MUSTANG LAKES PHASE FIVE Real Estate

Welcome to Mustang Lakes Phase Five, a stunning subdivision nestled in the heart of Celina, Texas, within the picturesque Collin County. This vibrant community embodies the perfect blend of modern living and natural beauty, making it an ideal place for families, professionals, and retirees alike.

Mustang Lakes Phase Five boasts an array of meticulously designed homes that cater to diverse lifestyles and preferences. With spacious floor plans, contemporary finishes, and energy-efficient features, each residence is crafted to provide comfort and style. The community is thoughtfully laid out, ensuring that residents enjoy both privacy and a sense of belonging.

One of the standout features of Mustang Lakes is its commitment to outdoor living. The subdivision is adorned with lush green spaces, scenic walking trails, and sparkling lakes, perfect for leisurely strolls or family picnics. The community also offers a resort-style pool, playgrounds, and sports facilities, providing endless opportunities for recreation and relaxation.

Living in Mustang Lakes Phase Five means you’re just a stone’s throw away from the charming downtown Celina, where you can explore local shops, dine at delightful eateries, and partake in community events. The area is also conveniently located near major highways, ensuring easy access to the bustling cities of Dallas and Frisco.

Experience the warmth of a close-knit community paired with the conveniences of modern living in Mustang Lakes Phase Five. Your dream home awaits in this enchanting corner of Texas, where every day feels like a getaway!

Newest Listings in MUSTANG LAKES PHASE FIVE

$795,000

21306355 MLS

Nestled in the prestigious Mustang Lakes community in Celina, Texas, this expansive 1.9-acre homesite presents a rare opportunity to build a Sharif-Munir Custom Home estate surrounded by natural beauty. This premium lot is richly lined with mature trees along both the north and south sides, offering exceptional privacy, shade, and a serene setting that enhances the property’s exclusivity and charm. Residents of Mustang Lakes enjoy access to world-class amenities, including a 12,000+ sq ft clubhouse with indoor and outdoor entertaining areas and scenic lakeside views. The community also features four tennis courts, basketball courts, an open-air amphitheater, over 10 miles of paved trails, scenic ponds, and more than 60 acres of lush green space ideal for walking, biking, and outdoor recreation. Located in close proximity to many of North Texas’s top destinations: PGA Frisco – Home to two championship golf courses, the Omni Resort, and upscale dining including Trick Rider. The Star – Headquarters of the Dallas Cowboys, offering premier shopping, dining, and entertainment. Legacy West – A vibrant district for luxury retail, chef-driven restaurants, and nightlife. Gates of Prosper – A nearby hub for everyday shopping, groceries, fitness, and boutique retail. Celina Silo District – A charming downtown square with local markets, eateries, and community events. Enjoy convenient access to major thoroughfares including the Dallas North Tollway and US Hwy 380, with quick routes to Frisco, McKinney, and Prosper town centers.

4101 Waterview Trl, Celina

Start Your Search

The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of Greater Tulsa Association of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright© 2026 Greater Tulsa Association of Realtors. All Rights Reserved. Last Updated: .