A development taking shape on Seagoville’s eastern side could eventually add nearly 2,000 houses. It could also bring more than 1,000 apartments. A resort style entertainment complex is planned as well, unlike anything currently operating in the city.
Santorini, the master planned community built by Megatel Homes, is already selling houses in Seagoville. The homes now appearing along its new streets represent only part of a much larger vision.
At full buildout, plans call for approximately 1,938 single family homes. A large multi family component is also planned. So is a lagoon centered recreation and entertainment district.
The project represents one of the largest residential developments in Seagoville’s history. It could substantially change the city’s population, its housing supply and its commercial market if the plan reaches full buildout.
Nearly 2,000 Houses Planned
Seagoville’s own financial and development documents offer the clearest picture of Santorini’s scale.
The Santorini Public Improvement District covers approximately 528 acres within the city. Its original service and assessment plan anticipates about 1,938 single family lots.
The project is being developed in multiple phases rather than as one large construction effort. The first improvement area alone was planned for 393 single family lots.
Santorini is not a conventional subdivision with a few hundred houses. At full buildout, it would function more like a sizable community within Seagoville itself.
Unlike many developments that remain conceptual for years, Santorini has already moved into active homebuilding. Megatel Homes currently markets houses from a sales center at 1150 Marina Drive.
The builder lists completed, move in ready homes. Additional homes remain under construction.
Lagoon Anchors the Vision
The feature separating Santorini from typical North Texas subdivisions is its planned recreational lagoon.
Economic development materials describe a lagoon covering roughly 2.3 acres. It is intended to serve as the centerpiece of the community.
Megatel specializes in what it calls lagoon communities. These are large master planned developments centered on resort style water amenities.
Current plans for Santorini promote far more than a neighborhood pool. Amenities include sandy beaches, water slides, paddleboarding and kayaking.
Cabanas and a swim up bar are also included. A fitness center, yoga studio, miniature golf course, arcade and indoor playground round out the developer’s current marketing.
Not all of those amenities have been built yet. That distinction between what exists today and what remains planned is important for residents to understand.
Santorini already has houses. The full resort style component remains part of the project’s future buildout.
Bowling Alley and Restaurants Planned
Santorini could also bring a type of entertainment development that Seagoville has historically lacked.
Current plans call for a bowling alley with 16 lanes as part of the amenity complex. Regional economic development material describes roughly 50,000 square feet of recreational space.
That space would incorporate restaurants, bowling, fitness facilities and an arcade. Megatel’s current marketing continues to list a restaurant, a bar, the bowling alley and numerous recreational amenities.
That would make Santorini more than a residential subdivision. If completed as envisioned, it could become an entertainment destination capable of drawing visitors who do not live in the community.
That distinction could matter economically for Seagoville. Smaller suburban cities often face a gap between fast moving residential growth and slower commercial growth.
Houses tend to appear quickly. Restaurants, entertainment venues and major retailers typically take much longer to follow.
Santorini attempts to build some of those destinations directly into the master plan.
Apartments Add Another Layer
Single family housing is only part of Santorini’s proposed residential footprint.
Regional economic development materials describe approximately 1,200 apartments as part of the broader vision. A January 2026 profile of Seagoville described the project in similar terms, citing nearly 2,000 houses and roughly 1,000 apartments.
Those figures represent planned buildout numbers rather than units already constructed. Still, the scale is significant.
If all 1,938 houses and 1,200 apartments were eventually completed and occupied, Santorini alone could contain more than 3,000 residential units. The actual population impact would depend on occupancy rates and household sizes.
It would also depend on whether the project ultimately develops according to its current plans. Even without a firm population estimate, Santorini’s potential influence on Seagoville is clear.
Thousands of additional households would create new demand. Roads, public safety, utilities, schools, restaurants and stores would all be affected.
A Major Public and Private Partnership
The city’s role in Santorini extends beyond ordinary building permits.
Seagoville established the Santorini Public Improvement District as a financing tool. It funds eligible public infrastructure connected to the development.
The project is also associated with a tax increment reinvestment zone. City records additionally document an economic development agreement under state law involving Seagoville Laguna Azure LLC and related companies, including Megatel Santorini LLC.
That agreement was built around building material purchases. Those purchases could generate local use tax revenue while providing an economic development grant back to the company.
City documents stated that officials determined the project would add taxable improvements. They also found it would promote development and create jobs.
Those arrangements show how much importance city officials have placed on Santorini within Seagoville’s long term growth strategy.
Plans Continue to Evolve
Santorini has not advanced without changes.
Planning and Zoning Commission records show the city considering several amendments. These involve design details, parking dimensions, fire lane requirements, water slide dimensions and monument signs.
In August 2024, the commission also reviewed a site plan specifically for the Santorini lagoon at U.S. Highway 175 and Santorini Boulevard.
Changes like these are common with large, multi year projects. They are also a reason residents should separate a master plan from a finished development.
A project of this scale can shift as market conditions change. Construction costs, financing terms and development priorities can all evolve over time.
An amenity shown on today’s marketing materials is not guaranteed to be built exactly as illustrated.
First Phase Already Underway
What is no longer speculative is Santorini’s arrival as a residential community.
Megatel is selling homes there now. New addresses have appeared along Marina Drive, Triton Drive, Lana Drive and Oceania Lane.
The developer currently advertises multiple floor plans. Several homes are already move in ready.
That marks an important shift. For years, Santorini existed mainly in plats, zoning cases, financing documents and artist renderings.
It is now becoming a physical neighborhood. The larger question is how much of the original vision follows those first rooftops.
If Santorini reaches anything close to its planned scale, the impact would be significant. That means roughly 1,938 houses, a major apartment component, a recreational lagoon and a commercial entertainment complex.
The development would do more than add another subdivision to Seagoville. It could create an entirely new population and activity center within the city.
For a community that has often watched large scale suburban growth happen elsewhere in North Texas, Santorini may be one of the clearest signs yet. Seagoville’s own growth era appears to have arrived.
