DFW New Construction · Prosper TX New Construction · Cambridge Estates
First Texas Homes · Prosper, TX
Living in Cambridge Estates, Prosper TX: New Construction Homes, Schools and Things to Know
Cambridge Estates is a First Texas Homes community with oversized homesites, three water features and green spaces, less than a mile from Prosper High School. There is no MUD or PID.
See All Cambridge Estates Listings Call Carlee (214) 444-9427
Last updated: October 2026 · Up to 120 current Cambridge Estates listings are shown below this guide.
Cambridge Estates at a Glance
| Builder(s) | First Texas Homes |
| Builder pricing | From about $761,000 (November 2026) |
| Homes for sale now | 6 active listings from $898,950 to $1,009,950 (November 2026) |
| Homes | About 2,180 to 4,510 sq ft, 4 to 6 bedrooms |
| Homesites | Oversized homesites, many about 80 feet wide |
| HOA | About $900 per year |
| Schools | Prosper ISD — Boyer Elementary, Reynolds Middle School, Prosper High School |
| Location | Central Prosper, less than a mile from Prosper High School |
What Buyers Love About Cambridge Estates
- Three water features and green spaces
- Walking trails, greenbelt and pavilion
- No MUD or PID
- Up to six bedrooms
- Close to Prosper High School
Several current listings are finished inventory homes, which can be a good opportunity to ask about incentives. Builder prices, incentives and HOA dues change often. Carlee confirms school zoning, HOA and tax rates by address for her buyers before contract.
Schools Serving Cambridge Estates
Prosper ISD: About 32,200 students were enrolled in 2025-26. The district has 20 elementary schools, 7 middle schools, 4 high schools and an early childhood campus. Prosper ISD serves Prosper plus parts of Celina, Frisco, McKinney and Aubrey across Collin and Denton counties.
Boyer Elementary
Grades K-5 | Ralph and Mary Lynn Boyer Elementary, with a Celina address, opened in 2018. |
Reynolds Middle School
Grades 6-8 | Robert and Robbie Reynolds Middle School is in Prosper and opened in 2010. |
Prosper High School
Grades 9-12 | The district's original high school in Prosper, with roots in the Prosper School dating to 1902. |
School zoning and feeder patterns change as Prosper grows, so Carlee checks every address with the district before you buy.
Living Near Cambridge Estates: Shopping, Parks and Commute
- Where it is: Central Prosper, less than a mile from Prosper High School
- Groceries and shopping: Gates of Prosper and Preston Road shopping
- Parks and recreation: Three water features, greenbelt, trails and pavilion
- Downtown Dallas: about 45 min
- The Star in Frisco: about 20 min to Frisco's The Star
- Highway access: Short drive to US 380 and the Dallas North Tollway
Approximate off-peak drive times from Prosper: Downtown Dallas about 45 min via the Dallas North Tollway; DFW Airport about 35 min via SH 121; Frisco (The Star and PGA Frisco) about 20 min via the Dallas North Tollway; Legacy West in Plano about 25 min via the Dallas North Tollway; Downtown McKinney about 20 min via US 380; Downtown Fort Worth about 60 min via SH 114 and I-35W.
Cambridge Estates Questions Buyers Ask
Where is Cambridge Estates?
In central Prosper, less than a mile from Prosper High School.
What is the HOA?
About $900 per year, with no MUD or PID.
How much are homes in Cambridge Estates?
First Texas Homes pricing starts around $761,000, with current listings near $900,000 to $1 million (November 2026).
All New Construction Neighborhoods in Prosper, TX
Compare every new construction community Carlee tracks in Prosper, TX. See the full Prosper TX new construction guide »
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