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$795,000
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Property Description
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.
Full Property Details
Full Property Details for 4101 Waterview Trl
General
- Price: $795,000
- HOA FEE: $191/month
- Status: Active
- Type: Lots/Land
- Source: NTREIS
- MLS ID: 20951596
- Updated: 7/25/2025
- Added to Site: 234 day(s) ago
Additional Information
- Shared Pool: Yes
- Pool: Yes
- Pool Description: Community
Location
- County: Collin
- Subdivision: MUSTANG LAKES PHASE FIVE
- Driving Directions: From Hwy 380, head north on Custer Rd. Turn left onto FM 1461 (Frontier Pkwy), then go north on Waterview Trl. The lot will be on your left.
School Information
- Elem School District: Prosper ISD
- Midd School District: Prosper ISD
- High School District: Prosper ISD
- Elementary School: Sam Johnson
- Middle School: Lorene Rogers
- High School: Walnut Grove
Community
- Association: Yes
- Assoc. Name: Insight Association Mgmt
- Assoc. Fees Include: All Facilities
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electricity Available, Sewer Available, Water Available
Structural Information
- Detached/Attached: Detached
Lot Features
- Lot Size (Acres): 1.97
- Lot Size (Sq. Ft.): 85,813
- Frontage: City Street
- Sidewalks: Yes
- Lot Features: Acreage, Interior Lot, Irregular Lot, Many Trees, Subdivision, City Lot
- Zoning: Zoned Residential
Financial Considerations
- Association Fee: $191
- Assoc Fee Freq.: Monthly
Disclosures and Reports
- Property ID: R-12438-00B-0150-1
Listed by Allie Beth Allman & Assoc., Grady Yates
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Schools
Schools serving 4101 Waterview Trl
School District:Prosper Independent School District
| Name | Grades | Distance |
|---|---|---|
Sam Johnson Elementary School 4001 Waterview Trail, Celina, TX 75009 | K-5 | 0.1 mi |
Lorene Rogers Middle School 1001 South Coit Road, Prosper, TX 75078 | 6-8 | 3.4 mi |
Prosper High School 301 Eagle Drive, Prosper, TX 75078 | 9-12 | 3.2 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 4101 Waterview Trl
Date
Details
Price
Change
Source
5/29/2025
Listed
$795,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 4101 Waterview Trl
Year
Property Taxes
Change
Tax Assessment
Change
2024
$24,863
53%
$750,000
—
2023
$16,198
100%
$750,000
233%
2022
-100%
$225,000
—
2022
$8,361
—
$225,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 4101 Waterview Trl
4101 Waterview Trail, Celina, TX 75009 (MLS# 20951596) is a Lots/Land property with a lot size of 1.97 acres. 4101 Waterview Trail is currently listed for $795,000 and was received on May 29, 2025. Want to learn more about 4101 Waterview Trail? Do you have questions about finding other Lots/Land real estate for sale in Celina? You can browse all Celina real estate or contact a Coldwell Banker agent to request more information.

