How Do Preston Lakes and Lakes of Preston Vineyards Compare in Frisco, Texas?

How do Preston Lakes and Lakes of Preston Vineyards compare in Frisco, Texas? They share a word and a part of town, and almost nothing else. Preston Lakes sits in the Hillcrest Road area of Frisco and also goes by the name Lakes of Hillcrest. Lakes of Preston Vineyards sits in ZIP code 75035 in Collin County and Frisco ISD, and it is made up of three separate associations.

Omega Mejia is a real estate agent in Frisco, Texas helping buyers and sellers make the right move, and buyers send me this pair of names more than almost any other because the names sound like one place. This post separates them, so you know which one you are looking at before you fall for a listing.

If you want the full picture of either one, my posts on Preston Lakes in Frisco and Lakes of Preston Vineyards in Frisco go deeper, and my Frisco page covers the whole city.

Preston Lakes is a neighborhood in the Hillcrest Road area of Frisco, close to Main Street. It has a homeowners association, and the City of Frisco also knows the neighborhood as Lakes of Hillcrest. That second name is the one that causes most of the mix-ups, because it puts the word Lakes next to a Hillcrest street name, and Frisco has several neighborhoods named Hillcrest.

The nearest anchor you can name is Preston Ridge Park, a 6.6-acre City park at 10501 Red Cedar Drive, between Main Street and Hillcrest Road. The park opened in 1997 and was rebuilt with new features in 2017. It has baseball and softball fields, fitness equipment, a pavilion, a playground and a walking trail.

Historic downtown Frisco, with its boutiques and restaurants along Main Street, sits in the same part of the city. So does the Frisco Heritage Center at 6455 Page Street, a free museum campus with a steam locomotive, a depot, a caboose and two restored historic homes. It is open Tuesday through Saturday and closed Sunday and Monday as of October 2026.

Lakes of Preston Vineyards is a neighborhood in ZIP code 75035 in Collin County and Frisco ISD. It is three associations under one name: Lakes of Preston Vineyards, Lakes of Preston Vineyards Villages and Lakes of Preston Vineyards Villas. Street names such as Handover Drive and Napa Valley Drive belong here.

That three-association setup matters when you shop. A home on one street can sit in a different association than a home two streets over, even though both listings say Lakes of Preston Vineyards. Each association keeps its own documents, announcements and member directory, and the Village V association runs its own website for them.

The neighborhood's streets run in the east-central part of Frisco, a short drive from the Preston Road corridor, and five City parks sit within about a mile and a half of the center of the neighborhood.

Lakes of Preston Vineyards has the longer list. These distances are straight-line miles from the center of the neighborhood:

Vivian Stark McCallum Park is 0.54 miles away at 9700 Snowberry Drive. It covers 4.3 acres and has a pavilion, a playground, picnic tables, practice fields, a walking trail and a public art piece called The Sky's the Limit. Preston Ridge Park is 1.08 miles away and has baseball and softball fields, fitness equipment, a pavilion, a playground and a walking trail. Shepherds Glen Park is 1.14 miles away at 12012 Shepherds Hill Drive. It covers 14 acres and has a splash pad, a pavilion, a playground, a practice field, public art and a walking trail. Cannaday Recreation Area is 1.46 miles away at 9800 Sean Drive, with a tennis court, fitness equipment, a playground, practice fields and a bike trail. Frisco Commons Park is 1.51 miles away at 8000 McKinney Road. It covers 63 acres and has a fishing pond, an amphitheater, a splash pad, two playgrounds, pavilions, restrooms and trails.

Preston Lakes shares Preston Ridge Park with its neighbor, and the park is the closest named City park to the Hillcrest Road and Main Street area. For the rest of the park list, Frisco's more than 60 parks and 47 miles of hike and bike trails give you plenty of options in either direction.

All five of those parks open 30 minutes before sunrise and close 30 minutes after sunset.

The College Parkway Trail is a 1.2-mile path that starts at the trailhead at 12012 Shepherds Hill Drive and follows an easement from College Parkway north past Rolater Road. It passes Collin College Preston Ridge, the Shawnee Trail Sports Complex and Shepherds Glen Park before it reaches Main Street. That puts a long walk or bike ride within reach of Lakes of Preston Vineyards, and it ends in the same part of the city where Preston Lakes sits.

The Caddo Trail runs 1.1 miles along Stewart Creek south of Stonebrook Parkway to J.C. Grant Park.

For indoor fitness, the Frisco Athletic Center sits at the southeast corner of Preston Road and Wade Boulevard. It is a City recreation center with more than 100,000 square feet of indoor space and a 350,000-gallon aquatic area.

The first difference is structure. Preston Lakes is a single neighborhood with one association. Lakes of Preston Vineyards is three associations under a shared name, so the rules and the paperwork depend on the street.

The second difference is location. Preston Lakes sits in the Hillcrest Road area near Main Street and historic downtown. Lakes of Preston Vineyards sits in 75035, east of the Preston Road corridor, with Collin County and Frisco ISD tied to its address.

The third difference is the park list. Lakes of Preston Vineyards has five City parks within about 1.5 miles, including two with splash pads. Preston Lakes has Preston Ridge Park in its part of Frisco, plus downtown and the Heritage Center.

The fourth difference is what each name tells a listing search. A search for Preston Lakes can pull up Lakes of Hillcrest homes, and a search for Lakes of Preston Vineyards can pull up Villages and Villas homes. Reading the subdivision line on each listing keeps the two apart.

What they share matters too. Both sit in Frisco, both have homeowners associations, and both sit close to Preston Ridge Park.

A name does not set a price. Two homes with the same neighborhood name can differ by square footage, age, lot and finish, so the comparison that counts is home to home.

The name also does not tell you which association a home belongs to. In Lakes of Preston Vineyards, the answer changes from street to street, and it changes what you pay each period and what the rules allow.

The name does not tell you how close a park is, either. Straight-line distance and the walk to a park often differ, because a street can run the long way around.

I help buyers read those differences home by home. I tell you what I'm seeing, and what I recommend, before you write an offer.

A short list beats a long one. These five choices separate the two for most buyers:

• Pick your park. A splash pad within a mile favors Lakes of Preston Vineyards. A playground and ball fields near Main Street favor Preston Lakes.
• Decide how much downtown you want. Main Street, the Heritage Center and the shops sit on the Preston Lakes side.
• Read the subdivision line. The listing tells you whether a Lakes of Preston Vineyards home sits in the main association, the Villages or the Villas.
• Walk both neighborhoods at the hour you would leave for work. Traffic on Preston Road and Main Street feels different at 8 AM than at noon.
• Anchor your price to recent sales. I pull sales from the same street, not a citywide average.

My buying a home page shows how I work with buyers, and my process page shows each step from tour to keys. The things to do in Frisco page lists events near both.

A seller in a neighborhood with a shared name faces one extra step. Buyers search both names, so your listing needs the right subdivision line and the right association named from the first photo. A buyer who finds your home under the wrong name leaves.

The pricing step comes next. I pull recent sales from your own association first, because homes in different associations can sell for different amounts even when they share a name. My free home value page starts that process, and my selling your home page walks through the rest.

I'm Omega Mejia with Simply Great Real Estate Group at OnDemand Realty. I sell homes in Frisco, Texas and the surrounding Collin County areas in North Texas, and I serve the Florida Panhandle.

I hold a Master's degree and bring 30+ years in education, fitness coaching, and sales. Education taught me to explain the why, coaching taught me to keep people moving toward a goal, and sales taught me to negotiate.

I'm certified in AI marketing, a Realtor® with designations in SRES®, ABR, GRI, RENE, a Certified Community Market Leader, and a Certified Commercial Specialist. Licensed in Texas and Florida.

If you are weighing Preston Lakes against Lakes of Preston Vineyards, send me a message and tell me what you need from your next home. If you own in either one and want to know what your home would sell for, start with my free home value page, or tell me about your plans.

Source: City of Frisco parks, trails, facilities and HOA directory; U.S. Census Bureau geocoder. This article describes my general approach and is not legal, tax or lending advice.