A new master-planned community is set to take shape in Pilot Point, a city located between Dallas and the Oklahoma border. Cameron Castaldo, a 25-year-old developer and founder of One Mark Advisors, has acquired 363 acres for $27 million to develop Maverick Farms. The project will feature about 1,348 homes along with trails, a lake-style water feature, and two amenity centers.
The land was purchased from Ari-Tex Electric on November 4. Castaldo began his career in real estate as a teenager, opting out of college to focus on residential and land sales before founding One Mark Advisors in 2023.
Development of Maverick Farms will proceed in four phases over the next ten years, with full completion expected by mid-2036. Construction started in November, and the first phase is scheduled to deliver 539 finished lots to homebuilders by the end of 2026. CastleRock Communities, Mattamy Homes, and David Weekley Homes are participating in the initial phase. Marketing for an additional builder is planned for next year.
Homes within Maverick Farms will be built on lots ranging from 40 to 60 feet wide with floor plans spanning approximately 1,600 to 4,000 square feet. Entry-level prices are projected at around $280,000—lower than Pilot Point’s average home value of about $338,000 according to Zillow—potentially attracting buyers who have been priced out of other nearby suburbs.
Total development costs are estimated between $90 million and $95 million. Castaldo estimates that upon completion the community could be valued at roughly $548 million. Trez Capital provided acquisition and development financing; KFM Engineering & Design serves as development consultant and engineer; Lenart Development is acting as general contractor.
Maverick Farms will also include a regional wastewater treatment plant intended to support future growth north of the site. This infrastructure addition may position the project as a catalyst for further development in the area.
Pilot Point has an estimated population of about 6,800 people and sits near rapidly expanding areas such as Celina—which ranks among the fastest-growing cities nationally—and Sherman to the north where significant investment is being made in semiconductor manufacturing facilities. Other developers like Green Brick Partners and Centurion American as well as retailers such as H-E-B have already invested nearby.
