Walton Global Announces Phase 2 Land Sale at Lake Ridge Parkway in Ellis County

Meritage Homes to develop additional 35 acres supporting continued residential expansion in Dallas-Fort Worth 

Walton Global, a leading global real estate asset management and land investment company, has announced the Phase 2 sale of 35 acres comprising 198 lots at Lake Ridge Parkway in Ellis County, Texas. The property was purchased by Meritage Homes, a leading U.S. homebuilder, as part of the ongoing development of the Lake Ridge Parkway master-planned community.

The Phase 2 expansion underscores the strong demand for residential development in the region, particularly as new commercial development continues to expand along Highway 67. Homes within the community are estimated to range from the mid-$300s to $500s, making the development an attractive option for homebuyers seeking quality residences in the Dallas-Fort Worth area at a reasonable price point.

“The Phase 2 sale within Lake Ridge Parkway demonstrates continued builder confidence in the Dallas-Fort Worth market,” said Rob Nixon, Senior Vice President of Real Estate at Walton Global. “It reinforces Walton’s commitment to delivering exceptional residential opportunities in the Hill Country of Dallas, a region offering breathtaking views and tremendous growth potential.”

Lake Ridge Parkway will feature extensive community amenities designed to enhance residents’ quality of life. Phase 1 includes a park, lookout fire pit area, resort-style pool, clubhouse with gym, lounge and conference rooms, splash pad, and playground, creating a vibrant lifestyle destination for families and individuals alike.