Park Place, Prosper

Park Place is a gated community in Prosper developed by Shaddock Development at the southeast corner of Prosper Trail and Teel Parkway, with 80-foot homesites. Shaddock announced the completion of Phase 2 in July 2025, with Shaddock Homes and Grand Homes building, a playground with a gazebo, a pickleball court, open park space and a planned amenity center with a pool and pond. The town's future 51-acre Windsong Community Park is across the street, which suits buyers who want a newer gated setting in Prosper ISD.

The lesson here is that new-build list prices move. Two completed Grand Homes houses in Park Place were listed in April 2026 at about $1.31 million and $1.37 million and had been reduced to about $1.18 million and $1.20 million by October 2026. If you are buying, a finished spec home that has sat for months is often where the real negotiation is; if you are selling a resale here, your price has to make sense next to what the builders are accepting.