Most of the new construction conversation in Denton County has centered on Pecan Square, Landmark, and the Argyle corridor. But there is a parallel story unfolding along two lake shorelines that deserves attention, especially for buyers drawn to water-adjacent living, lower-density communities, and a lifestyle that master-planned suburbs alone cannot replicate.
Two distinct lake markets serve this area: Flower Mound's Lakeside Village on Grapevine Lake and Hickory Creek on Lewisville Lake. This buyer's guide covers active new construction, established developments, and what buyers should know about each market.
Quick Answers
Short, direct answers to the questions buyers ask most about lake-living new construction around Flower Mound and Hickory Creek, based on the verified details in this article. Pricing, builders, and development timelines change, so confirm current specifics.
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Is Lakeside Village on Grapevine Lake or Lewisville Lake?
Lakeside Village in Flower Mound is on Grapevine Lake. Hickory Creek is on Lewisville Lake. The two lakes are separate water bodies approximately 15 miles apart.
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What is Lakeside Village in Flower Mound?
Lakeside Village is an established approximately 160-acre, $2.5 billion mixed-use lakefront development on Grapevine Lake, developed by Realty Capital Management, with shops, restaurants, office space, hotels, luxury apartments, townhomes, and single-family villas. It has been under construction since around 2018.
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Is Lakeside Village new construction?
It offers both. Currently selling are The Villas at Lakeside by Homebound, 44 luxury villa lots starting around $1.8 million, and leasing is Thirty-One Eleven Sunset, a 16-story, 207-unit apartment tower opened March 2025. Lakeside DFW East, 132 townhomes plus retail and hotel, was approved in October 2025.
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What school district serves Hickory Creek?
Hickory Creek is served by Lake Dallas ISD for K-12 students. Verify the specific address directly with the district because boundaries can change.
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What new construction is available in Hickory Creek?
New construction in Hickory Creek is currently limited. Steeplechase North and South, built out by Taylor Morrison, First Texas Homes, and Megatel Homes, are fully sold out, so most buyers look at resale homes in built-out communities or nearby Lake Lewisville options.
Lakeside Village: An Established Mixed-Use Lakefront Destination on Grapevine Lake
Lakeside Village in Flower Mound is not a newly proposed development. It is an established approximately 160-acre, $2.5 billion mixed-use lakefront community on the southern shore of Grapevine Lake, developed by Dallas-based Realty Capital Management. The development already contains shops, restaurants, office space, hotels, luxury apartments and townhomes, plus single-family villas.
Lakeside Village sits on Grapevine Lake, not Lewisville Lake. This distinction matters for buyers evaluating proximity to specific waterways, recreational activities, and commute patterns.
What Is Lakeside Village? (Flower Mound | Grapevine Lake)
Residential Options Currently Available and Coming at Lakeside Village
The Villas at Lakeside by Homebound (Currently Selling)
Homebound Technologies Inc., a San Francisco-based technology-driven homebuilder, debuted its model villa at 2901 Lakeside Village Blvd on February 21, 2026. The Villas at Lakeside offers Mediterranean-inspired luxury homes on 44 single-family lots within the Lakeside Village development. Available plans range from approximately 2,893 to 3,709 square feet with starting prices around $1.8 million.
Builder: Homebound Technologies Inc.
Pricing: Starting around $1.8 million (plan-dependant; the Iris plan listed at approximately $2.06 million)
Floor plans: 3-4 plans from approximately 2,893 to 3,709 square feet
Lots: 44 single-family lots within Lakeside Village
Features: Mediterranean-inspired architecture, lake-adjacent setting, HOA-managed maintenance
Lake access: Community is within Lakeside Village on Grapevine Lake; buyers should verify specific water access rights with the developer
About the $731 million figure: In March 2026, Homebound announced a land acquisition and planned development deal covering more than 1,065 residential lots across Dallas, Prosper, Flower Mound, and Mansfield, representing about $731 million in total land value. The Villas at Lakeside is the first project in that portfolio to open. This was not a single "land purchase" for Lakeside Village alone; the figure covers Homebound's multi-community Texas expansion.
Thirty-One Eleven Sunset (Completed, Leasing)
This 16-story, 207-unit luxury apartment tower at 3111 Sunset Blvd opened in March 2025 and is now leasing one-, two-, and three-bedroom units plus penthouses. Rents start around $4,000 per month. Amenities include a sixth-floor lakeview pool deck and spa, full-service bar, 14th-floor private dining room, concierge, and valet parking. This is the primary currently available residential product at Lakeside Village for buyers seeking rental lakefront living.
Lakeside DFW East (Approved, Coming Soon)
In October 2025, the Flower Mound Town Council unanimously approved Lakeside DFW East, a scaled-down approximately 21-acre expansion of Lakeside Village adding 132 townhomes, approximately 43,000 square feet of retail, a hotel, and open spaces. Construction is expected to begin in summer 2026 with completion targeted for summer 2027.
South Sunset (Coming Soon)
A waterfront dining and entertainment district planned for the north shore of Grapevine Lake, anchored by an underground parking garage on which Lakeside Village broke ground in February 2025. Future development adjacent to South Sunset includes a trio of residential, office, and hotel buildings plus the proposed 12-story, 181-room Hotel Miramar (Marriott).
Hickory Creek on Lewisville Lake: Established Lake Living with Shoreline Parks
While Flower Mound's Lakeside Village commands headlines, Hickory Creek to the north offers a quieter, more established lake-living setting on Lewisville Lake. The Town of Hickory Creek provides residents with direct lake access through several shoreline parks including Point Vista Park, Sycamore Bend Park, and Arrowhead Park, each offering boat ramps, playgrounds, and picnic areas.
School district: Hickory Creek is served by Lake Dallas ISD for K-12 students. Buyers should verify the specific address directly with the district because assignments can change.
Steeplechase North & South (Sold Out)
The Town of Hickory Creek identifies Steeplechase North and South among recent residential developments. This master-planned community occupies the site of a former equestrian ranch and was built out by Taylor Morrison, First Texas Homes, and Megatel Homes. All three builders have closed out their phases; Steeplechase is sold out of new homes. Homes currently available in Steeplechase are resale only.
What this means for buyers: Hickory Creek occupies a distinct position in the Denton County market. It offers a more established community than the western corridor, direct proximity to Lewisville Lake, and generally more affordable pricing than Flower Mound's lakefront offerings. The trade-off is that new construction inventory in Hickory Creek is currently limited to resale homes within communities like Steeplechase, while new development activity is concentrated at Lakeside Village on Grapevine Lake.
Grapevine Lake vs. Lewisville Lake: How the Two Lake Markets Differ
A clear understanding of the two lake markets helps buyers evaluate which area aligns with their priorities:
Flower Mound / Grapevine Lake
Lakeside Village is a dense, walkable mixed-use development with high-rise residential, dining, retail, and entertainment within the community. New construction options include luxury villas (The Villas at Lakeside, starting around $1.8M) and rental towers (Thirty-One Eleven Sunset). The lake is the centerpiece of the development. Grapevine Lake is approximately 20 minutes from DFW Airport. Buyers seeking a live-work-play environment with immediate access to restaurants and retail may prefer this setting.
Hickory Creek / Lewisville Lake
Hickory Creek offers a quieter, more traditional residential setting with established neighborhoods, mature trees, and shoreline parks providing boat ramps and picnic areas. New construction is limited (Steeplechase is sold out), but resale inventory is available. Lewisville Lake is larger than Grapevine Lake and offers extensive recreational opportunities. Buyers seeking a lake-adjacent lifestyle with a more suburban, established feel may prefer Hickory Creek.
What the Lake Corridor Offers Buyers
The Flower Mound and Hickory Creek lake areas offer features that distinguish them from the western Denton County master-planned communities:
- Lake access. Grapevine Lake and Lewisville Lake provide boating, fishing, kayaking, and paddleboarding within minutes of home, with year-round recreational use in North Texas.
- Mature tree canopy. Unlike newer western corridor communities where landscaping is still establishing, the lake areas have decades-old trees and established neighborhoods.
- DFW Airport proximity. Flower Mound and Hickory Creek are 20-30 minutes from DFW International Airport, significantly closer than Argyle or Northlake for frequent travelers.
- Lifestyle diversity. From lock-and-leave luxury villas to traditional family homes with large yards, the corridor supports a wider range of living styles than a single master-planned community.
How the Lake Areas Compare to Western Denton County Communities
The choice between the lake areas and the western Denton County communities depends on buyer priorities:
Choose the lake areas (Flower Mound, Hickory Creek) if:
Water access and outdoor lifestyle are priorities. You want proximity to DFW Airport. You prefer a more established community feel. You are comfortable with a narrower builder selection or a higher price point for lakefront lots. You value mature landscaping and a community that already feels lived-in.
Choose the western corridor (Pecan Square, Harvest, Landmark) if:
Builder variety and competitive pricing matter most. You want a master-planned community with on-site schools, resort-style amenities, and a broad selection of floor plans. You are comfortable being among the first residents in a developing community.
Hickory Creek Market Data: August 2026
Based on active NTREIS listings and recent sales data, here is a snapshot of the Hickory Creek market as of August 2026:
Market statistics are based on NTREIS data pulled August 21, 2026 and are subject to change.
What to Watch in Late 2026 and Beyond
Several developments are worth tracking for buyers considering the lake markets:
- Lakeside DFW East construction timeline. With council approval secured in October 2025 and construction expected to begin in summer 2026, the 132-townhome project will add new inventory to the Grapevine Lake market.
- Homebound's build-out of The Villas at Lakeside. With 44 lots and model homes open, this community is selling now. Pricing and availability are best verified directly with the builder.
- Resale market in Hickory Creek. As Steeplechase and other Hickory Creek communities are fully built out, resale inventory and pricing will reflect the area's established character and lake proximity rather than new development premiums.
The Bottom Line
The Denton County new construction conversation is broader than most buyers realize. While the western corridor communities offer extensive builder variety, master-planned amenities, and competitive pricing, the lake areas along Grapevine Lake and Lewisville Lake offer something different: water access, mature neighborhoods, airport proximity, and a lifestyle that is harder to replicate in a greenfield development.
For buyers weighing these options, the key is understanding what you are actually optimizing for. If lake living, established character, and daily convenience matter most, the Flower Mound and Hickory Creek areas deserve a serious look. If community amenities, school integration, and maximum builder selection drive your decision, the western corridor remains one of the most active new construction markets in Texas. Relocating households comparing the two sides of town can start with the Flower Mound relocation guide, which lines up neighborhoods, schools, lake access, taxes,and commutes. The new construction overview in the Flower Mound city guide brings both corridors together for buyers.
Individual resale performance depends on actual comparable sales, inventory levels, location, condition, water access, and specific property characteristics. New luxury inventory entering a market changes the competitive set, but it does not automatically raise or lower nearby property values. For Flower Mound owners facing that changing set, help selling your Flower Mound property starts with the strategy in the Flower Mound home-selling guide.
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
Last Reviewed: September 1, 2026. Development and market information is subject to change. Verify all details with current official sources, builders, and your agent.
