Is Town Lake at Flower Mound's final phase worth buying into?

Toll Brothers opened the last phase of Town Lake at Flower Mound in spring 2026, on the corner of Flower Mound Road and Walsingham Drive. Homes start in the $1.4 millions on lots running from a half-acre up to 1.1 acres, zoned to Lewisville ISD. It's a strong option for move-up buyers who want new construction on a large lot without leaving established Flower Mound, but this is genuinely the last section. Once it sells out, there's no next phase.

By Brian White | July 14, 2026

For most of the last five years, "new construction in Flower Mound" has meant one of a handful of names: Furst Ranch, Lakeside, Whyburn. Town Lake gets talked about less, mostly because it's been building in phases since 2020 and doesn't have the same marketing push as the newer master-planned communities. That's about to change.

Toll Brothers just opened Town Lake's final phase, and the way they're framing it (final phase, last chance, no more sections coming) is not just sales copy. This is the last available land in a community that's been selling steadily for years. If you've been circling new construction in Flower Mound and haven't looked at Town Lake specifically, here's what you need to know before you decide.

What's actually being offered in this final phase

Town Lake sits on Flower Mound Road at Walsingham Drive, close to Lake Grapevine, on land that was originally part of the historic Whyburn Farms tract (the same 1888 farmland that gave the newer Whyburn community its name). The final-phase homes:

• Start in the $1.4 millions, with some listings for the newest releases starting closer to $1.7 million
• Sit on lots ranging from a half-acre to just over an acre, on 100-foot homesites
• Range from 3,782 to more than 6,000 square feet
• Come in 4 to 5 bedrooms, 4.5 to 6.5 bathrooms, and 3 to 4-car garages
• Offer Classic, Hill Country, Farmhouse, Modern Farmhouse, and Transitional architectural styles

That lot size is the real story here. Half-acre to 1.1-acre homesites are hard to find anywhere in Flower Mound right now, new construction or resale. Most of the newer communities in town are building on tighter lots to fit more homes on the land. Town Lake's final phase is doing the opposite: fewer homes, bigger lots, more room between neighbors.

The community is selling out of the nearby Oakbridge Crossing sales office at 1209 Valkyrie Sky Road while the on-site model home finishes construction, so don't be surprised if your first visit starts there instead of on Flower Mound Road itself.

How it stacks up against Flower Mound's other new-construction options

If you're already comparing new construction against resale in Flower Mound, Town Lake adds a third lane worth understanding alongside the community names you've probably already heard:

Whyburn (David Weekley) runs smaller, 80-foot and 100-foot homesites starting around $939,990 for the Manor Series. It's the more accessible new-construction entry point, but you're trading lot size for a lower price and a more traditional subdivision feel.

Furst Ranch is the much bigger bet: a 2,000-plus acre master-planned community still building out its first phases, with amenities (a 97-acre central park, resort-style pools) that won't be fully in place for years. It's the right call if you want to grow into a community as it matures. It's the wrong call if you want to move in and be done.

Town Lake, by contrast, is a known quantity. It's been selling since 2020, the neighborhood is largely built out, and what you're buying into this final phase is the last chapter of a community that already exists, not a bet on one that's still being built around you.

None of that makes Town Lake automatically the right answer. If you want walkability to a future retail district or you're comfortable buying ahead of amenities, Furst Ranch or Lakeside might fit better. But if what you actually want is a large lot, a finished neighborhood, and Lewisville ISD zoning without waiting years for a community to fill in, Town Lake's final phase is worth a serious look before it's gone.

What to verify before you write an offer

A few things worth confirming early, not after you've fallen in love with a lot:

HOA dues and what they cover. Town Lake's HOA structure hasn't been fully published in the same detail as some of the newer communities. Get the actual number in writing from the builder before you build it into your budget, and once you're under contract on a resale within the community, request the HOA resale certificate so you know exactly what you're inheriting.

School zoning specifics. Town Lake is zoned to Liberty Elementary, McKamy Middle, and Flower Mound High School, all Lewisville ISD. Confirm this holds for the exact lot you're considering, since boundary lines can shift by street even within one community.

Where you are in "final phase." Final phase doesn't mean one week of inventory left. It could mean a handful of lots or it could mean the builder is releasing sections over several months. Ask directly how many lots remain and what the release cadence looks like so you're not making a decision under artificial pressure.

How this compares to what you're selling. If you're moving up from a home elsewhere in Flower Mound, Southlake, or Argyle, the math on a new-construction purchase only works if you know what your current home will actually net you. That's not always the same number the automated valuation tools show you, which is exactly why running your specific numbers before you fall in love with a lot matters.

Your specific timeline and numbers depend on your current home's equity, your target close date, and how many lots are actually left when you're ready to move. That's where a local market analysis and a synchronized sell-and-buy plan come in, not a generic new-construction checklist.

Frequently Asked Questions

How much do homes cost at Town Lake at Flower Mound's final phase?

Homes in the final phase start in the $1.4 millions, with some of the newest releases listed starting closer to $1.7 million depending on lot size and floor plan. Final pricing depends on the specific homesite and options selected, so confirm current numbers directly with the builder before budgeting.

Is Town Lake at Flower Mound the same land as Whyburn?

Town Lake sits on part of the same historic Whyburn Farms tract that the newer Whyburn community takes its name from, but they are two separate communities built by two different builders. Whyburn is David Weekley Homes; Town Lake is Toll Brothers.

What school district is Town Lake zoned for?

Town Lake is zoned to Lewisville ISD, specifically Liberty Elementary School, McKamy Middle School, and Flower Mound High School. Always confirm zoning for your specific lot, since it can vary by street even within one community.

What happens once this final phase sells out?

Toll Brothers has stated this is the last phase of Town Lake at Flower Mound. Once these lots are gone, there is no announced next section, which means any future opportunity to buy new construction on this stretch of Flower Mound Road would depend on a resale rather than a new build.

How does Town Lake compare to Furst Ranch or Lakeside on price?

Town Lake's final phase starts lower than Villas at Lakeside's lakefront pricing (roughly $1.8 million and up) but is generally priced above Whyburn's entry-level Manor Series homes. Furst Ranch spans a wider range depending on product type, from villas to larger custom estates.

If a large-lot, new-construction home in an established part of Flower Mound is what you've been waiting for, this is worth moving on before the decision gets made for you. Schedule a free Move-Up Strategy Call and let's look at what your current home would net, what your timeline actually allows, and whether Town Lake's final phase (or one of Flower Mound's other new-construction options) is the right fit.

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.