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
Let's Talk
Ready to Explore 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. We'll help you discover luxury living with Prosper ISD schools.