Spiritas Ranch, Little Elm

Spiritas Ranch is a new-home master plan in Little Elm by Centurion American, built on former cattle ranch land along US 380 north of Lewisville Lake. The developer lists it at 545 acres with just over 2,100 single-family homes on 40, 50 and 60 foot lots, and builders including First Texas Homes, Lennar, Mattamy, Pulte, Risland, D.R. Horton and Pacesetter. It fits buyers who want a newer home with Denton ISD schools at an entry to mid price point, and sellers here are often competing directly with builder inventory down the street.

The lesson here is the PID. The Town of Little Elm reported about $50.3 million in outstanding Spiritas Ranch public improvement district bonds in its 2023 to 2024 report, which means most lots carry an annual assessment on top of regular property taxes. When I compare a Spiritas Ranch home with a resale elsewhere, I add the PID payment to the monthly cost, and when I help a seller price here, I show buyers that the assessment is the same one they would pay on a new build, so the comparison is fair.