Mustang Lakes 40', a new home community in Celina, TX

Mustang Lakes 40'

3240 Malibu Moon Drive Celina, TX 75009 | Map / Directions
STARTING AT$479,990

Floor Plans Area (SQFT)

1,807 - 3,006

Mustang Lakes combines scenic surroundings with resort-style amenities and award-winning Coventry Homes. From peaceful lakes and trails to a lively clubhouse and parks, it’s a place where families can connect, play, and thrive.

  • Over 60 acres of open space with eight lakes, creeks, and mature oak trees
  • 20-acre central park with trails, private lake, and island
  • 5-acre stocked fishing lake with deck and scenic overlook
  • Nearly 10 miles of walking and biking trails
  • Resort-style pools with cabanas
  • State-of-the-art fitness center and amphitheater
  • Tennis courts and playgrounds
  • Top-rated Prosper ISD with on-site elementary school
  • Easy access to Hwy. 380, US 75, and Dallas North Tollway
Mon - Thu & Sat: 10am - 6pm; Fri & Sun: 12pm - 6pm

Location

3240 Malibu Moon Drive, Celina, TX 75009
469-757-2328
Quick Move-In Homes

Available in Mustang Lakes 40'

Print Listings

3101 Casa Blanca Street, a Celina, TX new home for sale
3101 Casa Blanca Street, a Celina, TX new home for sale
3101 Casa Blanca Street, a Celina, TX new home for sale
3101 Casa Blanca Street, a Celina, TX new home for sale
Quick Move-In

Move-In Ready

Available now

$519,990

$585,733

$65K off

Est. $2,360/Mo.*

4 bed · 3 bath · 2,781 sqft

3101 Casa Blanca Street, Celina · Homesite ZZ-12-8
3017 Ferdinand Alley, a Celina, TX new home for sale
3017 Ferdinand Alley, a Celina, TX new home for sale
3017 Ferdinand Alley, a Celina, TX new home for sale
3017 Ferdinand Alley, a Celina, TX new home for sale
Quick Move-In

Under Construction

Est. completion: Oct 2026

$539,990

$578,914

$38K off

Est. $2,588/Mo.*

3 bed · 2/1 bath · 2,264 sqft

3017 Ferdinand Alley, Celina · Homesite H-14-A2
3200 Philly Street, a Celina, TX new home for sale
3200 Philly Street, a Celina, TX new home for sale
3200 Philly Street, a Celina, TX new home for sale
3200 Philly Street, a Celina, TX new home for sale
Quick Move-In

Move-In Ready

Available now

$547,990

$635,547

$87K off

Est. $2,487/Mo.*

4 bed · 3 bath · 3,006 sqft

3200 Philly Street, Celina · Homesite YY-15-8
3033 Casa Blanca Street, a Celina, TX new home for sale
3033 Casa Blanca Street, a Celina, TX new home for sale
Quick Move-In

Move-In Ready

Available now

$549,990

$607,730

$57K off

Est. $2,496/Mo.*

4 bed · 3/1 bath · 2,747 sqft

3033 Casa Blanca Street, Celina · Homesite G-2-A2
3029 Casa Blanca Street, a Celina, TX new home for sale
3029 Casa Blanca Street, a Celina, TX new home for sale
3029 Casa Blanca Street, a Celina, TX new home for sale
3029 Casa Blanca Street, a Celina, TX new home for sale
Quick Move-In

Move-In Ready

Available now

$574,990

$631,728

$56K off

Est. $2,609/Mo.*

4 bed · 3 bath · 2,994 sqft

3029 Casa Blanca Street, Celina · Homesite G-1-A2
3025 Point Indy Lane, a Celina, TX new home for sale
3025 Point Indy Lane, a Celina, TX new home for sale
3025 Point Indy Lane, a Celina, TX new home for sale
3025 Point Indy Lane, a Celina, TX new home for sale
Quick Move-In

Under Construction

Est. completion: Nov 2026

$583,465

Est. $2,796/Mo.*

4 bed · 3/1 bath · 2,433 sqft

3025 Point Indy Lane, Celina · Homesite H-16-A2
3029 Point Indy Lane, a Celina, TX new home for sale
3029 Point Indy Lane, a Celina, TX new home for sale
3029 Point Indy Lane, a Celina, TX new home for sale
3029 Point Indy Lane, a Celina, TX new home for sale
Quick Move-In

Under Construction

Est. completion: Nov 2026

$600,619

Est. $2,878/Mo.*

4 bed · 3/1 bath · 2,684 sqft

3029 Point Indy Lane, Celina · Homesite H-17-A2
Floor Plans

Available in Mustang Lakes 40'

Single-story home with light brick exterior, arched front entry, dark roof, and landscaped front yard

Aubrey

From $479,990

3 Beds icon 2 Baths icon 1,807 Square footage icon

Mustang Lakes 40'
Single-story home with light gray brick exterior, arched entry, dark roof, and landscaped front yard

Bishop

From $484,990

3 Beds icon 2/1 Baths icon 1,994 Square footage icon

Mustang Lakes 40'
Two-story white brick home with dark arched front door, wood accents, and landscaped yard

Garrison

From $519,990

3 Beds icon 2/1 Baths icon 2,359 Square footage icon

Mustang Lakes 40'
Two-story white brick home with dark roof, arched entry door, and landscaped front yard with stone steps.

Morris

From $519,990

3 Beds icon 2/1 Baths icon 2,224 Square footage icon

Mustang Lakes 40'
Two-story brick home with dark roof, multiple large windows, and front entry with wall lights at dusk

Stephens

From $521,990

3 Beds icon 2/1 Baths icon 2,262 Square footage icon

Mustang Lakes 40'
Two-story modern farmhouse with white brick and board-and-batten exterior, black windows, and landscaped front yard

Zapata

From $524,990

4 Beds icon 3/1 Baths icon 2,433 Square footage icon

Mustang Lakes 40'
Two-story brick home with dark shingle roof, black shutters, and front entry at dusk

Karnes

From $534,990

4 Beds icon 3/1 Baths icon 2,505 Square footage icon

Mustang Lakes 40'
Two-story home with light brick exterior, dark upper level, and wood front door with landscaped yard

Kenedy

From $539,990

4 Beds icon 3 Baths icon 2,756 Square footage icon

Mustang Lakes 40'
Two-story brick home with dark shingle roof, front entry, and landscaped yard at dusk

Roberts

From $544,990

4 Beds icon 3/1 Baths icon 2,684 Square footage icon

Mustang Lakes 40'
Two-story brick home with dark roof, multiple windows, and landscaped front yard

Hudson

From $549,990

4 Beds icon 3 Baths icon 2,781 Square footage icon

Mustang Lakes 40'
Aerial view of community amenity center with pool, tennis courts, playground, and surrounding pond

Community Insights

Nestled in Celina between Prosper and McKinney, Mustang Lakes delivers the perfect balance of convenience and natural beauty. With quick access to Hwy 380, US 75, and the Dallas North Tollway, residents are never far from the best of North Texas. Celina itself blends small-town charm with big-city accessibility, offering peaceful suburban living just minutes from Frisco and McKinney. Known for its friendly atmosphere, top-rated schools, and strong sense of community, it’s a place where neighbors know one another and life moves at an easy, enjoyable pace.

Every day at Mustang Lakes feels like a getaway thanks to an impressive lineup of award-winning amenities designed for recreation, relaxation, and connection. Residents can unwind at the resort-style swimming pools with private cabanas, stay active in the state-of-the-art fitness center, or explore nearly 10 miles of scenic trails perfect for walking, running, and biking. The 20-acre central park—with its lakes, fishing decks, and shaded picnic areas—is a favorite weekend destination, while the clubhouse and amphitheater host events and gatherings throughout the year. Tennis enthusiasts will appreciate the competition courts, and families enjoy the playgrounds and open green spaces made for everyday fun.

Nature lovers will quickly feel at home here. Mustang Lakes features more than 60 acres of open space, eight serene lakes, winding creeks, and a canopy of mature oak trees that create picturesque surroundings at every turn. Community highlights include a private lake and island, a 5-acre stocked lake with a fishing deck and overlook, and miles of beautifully maintained trails that wind throughout the neighborhood.

Families will also love the convenience of top-tier education within reach. Mustang Lakes is served by the highly acclaimed Prosper Independent School District—ranked the #1 district in the area—with an on-site elementary school already open for residents. It’s one more reason Mustang Lakes stands out as a community where comfort, connection, and exceptional living come together.

Points Of Interest
  • Airport
  • Entertainment
  • Medical
  • Park
  • Restaurant
  • Schools
  • Supermarket
  • click a category to see nearby points of interest: click a category:
  • Airport
  • Entertainment
  • Medical
  • Park
  • Restaurant
  • Schools
  • Supermarket
High School
Walnut Grove High School
Middle School
Rogers Middle School
Elementary
Johnson Elementary School
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Contact Us
Our new home specialists are happy to answer your questions and provide you with information about our communities, available homes and floor plans.

By providing your contact information and clicking Request Info, you consent to receive periodic emails, phone calls, and other communications from us or on behalf of us, which may also be done through automatic telephone dialing systems or artificial or pre-recorded voice.

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