Waterford Parks is an upscale neighborhood and
development located in the Dallas-Fort Worth Metroplex in Allen, Texas, 25 miles north of Dallas. Currently, there are approximately 300 lots, with
continuous new home construction.  At completion, the community will boast 550 lots. The neighborhood is located between Highway 121 and Highway 75 on Stacy Road with main entry to the community on Platt Park Drive and secondary access from both Ridgeview Drive and Bray Central Drive. Homes are on average 3,000-4,000 square feet.  Community amenities include a junior Olympic-size pool, cabanas, childrens water park, picnic areas, greenbelts, playgrounds and access to a newly added City of Allen hike and bike trail.

Waterford Parks is a new home master-planned community in
Allen with the amenities of a larger master-planned setting but built on a
smaller scale to retain a sense of intimacy.   Homeowners can be a part of something bigger here at Waterford Parks, yet feel like a neighbor, not a number. You’ll find it all right here a select number of oversized home sites, a wooded trail and two amenity centers nestled in a sequestered Allen corridor. Two of Allen’s top home builders K. Hovnanian Homes and Grand Homes have contributed an impressive selection of award-winning new home designs priced from the $300s.

Neighborhood Growth Statistics available from the Collin County Central Appraisal District. First home became occupied in February 2002. Between 4 and 5 people on average move in each month.  Current phases I, II, III, and IV total around 350 lots annexed into the HOA.  (source: Wikipedia)

Community site - http://www.waterfordliving.com/

HOA - http://waterfordparks.com/

Schools
Allen ISD - http://www.allenisd.org/allenisd/site/default.asp

New on-site elementary under construction

As a parent, you want to teach your children well. At Waterford Parks, we
provide a great environment where kids can live and learn. Located in the
highly-rated and well-regarded Allen Independent School District,
Waterford Parks affords your children a top-quality education through a full curriculum, high-caliber educators and consistently top-ranked initiatives and test scores.

Children of Waterford attend Boon Elementary School, Ereckson Middle School, the new Lowery Freshman Center and Allen High School. Both Boon Elementary and Ereckson Middle School have been rated "Exemplary" by the Texas Education Agency. The new Beverly Cheatham Elementary School located in Waterford Parks is under construction and is scheduled to open in August 2010. All campuses are just a short drive away..

Amenities

Residents will also appreciate the numerous golf courses,
city parks and the future Arts of Collin County complex, which will offer a
world-class arts and education environment. The initial phase includes a
2,100-seat hall, arts classroom/rehearsal space, water features, outdoor
gathering space, hike-and-bike trails and parking framed among the trees.

City-Sponsored Youth & Adult Sports
Public Swimming Pool

Fitness Facilities (5)

Tennis Courts (11)

City, community and neighborhood parks (24+)

City Recreation Center

Allen Ballet

Allen Philharmonic Symphony

Connemara Nature Preserve

Seasonal music and cultural events

90,000-square-foot ice rink
http://allenacademyofskating.com

Allen Natatorium, a fully enclosed swimming facility for the
entire family
http://www.cityofallen.org

Spray Park

(source: Community site)