fishing ponds, and walking trails.
This listing, surprisingly, only includes aerial photography, and no street view is available through Google Maps, a consequence of the home’s secluded location behind Montserrat’s guarded gates.
RIVER CREST COURT
Just minutes from Fort Worth’s Cultural District, this 5-bedroom, 5-bath estate in the River Crest Landing community is listed at $1.6 million following a December 2023 foreclosure.
Originally listed at nearly $2.8 million in late 2024, the River Crest home features an upscale kitchen, sauna, a covered outdoor kitchen with a fireplace, a mosquito system, and foam insulation. The luxurious primary suite includes a soaking tub, coffered ceilings, a fireplace, and even a private laundry.
Market Shifts and Economic Context
Both homes have experienced significant price fluctuations over the past 18 months, indicating a volatile luxury housing market in Fort Worth.
Benavente Ct – Price History
| Date | Event | Price |
|---|---|---|
| 2018 | Listing removed | $499,000 |
| Mar 21, 2024 | Foreclosed (lender takes possession through auction) | $176,433 |
| Current | Listed by bank | $2,847,811 |
River Crest Ct – Price History
| Date | Event | Price |
|---|---|---|
| Dec 11, 2023 | Foreclosed | $239,223 |
| Dec 30, 2024 | Listed for sale | $2,779,000 |
| Jan 4, 2025 | Listing removed | $2,779,000 |
| Current | Listed by bank | $1,638,900 |
The River Crest property has decreased in value by more than $1 million since its original listing seven months ago. Meanwhile, Benavente’s value skyrocketed from its foreclosure price of $176,433 to a current bank listing of $2.8 million.
Terms to Know
| Term | Definition |
|---|---|
| Foreclosure | Legal process where the lender recovers unpaid loan by selling the home. |
| Foreclosed | Bank has taken full ownership (REO – Real Estate Owned). |
| Pre-Foreclosure | Owner has missed payments, but the home has not yet been repossessed. |
| Auction | Property sold to the highest bidder, often at a price below market value. |
Bigger Picture: Fort Worth vs. Dallas
| City | Distressed Listings (Zillow) |
|---|---|
| Fort Worth | 79 |
| Dallas | 78 |
Dallas made waves earlier this month for having three million-dollar properties in foreclosure, according to Zillow, as reported by The Dallas Express. However, Fort Worth quietly surpassed Dallas in both the volume of total properties and the value of the top-line estates.
Despite lacking the same density of luxury real estate, Fort Worth’s surge in high-end foreclosures—particularly behind gated walls—is noteworthy. Both properties profiled were built after 2010, bucking the Dallas trend of high-dollar distressed homes built in the 1970s.
The data suggest that even in neighborhoods of manicured lawns and private guards, economic pressure—whether from job losses, interest rates, or overleveraging—is finding cracks.
With Zillow’s visibility into these market shifts and Fort Worth’s lead in big-ticket foreclosures, it’s clear: DFW’s luxury market is feeling the squeeze—and Fort Worth is where the pain is most visible.