Flower Mound has long been a well-established Denton County address, known for its established neighborhoods and easy access to both Highway 114 and I-35W. But for buyers looking for new construction on or near Grapevine Lake, the options have historically been limited. That is changing. Lakeside DFW, the roughly 160-acre urban-style mixed-use development on the shores of Grapevine Lake, is now entering its final phase — Lakeside Village — with luxury villas, lakefront dining, shops, offices, and the recently approved $160 million Lakeside East expansion.
As the Real Estate Broker of Covenant Heritage Realty, I track new developments across Denton County closely. The Grapevine Lake corridor has been underserved by new construction for years, primarily because developable waterfront land is scarce. The approvals and investments taking shape here represent a meaningful shift for buyers who want new construction with lake access. Here is a strategic look at what is happening, what is confirmed, and how to evaluate it.
Quick Answers
Short, direct answers to the questions buyers ask most about Lakeside Village and Lakeside DFW, based on the verified details in this article. Pricing, builders, school assignments, and construction timelines change, so confirm current specifics.
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Where is Lakeside Village located in Flower Mound?
Lakeside Village sits along the Grapevine Lake shoreline in Flower Mound, along FM 2499 near International Parkway, offering lake views, lake access, and proximity to Flower Mound's established retail and dining.
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What is the price range at The Villas at Lakeside?
Published reports list the Van Trease villas in this phase starting around $2 million and ranging up to $3 million, with the builder's own materials listing prices starting at $2 million (Van Trease Designs, accessed October 5, 2026). Published reports also list Homebound's homes at The Villas at Lakeside starting around $1.6 million (Community Impact, March 6, 2026, accessed October 5, 2026). Verify current pricing, lot availability, and builder offerings directly with the builder or developer.
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Which school district serves the Lakeside Village area?
The Lakeside Village area of Flower Mound is primarily served by Lewisville ISD. Verify the specific assignment for your property directly with Lewisville ISD, as attendance boundaries vary and may change.
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When will Lakeside East be completed?
The Flower Mound Town Council approved Lakeside DFW East in October 2025 with construction initially announced for summer 2026 and completion targeted for 2027. As of fall 2026, no public report confirms construction has begun, so verify the current status directly with the Town of Flower Mound or the developer. The approved plan includes up to 132 townhomes, retail and office space, and a full-service hotel.
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Is Lakeside new construction a good investment in Flower Mound?
No real estate purchase guarantees appreciation or investment performance. Evaluate each property on its specific merits, its view and access, and your own financial readiness rather than assuming any particular outcome.
Lakeside DFW and Lakeside Village: Understanding the Development
Lakeside DFW is a roughly 160-acre urban-style, mixed-use development on the shores of Grapevine Lake, master-planned with residential choices, restaurants, shops, cafes, offices, and a boardwalk. The development has been under construction for several years and includes a range of completed and underway elements.
Lakeside Village is the final phase of this broader Lakeside mixed-use project. It comprises lakefront restaurants, hotels, shops, Class AA offices, a private social club (Eden Roc), trails, an amphitheater, custom Mediterranean Villa homes, and high-rise residential options including the existing Lakeside Tower condominium. This is not a greenfield subdivision — it is the capstone of an established lakefront destination.
Villas by Van Trease: Luxury Mediterranean Villas in Lakeside Village
The custom Mediterranean Villa homes in Lakeside Village are being built by Van Trease Construction (Van Trease Architectural Designs), a third-generation family construction firm. The builder was selected as the exclusive builder for 58 zero-lot-line luxury villas plus townhomes in the community, ranging from approximately 2,700 to 3,800 square feet, with Mediterranean and Santa Barbara-style architecture. Construction broke ground in September 2023 and first-phase villas were completed in 2024, with the full build-out continuing (Van Trease Designs, "Luxury Villas & Townhomes in Lakeside Village", accessed October 5, 2026; Community Impact, "Villas by Van Trease, Realty Capital breaks ground on $2M homes in Flower Mound", September 7, 2023, accessed October 5, 2026). Homes in this phase have been priced starting around $2 million and ranging up to $3 million, per published reports.
These villas are positioned within the final luxury phase of Lakeside Village. Buyers evaluating this segment should confirm specific pricing, lot availability, and customization options directly with Van Trease.
Homebound Acquires Lots at The Villas at Lakeside
In March 2026, San Francisco-based homebuilder Homebound Technologies acquired 44 lots at The Villas at Lakeside, a community within Lakeside Village, as part of a transaction valued at about $731 million covering more than 1,065 residential lots across Dallas, Prosper, Flower Mound, and Mansfield. The Villas at Lakeside is Homebound's first Texas community, with published pricing starting around $1.6 million (Community Impact, "Homebound pays $731M for North Texas home lots, including within Flower Mound's The Villas at Lakeside", March 6, 2026, accessed October 5, 2026; Cross Timbers Gazette, "Lakeside Village lots included in $731M land purchase by California-based homebuilder", March 6, 2026, accessed October 5, 2026).
Homebound is known for a technology-enabled building process that emphasizes transparency, fixed pricing, and streamlined construction timelines. For buyers, this means a different building experience from the traditional production builder model. Fixed-price contracts with fewer change-order surprises and a digital platform for tracking the build process are hallmarks of their approach.
The lot acquisition closed in March 2026, so sales and construction activity under Homebound at this community are recent. Buyers should verify current builder offerings, pricing, and availability directly with Homebound.
Lakeside DFW East: A $160 Million Approved Expansion
In October 2025, the Flower Mound Town Council unanimously approved Lakeside DFW East, a roughly 21-acre expansion of the broader Lakeside mixed-use project. Developed by Realty Capital Management, the approved plan includes up to 132 townhome units plus approximately 43,000 square feet of retail, office space, a full-service hotel, and open-space plazas and a public nature trail, representing an estimated $160 million investment (Community Impact, "Flower Mound council approves 132-townhome Lakeside East proposal, project economic incentives", October 7, 2025, accessed October 5, 2026; Cross Timbers Gazette, "Lakeside East gets green light from Flower Mound Town Council", October 6, 2025, accessed October 5, 2026). The council also approved economic development incentives worth an estimated $5.07 million over seven years for the commercial and hotel sites.
The summer 2026 construction start was part of the October 2025 approval announcement: construction was initially planned to begin in summer 2026 with completion targeted for 2027. As of fall 2026, no public report confirms that construction on Lakeside East has actually begun, so verify the current status directly with the Town of Flower Mound or the developer before relying on any completion date. For buyers considering the Lakeside area, the timing of this commercial development matters: if you purchase before construction is complete, you may be living in the community while nearby retail and amenities are still being built.
Fortezza: New Mixed-Use Building Under Construction
A notable addition to the Lakeside Village skyline is Fortezza, a new two-story mixed-use building at 2900 Lakeside Village Boulevard. Texas TDLR records for project TABS2026010738 (registered January 2026, accessed October 5, 2026) list an approximately 12,944-square-foot building with an estimated construction value of about $2.8 million, a start date of March 1, 2026, and an estimated completion in March 2027. SVYER Capital is the owner-developer, Van Trease Construction is the general contractor, and the building is expected to serve as headquarters for SVI/SVYER Capital. The groundbreaking was announced in March 2026 (Cross Timbers Gazette, "Office and mixed-use building breaks ground in Flower Mound", March 19, 2026, accessed October 5, 2026). The project is currently under construction, not yet completed.
Why This Corridor Matters for Buyers
The Grapevine Lake corridor in Flower Mound occupies a unique position in Denton County's new construction market. It combines the lifestyle appeal of lake living with the practical advantages of a well-established suburban community: mature infrastructure, access to amenities, and proximity to the DFW metroplex.
What has been missing, until now, is meaningful new construction inventory. Most homes along the lake corridor are older resale properties. For buyers who want the efficiency, modern floor plans, and energy performance of a new home combined with lake access, the options have been scarce. Lakeside Village changes that equation for a specific segment of buyers. For owners of those established lake-corridor homes, the Flower Mound home-selling guide covers how pricing and positioning shift when new waterfront inventory enters the same buyer pool.
Lake Views, Public Recreation Access, and Private Water Rights
Three separate things are easy to confuse when a listing mentions a "lake view" or "lake access," and each one is property-specific at Lakeside Village and around Grapevine Lake.
Lake views
A lake view means you can see the water from the property. Views at Lakeside Village vary by lot orientation, elevation, and landscaping, and a view is not a legal right you own: trees, future construction, and grading can change what you see. Ask which specific lots have water views, and confirm what the sightline actually includes before paying for it.
Public recreation access
Grapevine Lake is a U.S. Army Corps of Engineers reservoir, and public access to the water runs through Corps-operated parks, boat ramps, and trails. Living near the lake does not guarantee that your neighborhood has its own launch point or shoreline park. Verify which parks, ramps, and trails are actually open to the public near the property you are considering.
Private property rights on the water
Owning a home near the lake does not mean you own the shoreline or the water itself. Along Corps-managed reservoirs, docks, bulkheads, and other shoreline improvements are generally subject to Corps permits and easement terms, and some lots in this area carry no private water rights at all. Ask the seller or builder for the recorded documents that define what the lot actually includes before assuming any private lake access.
In short: confirm the view, confirm the public access, and confirm the private rights, each separately, for the exact lot you are considering.
Real Estate Broker Perspective
I am Theresa De La Rosa, Real Estate Broker with Covenant Heritage Realty, LLC. I monitor new developments across Flower Mound, Northlake, Argyle, and the broader Denton County market. What I can tell you about the Flower Mound Grapevine Lake corridor is this: waterfront and lake-adjacent new construction is a distinct segment in North Texas real estate, and the combination of new construction with lake access is uncommon here. No purchase guarantees appreciation or investment performance, so I evaluate each property on its own merits: its view, its access, and its recorded rights, rather than on any assumed outcome. What is factual is that Lakeside Village is the final phase of its development, and the new-construction lots in this lakefront location are finite.
Flower Mound Schools and Community Context
The Lakeside Village area of Flower Mound is served by Lewisville Independent School District. Families evaluating Lakeside Village should verify the specific school assignments for their exact property address directly with Lewisville ISD, as attendance boundaries can change and may vary within a single development.
Beyond schools, Flower Mound offers an established retail and dining infrastructure that many newer communities in Denton County are still building. The area has grocery anchors, restaurants, medical facilities, and parks that are mature and established. This is a meaningful advantage for buyers who want new construction without waiting years for the surrounding commercial ecosystem to catch up. For relocating households comparing the lake corridor with the rest of the town, the Flower Mound relocation guide compares neighborhoods, schools, housing styles, and commute routes side by side. Buyers can also start with the Flower Mound new-construction section of the city guide to compare the lake corridor against the rest of the town's builders.
Cost Considerations: Taxes, Insurance, and HOA
Lake-adjacent properties in Flower Mound should be evaluated on their own cost profile, which varies by specific property, flood zone designation, taxing jurisdiction, and insurance provider. Flower Mound's municipal tax rate, combined with Lewisville ISD taxes and county taxes, contributes to the overall property tax burden for any home in this area. Buyers should obtain exact tax estimates for a specific property rather than assuming a general rate.
Whether a lake-adjacent property requires flood insurance depends on its location within a flood zone, not on proximity to the lake alone. The cost of homeowners insurance, flood insurance (if applicable), and HOA dues varies by development and insurer. Buyers should verify these costs for their specific property with their insurance agent, lender, and the applicable HOA or property management.
My advice: Before making an offer on any lake-adjacent new construction, work through the complete monthly cost picture with your lender and insurance agent. The purchase price is only one part of the equation, and knowing your full carrying cost prevents unpleasant surprises after closing.
How to Approach This Market Strategically
The Lakeside Village development is an exciting option, but it requires a strategic approach. Here is how I help clients evaluate whether it is the right fit.
1. Define your lake access priority
Not every home in Lakeside Village or The Villas at Lakeside will have direct waterfront access. Some offer lake views from elevated lots. Others offer community access points or neighborhood trails. Understanding which tier of access matters to your lifestyle will narrow your search and help you avoid paying a premium for a feature you will not use regularly.
2. Evaluate the builder and the specific product
Van Trease Construction builds custom Mediterranean villas in the final luxury phase. Homebound has acquired lots and brings a technology-driven building model that is new to the Flower Mound market. I recommend speaking with recent buyers of each builder and, if possible, touring completed homes before committing.
3. Consider timing and construction context
Lakeside Village is already established with completed restaurants, retail, and residential towers. However, the Lakeside East expansion and new villa construction mean that parts of the community will remain under active construction. If you prefer a fully finished environment with no construction activity, existing resale properties along the lake corridor may be a better fit.
4. Budget for total cost of ownership
Build a complete monthly cost model — including mortgage principal and interest, property taxes, homeowners insurance, potential flood insurance, HOA dues, and maintenance — before you start touring homes so you know what you can afford at each price point.
5. Work with someone who knows this market
The Grapevine Lake corridor is a niche within a niche. Understanding which lots offer genuine lakefront access versus lake views, which school zones serve each section, and how the cost picture affects different properties requires local expertise. I work in this market and can help you evaluate your options with clarity.
The Bottom Line
The new construction activity along Flower Mound's Grapevine Lake corridor is a meaningful opportunity for buyers who want lake-area living with modern homes. Lakeside Village — the final phase of the larger Lakeside DFW development — offers luxury Mediterranean villas by Van Trease Construction and Homebound, lakefront dining and retail already in place, the approved $160 million Lakeside East expansion, and the Fortezza mixed-use building now under construction. Together these represent the most significant wave of lake-adjacent new construction in Flower Mound in years.
For the right buyer, this corridor offers a combination that is genuinely uncommon in Denton County: new construction homes in a mature, established lakefront setting. The key is approaching the opportunity with a clear understanding of what you are buying, what trade-offs come with new construction in an active development, and what the full cost of ownership looks like for your specific property.
I would be glad to help you evaluate the current options along the Flower Mound Grapevine Lake corridor and find the right property for your family.
Frequently Asked Questions
Where is Lakeside Village located in Flower Mound?
Lakeside Village is located along the Grapevine Lake shoreline in Flower Mound, Texas, along FM 2499 near International Parkway. The exact location can be verified through the Town of Flower Mound planning department or through a local real estate professional familiar with the development. The community offers lake views, lake access, and proximity to Flower Mound's established retail and dining infrastructure.
What is the price range at The Villas at Lakeside?
Published reports list the Van Trease villas in this phase starting around $2 million and ranging up to $3 million, with the builder's own materials listing prices starting at $2 million (Van Trease Designs, accessed October 5, 2026). Published reports also list Homebound's homes at The Villas at Lakeside starting around $1.6 million (Community Impact, March 6, 2026, accessed October 5, 2026). Buyers should verify current pricing, lot availability, and builder offerings directly through the applicable builder or developer.
Which school district serves the Lakeside Village area?
The Lakeside Village area of Flower Mound is primarily served by Lewisville Independent School District. Specific school assignments for individual properties should be verified directly with Lewisville ISD, as attendance boundaries can vary and may change.
When will Lakeside East be completed?
Lakeside DFW East, the approximately 21-acre expansion approved by the Flower Mound Town Council in October 2025, was announced with construction planned for summer 2026 and completion targeted for 2027. As of fall 2026, no public report confirms construction has begun. The approved plan includes up to 132 townhomes, retail and office space, and a full-service hotel. Verify the current status directly with the Town of Flower Mound or the developer.
Is lakeside new construction a good investment in Flower Mound?
No real estate purchase guarantees appreciation or investment performance. Buyers should evaluate each property on its specific merits, its view and access, and their own financial readiness rather than assuming any particular outcome.
Do I need my own agent for new construction at Lakeside Village?
Yes. The builder's sales representative works for the builder, not for you. Having your own buyer's agent means someone is helping you understand transaction procedures, builder timelines, business terms and practical considerations within a brokerage role, including incentive evaluation and construction milestone inspections. Builder contracts are legally binding, and clients should consult a qualified real estate attorney when they need legal interpretation or advice. Builder policies on buyer-agent representation and compensation vary. Buyers should discuss representation and compensation with their REALTOR® before visiting or registering with a builder, as builder registration policies can affect your ability to have an agent represent you. Contact me before your first visit to the sales center so we can make sure you are properly represented from the start.
Ask About Lakeside Village
Get current availability and pricing for new construction along the Flower Mound lake corridor.
Explore Flower MoundPrefer to talk it through? Call (940) 240-3800.
Theresa De La Rosa
Broker, REALTOR®
Covenant Heritage Realty, LLC | In DFW Living Group
Disclaimer
Development plans, builder participation, home prices, lot availability, incentives, financing offers, school assignments, tax rates, HOA dues, special-district assessments, amenities, and construction timelines for Lakeside DFW, Lakeside Village, The Villas at Lakeside, Lakeside East, and Fortezza are subject to change. Information in this article is based on publicly available reports and sources believed reliable as of October 2026, with source links and access dates in the text, but should be independently verified before making a purchase decision. Builders may require use of a preferred lender for certain incentives. Property values, future appreciation, and investment performance are not guaranteed. Buyers should verify current information directly with the applicable builder, developer, school district, taxing authority, and insurance provider.
Theresa is the founder and Broker of Covenant Heritage Realty, LLC. She holds the Accredited Buyer's Representative (ABR) designation, is a Certified Luxury Marketing Specialist, an A.I. Certified Broker and New Construction Specialist, and an AI Listing Advantage holder, and has been recognized as a RateMyAgent Price Expert and a Million Dollar Club producer. She serves sellers, buyers, and military and veteran clients throughout North Texas and the Dallas-Fort Worth metroplex. With 18+ years of experience and deep expertise in Denton County communities including Flower Mound, Northlake, and Argyle, she provides strategic, data-driven real estate guidance.
Compare this community with other Flower Mound-area new-construction options in the Flower Mound new-construction guide.