A new residential development is planned for Pilot Point, a city located between Dallas and the Oklahoma border. Cameron Castaldo, 25, founder of One Mark Advisors, has acquired 363 acres for $27 million to develop Maverick Farms. The project will include about 1,348 homes, along with trails, a lake-style water feature, and two amenity centers.
Castaldo began his real estate career as a teenager and started One Mark Advisors in 2023. The development will proceed in four phases over the next decade, aiming for full completion by mid-2036. Construction began in November, with plans to deliver the first 539 finished lots to homebuilders by the end of 2026. CastleRock Communities, Mattamy Homes, and David Weekley Homes are participating in the first phase. Marketing efforts are ongoing to add another builder next year.
The homes will be built on lots ranging from 40 to 60 feet wide and offer floor plans between approximately 1,600 and 4,000 square feet. Entry-level prices are expected at around $280,000—below Pilot Point’s average home value of roughly $338,000 as reported by Zillow—making them more accessible for buyers priced out of other suburbs.
Total development costs are estimated between $90 million and $95 million. Castaldo values the completed community at about $548 million. Financing for acquisition and development was provided by Trez Capital. KFM Engineering & Design is acting as consultant and engineer; Lenart Development is serving as general contractor.
In addition to residential units and amenities, Maverick Farms will feature a regional wastewater treatment plant intended to support future growth north of the site.
Pilot Point has about 6,800 residents and is near rapidly expanding areas such as Celina—which has been recognized among the fastest-growing cities—and Sherman, which is experiencing significant semiconductor manufacturing investment. Other developers like Green Brick Partners and Centurion American have active projects nearby.
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