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$525,000 Just Listed
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Property Description
Welcome to this picture-perfect updated farmhouse retreat on 1.3 acres in Lavon, just minutes from scenic Lake Lavon! This inviting 3-bedroom, 2-bath home captures classic country charm with its wrap-around porch and welcoming curb appeal. Step inside to discover a warm, open layout filled with natural light and thoughtful details that make every space feel like home. Enjoy peaceful mornings on the covered back porch overlooking your private acreage-complete with a chicken coop generator and plenty of room to garden, play, or simply unwind. A recently added shop with pull through door, adds incredible versatility for hobbies, storage, or creative projects. Don't miss the extra room for parking! Whether you're dreaming of a little homestead or a quiet place to relax close to the lake, this property delivers the best of both worlds. Homes like this are rare-come see it in person and fall in love with the lifestyle it offers! Check out the virtual tour and floorplan video too!
Full Property Details
Full Property Details for 509 Mustang Ct
General
- Price: $525,000
- Taxes: $8,572
- Status: Active
- Type: Single Family
- Source: NTREIS
- MLS ID: 21255993
- Updated: 4/30/2026
- Added to Site: Today
Interior
- Interior Features: Eat-in Kitchen, Cable TV, Walk-In Closet(s)
- Fireplace: Yes
- Number of Fireplaces: 1
- Fireplace(s): Masonry, Wood Burning
- Appliances: Dishwasher, Electric Range, Disposal
- Flooring: Wood
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 3
Other Rooms
- Laundry: Washer Hookup, Electric Dryer Hookup, Laundry in Utility Room
Additional Information
- Security/Safety: Smoke Detector(s)
- Equipment: Generator
Exterior
- Exterior Features: Rain Gutters
- Porch/Patio/Deck: Rear Porch, Front Porch, Wrap Around, Covered
Parking
- Garage: Yes
- Garage Spaces: 4
- Covered Spaces: 4
- Parking Features: Door-Multi, Driveway, Garage Faces Front, Garage, Gravel
Location
- County: Collin
- Subdivision: Mustang Estates
- Driving Directions: Heading east on Hwy 78, turn right at light at Lake Rd, then right onto Main, left onto Mustang Ct. Home will be on the right
School Information
- Elem School District: Community ISD
- Midd School District: Community ISD
- High School District: Community ISD
- Elementary School: Nesmith
- Middle School: Leland Edge
- High School: Community
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Electric
- Heating Type: Central, Electric
Utilities
- Sewer: Septic Tank
- Water: Public
- Cable Available: Yes
- Utility Description: Septic Available, Water Available, Cable Available
Structural Information
- Property Detached: Yes
- Architectural Style: Traditional, Detached
- Structure Type: House
- Detached/Attached: Detached
- Roof: Composition
- Stories/Levels: 1
- Living Area: 1,794 Sq. Ft.
- Year Built: 1987
Additional Structures
- Other Structures: Garage(s), Outbuilding, Poultry Coop, Workshop
Lot Features
- Lot Size (Acres): 1.308
- Lot Size (Sq. Ft.): 56,976.48
- Lot Size Source: Assessor
- Lot Features: Back Yard, Cleared, Interior Lot, Lawn, Landscaped
- Fencing (Description): Metal, Wood
Financial Considerations
- For Sale/Rent/Lease: For Sale
- Tax Amount: $8,572
- Terms: Cash, Conventional, FHA, VA Loan
Disclosures and Reports
- Exclusions: Washer, Dryer, Kitchen Refrigerator, Storm Shelter, play gym in backyard, TV's
- Property ID: R164000003201
- Lot Number: 32
Listed by Ebby Halliday, REALTORS, Sara Taylor
Get Pre-Approved Today
Schools
Schools serving 509 Mustang Ct
School District:Community Independent School District
| Name | Grades | Distance |
|---|---|---|
Nesmith Elementary School 801 Presidents Boulevard, Lavon, TX 75166 | PK-5 | 0.3 mi |
Community High School 440 North Farm To Market 1138, Nevada, TX 75173 | 9-12 | 5.1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 509 Mustang Ct
Date
Details
Price
Change
Source
4/30/2026
Listed
$525,000
—
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 509 Mustang Ct
Year
Property Taxes
Change
Tax Assessment
Change
2024
$7,184
12%
$343,957
-28%
2023
$6,428
-14%
$477,008
17%
2022
$7,444
—
$408,947
16%
2022
$7,444
33%
$353,383
38%
2021
$5,615
24%
$256,550
9%
2020
$4,537
-8%
$235,395
10%
2019
$4,941
-5%
$214,510
-2%
2018
$5,219
26%
$218,593
24%
2017
$4,158
9%
$176,730
10%
2016
$3,808
9%
$160,664
10%
2015
$3,487
9%
$146,058
9%
2014
$3,195
2%
$133,821
3%
2013
$3,132
—
$130,409
—
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 509 Mustang Ct
509 Mustang Court, Lavon, TX 75166 (MLS# 21255993) is a Single Family property with 3 bedrooms and 2 full bathrooms. 509 Mustang Court is currently listed for $525,000 and was received on April 30, 2026. Want to learn more about 509 Mustang Court? Do you have questions about finding other Single Family real estate for sale in Lavon? You can browse all Lavon real estate or contact a Coldwell Banker agent to request more information.

