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Community Overview Mustang Lakes offers a country club lifestyle with award-winning amenities. Located in Celina and just a short drive to Dallas Parkway, everything is accessible from this great location. Built on a real Texas ranch, Mustang Lakes offers a serene setting surrounded by rolling terrain, fountains, and lakes. The award-winning Club at Mustang Lakes is more than an amenity center - it's like a country club in your own backyard, featuring resort-style swimming pools, a state-of-the-art fitness center, competition tennis courts, and surrounded by a sprawling, 20-acre park with a private lake and island.