Celina is officially America’s fastest-growing city. The U.S. Census Bureau ranked it No. 1 in the nation for 2025 after it added 12,710 residents in a single year to reach 64,427, nearly four times its 2020 population. Local projections call for about 125,000 residents by 2030 and roughly 378,000 at full buildout. Every one of those people needs a place to live, and this 15.71-acre tract puts you directly in their path. At $8,656,210, a 29-unit-per-acre multifamily concept yields about 456 doors at roughly $19,000 per door. That land basis has all but disappeared along the Dallas North Tollway corridor, and it lets a developer win the deal before the first slab is poured. The fundamentals line up. The tract sits inside Celina city limits within Planned Development District 121, which carries Mixed-Use (MU) base zoning across the 97-acre Preston 450 Addition along future Legacy Drive. Co-op electric and co-op water serve the property, and carrying costs stay low while you work through site planning and approvals. The highway is coming to you. The Dallas North Tollway is being extended north from US 380 to FM 428 in Celina, with the main lanes scheduled to open in late 2027. That puts a straight shot to Frisco, Plano and Downtown Dallas minutes from this site, just off Preston Road. Families are pouring into fast-growing Celina ISD, and the rooftops are spreading north every month. Ground with these fundamentals doesn’t come back to market. It gets entitled, permitted and built. If you’ve been waiting for your way into the hottest growth market in the country, this is the door. Buyer to verify zoning, density and utilities.
Development restrictions: subject to development restrictions
Exterior features
Approximately 15.71 acres of unimproved land
Lot designated as acreage
Easements for drainage, utilities and other purposes
Located in Celina extra-territorial jurisdiction (ETJ)
Directions: From the Dallas North Tollway take the US-380 exit, right on US-380, left on Preston Rd and continue ~9 miles into Celina. After Celina High School, turn left onto Carthage Road at the 7-Eleven; property will be on the right
Subdivision: Preston 450 Add
Home design
Property type is land (unimproved)
Located inside city limits
Construction
Zoning: Agricultural (AG) / Celina ETJ
Utilities
Co-op electric available
Co-op water available
Not in a municipal utility district
HOA & community
No homeowners association
Financial info
Listed with an exclusive right to sell agreement
Listing status: Active
Other
Parcel number R124200000501
Tax legal description: PRESTON 450 ADDITION (GCN), LOT 5
Taxes noted (unexempt): listed
Will not subdivide
Electricity and solar
View estimated energy costs and solar savings for this home
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
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Style
Vacant Land
County
Collin County
APN
R124200000501
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Last updated by owner on Sep 11, 2026.
PD
Planned Development District
The planned development district is established to permit flexibility and encourage a more creative, efficient, and aesthetically desirable design and placement of buildings, open spaces, and circulation patterns by allowing a mixture or combination of uses, and utilizing special site features such as topography, size, and shape. A planned development district may be used to permit new or innovative concepts in land utilization not permitted by a single zoning district within this zoning ordinance. While greater flexibility is given to allow special conditions or restrictions that would not otherwise allow certain development to occur, the requirements established herein ensure against misuse of increased flexibility.
Permitted uses
Include but are not limited to:
Greenhouse / nursery
Bank
General retail
Restaurant
Hospital / medical center
Hotel / motel
Office
Public service
Amusement facility
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
4/10 Fire Factor
3% chance of being in a wildfire in next 30 years
7/10 Heat Factor
7 days above 109° expected this year, 23 days in 30 years
6/10 Wind Factor
27% chance of strong winds in next 30 years
3/10 Air Factor
3 unhealthy days expected this year, 4 days in 30 years
Provided by First Street
Historical weather
Celina, TX • 75009
Average low and high temperatures (°F)
53
32
64
40
75
52
77
59
83
64
90
74
95
77
93
74
89
68
84
61
71
50
61
42
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
100/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 1% for direct sun exposure in Celina. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.8 hrs
6.8 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for Lot 5 Carthage Rd
$6,344,613
$2.3M under list price of $8.66M
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $460K to $940K.