Painted Tree spans over 1,100 acres north of US 380 near Lake Forest Drive and will include 3,400 homes ranging from single-family detached, townhomes and semi-custom homes, according to a news release.
“This is the largest first phase delivery of lots in the Dallas-Fort Worth area,” Tom Woliver, co-president and founder of Oxland Group, said in the release. “This delivery will help provide a solution when demand is outpacing supply at record levels in North Texas. It will also serve as a valuable stepping stone for further development north.”
Amenities at Painted Tree will include 25 miles of looped paths and trails, a 20-acre lake, 11.5-acre signature trailhead and a community gathering space called “The Outpost,” pools, parks, adventure playgrounds, pump track, and more, the release stated.
“We’re excited to offer customers a premium lifestyle experience at Painted Tree, which will be one of our flagship communities in North Texas,” Sean Ricks, division president at Tri Pointe Homes, one of the largest homebuilders in the U.S., said in the release.
“Well-designed master-planned communities that offer a wide range of housing product and top-notch amenities have historically been the top performing new home areas,” Ted Wilson, principal at Residential Strategies, Inc., added in the release. “Buyers should be encouraged by the forthcoming offerings at Painted Tree. We anticipate the community to be one of the top performing [master-planned communities] in the DFW area, and one that will see long-term growth in housing values.”
Painted Tree is projected to open in McKinney in 2022.