Mustang Lakes is a master-planned community in Celina with the largest amenity center in North Texas, featuring a resort-style swimming pool with cabanas, indoor and outdoor entertaining spaces, a state-of-the-art fitness center, amphitheater, and more. A surrounding 20-acre central park features hiking trails, mature trees, tennis courts and sport courts, and a private lake with an island. The Club at Mustang Lakes is like having a country club in your own backyard! Located on the Prosper-Celina border just minutes from McKinney and Frisco, Mustang Lakes offers easy access to Highway 380, the Dallas North Tollway and US Hwy 75. Top builders, Prosper schools, & a scenic location make this the ultimate destination in master-planned living.


Mustang Lakes offers unique and unrivaled amenities, and our builders know the difference between a house and a home. Our builders are some of the most renowned in the industry. Get to know our builders.

$400’s – $600’s

$600’s – $700’s

$300’s – $400’s

$400’s – $600’s

From the $350’s

$1 Million – $2 Million+


$1 Million – $2 Million+


Coming Soon…



Mustang Lakes is served by the highly-acclaimed Prosper Independent School District. Ranked the #1 school district in the area, the Prosper ISD boasts an impressive 15 to 1 student to teacher ratio and has an overall ranking of Excellence – with every school in the district from kindergarten through twelfth grade achieving this impressive distinction.


Conveniently located at the “three corners” of Celina, Prosper, and McKinney, Mustang Lakes is perfectly positioned to take advantage of the best of the Dallas Metroplex. Just north of Hwy 380 and only minutes from the Dallas North Tollway, Mustang Lakes is near shopping, dining, entertainment and activities. 

The Club at Mustang Lakes – the largest private amenity center in north Texas featuring 12,000 sq. ft. and a 2,500 sq.ft. fitness center!

Click HERE to view the Mustang Lakes community photo gallery.


12,000 square foot private amenity center

5-acre stocked lake with island and overlooks
Fishing deck and bridges
Junior Olympic pool with waterfalls
Tanning decks
Four competition tennis courts
Nearly 10 miles of trails


Mustang Lakes is on the site of a real Texas ranch where thoroughbred horses were bred, raised and trained. It was owned by former Dallas Mayor Bob Folsom. Known as Twin Eagles Farms, many horses went on to win significant purses at races all around the country. Notably, one horse – Reluctant Guest – was named Mare of the Year in 1989. A number of barns and paddocks still grace the property.  


Mustang Lakes is a master planned community developed by The Cambridge Companies, Inc. Cambridge, based in Dallas, Texas, was formed in 1969 and has developed numerous master planned communities in the Dallas/Fort Worth metroplex including Summerfields, Meadow Creek, Cross Creek, Chase Oaks, Westridge and Creekside. Future master planned communities include Cambridge Crossing (2017) and The Parks at Wilson Creek (2018). They were recently named Developer of the Year by the Celina Area Chamber of Commerce.