Mustang Lakes Community Bringing 2,000 New Homes to Collin County

Posted by Kenneth G. Cox on Friday, April 29th, 2016 at 3:38pm

With so many jobs coming to North Texas and inventory already low, there’s been quite a bit of chatter in recent months about home prices shooting up due to the strong demand for housing in cities like Dallas, Fort Worth, and many of their surrounding suburbs. But according to reports, a new Collin County residential community that will feature nearly 2,000 more homes is already in the works, which will certainly go a long way in filling at least some need for new residential construction.

The community, now being called Mustang Lakes, will encompass roughly 700 acres and be situated on the property of former Dallas mayor Robert Folsom’s sprawling thoroughbred horse farm. In addition to the 2,000 homes, Mustang Lakes will also feature nine individual lakes and over 60 acres of open space that will include 10 miles of walking/biking trails.

The property’s old ranch house will also be converted into a community center, preserving at least some history behind this amazing, one-of-a-kind property that will certainly provide a lot to offer potential home buyers and future home owners. Additional amenities at Mustang Lakes will also include a resort-style swimming pool, as well as a lazy river that runs down to a kids pool, so summers here will be jam-packed with all kinds of fun-in-the-sun.

Homes for sale in Mustang Lakes will start somewhere in the $300s with some homes on one-acre lots reaching as high as $1 million, or close to it at least. Finally, the Mustang Lakes community will also be in the Prosper school district, which is in the town of Celina.

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