Platinum Ranch Gunter: 4,224 Lots, Builders, PID Costs and Timeline
Updated October 27, 2026.
Platinum Ranch Gunter is Centurion American’s master-planned community on the west side of Gunter, planned for about 4,224 single-family homes, and as of late October 2026 it is still dirt work: streets, water and sewer are under construction, and no homes are for sale. Centurion says the first finished lots should go to builders in the second quarter of 2027. The number most buyers will care about is the yearly bill. For a $450,000 home on a 50-foot lot, the city’s July 2026 preliminary bond offering document estimates about $3,956 a year in public improvement district (PID) payments on top of regular property taxes of about $2.16 per $100 of value. That works out to roughly $13,700 a year before exemptions and HOA dues. Those figures are preliminary estimates and can change.
This guide covers what is built versus planned, who is building, what the PID really costs, schools, water, roads and the timeline, with a source for each number. For every other new-home neighborhood in town, see our Gunter TX new home communities guide.
Platinum Ranch at a glance
- Developer: affiliates of Centurion American Development Group, the Farmers Branch company that bought the Taylor Ranch land in 2022 and in 2012 acquired and expanded The Bridges at Preston Crossings in Gunter.
- Size: about 1,715 acres in the PID and about 4,224 planned single-family lots at build-out, per the preliminary bond offering document and FMSbonds. The zoning case and preliminary plat covered about 1,998 acres.
- Status (Oct 2026): infrastructure under construction since early 2026. No homes for sale.
- Builders: D.R. Horton, Lennar, First Texas Homes and Coventry Homes were named in January 2026 (Centurion American). The bond document also lists lot contracts with Siena Homes.
- Yearly PID estimate: about $3,956 (50-foot lot), $4,747 (60-foot) or $5,539 (70-foot), preliminary.
- Schools: Gunter ISD. Three school sites of about 20 acres are reserved, but none has been handed to the district yet.
- Water and sewer: Mustang Special Utility District, using new wells and a wastewater plant on site.
Where Platinum Ranch is
The bond document places the development north of Marilee Road, near Stiff Chapel Road and Old Scaggs School Road, about 1.5 miles west of State Highway 289 (Preston Road). The City of Gunter’s September 18, 2025 council minutes describe the zoning tract as the northeast corner of Grayson Parkway and Marilee Road, west of SH 289. Centurion’s June 2025 announcement says the land has frontage along the planned Grayson County Toll Road.
One detail worth knowing if you care about city versus county: when the council accepted the PID in September 2025, the resolution described it as partly inside Gunter city limits and partly in the city’s extraterritorial jurisdiction (ETJ). The July 2026 bond document describes the development as within the city’s corporate limits. If a specific lot matters to you, confirm its status with the city before you sign.
How big it is, and what is actually planned
Platinum Ranch is planned in seven sections, which the bond documents call improvement areas. The first, Improvement Area #1, covers about 242 acres and 962 lots: 681 at 50 feet wide, 162 at 60 feet and 119 at 70 feet. The rest of the land, about 1,463 acres, is expected to hold another 3,262 single-family lots. The developer’s schedule in the preliminary bond offering document runs the last section’s lot sales into late 2036, a build-out of about twelve years.
Beyond single-family homes, Centurion has described roughly 290 residential villas, 277 acres of mixed-use land with up to 3,000 apartments, and 223 acres of green space with a community park, trails, lakes and amenity centers (Centurion American). The development agreement requires three amenity centers. The first, with a pool, playground and sports court, is expected to be built between the third quarter of 2027 and the second quarter of 2028, according to the bond document. Apartments and commercial space are allowed in the plan, but no builder or timeline for them has been announced.
Who is building, and what homes may cost
In January 2026, Centurion confirmed D.R. Horton, Lennar, First Texas Homes and Coventry Homes as builders for the first 962 lots and said it was still looking at adding more (Centurion American). The bond document lists one more: Siena Homes, which it says is owned and controlled by Mehrdad Moayedi, Centurion’s principal. Across those five builders, the contracts cover 1,563 of the 4,224 planned lots, including every lot in the first section. In the first section’s contracts, Siena holds the largest share.
No builder has posted Platinum Ranch floor plans or prices yet. The only price figures available are the developer’s estimates in the bond document:
| Lot width | Lots in first section | Builder lot price (first takedown) | Developer’s estimated average base home price |
|---|---|---|---|
| 50 ft | 681 | $95,000 | $450,000 |
| 60 ft | 162 | $114,000 | $540,000 |
| 70 ft | 119 | $133,000 | $630,000 |
Treat those home prices as a planning assumption, not a quote. Builders set their own prices when sales open, and lot prices in the contracts rise with an annual escalator.
What a Platinum Ranch home costs per year
Platinum Ranch is financed partly with a public improvement district. The city borrows money by selling bonds, the developer uses it to build streets, water and sewer lines, and each lot repays its share through an annual PID installment that shows up alongside your property tax bill. In August 2026, FMSbonds announced it had priced about $61.7 million in bonds for the project: $50 million for the first section and $11.694 million for major shared improvements.
The preliminary bond offering document, using figures from consultant P3Works, estimates the average yearly installment in the first section at about $0.879 per $100 of a home’s projected value. Add the 2025 rates of the other taxing bodies and the total comes to about $3.04 per $100:
- City of Gunter: $0.5257
- Grayson County: $0.3051
- Grayson College: $0.1460
- Gunter ISD: $1.1872
- Total regular rate: about $2.1639 per $100
- Platinum Ranch PID (first section, estimate): about $0.879 per $100
Here is what that means in dollars, using the developer’s projected home values. The property tax column is simple math at the 2025 rate before any homestead exemption, so your real bill will depend on the appraised value and the exemptions you qualify for.
| Lot | Projected home value | Regular property tax (2025 rate) | Estimated yearly PID | Rough yearly total |
|---|---|---|---|---|
| 50 ft | $450,000 | about $9,738 | $3,956 | about $13,694 |
| 60 ft | $540,000 | about $11,685 | $4,747 | about $16,433 |
| 70 ft | $630,000 | about $13,633 | $5,539 | about $19,171 |
A few things that table does not show:
- It lasts decades. The sample schedule for a 50-foot lot spreads a $47,984.64 assessment over yearly installments through 2056. At the 6.5% interest rate the document uses for illustration, the payments add up to about $115,000 over the life of the assessment. The schedule notes that an owner may prepay.
- It is a fixed dollar amount. The installment is set per lot type in the assessment plan, so it does not shrink with a homestead exemption the way the tax-rate portion can.
- There is a cap. The development agreement says the combined rate, including the PID, cannot exceed $3.09 per $100 at the time of assessment, based on the estimated average home value.
- HOA dues come on top. The developer expects every lot owner to pay an HOA fee. The amount has not been published.
- A MUD sits on part of the land. Some of the property is inside Platinum Ranch MUD 1A, which voters authorized in 2019 to issue bonds but which has never issued debt or levied a tax. The developer expects to remove that land from the MUD, though the bond document says there is no guaranteed timeline.
For comparison, the preliminary estimate for Centurion’s neighboring Taylor Ranch is about $3,793 a year on a 50-foot lot with a $475,000 projected home. Our Taylor Ranch guide breaks that one down the same way. Texas law requires sellers to give buyers a written notice about PID assessments, so ask for it early and read the assessment amount for your specific lot.
Timeline: what has happened and what comes next
- June 2025: Centurion closes on a key piece of the land and announces Platinum Ranch (Dallas Morning News; Business Wire). The announcement targeted excavation in late 2025.
- September 18, 2025: the Gunter City Council votes 4-1 to accept the Platinum Ranch PID and sets a hearing on a tax increment zone. The zoning hearing is tabled to October 2, 2025 (council minutes).
- January 29, 2026: Centurion names four builders and says lot deliveries should come in the second quarter of 2027 (Centurion American).
- February 12, 2026: a preliminary plat covering about 1,998 acres goes before the Planning and Zoning Commission (P&Z Radar).
- First quarter 2026: infrastructure construction begins, per the bond document. As of mid-May 2026, the developer had spent about $860,000 on first-section improvements out of an expected $38.1 million.
- August 2026: about $61.7 million in PID bonds priced (FMSbonds).
- Second quarter 2027 (expected): first-section streets and utilities finished and the first lots delivered to builders. The appraisal values the first-section lots as of June 1, 2027.
- Second quarter 2028 (expected): first amenity center finished.
- Late 2029 (expected): last lot sales in the first section. Later sections follow through about 2036.
When could the first families move in?
Builders can’t start houses until they own finished lots, so the earliest move-ins would come after the mid-2027 lot deliveries, plus however long each builder takes to build. Neither Centurion nor the builders have published a move-in date. Dates in bond documents are developer expectations, and the documents themselves warn that delays in construction, financing or the housing market could push them back.
Schools: Gunter ISD and the school-site question
Platinum Ranch is in Gunter ISD. The bond document says the district enrolls more than 1,150 students in one elementary, one middle and one high school, and that students from the development would attend Gunter Elementary (about 4.5 miles away) and Gunter Middle and High School (about 5.5 miles away).
Centurion’s 2025 announcement promised homes “served by onsite campuses” in Gunter ISD. The more precise version is in the development agreement: the developer will reserve three school sites of about 20 acres each for possible dedication to the district, two in later sections and one in the first. The bond document says none of those dedications has been made, and if the district decides it doesn’t want a site, the developer can build homes on it instead. No new campus inside Platinum Ranch has been funded or scheduled.
The bigger question is the new high school. In July 2026, Superintendent Dr. Brandon Enos told KTEN the district had dropped its JC Maples Road site and that “a lion’s share” of growth will be “to the west of 289 and south of [FM] 121.” Platinum Ranch is one of the largest projects on the west side of 289. Our Gunter ISD new high school guide covers where that decision stands.
Water and sewer
Mustang Special Utility District is expected to provide water and sewer, not the city. Under a service agreement that also covers Taylor Ranch and nearby tracts, Mustang SUD agreed to serve about 5,160 homes, about 3,000 apartments, three school tracts and other uses. Water will come from new on-site wells and wastewater will go to an on-site treatment plant that the developers must help build.
Two caveats from the bond document are worth reading before you buy:
- Water depends on wells. Mustang SUD’s ability to serve is contingent on getting groundwater permits and confirming how much the wells actually produce. Preliminary testing indicates the first wells should cover the first section here and the first phase of Taylor Ranch. Later sections may need more wells.
- There is a lawsuit over the city’s water system. A Gunter taxpayer sued the city and Mustang SUD in 2026 (Eugenia Anderson v. City of Gunter and Mustang Special Utility District, Grayson County), arguing the city needed voter approval to sell its water and sewer system to Mustang SUD. The case is on hold while an appeal plays out. The bond document says the plaintiff has not asked the court to stop water or sewer service, and the city says it could serve the district if it had to take the system back.
Roads and commute
Today, the land is reached by rural roads. The appraisal photos show gravel roads and open pasture, and Grayson Parkway is a two-lane road. The development agreement requires the developer to build two lanes of Marilee Road from the Dallas North Tollway alignment to the property’s eastern edge by the time the 1,381st lot or the Phase 2 plat is recorded, whichever is later, and to upgrade two lanes of Old Scaggs Road as nearby phases are built.
The bond document puts Platinum Ranch about 24 miles north of Frisco, 51 miles north of Dallas, 48 miles from DFW Airport and 19 miles south of Sherman. Gunter itself is reached by SH 289 and FM 121. The planned toll road along the west side would change that math, but neither the developer nor the bond document gives an opening date, so don’t buy based on it. For the wider picture of what is being built around town, see our Gunter TX growth tracker and the Gunter development tracker.
What the city agreed to
Residents who don’t plan to live in Platinum Ranch still have a stake in it, because the city made several commitments in the development agreement, as summarized in the bond document:
- The city may issue up to an estimated $400 million in PID bonds over the life of the project, repaid by Platinum Ranch lot owners, not by the city’s general taxpayers.
- The city waived impact fees, pro rata roadway fees and other capital recovery fees for the property. Future roadway impact fees could apply if the developer doesn’t finish the required off-site road work.
- The city created a tax increment reinvestment zone (TIRZ) over the property. It will send 33.7% of its new property tax revenue from the zone to the developer as an economic development grant, for up to 40 years or until the total reaches $157 million, whichever comes first.
- The developer will dedicate a site of at least three acres for police, fire and EMS use.
That means Gunter will collect less city tax revenue from this growth than the raw home values suggest, during the same years the town will need more police, fire, road and park services. That doesn’t make the deal good or bad, but it is worth knowing when the council talks about budgets.
What to check before you buy at Platinum Ranch
- Ask for the PID notice and the assessment amount for your exact lot, not the average.
- Ask the builder for the HOA dues and any amenity or transfer fees.
- Look up the current tax rates on the Grayson Central Appraisal District site. Rates change every year.
- Ask whether your lot is still inside Platinum Ranch MUD 1A, and whether that land has been removed.
- Confirm city limits and school assignment for your address with the City of Gunter and Gunter ISD.
- Ask the builder for a realistic completion date in writing, since the first lots aren’t expected until mid-2027.
Platinum Ranch Gunter FAQ
Can I buy a home in Platinum Ranch now?
Not yet. As of October 2026, the land is under construction for streets and utilities, and no builder has opened sales. Centurion expects the first lots to reach builders in the second quarter of 2027.
How much is the Platinum Ranch PID?
The preliminary estimate for the first section is about $3,956 a year on a 50-foot lot, $4,747 on a 60-foot lot and $5,539 on a 70-foot lot, paid on top of regular property taxes. Final amounts are set in the city’s assessment plan for each lot.
Is Platinum Ranch the same as Taylor Ranch?
No. Both are Centurion projects in Gunter and share a water and sewer agreement, but Taylor Ranch is a separate, smaller community of about 649 planned lots northeast of Platinum Ranch, with its own PID. See our Taylor Ranch guide.
Platinum Ranch is one piece of a much bigger change along the Grayson County Line. Our Gunter TX new home communities guide compares it with every neighborhood selling or planned in town.
