The microstructure evolution, tensile properties, and strengthening mechanisms of a near-α high-temperature titanium alloy with high Zr and Si content during isothermal multi-dimensional forging (IMDF) at the β-phase region were systematically investigated. The results show that the alloys exhibit a basket-weave microstructure after IMDF, with the silicides diffusely distributed in the matrix. As the forging temperature decreased, the intragranular primary α laths became more refined and the volume fraction of silicides increased, while the average size of silicides gradually decreased. The dynamic spheroidization of α laths occurs preferentially at the prior β grain boundary and extends into the grains as the deformation temperature decreases. The IMDF-1100 alloy possesses excellent high-temperature tensile properties and moderate room-temperature tensile properties, with ultimate tensile strengths (UTS) of 738.4 MPa and 1124.8 MPa at 650 °C and room temperature, respectively, which makes the alloy have tremendous potential for aerospace applications. The strengthening of the alloy at room temperature is primarily attributed to microstructure refinement and the thermal mismatch between silicide and matrix. However, owing to the weakening of grain boundaries at 650 °C, grain refinement leads to a decrease in tensile strengths. When tensile at 650 °C, the fragmentation and decohesion of large-size silicides tend to cause premature fracture of the alloy, and the microstructure with small-size silicide distribution presents better ductility.