High purity anatase titanium dioxide (TiO2) and iron (Fe)-doped TiO2 nanocrystals were prepared by a continuous flow synthesis method using isopropanol-water mixtures as solvent in supercritical or near-critical conditions. The method allows complete control of size (5–20 nm) and crystallinity (10–100%) of the nanoparticles and provides quick synthesis with a residence time of ∼10 s that can be scaled up to commercial production. It is found that the average crystallite size can be easily controlled by adjusting the ratio between isopropanol and water in the solvent, whereas the crystallinity is mainly controlled by the reaction temperature. As-prepared Fe-doped TiO2 nanoparticles appear to be single phase, but Fe3+ ions most likely do not occupy the Ti4+ sites in the anatase TiO2 crystal structure.