By Nick Wooten — July 29, 2025
The firm behind a 3,100-acre development on the shores of Lake Texoma has tapped one of the region’s largest developers to create a new residential community with thousands of homes.
Farmers Branch-based Centurion American Development Group announced Tuesday that it acquired 550 acres within the Preston Harbor development from Waterfall Partners, headed by David Craig, CEO of Craig International.
Centurion American has plans for nearly 1,300 homes within the development. Roughly 338 acres are planned for 1,184 residential lots, ranging from 50 to 60 feet. An additional 211 acres will feature 115 estate lots, each measuring approximately a half-acre to 7 acres. Many lots offer lake and greenbelt views.
Centurion American expects to break ground on the Grayson County project in the third quarter of 2025. Lots are estimated to be turned over to builders before the end of 2026. Builder and home price information will be released at a later date.
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