Celina, TXProsper ISD (portions of the community are served by Celina ISD, so confirm by section)
Mustang Lakes
Celina’s top-of-market address: resort amenities, Prosper ISD, front yards mowed for you
Mustang Lakes is the luxury benchmark in Celina, a Cambridge Companies master-plan on the Celina/Prosper border near the FM 1461 and Coit Road corridor. Larger homesites than typical Celina product, an on-site Prosper ISD elementary school, and a genuinely resort-grade amenity package built around a 20-acre central park with a private stocked lake. The HOA includes front-yard maintenance, which is why it pulls so many executive relocations.
Price Range
Roughly $450K – $2.4M (active listings); median recently near $1M
Property Types
Master-planned single-family, New construction (Highland, Coventry, David Weekley), Luxury and estate homes, Move-up resale
Year Built
2016–present
HOA: Roughly $130–$190/mo depending on section and homesite, and it includes front-yard maintenance
Schools
Prosper ISD (portions of the community are served by Celina ISD, so confirm by section)
ElemSam Johnson Elementary (Prosper ISD, on-site, K–5, opened 2020)
MiddleJim Bridges Middle School (Prosper ISD)
HighWalnut Grove High School (Prosper ISD, opened August 2023)
Commute & Access
North of Prosper along the Dallas North Tollway corridor · Frisco and Legacy West employment centers to the south
Highlights
What makes Mustang Lakes stand out
- On-site Prosper ISD elementary: kids walk to Sam Johnson from inside the community
- Front-yard maintenance included in the HOA (mowing, weeding, fertilizing)
- 20-acre central park with grand oaks and a private 5-acre stocked lake
- The Club at Mustang Lakes: resort pool with lazy river, lap pool, splash pool, fitness center
- Larger homesites than most Celina master-plans
- Multiple luxury builders still actively selling, so new construction and resale are both available
Best Fit
Move-up and luxury buyers who want the best address in Celina with Prosper ISD schools and amenities that actually compete with Windsong Ranch and Light Farms, at a higher average price point. Especially strong for executives and relocators who want a big lot without doing yard work.
Nearby Amenities
- The Club at Mustang Lakes amenity center with fitness center
- Resort-style pool with lazy river, separate lap pool, kids' splash pool
- 20-acre central park with a private 5-acre stocked lake (eight lakes community-wide)
- Competition tennis courts and basketball courts
- Amphitheater and playground
- Trail system for walking and biking (18+ miles planned at build-out)
Major Employers Nearby
- Frisco corporate corridor
- Legacy West / Plano Tollway employment centers
- Prosper and Celina municipal and school district employers
- Prosper ISD (Sam Johnson Elementary is inside the community)
Check these before you offer
The trade-offs a listing will not mention. None of these are reasons not to buy here; they are the things worth pricing in.
- The community straddles a district line. Most of it is Prosper ISD but part is Celina ISD, and since the district is much of what buyers are paying for, it has to be confirmed for the specific section in writing.
- It sits in Celina city limits, so the city tax line is Celina's and Celina adopts no city homestead exemption. Ask which taxing units apply to the lot, including any MUD or management-district assessment, which is not reduced by a homestead exemption.
- This is the premium end of the Celina market, with active listings spanning a very wide range. A community median tells you little about a specific homesite.
- Dues are toward the top of the area and include front-yard maintenance, which means a crew on your property on a schedule you do not set.
- There is no major employer in Celina. Every commute is a southbound drive, and the Tollway extension is still building out.
Mustang Lakes: Frequently Asked Questions
Is Mustang Lakes a good place to buy in Celina?
It is Celina’s top-of-market master-plan. Recent median sale prices have run from roughly $955K to just over $1M depending on the data source and window, with active listings spanning roughly $450K to $2.4M. So there is real range, but you are buying at the premium end of Celina. What you get for it is Prosper ISD, an on-site elementary, bigger homesites, and the best amenity package in the city. If your priority is entry price rather than address, Legacy Hills or Creeks of Legacy will stretch your budget further.
What schools does Mustang Lakes feed into?
Mostly Prosper ISD, which the state rated A (91 out of 100) in 2025. Sam Johnson Elementary (opened 2020) sits inside the community itself, with Jim Bridges Middle School and Walnut Grove High School, which opened in August 2023. Note that the community straddles a district line: part of Mustang Lakes is served by Celina ISD (Celina High School), and a Celina ISD elementary is planned on the northern side of the community. Because boundaries are still shifting, confirm your exact assignment with the district’s boundary tool before you write an offer.
What does the Mustang Lakes HOA cover?
Published dues run roughly $130–$190 per month depending on the section and homesite (always verify the current figure for the specific lot), and, unusually, front-yard maintenance is included, covering mowing, weeding, and fertilizing. Dues also cover access to The Club at Mustang Lakes, the pools and lazy river, the fitness center, tennis and basketball courts, and the 20-acre park and lake.
How is the commute from Mustang Lakes?
Celina sits north of Prosper along the Dallas North Tollway corridor, with the Tollway extension continuing to build out northward. The primary commute direction is south toward the Frisco and Legacy West employment centers. There is no major corporate campus in Celina itself, so plan on a southbound drive. Ask Mali for a realistic door-to-door time from a specific section before you commit.
How does Mustang Lakes compare to Light Farms and Windsong Ranch?
They are the closest peer communities, and Mustang Lakes generally sits above both on price. All three deliver serious amenities, but Mustang Lakes leans further into luxury: larger homesites, estate-tier builders, and front-yard maintenance included. Light Farms is the value play within Celina; Windsong Ranch in Prosper is the other headline master-plan. Mali can walk you through the trade-offs side by side.
Nearby
More Celina neighborhoods
- Creeks of LegacyA Prosper ISD address with real amenities, at a Celina entry pointRoughly $410K – $700K on recent active listings (median list near $575K); later phases with larger plans list higher
- Legacy HillsCelina ISD schools, entry-level pricing, and the Tollway extension at your doorFrom the $310Ks (new construction, too early for a reliable resale median)
- Cambridge Crossing639 acres at the Tollway and the Outer Loop, and genuinely in Celina ISDRoughly $450K – $850K across builders and plans, spanning Celina's median sale price of about $496K (Redfin, three months ending May 2026). Ask for current comps with an as-of month.
- LilyanaA Hillwood community with a Celina address and Prosper ISD schoolsRoughly $450K – $800K across builders and plans, around Celina's median sale price of about $496K (Redfin, three months ending May 2026). New-construction pricing moves with incentives; ask for current comps with an as-of month.
- Sutton FieldsAn established Celina community with a resort pool, and a school assignment to verify per addressRoughly $400K – $700K depending on phase, builder and plan, around Celina's median sale price of about $496K (Redfin, three months ending May 2026). Ask for current comps with an as-of month.