The master-planned community of Mustang Lakes is set among rolling hills, calm lakes and countless parks to help you reconnect you to nature, yet with a resort-quality lifestyle that provides plenty of excitement.. Make new family memories at one of the many pools, or chat with your neighbors at the fishing pier. Explore peaceful parks and open green spaces, and then partner up for a friendly tennis match at the amenity center. The community is part of the Prosper ISD, which is recognized as one of the top school districts in Texas.