Prosper, Texas
Falls of Prosper
A two-phase Prosper neighborhood with 2022-built homes on lots up to about half an acre and a community lake with a fountain.
Inside Falls of Prosper
Falls of Prosper is a two-phase neighborhood in the Collin County part of Prosper. Homes in 2026 listings were built in 2022 on lots of about 0.31 to 0.45 acres, around a community lake and pond with a fountain, and listings named Lilyana Elementary, Reynolds Middle and Prosper High School in Prosper ISD. It fits buyers who want a nearly new home on a larger lot, with 2026 listings from $850,000 to $1,150,000.
The lesson here is the lot. Two 2022 homes listed in 2026 on the same street differed by about 1,400 sq ft and $300,000, and the larger one sat on close to half an acre with a lake view and a circular drive. In a neighborhood this new, buyers are paying mostly for size, lot and view, so I compare price per square foot and lot size together, and I help sellers show the outdoor space as clearly as the interior.
Community lake and pond with fountain, Fishing, Sidewalks
Falls of Prosper is in Collin County, Prosper (ZIP 75078), with Lassen Drive among its streets, per 2026 listings.
A 2026 listing stated no MUD or PID tax, and for tax year 2025 a Prosper home in Collin County and Prosper ISD carried a combined rate of about 1.95% before exemptions. I confirm the taxing entities on the appraisal record for each address.
Where Falls of Prosper sits
Drive times, schools and shopping around it. Ask me for a tour of the area.
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About Falls of Prosper
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- Town of Prosper: Roads and Subdivisions map index (Oct 2025)
- Listing: 2131 Lassen Drive, Falls of Prosper Ph 2 (2026)
- Century 21 Judge Fite listing: 2130 Lassen Drive, Falls of Prosper Ph 2 (June 2026)
- Republic Title: 2025 DFW Area Tax Rates and exemptions
- Community Impact: Prosper ISD sets middle school attendance zones for 2026-27
HOA dues, MUD and PID assessments and school zoning change by section. Albert verifies them for every address.