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Mustang Lakes entrance monument beside a pond and fountain at sunset.

Living in Mustang Lakes, Celina TX: A Neighborhood Guide

Discover the Homes, Award-Winning Amenities & Lifestyle of Mustang Lakes
Rachael Hill  |  October 7, 2026

Living in Mustang Lakes, Celina TX

If you're searching for a master-planned community that combines beautiful homes, resort-style amenities and a peaceful setting, Mustang Lakes in Celina, Texas deserves a closer look.

Located near the borders of Celina, Prosper and McKinney, Mustang Lakes offers an impressive lifestyle while keeping residents convenient to some of the fastest-growing areas of North Texas.

Where Is Mustang Lakes?

Mustang Lakes is located in Celina on Frontier Parkway/FM 1461, just north of Highway 380 and close to both Prosper and McKinney.

The community is approximately three miles north of Highway 380 and offers convenient access to the Dallas North Tollway, Preston Road and US 75, making Frisco, McKinney and the surrounding North Dallas area easily accessible.

Homes in Mustang Lakes

Mustang Lakes offers an impressive variety of homes, with options ranging from beautifully designed family residences to larger luxury and custom properties.

Multiple respected builders have contributed to the community, creating a mix of architectural styles, floor plans and homesite sizes.

Buyers may find spacious open-concept living areas, home offices, game and media rooms, outdoor entertaining spaces and larger homesites depending on the property.

The Club at Mustang Lakes

One of the biggest attractions of Mustang Lakes is The Club at Mustang Lakes.

This 12,000-square-foot amenity center is surrounded by a 20-acre central park and provides residents with a country-club-style experience right within the neighborhood.

The Club includes a fitness center, indoor and outdoor gathering spaces and beautiful views overlooking the community's lake and resort-style pools.

Award-Winning Amenities

Mustang Lakes takes amenities seriously.

Residents can enjoy resort-style swimming pools, a Junior Olympic pool, tennis courts, basketball courts, playgrounds, an amphitheater and miles of trails for walking, running and biking.

The community also features stocked lakes, fishing areas, green spaces and parks throughout the neighborhood.

With approximately 18 miles of trails and extensive open space, there are plenty of opportunities to enjoy the outdoors without leaving the community.

Schools Serving Mustang Lakes

Mustang Lakes is served primarily by Prosper ISD, while some newer homesites are served by Celina ISD.

Sam Johnson Elementary School is located within Mustang Lakes, making the community particularly convenient for some families with younger children.

Because school assignments depend on the individual property and boundaries can change, buyers should always verify current zoning directly with the appropriate school district before purchasing.

A Community With Texas History

Mustang Lakes has a particularly interesting history.

The community was developed on the former Twin Eagles Farms, a thoroughbred horse ranch once owned by former Dallas Mayor Bob Folsom.

The developers incorporated elements of the original property into the community, preserving mature trees and the natural landscape while transforming the former ranch home into today's Club at Mustang Lakes.

That history gives Mustang Lakes a character that feels very different from many newer North Texas developments.

Location & Lifestyle

Despite its peaceful setting, Mustang Lakes is conveniently positioned for everything happening throughout Celina, Prosper, McKinney and Frisco.

Residents can enjoy nearby shopping, restaurants and entertainment while still returning home to lakes, trails, mature trees and beautifully maintained community spaces.

Why Buyers Love Mustang Lakes

Mustang Lakes offers a combination that's increasingly difficult to find: beautiful homes, extensive amenities, natural surroundings and convenient access to several of North Texas's most desirable communities.

Whether you're relocating to the Dallas area, moving up to a larger home or searching for luxury living in Celina, Mustang Lakes is a neighborhood worth exploring.

Thinking About Buying or Selling in Mustang Lakes?

If you're considering buying a home in Mustang Lakes—or you're a current homeowner wondering what your property could sell for—I can help you understand the community and current local real estate market.

Contact Rachael Hill, Realtor® | Coldwell Banker Apex to learn more about Mustang Lakes homes for sale or selling your Celina home.

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