If you are looking for an opportunity to own land in McKinney and build your dream home look no further. Waterstone Estates is a gated 680-acre luxury country living community outside the city limits of McKinney. No City Property Tax! There is not a timeline to build, and you can bring your own builder. The community amenities include a park, playground, gathering pavilion, 2 ponds with fountains and 4 lakes. The 27-acre main lake allows small boats, canoes, kayaks, paddle boards, etc. Downtown McKinney is less than 10 miles away for shopping and dining out.