Editor's Note: This article was updated from its original version to correct the city in which Caballo Ranch is located. It is in Cedar Park, not Leander.

This month's featured neighborhood, Caballo Ranch, is in Cedar Park though it carries a Leander zip code. It is located just north of the intersection of Ronald Reagan and Whitestone boulevards. Caballo Ranch features large trees, two creeks and wide green spaces. Residents have close access to Parmer Lane and Cedar Park Regional Medical Center as well as the 1890 Ranch and Cedar Park Town Center shopping plazas. In 2008 builders broke ground on Caballo Ranch as part of Cedar Park and residents pay taxes to the city of Cedar Park.

Build-out year: Not built out

Builders include: Buffington Homes, Giddens Homes, Jimmy Jacobs Homes, M/I Homes, Scott Felder Homes, Treaty Oaks Homes

Square footage: 2,030–4,150

Home values: $273,000–$475,000

HOA dues (estimated): $400 annually

Amenities: Community park, outdoor swimming pool with covered pavilion and bathhouse, playscape, cycling or jogging path

Schools: Parkside Elementary School, Stiles Middle School, Rouse High School

Property taxes (in dollars):

City of Cedar Park 0.492500

Williamson County 0.446529

Austin Community College 0.094900

Williamson County FM/RD 0.040000

Leander ISD 1.511870

Upper Brushy Creek WC&ID 0.020000

Total (per $100 value) 2.605799