If you've driven past the sales office at 2901 Lakeside Village Blvd. lately, you've probably noticed the buzz. Homebound, a California-based builder, just closed on a $731 million North Texas land deal that includes lots inside Lakeside Village, and the sales office for The Villas at Lakeside is open and taking appointments. It's the first new community in Flower Mound with true direct access to Lake Grapevine, and for move-up families who've been circling this town for years, that's a real draw.
It's also a $1.8 million to $2 million decision, and I want to walk you through what I'd tell any client asking me about it right now.
The three floor plans, and what they actually cost per square foot
Here's what's currently listed:
- The Daphne — starting at $1,799,000, 4 bedrooms, 3.5 baths, 2,893 to 2,961 square feet (about $607 to $622 per square foot)
- The Iris — starting at $1,964,000, 4 bedrooms, 4.5 baths, 3,417 to 3,642 square feet (about $539 to $575 per square foot)
- The Sienna — starting at $2,049,000, 4 bedrooms, 4.5 baths, 3,709 to 3,734 square feet (about $549 to $552 per square foot)
Those numbers matter because they're your baseline for comparison. If you're already in a Flower Mound home and thinking about your next move, you likely know your current neighborhood's price-per-square-foot better than you think. Established communities like Bridlewood, Wellington, and Canyon Falls typically stretch your dollar further on raw square footage, lot size, and mature landscaping than brand-new construction does. That's not a knock on Lakeside. It's just the trade you're making, and it's the same trade I walk through with every client considering new construction versus resale in Flower Mound (see: bluefuserealty.com/blog/new-construction-vs-resale-homes-in-flower-mound-which-is-the-better-buy).
What you're paying for at Lakeside isn't just square footage. It's the lake, the Mediterranean-style finishes, the walkability to Lakeside Village's restaurants and shops as they come online, and the fact that nobody has lived in the house before you.
The part almost nobody asks about until it's too late: the HOA
This is where I slow clients down.
Lakeside DFW runs on a two-layer HOA structure. There's a master HOA that covers the shared Lake Grapevine amenities, common areas, pools, and tennis facilities across the whole development. Then there are section-specific HOAs layered on top, tied to your particular part of the community and product type.
For context, luxury condo towers elsewhere in the Lakeside development have carried dues anywhere from around $750 a month up to $2,000, and in some cases $3,700 or more, depending on the unit and the services included. The Villas at Lakeside is a different product (single-family villas, not a condo tower), and I haven't found published dues specific to this section as of this writing. That's not a red flag. It's just a gap you need to close before you write an option-period check.
Here's what I tell clients to do before they get emotionally attached to a floor plan:
- Request the complete HOA financial disclosure for both layers — master and section — during your option period, not after.
- Ask what the master HOA dues fund specifically, and whether lake access, pool maintenance, or trail upkeep carry separate fees.
- Compare the total monthly carrying cost (mortgage plus both HOA layers plus property taxes) against a resale alternative at a similar price point.
- Ask about the community's reserve fund. A well-funded reserve reduces your risk of a special assessment down the road.
A $2,000 monthly HOA payment on top of a $2 million mortgage is a meaningfully different financial picture than a $200 one. Both numbers are plausible here depending on which section and product you're looking at, and that's exactly why this isn't a decision to make off a builder's glossy brochure alone.
The bigger picture: Lakeside Village is still being built
The Villas at Lakeside sits inside a much larger project. In March 2026, the Flower Mound Town Council approved the first phase of Lakeside Village, a planned 1,000-home community, with 300 single-family homes moving forward in this initial phase. The broader vision includes restaurants, shops, a boardwalk, and additional residential product as it's built out over the coming years.
That's worth knowing for two reasons. First, if you buy now, you're buying into a neighborhood that's still under construction around you, which means road noise, active job sites, and shifting amenities for a while. Second, if the walkable retail and restaurant piece matters to you, that part of the vision isn't finished yet either. It's coming, but "coming" and "here" are different things when you're the one living next to it.
None of this means don't buy at Lakeside. It means go in with your eyes open about what's built today versus what's promised for tomorrow.
Who this actually makes sense for
In my experience, Lakeside tends to make the most sense for move-up families who:
- Genuinely want lake access and are willing to pay a premium for it that resale can't offer anywhere else in Flower Mound
- Would rather move once into a new-construction home with no near-term maintenance list than take on a resale project
- Have already run their numbers and know a $2,000 to $2,500 monthly payment increase (mortgage plus HOA) fits comfortably in their budget without stretching
- Aren't in a hurry to close, since new construction timelines run longer than resale
If any of that doesn't sound like you, that's useful information too. I've walked plenty of families through whether new construction is the smarter move for their specific situation (see: bluefuserealty.com/blog/is-new-construction-a-smart-move-for-flower-mound-move-up-buyers), and the answer is genuinely different for every family. Some end up at Lakeside. Others end up in Whyburn's David Weekley communities (see: bluefuserealty.com/blog/whyburn-estates-flower-mound-new-luxury-homes-by-david-weekley-in-prime-location) or in an established neighborhood that already has the mature trees and finished landscaping Lakeside won't have for another decade.
Your specific number, both the true monthly carrying cost and what your current home would net you toward the down payment, depends on details a builder's sales office isn't going to run for you. That's where a synchronized sell-and-buy analysis comes in.
Frequently Asked Questions
Does The Villas at Lakeside have direct Lake Grapevine access?
Yes. It's currently the only new-construction community in Flower Mound with direct access to Lake Grapevine, which is a meaningful part of what you're paying for at this price point.
How much are HOA dues at The Villas at Lakeside?
Lakeside DFW uses a two-layer HOA structure (a master HOA plus section-specific dues), and published dues for other product types in the development have ranged from roughly $750 to $3,700 or more per month. Dues specific to the Villas section haven't been published as of this writing, so request the full financial disclosure during your option period.
Is it better to buy new construction at Lakeside or a resale home elsewhere in Flower Mound?
It depends on what you value most. Resale homes in established neighborhoods typically offer more square footage and lot size per dollar, while Lakeside offers lake access and a home no one has lived in before. Running your specific numbers side by side is the only way to know which one actually fits your family and your budget.
Is Lakeside Village finished?
No. The Town Council approved the first phase (1,000 homes total, 300 single-family homes in phase one) in March 2026, and the broader mixed-use vision, including restaurants and shops, is still being built out in phases.
What should I ask before making an offer at Lakeside?
Request the complete two-layer HOA financial disclosure, ask about the reserve fund, and compare your total monthly carrying cost (mortgage, taxes, and both HOA layers) against at least one resale alternative before you commit.
If you're weighing a move like this, whether it's Lakeside, Furst Ranch, or a resale home in one of Flower Mound's established neighborhoods, schedule a free Move-Up Strategy Call: https://calendar.app.google/97azYbhaxPMgw2qq7. Thirty minutes, no pitch, just a clear-headed look at where you are and what your best next move actually looks like, numbers included.
About Brian White
Brian White helps families in Northwest DFW make their move-up cleanly, selling and buying in one synchronized step. He built BlueFuse Group on a simple standard: other-first service, proactive at every turn, faith and excellence in equal measure. Brian has been married to Tisha for 27 years and is dad to three adult sons. When he's not protecting a family's equity or untangling a tight closing timeline, you'll find him chasing a round of golf or at Valley Creek Church.
Schedule a Move-Up Strategy Call — no pitch, just a clear-headed look at your next move: https://calendar.app.google/97azYbhaxPMgw2qq7
