Mustang Lakes is a new master-planned community in Celina
Located in North Texas, Mustang Lakes is a master-planned community built on land where former Dallas Mayor Bob Folsom once operated a working ranch, raising thoroughbred horses. Today, the development honors its equestrian roots by emphasizing natural beauty and outdoor activities. Live oaks from the original ranch continue to shade the land, and the Folsom family ranch house is now home to The Club at Mustang Lakes, a 20-acre central park and 12,000 square-foot amenity center. “It looks like a Kentucky-style ranch. It feels like you’re in the country even though you’re in a master-planned community,” says John Butcher, a Realtor with Ebby Halliday Realtors. “The amenities are top-notch, and it’s a great place to live. Everyone we’ve put in Mustang Lakes pretty much stays there.” In addition to its recreational offerings, the community has a central location between the cities of Celina, Prosper and McKinney, with most residents living in the top-rated Prosper Independent School District. “The Prosper ISD is one of the top school districts in Texas, and there's an on-site elementary school,” Butcher says.
The Club at Mustang Lakes provides interior and exterior recreational areas for use by the residents of the community.
At Sam Johnson Elementary the students enjoy productive lives in the future they create.
1/2
The Club at Mustang Lakes includes indoor and outdoor spaces
Recreation revolves around The Club at Mustang Lakes, which provides opportunities for indoor and outdoor recreation. Monthly HOA dues cover access to the club, and interior spaces include lounges, meeting rooms and a fitness center overlooking a 5-acre stocked lake with a private island. Wooden bridges provide access to the island, and residents can enjoy a fishing deck and walking paths shaded by flowering crape myrtle trees. The club also boasts lighted tennis and basketball courts, a playground and a swimming pool complex with cabanas. The event lawn hosts community festivities, which residents can find on Mustang Lakes' private Facebook page.
Residents also have access to neighborhood parks with playgrounds, as well as an extensive trail system for walking, running or biking through the community. The master plan for Mustang Lakes features a second amenity center and a total of over 60 acres of green space. While Mustang Lakes doesn’t have golf, it’s about 4 miles from the private Gentle Creek Country Club and its 18-hole course.
The Clubs at Mustang Lakes has plenty of amenities for the residents to enjoy.
The locals of Mustang Lakes can stop by The Club and do a bit of fishing in their 5 acre stocked lake.
1/2
A new home community with various villages and price points
Mustang Lakes consists of several villages with different homebuilders, floor plans and lot sizes that accommodate various budgets. “There’s a good range there,” Butcher says. "All the houses are brick, but they’ve done a good job of letting people do different things." Although all properties feature red or lightly colored brick facades, the neo-traditional design blends traditional and contemporary architectural styles. Select builders allow buyers to create custom homes, and lot sizes range from a quarter of an acre to just over an acre. Prices typically range from $575,000 to $950,000, depending on the property size. Larger estates can sell for $1 million to $2.2 million, with custom-built homes typically being the most expensive. Residents must pay monthly HOA dues, which include front yard maintenance and vary from $150 to $190. Mustang Lakes has an overall CAP Index Crime Score of 1 out of 10, the lowest possible score and significantly lower than the national average of 4.
Mustang Lakes is where you will find your forever home.
Imagine going home to a luxurious brick exterior house in Mustang Lakes.
1/2
Living in the highly rated Prosper Independent School District
The Prosper Independent School District earns an overall grade of A-plus from Niche. Kids can walk or bike to Sam Johnson Elementary School before moving on to Lorene Rogers Middle School, both of which score an A. Walnut Grove High School opened its doors in 2023 and does not yet have a Niche rating. The high school is known for its state-of-the-art facilities, including career and technical education spaces where students can gain hands-on experience in areas such as culinary arts, health sciences and video-game design. Future construction will extend farther north into the Celina Independent School District, which receives an overall grade of A-minus from Niche. Mustang Lakes plans to collaborate with the Celina ISD to build an on-site elementary school for that part of the community.
The faculty at Lorene Rogers Middle School believes each child is capable of great things.
Students at Walnut Grove High School strive towards a productive future.
1/2
Shopping and dining in downtown Celina and The Gates of Prosper
The master plan for Mustang Lakes includes mixed-use developments that will provide residents with access to daily needs and services. The community is also near several historic downtowns in North Texas. Celina is around 8 miles away and offers a walkable business district with local shops and restaurants. Boutiques like Annie Jack sell a curated collection of clothing and home goods, while the dining scene includes everything from Texas-style barbecue at Tender Smokehouse to Southern comfort foods at Lucy’s on the Square. Watering holes include The Silos in Celina, a 100-year-old grain silo that now serves as an upscale cocktail bar and restaurant with an outdoor event space. Residents can also head to downtown Celina for seasonal festivities such as the Celina Friday Night Market and the Celina Cajun Fest, the biggest crawfish boil in North Texas. There’s more shopping and dining in downtown McKinney, about 12 miles from Mustang Lakes. Big-box shops are less than 10 miles away in The Gates of Prosper, a shopping center with Target, Walmart and Dick’s Sporting Goods. For groceries, residents are about 5 miles from Kroger.
The Mustang Lakes locals frequent Kroger to get their everyday necessities.
The locals of Mustang Lakes frequent Tenders Smokehouse in Downtown Celina for amazing BBQ.
1/2
A central location in the DFW metroplex near the Dallas North Tollway
U.S. Route 380, about 3 miles north, provides access to U.S. Route 75 and the Dallas North Tollway, both of which lead about 40 miles south to Dallas. “It’s probably 50 or 60 minutes to downtown Dallas, but with the growth between the west side of Plano through Frisco and Prosper, you don’t necessarily need to go downtown,” Butcher says. The stretch of the Dallas North Tollway between U.S. 380 and State Highway 121 is known as the North Platinum Corridor, a major development hub that includes Frisco’s “$5 Billion Mile.” It hosts several hospitals and innovative mixed-use developments like The Star, best known as the official headquarters of the Dallas Cowboys. For flights, Dallas International Airport is around 35 miles away.
U.S. Route 380 provides Mustang Lakes residents to access U.S. Route 75 which leads to Dallas.
Locals of Mustang Lakes can take Dallas North Tollway to Downtown Dallas for an exciting day of shopping and dining.
GreatSchools:
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
Ask about the lender credit! PRICED UNDER MARKET VALUE and move in ready. Situated on an oversized, north-facing lot in Mustang Lakes, one of North Texas’ premier master planned communities, and zoned for the highly acclaimed Prosper ISD and Walnut Grove High School, this home exemplifies timeless design and superior craftsmanship. With two bedrooms downstairs and a dedicated office space with
2025 NEW ROOF...This stunning two-story transitional Highland Home offers beauty, comfort, luxury, and easy living in the incredible masterplanned community of Mustang Lakes! Come see this amazing & rare opportunity to be in Prosper ISD on a .24 acre lot, 5 bedroom, 5 bath, & 3 car garage, complete with media room, game room, bonus room, office, & more! Upon entering this home, you'll experience
Experience the charm of this incredible Highland Home with a timeless upgraded stone & brick elevation in the coveted community of Mustang Lakes! Home offers rare opportunity to be in Prosper ISD on a .23 acre lot, 5 bedroom, 5 bath & 3 car garage, complete with media, game & bonus room, & office! Upon entry, you'll experience elegance & functionality! From open balconies, beautiful hardwoods,
Come see this gorgeous Tradition model floor plan in the award-winning master planned community of Mustang Lakes in Prosper ISD! This beauty sits on a coveted large corner 0.3 acre lot, 5 oversized bedrooms with ensuite, office, 7 baths including a pool bath, 3 car garage, hearth room, downstairs media room & game room up. The owner didn't miss a thing when designing this incredible home from the
Beautiful West facing Coventry Homes property located in the prestigious and highly sought-after community of Mustang Lakes, zoned to top-rated Prosper ISD schools. This spacious open-concept floor plan features abundant natural light with large windows throughout. The main floor includes the primary suite, a guest bedroom with a private bath, a study, formal dining room, family room, kitchen,
Exceptional custom North facing home also for lease furnished at 5,500, built by Britton homes located in the master planned community of Mustang Lakes! Step through the gorgeous front door into the grand entrance beautiful engineered wood floors, soaring ceilings & tons of designer upgrades throughout. Every BR has ensuite bath! beautiful flex room for study or media room . Inviting family
PARTIALLY FURNISHED EXECUTIVE RENTAL! Timeless elegance and modern comfort in this beautifully crafted one-story home, nestled in the prestigious Mustang Lakes community. Designed for both everyday living and effortless entertaining in mind, this thoughtfully laid-out home offers three spacious bedrooms—with en-suite bathrooms—providing plenty of privacy and room to spread out. At the heart of
Interested in learning more about homes in this area?
Reach out to
Terri Fox,
an experienced agent in this neighborhood.
Average Home Value
Source: Public Records
Property Mix - Square Feet
This Neighborhood Has More Owners
Demographics
Total Population
1,976
Median Age
40
Population under 18
30.1%
Above the national average
23.8%
Population over 65
8.7%
Below the national average
19.1%
Finances
Median Household Income
$199,999
Significantly above the national average
$71,702
Average Household Income
$215,793
Education and Workforce
High School Graduates
84.1%
College Graduates
47.1%
Above the national average
34.1%
Advanced Degrees
11.4%
% Population in Labor Force
77.1%
Above the national average
65.1%
Weather
Annual Precipitation
42''
Average Winter Low Temperature
34°F
Average Summer High Temperature
95°F
Annual Snowfall
0''
Area Factors
Somewhat Bikeable
Bike Score®
22/ 100
Car-Dependent
Walk Score®
0/ 100
Source: Walk Score
Source: Walk Score
Sound Score® measures the noise level of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
