Celina TX Real Estate • Mustang Lakes Market Report
Mustang Lakes Celina TX: What Homes Actually Sold For in the Last 6 Months
47 closed sales • $485,000 – $2,480,000 • Data from Celina MLS • Updated June 2026
If you’re researching Mustang Lakes in Celina, Texas, you deserve real numbers from actual closings — not automated estimates. This report covers every home that sold in Mustang Lakes over the past six months, pulled directly from NTREIS MLS records. I’m Wayne Wallace, SVP of Mortgage Solutions at Homewood Mortgage, a North Texas native and Celina local with 27 years in the mortgage industry. I put this data together to give buyers, sellers, and real estate partners a clear, honest picture of where this market stands today.
Mustang Lakes is one of the most prestigious master-planned communities in Collin County — and the sold data tells a compelling story. With 47 closings and nearly $52.7 million in total sales volume between December 2025 and June 2026, this is a market where demand is real, buyers are serious, and new construction continues to push prices upward at the luxury end. Let’s break it all down.
Mustang Lakes Celina TX — 6-Month Sold Summary (Dec 2025 – June 2026)
| Metric | Value |
|---|---|
| Total Closings | 47 homes |
| Lowest Sale Price | $485,000 |
| Highest Sale Price | $2,480,000 |
| Average Sale Price | $1,121,450 |
| Median Sale Price | $1,027,000 |
| Total Sales Volume | $52,708,147 |
| Homes at or above $1M | 26 (55% of closings) |
| Homes at or above $1.5M | 10 (21% of closings) |
| New Construction Sales | 20+ closings (2024–2026 builds) |
| HOA Dues | ~$147–$183/month (most single-family) |
| School District | Prosper ISD |
| Financing Types Seen | Conventional (majority), Cash, VA, Other |
The headline number: The median sale price in Mustang Lakes over the past six months was $1,027,000 — meaning more than half of all homes sold crossed the $1 million mark. This is a genuinely luxury market, and the data backs that up. For context, the median in nearby Light Farms was $735,000 over the same period. Mustang Lakes trades at a significant premium, driven by larger lots, larger homes, more elaborate architecture, and a community identity centered on exclusivity.
Price Tier Breakdown: The Full Mustang Lakes Market Spectrum
| Price Range | # of Sales | % of Market | Typical Home Profile |
|---|---|---|---|
| Under $800,000 | 14 | 30% | 3–4 bed, 2,368–3,326 sqft, built 2017–2024, some townhomes/attached |
| $800,000 – $999,999 | 7 | 15% | 4–5 bed, 3,003–4,446 sqft, mix of new construction and resale |
| $1,000,000 – $1,499,999 | 16 | 34% | 4–5 bed, 3,474–5,251 sqft, pools, 3–4 car garages, high-end finishes |
| $1,500,000+ | 10 | 21% | 5–6 bed, 4,290–6,297 sqft, estate-scale new construction, 4-car garages |
What stands out: The $1M–$1.49M band is the largest single cluster in Mustang Lakes — 34% of all closings. This is where the community’s new construction sweet spot lands, with builders like Taylor Morrison delivering 4,000–5,000 sq ft homes on generous lots. One-in-five closings topped $1.5 million, confirming Mustang Lakes as one of the few true luxury submarkets within the Celina and Prosper ISD footprint.
Complete List of Mustang Lakes Homes Sold — December 2025 through June 2026
Every closed sale below was sourced from NTREIS MLS records. Information deemed reliable but not guaranteed.
| Address | Bed/Bath | SqFt | Yr Built | Close Price | Pool | Financing |
|---|---|---|---|---|---|---|
| 3205 Point Indy Lane | 3/3 | 2,368 | 2023 | $485,000 | No | Conventional |
| 3233 Vaquero Lane | 4/5 | — | 2026 NC | $499,000 | No | Conventional |
| 3053 Pedigree Court | 4/3 | 2,517 | 2023 | $585,000 | No | Conventional |
| 2724 Preakness Place | 4/5 | 3,169 | 2020 | $589,000 | No | VA |
| 3415 Secretariat Place | 4/4 | 3,059 | 2016 | $610,000 | No | Cash |
| 2600 War Admiral Street | 4/4 | 2,679 | 2021 | $610,000 | No | Other |
| 3341 Man O War Road | 4/3 | 3,326 | 2017 | $695,000 | Yes | Conventional |
| 2524 Rosecroft Court | 4/4 | 3,003 | 2018 | $705,000 | No | Conventional |
| 3436 Belterra Drive | 4/3 | 2,995 | 2017 | $735,000 | No | Cash |
| 3122 Belmont Way | 4/4 | 3,657 | 2023 | $735,000 | No | Conventional |
| 2817 Citation Road | 4/4 | 2,946 | 2022 | $750,000 | No | Conventional |
| 2608 Eclipse Place | 4/4 | 3,003 | 2018 | $780,000 | Yes | Conventional |
| 2430 Hawksbury Court | 4/4 | 3,206 | 2022 | $787,500 | No | Conventional |
| 2504 Danea Court | 4/4 | 3,197 | 2024 | $800,000 | No | Cash |
| 2908 Majestic Prince Street | 5/5 | 4,421 | 2020 | $925,000 | No | Conventional |
| 3528 Birdstone Court | 5/5 | 4,446 | 2025 NC | $950,000 | No | Conventional |
| 3528 Sable Falls Way | 5/5 | 4,388 | 2022 | $960,000 | No | Conventional |
| 3536 Birdstone Court | 5/5 | 4,061 | 2025 NC | $970,000 | No | Conventional |
| 2813 Little Current Court | 5/6 | 4,140 | 2026 NC | $989,000 | No | Conventional |
| 2216 Havannah Drive | 4/6 | 3,411 | 2026 NC | $990,497 | No | Conventional |
| 3513 Birdstone Court | 5/5 | 3,997 | 2025 NC | $1,005,000 | No | Conventional |
| 3609 Sable Falls Way | 4/5 | 3,474 | 2021 | $1,027,000 | No | Cash |
| 3532 Birdstone Court | 5/6 | 4,354 | 2026 NC | $1,025,000 | No | Conventional |
| 3228 Zenyatta Court | 4/5 | 3,711 | 2021 | $1,050,000 | Yes | Conventional |
| 2809 Little Current Court | 4/5 | 4,327 | 2026 NC | $1,060,000 | No | Conventional |
| 2910 Twin Eagles Drive | 4/4 | 4,109 | 2019 | $1,065,000 | No | Conventional |
| 2220 Oaklawn Drive | 4/5 | 3,553 | 2024 | $1,070,000 | No | Conventional |
| 3222 Prancer Way | 5/6 | 4,050 | 2017 | $1,150,000 | Yes | Cash |
| 2320 Havannah Drive | 5/8 | 4,488 | 2026 NC | $1,150,800 | No | Conventional |
| 2918 Count Fleet Way | 5/7 | 5,105 | 2023 | $1,199,900 | No | Cash |
| 2204 Havannah Drive | 5/5 | 4,055 | 2025 NC | $1,268,315 | No | Conventional |
| 3416 Ponderosa | 3/4 | 3,624 | 2025 NC | $1,347,895 | No | Cash |
| 3117 Twin Eagles Drive | 5/7 | 4,256 | 2019 | $1,400,000 | Yes | Conventional |
| 3121 Twin Eagles Drive | 4/6 | 3,862 | 2021 | $1,400,000 | Yes | Cash |
| 2216 Sorrelwood Court | 5/7 | 5,250 | 2026 NC | $1,500,000 | No | Conventional |
| 3221 Grandeur Street | 4/6 | 4,290 | 2026 NC | $1,550,000 | No | Conventional |
| 2104 Sherluck Court | 5/7 | 5,251 | 2022 | $1,660,000 | Yes | Conventional |
| 3130 Grandeur Street | 5/8 | 5,705 | 2025 NC | $1,743,500 | No | Conventional |
| 2305 Sir Barton Street | 6/8 | 5,725 | 2026 NC | $1,725,795 | No | Conventional |
| 3209 Canonero Street | 6/7 | 5,389 | 2025 NC | $1,850,000 | No | Conventional |
| 2201 Always Dreaming Court | 5/7 | 5,838 | 2026 NC | $1,894,195 | No | Conventional |
| 3109 Grandeur Street | 5/6 | 5,084 | 2024 | $1,975,750 | No | Conventional |
| 3116 Canonero Street | 6/8 | 6,297 | 2025 NC | $1,900,000 | No | Conventional |
| 2104 Sorrelwood Court | 5/8 | 4,534 | 2026 NC | $1,200,000 | No | Conventional |
| 3605 Truro Street | 5/8 | 4,655 | 2026 NC | $1,180,000 | No | Conventional |
| 2433 Eclipse Place | 4/4 | 2,964 | 2019 | $680,000 | No | Cash |
| 2300 Sorrelwood Court | 5/7 | 5,965 | 2024 NC | $2,480,000 | No | Cash |
Source: NTREIS MLS data compiled June 2026. Information deemed reliable but not guaranteed. All sales in Celina, TX 75009, Collin County. School district: Prosper ISD.
Key Market Observations: What the Data Tells Us
New Construction Is Dominating Mustang Lakes
More than 40% of the closings in this dataset were new construction — homes built in 2024, 2025, or 2026. Builders active in Mustang Lakes have been delivering homes in the $950,000 to $1,900,000 range, with Birdstone Court, Havannah Drive, Sorrelwood Court, Grandeur Street, and Canonero Street all producing multiple new-build closings in the period. This is unusually high new construction activity for a community of Mustang Lakes’ age, which speaks to how much development capacity remains in the later phases of this master plan.
What’s notable: several of these new-construction homes sold at or below original list price, which gives buyers leverage that wasn’t as available in the 2021–2022 peak market. If you’re targeting a new build, the data shows builders are negotiating — and that’s where a pre-approval at the right loan amount before you walk into the sales office is critical.
Cash Buyers Are Highly Active
Cash purchases account for a significant share of Mustang Lakes closings — far more than in a typical DFW suburban market. The $2,480,000 sale at Sorrelwood Court was cash. Both Twin Eagles Drive sales above $1.4M were cash. Multiple resale homes in the $610,000–$735,000 range also closed cash. This signals that Mustang Lakes attracts buyers who have substantial equity from prior sales in other high-value markets — DFW trade-ups, California relocations, executive buyers. Financed buyers compete directly with cash offers here, which is why a fully underwritten pre-approval (not just a pre-qualification letter) is your competitive edge.
The VA Loan Success Story
One of the more meaningful data points in this set: 2724 Preakness Place closed at $589,000 using a VA loan. This is a reminder that Mustang Lakes is VA-eligible and that Veterans can buy in this community without a down payment. With the 2026 VA loan limit no longer capped for most eligible borrowers, the entire price range in Mustang Lakes is accessible to Veterans through VA financing. I specialize in VA loans in Collin County and can help you compete in this market as a Veteran buyer.
Jumbo Loan Territory Starts Here
The 2026 conforming loan limit is $806,500. Nearly two-thirds of Mustang Lakes closings were above that threshold, meaning most buyers here are working with jumbo financing. Jumbo loans have different requirements than conventional conforming loans — typically 10–20% down minimum, reserves of 6–12 months, and stricter debt-to-income standards. As a broker, I work with multiple jumbo lenders and can shop rates across investors to find the best fit for your specific profile. Don’t assume your bank is giving you the best jumbo rate — they rarely are.
What Does a Mustang Lakes Home Cost Per Month?
Here are two scenarios based on recent closed prices, to give buyers a realistic payment reference:
| Scenario | Details |
|---|---|
| Median Home — $1,027,000 | 20% down = $205,400 → Jumbo loan ~$821,600. HOA ~$162–$169/mo. Prosper ISD taxes ~2.2–2.5% |
| Entry-Level — $600,000 | 10% down = $60,000 → Conforming loan ~$540,000. HOA ~$150–$162/mo. Well within conventional loan limits. |
Want the exact numbers on a specific home?
I’ll build you a real payment breakdown — principal, interest, taxes, HOA, and insurance — for any Mustang Lakes home you’re considering. No pressure, no obligation. Just clarity.
About Mustang Lakes: Why This Community Commands a Premium
Mustang Lakes in Celina, TX is a gated and non-gated master-planned community that operates in a different tier than most Collin County neighborhoods. Built around a series of lakes and nature trails, the community is known for resort-style amenities including a clubhouse, fitness center, resort pool, tennis courts, and extensive walking and biking trails — all in a setting designed to feel more like a luxury resort than a typical subdivision.
The community is served entirely by Prosper ISD, one of the top-rated school districts in Texas. Many of the streets carry thoroughbred horse racing names — Sir Barton, Canonero, Man O War, Count Fleet, Secretariat, Twin Eagles, Zenyatta — reflecting the community’s equestrian theme and premium branding identity. Homes here are generally larger, on more generous lots, and built to a higher specification than comparable-price homes in adjacent communities.
Mustang Lakes sits near the intersection of Frontier Parkway (FM 1461) and the Dallas North Tollway corridor, giving residents manageable commute times to Frisco, McKinney, Allen, Plano, and Far North Dallas. It’s one of the few luxury communities in Celina with multiple phases of active new construction still underway, meaning the community continues to grow and evolve — a positive signal for long-term value.
Frequently Asked Questions: Mustang Lakes Celina TX
What is the average home price in Mustang Lakes Celina TX?
Based on 47 closings between December 2025 and June 2026, the average sale price in Mustang Lakes Celina TX is $1,121,450 and the median is $1,027,000. Prices range from $485,000 for smaller homes and townhomes to $2,480,000 for the largest new-construction estate homes.
What are HOA fees in Mustang Lakes?
HOA dues in Mustang Lakes Celina TX typically range from $147 to $183 per month for most single-family homes, depending on the phase and home type. Some sections with quarterly billing run $2,028–$2,112 per quarter. HOA fees cover access to community amenities including the clubhouse, pools, fitness center, lakes, and trail system.
What school district serves Mustang Lakes?
Mustang Lakes is served by Prosper ISD, consistently ranked among the top school districts in Texas. Students attend schools within Prosper ISD, which is a primary draw for families relocating to Celina and the surrounding North Texas area.
Do you need a jumbo loan to buy in Mustang Lakes?
Most buyers in Mustang Lakes will need a jumbo loan. The 2026 conforming loan limit is $806,500, and the median sale price in Mustang Lakes was $1,027,000 — meaning most financed buyers are borrowing above the conforming limit. Jumbo loans require strong credit (typically 720+), 10–20% down, and documented reserves. Wayne Wallace at Homewood Mortgage shops jumbo rates across multiple investors to get buyers the best available terms. Call 945-300-4644 or apply online.
Can Veterans use a VA loan to buy in Mustang Lakes?
Yes — VA loans are eligible in Mustang Lakes, and one of the recent closings used VA financing (2724 Preakness Place, $589,000). With the VA loan entitlement uncapped for most eligible buyers in 2026, Veterans can access the full price range in Mustang Lakes with no down payment required. Wayne Wallace specializes in VA loans for North Texas buyers and can pre-approve Veterans quickly.
Is Mustang Lakes more expensive than Light Farms?
Yes — significantly. The median sale price in Mustang Lakes over the past six months was $1,027,000 versus $735,000 in Light Farms over the same period. Both communities are in Celina, TX, served by Prosper ISD, and within a few miles of each other, but Mustang Lakes commands a 40% premium at the median, driven by larger home footprints, more expansive lots, and the community’s luxury positioning.
Buying in Mustang Lakes? Let’s Talk Financing First.
I’m Wayne Wallace — SVP of Mortgage Solutions at Homewood Mortgage, a Celina local, and a North Texas native with 27 years in this business. Mustang Lakes is a market where the financing strategy matters as much as the offer price. Whether you’re a move-up buyer, a relocating executive, a cash-out refinancer funding a new build, or a Veteran looking to use your VA benefit in a luxury community — I’ve done all of it.
I work with conventional conforming, jumbo, VA, and non-QM loan programs. I shop rates across multiple lenders — not just one bank — which means you get options, not just one number. And I close on time because I know how to read a file before problems become delays.
Homewood Mortgage, LLC • NMLS #294974 • Wayne Wallace NMLS #745186 • Licensed in Texas • 18170 Dallas Pkwy, Ste 304, Dallas, TX 75287 • 945-300-4644 • wayne-wallace.com
This is not a commitment to lend. Loan approval is subject to credit approval and program guidelines. MLS data sourced from NTREIS, deemed reliable but not guaranteed. Copyright 2026 NTREIS.