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The Reserve at Watters, Allen TX

Allen, Texas

The Reserve at Watters, Allen

A 124 homesite Southgate Homes community at Watters Drive and Stacy Road, with new luxury homes still selling in 2026.

By Albert Angarita, REALTOR®Updated October 2026Sources listed below
Ask Albert about The Reserve at Watters →The Allen guide
Licensed REALTOR®Texas #0773351, Amazing Brokerage
10+ yearsConstruction and remodeling
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Overview

Inside The Reserve at Watters

The Reserve at Watters is a new-construction community by Southgate Homes, a Green Brick Partners company, with 124 homesites near Watters Drive and Stacy Road in Allen. Sales opened in late 2023, and in October 2026 builder plans ran from about 2,900 to 4,500 square feet with three-car garages, a pool, an event lawn, a pavilion and trails. It fits buyers who want a brand new home in an established part of Allen, close to Watters Creek and Allen High School, without moving out to the newer suburbs.

The lesson here is how to compare a new build with resale. In October 2026 the base plans started around $954,000 while finished homes with upgrades were listed at $1,197,579 to $1,338,916, so the real number is the finished price, not the base price. I walk buyers through what is included, what upgrades usually add and how nearby resales compare, and for owners who bought here early, I price against the builder's current inventory, because that is your direct competition.

Around town

Around The Reserve at Watters

Allen Heritage Center depot in Allen, Texas
Allen Heritage Center

Photos via Wikimedia Commons. Allen Heritage Center: Jphill19, CC BY-SA 4.0

At a glance

The facts

Southgate Homes[1]
Builder
subsidiary of Green Brick Partners
124[1]
Homesites
sales opened Dec 2023
$954,000 to $1,338,916[2]
Price range
builder plans and available homes, Oct 2026
2,928 to 4,470 sq ft[2]
Home sizes
Oct 2026
Allen ISD[3]
School district
Aug 2026 listing cites Cheatham Elementary, Curtis Middle, Allen High; confirm by address
$1,260+ a year[2]
HOA
per Jome community page, Oct 2026, verify
Builders
Southgate Homes
Amenities

Community pool, Event lawn and pavilion, Playground and picnic area, Fire pit, Walking, jogging and bike trails along a creek

Location

The Reserve at Watters is near Watters Drive and Stacy Road in north Allen (ZIP 75013), with the community address listed at 988 Pepperwort Drive, close to Watters Creek and Allen High School.

Taxes, MUD and PID

A builder marketplace page lists a total tax rate of 1.79%+ and no special district fee (Oct 2026), which lines up with the City of Allen, Collin County, Collin College and Allen ISD rates for tax year 2025 (about 1.77%). New homes are taxed on the improved value after completion, so I estimate the full tax bill on the finished price, not the lot value.

On the map

Where The Reserve at Watters sits

Drive times, schools and shopping around it. Ask me for a tour of the area.

Open in Google Maps →

Albert Angarita, REALTOR
Reviews

See what clients say.

Read reviews from buyers, sellers and renters on Google, then ask me anything. I answer the same day, in English or Spanish.

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FAQ

About The Reserve at Watters

How much are new homes in The Reserve at Watters?
In October 2026 Southgate Homes plans started around $954,000, and available finished homes were listed from about $1.2 million to $1.34 million. Ask what is included in the base price so you compare like for like.
What school district is The Reserve at Watters in?
It is in Allen ISD. An August 2026 listing cited Cheatham Elementary, Curtis Middle School and Allen High School, while another source listed Ford Middle School, so confirm current zoning with the district by address.
What is the HOA in The Reserve at Watters?
A community page listed HOA dues of $1,260 or more per year, managed by Paragon Property Management Group, including grounds maintenance (Oct 2026). Confirm the current amount in the HOA documents before closing.
How do I sell my home in The Reserve at Watters while the builder is still selling?
Your home competes with brand new inventory down the street, so pricing and presentation matter. I compare your finishes and lot with the builder's current homes, and I show buyers what they save in time and upgrades by choosing yours.
Talk to Albert

Looking in The Reserve at Watters?

I track new listings, resale history and builder incentives here. Tell me what you need and I'll send what fits.

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Need an answer now? Text what you are looking for.Text 469-827-7672
Also in Allen
SaddleridgeLost Creek RanchTwin CreeksStarcreekWatters CrossingWaterford ParksThe AvenueCumberland CrossingCuster Ridge EstatesThe FarmMontgomery FarmChelsea CommonsSuncreekWatters Creek DistrictAll neighborhoods
Sources
  1. Multi-Housing News: Southgate Homes debuts 2 DFW communities (Dec 2023)
  2. Jome: The Reserve at Watters by Southgate Homes, Allen TX
  3. Century 21 Judge Fite listing: 2122 Wakefield Lane, Reserve at Watters (Aug 2026)
  4. NewHomeSource: new home communities in 75013
  5. Collin Central Appraisal District entity rates, 2025 (Texas Open Data Portal)

HOA dues, MUD and PID assessments and school zoning change by section. Albert verifies them for every address.