Prosper's newest luxury gated community at Prosper Trail & Teel Parkway. Four builders, 80'–85' lots, a resort-style pool, pickleball, walking trails and Prosper ISD schools within walking distance.
If you've been watching the new home scene along the US-380 corridor, you've probably heard the buzz about Park Place. It's one of the most anticipated gated communities to break ground in Prosper — multiple builders, large lots, and an amenity package that rivals anything else in North Texas.
Park Place sits at the southeast corner of Prosper Trail and Teel Parkway, with additional builder sections near Bluebell Lane, all within Prosper ISD boundaries. You're minutes from downtown Prosper and The Gates of Prosper, about 15 minutes to Frisco, and roughly 40 minutes to DFW Airport.
Park Place is a gated community with secure entry, giving residents controlled access and the kind of privacy that luxury buyers look for. The neighborhood was planned with that same intention throughout, from tree-lined streets to a layout designed around its amenity center rather than around through-traffic.
What makes Park Place unique is the mix of builders working within it, which means a wider range of lot sizes, architectural styles, and price points than you'd typically find in a single gated section.
Grand Homes offers twelve floor plans from 3,200 to over 6,300 square feet, priced from roughly $1 million to $1.9 million. Plans like the Grand Park Place, Lake Forest, Miramonte, and Grand Riverside all feature award-winning architecture and semi-custom flexibility, with every home Energy Star verified.
Shaddock Homes is building on 80-foot lots with fifteen floor plans ranging from 2,672 to over 4,800 square feet. Most homes offer 4–5 bedrooms and 3–4.5 baths, with pricing from the $900s up to around $1.3 million for quick move-in homes. Shaddock is also offering up to $250,000 in design studio selections on select homes.
Drees Custom Homes brings a build-on-your-lot option through its Elevate program for buyers who already own a home site in the community and want a fully custom home.
Partners in Building rounds things out with 85-foot lots starting in the $800s. Their two-story floor plans run from about 4,200 to 4,550 square feet, including The Preston and The Legacy, with a model home at 930 Bellagio Drive showing 5 bedrooms and 4.5 baths.
Together, that gives buyers real choices: a starter luxury home in the $800s or a fully custom estate closer to $1.9 million, all inside the same gates.
Park Place isn't just about the homes. Residents will have access to a resort-style swimming pool and clubhouse, pickleball courts, a shaded amenity center, a large playground, tree-lined walking trails, and Mary's Park within the community. A grand amenity center and lake access are also planned as the community builds out.
Park Place is zoned to Prosper ISD, one of the most highly regarded districts in North Texas. Students are zoned to Bryant Elementary, Rushing Middle School, and Richland High School, all within walking distance for many sections of the neighborhood.
If you want a gated address, a top-rated school district, and the flexibility to choose your builder and price point, Park Place is worth putting on your list. Inventory is moving quickly as multiple builders sell simultaneously, so timing matters more here than in a typical single-builder community.
Park Place sits at the southeast corner of Prosper Trail and Teel Parkway, with additional builder sections near Bluebell Lane. It's minutes from downtown Prosper and The Gates of Prosper, about 15 minutes to Frisco, and roughly 40 minutes to DFW Airport.
Four builders are active in Park Place: Grand Homes (12 plans, 3,200–6,300+ sq ft, ~$1M–$1.9M), Shaddock Homes (80' lots, 2,672–4,800+ sq ft, from the $900s), Drees Custom Homes (build-on-your-lot Elevate program), and Partners in Building (85' lots, from the $800s).
Yes. Park Place is a gated community with secure, controlled-access entry, tree-lined streets, and a layout designed around its amenity center rather than through-traffic.
Park Place is zoned to Prosper ISD: Bryant Elementary School, Rushing Middle School, and Richland High School — all within walking distance for many sections of the neighborhood.
Residents have access to a resort-style swimming pool and clubhouse, pickleball courts, a shaded amenity center, a large playground, tree-lined walking trails, and Mary's Park. A grand amenity center and lake access are planned as the community builds out.
Anne Cicero is a Realtor® with Monument Realty serving Prosper, Celina, and Frisco, Texas. Office: 181 S Main St., Suite 110, Prosper, TX 75078. Phone: 945.302.1437. Email: annecicero@monumentstar.com.