Mustang Lakes
Country Club Meets Texas Ranch.
The Vibe
The Details
School District
Prosper ISD
Median Price
$800k+
Tax Rate
~2.06% - 2.08%
HOA Dues
$162 - $190/month
Main Amenity
The Private Island
Understanding the True Cost
Tax Details
Base rate: ~2.06% - 2.08%
This is a PID (Public Improvement District), not a MUD. Slightly higher than standard city rate but lower than most MUDs.
Example: On an $800k home = ~$1,373/month in property taxes
HOA Investment
Monthly: $162 - $190 (varies by lot size). 50' lots pay less than 1-acre lots.
Includes: Front yard maintenance (mowing/edging) - saves ~$100/month
Plus: Access to The Club at Mustang Lakes (private island, gym, pools)
Key Insight
Mustang Lakes offers exceptional all-inclusive value. While the HOA appears higher, it includes front yard maintenance that would otherwise cost $100+/month. Combined with the prestigious Celina address, Prosper ISD zoning, and resort-style amenities, this represents luxury living without the constant service coordination.
Built on the grounds of a historic thoroughbred ranch, this community has something new builds lack: massive, century-old oak trees. It offers the best of both worlds-Celina address, but zoned for the highly coveted Prosper ISD.
The private island clubhouse and equestrian heritage create a unique blend of luxury and authenticity, appealing to families who appreciate tradition alongside modern amenities.
A Community Like No Other
★★★★★
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Ready to Experience Mustang Lakes?
Schedule a private tour of The Private Island clubhouse, explore available homes, or learn more about this unique community built on historic thoroughbred ranch land.