The massive Mustang Lakes community in Collin County, Texas, just north of Dallas, will be ready for builders this summer and have space for nearly 2,000 homes, reports Steve Brown, real estate editor for The Dallas Morning News.
The 682-acre site is on the site of former Dallas mayor Robert Folsom’s thoroughbred horse farm and will have nine lakes, over 60 acres of open space, and 10 miles of trails.
“We hope to deliver the first home lots to builders in June if it will quit raining,” said Matt Alexander, vice president of development with Cambridge Cos.
“We think the prices will be starting in the $300,000s,” Alexander said. “We have some one-acre lots we think will be for homes around a million dollars.”