Canyon Falls and The Ridge at Northlake are two of the more established master-planned communities in Denton County. Canyon Falls has select new homes remaining in its late-phase development, while The Ridge at Northlake is in active development with Taylor Morrison and David Weekley Homes currently selling. For buyers considering these communities, the dynamics are different from what you would find in a brand-new development. The amenities are finished, the streetscapes are mature, and there is a track record of resale activity to evaluate.
This guide covers what is currently available, who is still building, what the HOA structure looks like, and how to approach the decision between a maturing community and a newer one. I work with buyers and sellers across these communities daily, and the information here is based on current official sources and verified data.
Quick Answers
Short, direct answers to the questions buyers ask most about Canyon Falls and The Ridge at Northlake final-phase homes, based on the verified details in this article. Builders, prices, HOA dues, and inventory change, so confirm the current specifics with each builder.
-
Is Canyon Falls still building new homes?
Yes. Canyon Falls is a maturing community with select new homes remaining in its late-phase development. In January 2026, the Flower Mound Town Council approved a 65-home residential development on about 27 acres in the Denton Creek area, described as the final residential subdivision in the applicable Flower Mound portion.
-
Who is currently building in Canyon Falls?
As of September 1, 2026, the official Canyon Falls website lists Chesmar Homes and Windmiller Homes as the active builders. Builder participation and inventory can change, so verify current homesites, plans, and pricing through the community homefinder and each builder.
-
What are the 2026 Canyon Falls HOA assessments?
Canyon Falls' official FAQ states 2026 HOA assessments are $608 quarterly, or $2,432 annually, including the HOA base assessment, front-yard maintenance, and Frontier internet and cable assessment. Dues and included services can change.
-
Which builders are currently selling at The Ridge at Northlake?
David Weekley Homes and Taylor Morrison are the two builders currently active, with about 1,000 single-family homes planned. As reviewed September 1, 2026, David Weekley advertised from about $596,990, and Taylor Morrison from about $512,990 on 50-foot, $602,990 on 60-foot, and $701,990 on 70-foot collections.
-
Does buying in a final phase guarantee better resale value?
No. A mature community may provide more comparable-sales data, but future resale value is not guaranteed. Market conditions, interest rates, taxes, insurance, HOA obligations, home condition, homesite characteristics, and competing listings can all affect resale performance.
Why Mature Communities Deserve a Close Look
Most buyers are drawn to the newest community on the market. The model homes are polished, and early-phase pricing can feel compelling. But being first also means living in a construction zone, waiting for amenities to be built, and accepting the uncertainty of whether the developer's vision will match the reality. A mature community has already delivered on that vision. The trails are shaded, the pools are established, and you can walk the neighborhood and see exactly what your investment looks like.
What a maturing community actually means for buyers: The developer has received approval for the last residential sections, builders have their remaining lots assigned, and once those lots sell, new construction in that community will wind down. For buyers, this provides greater visibility into existing amenities, streetscapes, landscaping, resale activity, and HOA operations compared to a community that is still in early development.
Canyon Falls: What Buyers Should Know as This Community Matures
Living in Canyon Falls means being part of a master-planned community spanning approximately 1,200 acres across Northlake, Flower Mound, and Argyle. The community was designed around its approximately 200-acre Graham Branch Creek natural corridor, a stretch of preserved creek land featuring oak hammocks, wetlands, a historic hay barn, and more than 14 combined miles of paved and unpaved trails.
Canyon Falls is a maturing community with select new-construction opportunities remaining in its late-phase development. In January 2026, the Flower Mound Town Council approved a 65-home residential development on approximately 27 acres in the Denton Creek area of Canyon Falls. This approval represents the final residential subdivision within the applicable Flower Mound portion described by the town. Buyers should not assume every remaining Canyon Falls home or builder opportunity is located within those 65 lots. Current availability should be verified through the official community homefinder and directly with the builder.
Canyon Falls at a Glance
Who Is Currently Building in Canyon Falls
As of September 1, 2026, the official Canyon Falls website lists two active builders offering new homes:
- Chesmar Homes. Building on a range of homesites with open-concept floor plans, modern finishes, and energy-efficient construction. Current homesites, plans, and pricing should be verified through the official community homefinder and directly with the builder.
- Windmiller Homes. A custom builder building semi-custom homes on select homesites with designs that complement the natural terrain. Current homesites, plans, and pricing should be verified through the official community homefinder and directly with the builder.
What I'm seeing on the ground: As the community reaches maturity, the remaining new-home inventory is concentrated with these two builders. Buyers considering Canyon Falls should evaluate current available homesites, floor plans, and pricing directly with each builder. My experience with new construction helps buyers compare builder processes, homesites, floor plans, incentives, upgrade structures, contract considerations, inspections, and construction timelines.
The Ridge at Northlake: Current Development Status
The Ridge at Northlake is a master-planned community in Northlake that has been in development since the mid-2010s. The community will ultimately consist of approximately 1,000 single-family homes on 50-, 60-, and 70-foot lots. Taylor Morrison and David Weekley Homes are actively selling new construction at The Ridge. Highland Homes also built in this community.
The Ridge at Northlake at a Glance
Which Builders Are Currently Selling at The Ridge
Two builders are currently active at The Ridge at Northlake:
- David Weekley Homes. Offering plans and quick move-in homes in the community. As reviewed on September 1, 2026, advertised pricing from approximately $596,990. Pricing varies by floor plan, lot, and options.
- Taylor Morrison. Building across multiple lot-size collections including 50-, 60-, and 70-foot plans. As reviewed on September 1, 2026, advertised pricing from approximately $512,990 for 50-foot collections, $602,990 for 60-foot collections, and $701,990 for 70-foot collections. Pricing varies by section and floor plan.
As reviewed on September 1, 2026, David Weekley Homes advertised The Ridge at Northlake from approximately $596,990, and Taylor Morrison advertised 50-foot, 60-foot, and 70-foot collections as noted above. Prices, plans, homesites, incentives, and inventory are subject to change, and availability changes frequently as inventory sells. I can provide current pricing and lot availability for both builders.
Comparing the Two: Canyon Falls vs. The Ridge at Northlake
Both communities have different characteristics, and they appeal to different buyer priorities. Here is how I help my clients think through the decision:
Choose Canyon Falls if...
You value nature-forward living, an established trail system, and a community built around preserved creek land. The approximately 200-acre Graham Branch Creek natural corridor and more than 14 combined miles of paved and unpaved trails are existing amenities. Properties in Canyon Falls may be served by Argyle ISD or Northwest ISD depending on the property address, so attendance should be verified with the applicable district.
Choose The Ridge at Northlake if...
You prefer a smaller-scale community with two active builders and a consistent neighborhood feel. The Ridge's location offers convenient access to the I-35W corridor and Northlake's growing retail infrastructure. With David Weekley Homes and Taylor Morrison building, the community offers a focused set of options for buyers who know what they want.
Consider both if...
You are relocating to North Texas and want to compare established communities before newer developments reach maturity. Both Canyon Falls and The Ridge have mature amenities, established HOA operations, and existing neighborhoods you can walk through and evaluate in person. HOA control status and financials should always be verified rather than assumed.
The Case for Buying in a Mature Community
Buying in a maturing community is not inherently better or worse than buying in a newer community. But there are specific, tangible factors that buyers should understand:
1. Incentives vary by builder, home, and timing
Builders may offer financing assistance, closing-cost contributions, price adjustments, or other incentives on selected homes. Offers vary by property, contract date, financing program, lender, and closing deadline. Buyers should request the complete offer in writing and compare the net price and loan terms. An advertised interest rate may require discount points, a particular loan program, a larger down payment, use of an affiliated lender or title company, and closing by a specified deadline.
2. Community infrastructure is fully mature
New communities promise amenities. Mature communities deliver them. At Canyon Falls, the trail network, the fitness center, the pools, and the Graham Branch Creek natural corridor are all established. You can evaluate the finished product in person rather than relying only on renderings and model homes.
3. Resale data is available to evaluate
Established amenities and additional resale data can make a mature community easier to evaluate, but future appreciation and resale value are not guaranteed. Interest rates, taxes, insurance costs, HOA obligations, home condition, homesite characteristics, buyer demand, and competing listings can affect value.
4. The neighborhood character is already defined
At a mature community, the character of the neighborhood is established. You can see that the streets are maintained, the landscaping has matured, and there is less ambiguity about the finished product compared to a community still under construction. Buyers should still verify the HOA's current control status, assessments, and financial condition rather than assume them.
What to Watch For When Buying Remaining New-Home Inventory
Buying one of the last new homes in a community has unique dynamics. Here are a few things I make sure every client understands before they commit:
- Lot selection matters when choices are limited. Characteristics such as busy streets, utility easements, drainage, trail proximity, orientation, privacy, and adjacent land uses may affect buyer demand, marketability, and resale considerations. These factors should be evaluated against the lot premium and comparable sales before signing a contract.
- Builder processes and value differ. Each builder has its own approach to construction, design options, contracts, and timelines. My experience with new construction helps buyers compare builder processes, homesites, floor plans, incentives, upgrade structures, contract considerations, inspections, and construction timelines.
- Remaining-inventory pricing varies. Sometimes builders hold firm on pricing and offer incentives instead. Other times, they adjust prices on specific inventory homes. Understanding which approach a builder is taking, and why, helps you negotiate more effectively. I monitor builder pricing weekly across both communities.
- HOA documents and control status matter. Buyers should verify the HOA's current control status with the managing agent or board, and read the resale certificate, governing documents, current budget, assessments, insurance information, and applicable notices. As a real estate broker, I help clients identify transaction deadlines and documents that warrant careful review. Questions requiring legal interpretation should be directed to a qualified Texas real estate attorney.
- Closing schedules vary by home and contract. Closing timing depends on the home's completion status, inspections, lender and title requirements, builder documentation, and the purchase contract. Buyers should obtain the estimated completion and closing schedule in writing.
Selling in a Maturing Community: What Sellers Should Know
If you own a home in Canyon Falls or The Ridge at Northlake and are considering selling, the dynamics are different from selling in a newer community where no resale history exists. With active builders still selling new inventory, resale sellers compete directly with builder homes, builder incentives, and sometimes below-market financing offers.
Competing with Builder Inventory
When a builder is still actively selling in the same community, your resale home competes with new construction that may offer upgraded finishes, modern floor plans, and builder incentives on financing or closing costs. The key is positioning. A well-maintained resale home on a premium lot, with established landscaping and no construction timeline, appeals to buyers who want to move in now rather than wait for a build. I help sellers evaluate current builder offerings and price their home strategically to attract buyers who are comparing both options.
Zillow Showcase for Eligible Listings
For qualifying listings, Zillow Showcase can provide enhanced visibility through premium placement on the Zillow platform, helping your home stand out to buyers actively searching in the area. As a Zillow Showcase agent, I can help evaluate whether your listing qualifies for this program at no additional cost. There are no guarantees of eligibility or results, and listing performance depends on market conditions, pricing, and property characteristics.
Strategic Pricing in an Active-Builder Market
The presence of active builders creates a pricing ceiling for resale homes. Buyers will compare your home's price per square foot, lot size, upgrades, and condition against what the builder offers for a similar or slightly higher price new. I analyze current builder pricing, available inventory, recent comparable sales, and market absorption data to develop a pricing strategy that positions your home competitively while protecting your equity. This is especially important in maturing communities where the builder may adjust pricing or offer incentives that shift the competitive landscape.
Whether you are buying or selling in these communities, having an agent who understands both the builder and resale dynamics is essential. As a Texas Real Estate Broker and REALTOR® serving North Texas buyers and sellers, I bring a strategic, data-driven approach to every transaction. I work with clients across Canyon Falls, The Ridge at Northlake, and the surrounding Denton County communities to help them make confident real estate decisions.
How This Fits into the Broader Denton County Picture
Canyon Falls and The Ridge at Northlake are maturing at the same time that new communities are opening across the corridor. Landmark by Hillwood is an earlier-stage, 3,200-acre Denton development with nine builders and officially advertised pricing from the high $300s to more than $1 million as of August 2026. Earlier-stage development may provide a different mix of homesites and construction activity, but it does not guarantee a lower total cost or greater appreciation. Forestar's 281-acre community south of Downe Road is in the planning stages. The contrast is worth understanding: new communities offer different builder, homesite, and pricing choices, while mature communities offer established amenities and resale data to evaluate.
The strategic perspective: Neither is universally better. Mature communities provide greater visibility into existing amenities, streetscapes, and resale activity, while newer communities may offer different builder, homesite, and floor-plan choices. Pricing and incentives must be compared based on current inventory rather than community phase alone.
For a deeper look at how new-construction phases work across Denton County, see our guide to understanding new construction phases in Denton County. The best approach is to evaluate both paths with clear criteria, such as schools, commute, lifestyle fit, and comparable sales data, and choose the one that aligns with your priorities. That is where I come in.
Should I Buy in a Mature Master-Planned Community or an Early-Phase New Construction Community?
Neither is universally better. Mature communities provide greater visibility into existing amenities, streetscapes, and resale activity, while newer communities may offer different builder, homesite, and floor-plan choices. Pricing and incentives must be compared based on current inventory rather than community phase alone.
The Bottom Line
Canyon Falls and The Ridge at Northlake are established Denton County communities. Canyon Falls continues to offer select new homes in its late-phase development, and The Ridge at Northlake remains in active development. Understanding what is currently available, what the costs are, and how the mature-community dynamics work gives you the information you need to make a confident decision.
Whether you are drawn to Canyon Falls' trail network and preserved creek land, or The Ridge's two active builders and Northlake convenience, both communities have established amenities and existing neighborhoods you can evaluate in person. Newer developments in the corridor remain earlier in their construction timeline.
If you are evaluating either of these communities, or trying to decide between a mature option and a brand-new development, I will help you cut through the noise and make a decision that fits your next chapter.
Want to talk about buying or selling in this area? Schedule a Consultation.
Theresa De La Rosa
Broker, REALTOR® · Covenant Heritage Realty | In DFW Living Group
Texas License #807294
Theresa is the founder and Broker of Covenant Heritage Realty, LLC and a Texas Real Estate Broker and REALTOR®, serving sellers, buyers, and military families throughout the Dallas-Fort Worth metroplex. With 18+ years of experience and deep expertise in Northlake, Denton County communities, and new construction, she provides strategic, data-driven real estate guidance. She holds the Accredited Buyer's Representative (ABR) designation, is a Certified Luxury Marketing Specialist, an AI Certified Agent, and an AI Listing Advantage holder, and has been recognized as a RateMyAgent Price Expert and a Million Dollar Club producer.
TX Broker License #807294 · FL License #3102580
Last Reviewed: September 1, 2026. Builder participation, community plans, available homes, prices, incentives, completion dates, school boundaries, HOA dues, assessments, bundled services, tax rates, and amenities can change. Information was reviewed on September 1, 2026. Buyers should verify current information with the builder, developer, HOA, municipality, school district, taxing authorities, lender, title company, and appropriate professional advisers. This article is for general informational purposes and is not legal, tax, lending, or investment advice. Equal Housing Opportunity.
Frequently Asked Questions
Is Canyon Falls still building new homes?
Yes. Canyon Falls is a maturing community with select new homes remaining in its late-phase development. In January 2026, the Flower Mound Town Council approved a 65-home residential development on approximately 27 acres in the Denton Creek area of Canyon Falls. The approval represents the final residential subdivision within the applicable Flower Mound portion described by the town. Buyers should not assume every remaining Canyon Falls home or builder opportunity is located within those 65 lots. Current availability should be verified through the official community homefinder and directly with the builder.
Who is currently building in Canyon Falls?
As of September 1, 2026, the official Canyon Falls website lists Chesmar Homes and Windmiller Homes as the active builders in the community. Builder participation and inventory can change, so buyers should verify current homesites, plans, and pricing through the official community homefinder and directly with each builder.
What are the 2026 Canyon Falls HOA assessments?
Canyon Falls' official FAQ states that 2026 HOA assessments are $608 quarterly, or $2,432 annually. The assessment includes the HOA base assessment, front-yard maintenance assessment, and Frontier internet and cable assessment. Dues and included services can change.
Is The Ridge at Northlake still building?
Yes. The Ridge at Northlake is an active community with new construction available. The community will ultimately consist of approximately 1,000 single-family homes. Two builders are currently active: David Weekley Homes and Taylor Morrison. Highland Homes also built in this community.
Which builders are currently selling at The Ridge at Northlake?
David Weekley Homes and Taylor Morrison are the two builders currently active at The Ridge at Northlake. Taylor Morrison builds across 50-, 60-, and 70-foot collections. As reviewed on September 1, 2026, David Weekley Homes advertised pricing from approximately $596,990, and Taylor Morrison advertised 50-foot collections from approximately $512,990, 60-foot collections from approximately $602,990, and 70-foot collections from approximately $701,990. Prices, plans, homesites, incentives, and inventory are subject to change, so current figures should be verified directly with each builder.
Are builders more likely to offer incentives near community buildout?
Builders may offer financing assistance, closing-cost contributions, price adjustments, or other incentives on selected homes, but there is no guaranteed incentive amount or closing timeline. Offers vary by property, contract date, financing program, lender, and closing deadline. Buyers should request the complete offer in writing and compare the net price and loan terms.
Is buying in a mature community better than buying in a new community?
Neither is universally better. Mature communities provide greater visibility into existing amenities, streetscapes, and resale activity, while newer communities may offer different builder, homesite, and floor-plan choices. Pricing and incentives must be compared based on current inventory rather than community phase alone. Your decision should be based on your specific priorities, including schools, commute, lifestyle fit, budget, and timeline.
What should I evaluate when buying one of the remaining new homes?
Key factors include lot characteristics (busy streets, utility easements, drainage, trail proximity, orientation, privacy, and adjacent land uses) and how they may affect marketability and resale considerations. Also evaluate builder processes, floor plans, upgrade structures, contract terms, inspections, and construction timelines. Obtain the estimated completion and closing schedule in writing, and verify the HOA's current control status and financial condition. Compare both mature and newer community options based on your specific criteria.
Does buying in a final phase guarantee better resale value?
No. A mature community may provide more comparable-sales data, but future resale value is not guaranteed. Market conditions, interest rates, property taxes, insurance costs, HOA obligations, home condition, homesite characteristics, and competing listings can all affect resale performance.