Peaks at Lone Elm, Waxahachie TX: New Homes, Builders and What to Know
Peaks at Lone Elm sits just outside Waxahachie city limits off I-35E and US-287, on one-acre-plus homesites with no city property tax, no PID and no MUD. The total tax rate of roughly 1.53 percent is the lowest of any new-build community on this site, and it makes a $650K house here cost about the same per month as a $550K house inside a PID.
See current homes for sale in Peaks at Lone Elm (live MLS)
Builders
Lillian Homes builds nine plans from 2,594 to 4,423 square feet from the mid $600s with spray-foam insulation standard. Elmwood Homes builds twelve plans from 2,204 to 3,419 square feet from the $500s, with quick move-ins in the $620Ks to $730Ks.
Amenities
- No pool or amenity center; the amenity is the acre and the tax rate
- Rural setting minutes from I-35E
Taxes, HOA and what to check
HOA dues are about $1,000 a year. There is no city tax, no PID and no MUD, and Lillian quotes a total tax rate near 1.53 percent. Because it is outside city limits, confirm water, septic or sewer, and trash service for the specific lot, and check the county's rules on accessory buildings.
Who Peaks at Lone Elm fits
Buyers who want acreage and a low tax bill more than a community pool, and anyone comparing a $600K-plus budget between a master plan and a custom-feel acre lot.
Questions buyers ask about Peaks at Lone Elm
Is Peaks at Lone Elm inside Waxahachie city limits?
No. It is in Waxahachie's extraterritorial jurisdiction, so there is no city property tax, no PID and no MUD. It is still zoned to Waxahachie ISD.
What is the tax rate at Peaks at Lone Elm?
Lillian Homes quotes a total rate of about 1.53 percent, compared with roughly 2.05 percent in most new communities inside the city.
Who builds in Peaks at Lone Elm?
Lillian Homes and Elmwood Homes as of September 2026.
See all new construction communities in Waxahachie or browse Waxahachie homes for sale.
Thinking about a new build in Peaks at Lone Elm? Get a second set of eyes on the contract, the lot and the incentives.
Prices, builders and amenities are as published on builder and developer websites in September 2026 and change often. Confirm current pricing, lot availability, HOA dues and any PID or MUD assessments with Dave before you write a contract. Milestone Real Estate Group is not affiliated with any builder or developer.