DENISON, Texas — Preston Harbor is a 3,100-acre master-planned waterfront community along the shores of Lake Texoma in Grayson County, representing a projected $6 billion long-term investment in regional housing, tourism, and commercial infrastructure.
Located in the city of Denison's extra-territorial jurisdiction and incorporated into specialized financing districts, the multi-phase project is designed to transform the Lake Texoma waterfront into a regional residential and resort destination.
Margaritaville Resort & Marina Anchor
The centerpiece of the Preston Harbor development is a planned Margaritaville Resort anchor facility, featuring a full-service hotel, rental cottages, restaurant venues, and upgraded marina slips.
The resort development is integrated with expanded public boat access, boardwalk amenities, and outdoor recreation trails connecting residential neighborhoods with Lake Texoma.
Public Improvement District (PID) and TIRZ Financing
To support initial infrastructure delivery, the Denison City Council established a Public Improvement District (PID) and Tax Increment Reinvestment Zone (TIRZ) for Preston Harbor.
- Infrastructure Funding: The PID and TIRZ mechanisms fund public water mains, wastewater treatment connections, arterial roadways, and storm drainage infrastructure.
- Phased Residential Buildout: The development plan envisions up to 7,500 residential units across multiple phases, including single-family homes, luxury estates, and multi-family options.
Regional Economic and Transportation Impact
The expansion of Preston Harbor accelerates commercial growth along FM 84 and the State Highway 289 corridor connecting Denison and Pottsboro.
Local civic leaders project that the growth will increase the tax base for Grayson County and Denison ISD while creating ongoing service, hospitality, and construction employment across the region.