Mustang Lakes, Celina Tx

Homes For Sale Neighborhoods New Homes The Market Your Home's Value Work With Us

Did you know Mustang Lakes has been rated as one of the best master planned neighborhoods in DFW. Located in Celina Texas, this 682 acre property was originally a thoroughbred horse ranch owned by the former mayor of Dallas. The developers even converted his home into what is now considered one of the best amenity centers in the USA.

Below are all the homes for sale in Mustang Lakes in Celina, TX. If you would like more information on any of these Mustang Lakes real estate listings, click the "Request More Information" button when viewing the details of that property. You can also "Schedule a Showing" if you are ready to go see a home. Use the tools to save your favorite homes in Mustang Lakes as favorites and share them with others. Search homes for sale in Mustang Lakes by map, school, neighborhood, price, style of home, and more. Simply click the "Refine Results" button to get started.

View All Mustang Lakes Homes For Sale

Mustang Lakes Market Statistics June 12, 2024
Avg. DOM
Avg. $ / Sq.Ft.
Med. List Price
44 Properties
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Information is deemed reliable, but is not guaranteed accurate by the MLS or NTREIS. The information being provided is for the consumer's personal, non-commercial use, and may not be reproduced, redistributed or used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than LivingWell Realty are marked with the NTREIS IDX logo and information about them includes the name of the listing brokerage.

NTREIS data last updated June 12, 2024.

The Neighborhood Tour

We truly believe a picture is worth a thousand words and an interactive picture of Mustang Lakes really shows off its beauty. Nothing really gives you a feel for a place like being there and the combination of videos, 360 degree panoramic images and photos is the next best thing. We hope our digital media of Mustang Lakes helps you fall in love with this amazing Celina Texas neighborhood.

Mustang Lakes - Homes for Sale - Prosper Texas

The Lifestyle

This beautiful former horse ranch still has over 60 acres of green spaces and open areas, one of the highest rated community centers and beautiful views provided by the rolling hills of north Texas.


Mustang Lakes is broken up into section or 'villages' that consist of similar homes of similar size and style. Usually at least two builders worked in each village to keep the architecture interesting. Each village has its own style and a unique name: Belmont, Bridlewood, Elmbrook, Lakeside, Oaklawn, Rolling, Rosebrook, Saddleridge, Twin Eagles, Waterview, Woodhaven.


Mustang Lakes is located on the border of north - east border of Prosper & Celina at the intersection of Frontier Pkwy and FM 1461. The easiest way to get to Mustang Lakes from 380 is to take Custer road north and turn left onto FM 1461. Mustang Lakes will be on your right.


When we give you a private tour of Mustang Lakes we always stop at the amazing 12,000 square foot amenity center. You can view it from the air by looking at our panoramic tour on this page. Mustang Lakes also has a ton of great amenities beyond the clubhouse:

  • 5-acre stocked fishing pond (14 fishing ponds in total)
  • Fishing deck and bridges
  • Junior Olympic pool, resort and tot pool with waterfalls
  • Tanning decks
  • Competition tennis courts
  • Basketball courts
  • Amphitheater
  • 18 miles of trails
  • Playground

HOA Fees

Everyone loves to hate the home owners associations, but they do keep your neighbors from painting their homes pink and parking a RV in the front yard. The HOA does come at a price in Mustang Lakes ranging from $130 - $200 per month and a bit more for custom homes. They do provide front yard mowings, weddings, and fertilizer for your front yard.

The Market

Mustang Lakes is a unique neighborhood that occupies a former thoroughbred racing facility. The former mayor of Dallas created this beautiful property and raised the horses he loved on it, before it was sold and became Mustang Lakes. We are expert REALTORS® that understand the complexity Mustang Lakes real estate market. We have created a free Market Report that is always up to date and contains every listed home, pending home and sold property within the last 6 months. You can register for a free account on our website and sign up for our Mustang Lakes Market Update and it will notify you when any new properties come on the market.

Stay up to date with the latest Mustang Lakes real estate information; this page is updated with Mustang Lakes real estate listings several times per day from for the most extensive North Texas MLS.

Each listing includes photos, the price, year built, the size of the house (square feet), the size of the lot, number of bedrooms and bathrooms, and other important information. You’ll also be able to check the number of days it has been on the market (DOM), the MLS number, and the listing status (active, under contract, or pending).

Review exterior features as well as the architectural style of residences. If any appliances or other personal property are included with the sale, those will also be noted. When available, Mustang Lakes neighborhood details will be included along with a map, local schools, and similar homes for sale within the Prosper zip code.

Planning to buy or sell a home in Prosper? Be sure to read our market report...
Read The Mustang Lakes Market Report

New Homes

We seem to always be giving tours of Prosper and Celina Texas. Our clients are on the hunt for the perfect neighborhood to build their new home. It always surprises us how many clients decide that Mustang Lakes is perfect for them. It could be the open fields, walking trails or nice neighbors. It also might be the amazing homes the builders are creating in this soon to be finished neighborhood in the Prosper ISD.

As new home experts, we would love to speak with you about how we can help you and your family move into a new construction home in Mustang Lakes

Britton Homes For Sale in Mustang Lakes

Britton Homes

We have built so many homes with Britton Homes in Mustang Lakes we can't count them all. Seriously, Blake is an amazing sales associate to work with and he really knows Mustang Lakes and Britton Homes. We have always received great feedback from working with him and hope to continue our relationship and the great experience of working with him.

  • 60 Foot Lots
  • Starting at the $730s
  • Home Sizes from the 2,900 - 4,100 sq ft

Coventry Homes For Sale in Mustang Lakes

Coventry Homes

Coventry Homes is not a builder our clients select very often, but we have always had a good experience with them. They build very attractive homes that are well though out and we have received no complaints from our Coventry Home clients.

  • 74 Foot Home Sites

David Weekley Homes has Mustang Lakes Homes for Sale

David Weekley Homes

David Weekley has been a mainstay of the Dallas new construction home market for decades. They have literally built thousands of homes and maintained a great repuation while doing so. David Weekley Homes is building:

  • 60 Foot Home Sites
  • Starting at the $620s
  • Home Sizes from the 2300-3619

Highland Homes has Mustang Lakes Homes for Sale

Highland Homes

Highland Homes is building new construction homes in Mustang Lakes on multiple lot sizes and price points. Typically the larger the homesite, the more expensive the home and the nicer the finish out. The following are the lot sizes Highland is currently offering in Mustang Lakes:

Perry Homes Mustang Lakes

Perry Homes

Perry Homes is originally from the Houston area. They are the parent company of Britton homes which their daughter founded. They build a great home for a fair price. They are offering:

  • 50 Foot Home Sites
  • Starting at the $570s
  • Home Sizes from the 1900-3300

Tradition Homes Mustang Lakes

Tradition Homes

Tradition Homes has really impressed us here at LivingWell Realty with their quality and style. They build a great home with timeless designs. They also only build around 200 homes per year, so you better act quickly to grab one of these amazing homes.

Homes on 65ft. lots from the $800s
Homes on 86ft. lots from the $1.1 Million
Homes on 100ft. lots prices are subject to change

Work With Us...

We are proud that our team at LivingWell Realty was one of the top real estate teams serving Mustang Lakes over the last few years. We know Mustang Lakes very well after building many, many homes for our clients. This gives us a level of knowledge and insight few agents have about this amazing neighborhood in Celina. We would love to assist you in all your real estate needs involving Mustang Lakes and we can get started when you fill out the form below...

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