Homes For Sale in Mustang Lakes
Celina Texas

Mustang Lakes is a former thoroughbred ranch in Celina Tx, where horses were trained and bred for racing by the retired mayor of Dallas. This very popular neighborhood offers residents an impressive suite of amenities, including resort-style swimming pools with cabanas, a fitness center, competition tennis courts, and a centrally located 20-acre park with a private lake and island. The community boasts eight lakes and over 60 acres of trails and creeks. The 12,000-square-foot Club has interior lounges for socializing, as well as verandas, courtyards, meeting rooms, party areas, and a kitchen.

Start your online search here for all Mustang Lakes homes for sale in Celina Texas.

Homes for Sale in Mustang Lakes

Mustang Lakes Real Estate Statistics January 29, 2023
Avg. DOM
Avg. $ / Sq.Ft.
Med. List Price
178 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 January 29, 2023.

Why Choose Mustang Lakes ?

  • The awesome Celina ISD school system with an average of 15:1 students to teacher ratio
  • The amazing environment is full of mature trees, walking trails, and peaceful views
  • All the family friendly and fun amenities
  • Within five minutes of downtown Prosper and all its restaurants and shopping
  • Wide range and styles of home sizes and prices

What is the average price of real estate for sale?

The fastest way to check prices is via our Market Report that shows every home for sale and every home under contract. Honestly, any price we post will be outdated within a week. Just click the link above and get the latest values... 

Why do residents choose to live in Mustang Lakes?

Many of our clients had decided to purchase in another neighborhood until they visited Mustang Lakes. They consistently mention the peaceful streets, green spaces and friendly neighbors. The quiet and peaceful feel seems to radiate out from all the open spaces. We highly encourage you to put Mustang Lakes on your list of communities to visit when shopping for homes in Celina or Prosper ISD.


Mustang Lakes is located on Frontier Pkwy/FM 1461 in the Town of Celina, Texas, just north of Highway 380 and Preston Road, adjacent to the borders of both Prosper and McKinney


When you purchase a home in Mustang Lakes, you can fish, hike, ride your bike and enjoy the community pool and other amenities. 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. Sam Johnson Elementary School opened in Mustang Lakes in 2020, serving Mustang Lakes Elementary-aged students!

The Mustang Lakes community centre is one feature of the neighbourhood that home buyers find very appealing. The community centre can be reserved for parties or meetings and has a stunning pool sitting in the middle of a 10 acre lake.

For entertainment you can head to the historic downtown Celina area or south to shopping in Prosper or Frisco. This is a single home community that always has a number of activities to enjoy. If you are looking for a vibrant community that isn't far from shopping areas or hiking trails, this is a great place to live.

The list of amenities at Mustang Lakes is seriously crazy. So many families can't believe all of the fun activities that are available to them just by being a home owner. To try and keep it readable here is a simple list:

  • Bluebonnet Park is under construction with a covered pavilion, gas grills, bocce ball and sport courts, and children’s play area.
  • Enjoy the outdoor kitchen and pavilion for meeting up with friends or cooling off in the luxury pool, or grilling dinner.
  • 400-acre community that has miles of trails intertwined with the natural Texas landscape and numerous parks.
  • A new entry pond surrounded by walking paths, plenty of places to relax and fish!
  • On-Site Prosper ISD Schools


The children of Mustang Lakes will attend the following schools:

Building A New Home

Let our team of expert Celina real estate specialists professionally assist in your hunt for the perfect home or skillfully negotiate the sale of your existing Celina house. As neighbourhood real estate agents, we know the unique dynamics of the Mustang Lakes real estate market. Let's expedite your home search; we'll negotiate for you today!

We have built many, many homes in Mustang Lakes with virtually every builder in the community. Our experience and skill is well documentd on our YouTube channel. We even have a playlist that conveniently shows you all the homes we have built in Mustang Lakes. Be sure and watch some of our videos of the model homes, us building new homes and even tours of the community.

The Builders of Mustang Lakes

Mustang Lakes has recruited some of the best builders in north Texas. These builders have a proven track record of building the best homes that stand the test of time. If you want to know who is good and who is just ok, you will need to hire us. We never give away that information to anyone but our clients. Are you in a hurry, can't wait 6-12 months to build a new home. Check out our list of Quick Move-In Homes at Mustang Lakes

Britton Homes Builder InterviewBritton Homes Builder Interview

We sit down with the awesome Blake Lundry and talk all things Mustang Lakes and Britton homes.

( Watch Interview )

Britton Home Model in Mustang LakesBritton Homes 60s

From the $630s | 2,600 - 4,100 square feet | 15 Home Designs

Britton Homes is one of our top home builders. Their designs are fresh and stunning and their quality is second to none. They also are the only local builder to offer a two year warranty compared to most builders one year warranty.

( Watch Model Home Tour )

Coventry Homes at Mustang LakesCoventry Homes 74s

From the $700s | 2,900 - 4,200 square feet | 12 Home Designs

Coventry Homes is building in Mustang Lakes on 74 foot wide lots. Coventry has always built a beautiful home and is continuing that tradition at Mustang Lakes. They are currently working by appointment only.

Highland Homes in Mustang LakesHighland Homes 74s and 86s

From the $850s | 2,750 - 4,500 square feet | 13 Home Designs

Highland Homes in Mustang Lakes is building some stunning homes on larger lots and Anna is the super awesome salesperson. We have built some amazing homes with her and would love to build one with you. The larger Highland Homes are starting in the $900s and the smaller ones in the $750s.

Watch Model Home Tour )

Tradition Homes Model at Mustang LakesTradition Homes 86s

From the $850s | More information coming soon...

Tradition Homes is now pre-selling 86’x135′ Homesites. Due to high demand, they are setting appointments directly from the interest list. Coming Early 2022


Perry Homes at Mustang LakesPerry Homes 50s

From the $600s | 1,900 - 3,200 square feet

Perry Homes is building on 50' lots in Mustang Lakes. These beautiful homes are priced in the mid $600s.


Part 1 - Preparing The Lot
Britton Homes is prepping our clients lot in Mustang Lakes. Once this is finished its time for mud or cement...
Part 2 - The Foundation
Britton did a great job on pouring our clients foundation. Let's check it out...
Part 3 - Framing is Complete
Britton Homes has finished framing the awesome new home for our clients.
Part 4 - Drywall, Flooring, Cabinets
Our Britton build job in Mustang Lakes is getting the drywall and flooring this week.
Part 5 - Bricks and Lights
This is a Britton Home we are building for our clients at Mustang Lakes in Celina Texas.
Part 6 - Lights, Doors And Floors
Britton has most everything installed and is adding the finishing touches.

Selling a house in mustang lakes

Selling Your Home

Selling your home in a neighborhood that has active builders can sometimes be very challenging. You are essicially in competition with every home builder in the neighborhood. Mustang Lakes is currently in a strong sellers market. This means you will do extremely well when selling your Mustang Lakes home. As the local expert agents in Mustang Lakes, we are uniquely positioned to get your home sold faster and for more money than the typical agent. We actually created a webpage dedicated to: