Megatel Homes LLC is developing the Bellagio Lagoon community, one of the largest residential projects to date in the Dallas suburb of Forney. Once completed, the more than $800 million project will feature a manmade lagoon with white sand beaches. The homes will range from 1,800 square feet to 4,200 square feet and be priced between $349,000 to $600,000.

“Megatel lagoon communities have proven to be a game-changing asset type for our firm,” said Aaron Ipour, co-founder. “We have received tremendous feedback from potential homebuyers, which has greatly exceeded our expectations.”

The first phase of homes at the community, which features 400 homes, is expected to be completed by April 2022. The lagoon is expected to be completed by August 2022.

One of the fastest-growing North Texas new home markets, Forney has benefited from the influx of residents migrating from dense urban districts to the suburbs during the pandemic. Forney recently ranked second on the Best Suburbs in 2021 list by Homes.com.