When does the new Costco in Celina open, and what does it mean for home values nearby?
Celina’s first Costco opens on August 26, 2026, at the corner of Preston Road and Ownsby Parkway, with a 158,000-square-foot warehouse and a fueling station. A major retail anchor like Costco typically supports home values in the surrounding area by signaling long-term commercial investment and drawing additional retail and dining growth nearby, though the effect tends to build gradually rather than show up overnight.
By Stacy Cate, Realtor | Compass RE Texas, LLC, August 21, 2026
If you’ve driven past Preston Road and Ownsby Parkway in Celina over the past year, you’ve watched a Costco go from framing to fully staffed. The ribbon-cutting is set for 7:30 a.m. on August 26, 2026, with the store opening to shoppers at 8 a.m.
It’s a small piece of local news on its own. But for homeowners and buyers paying attention to Celina’s growth, it’s worth understanding what a milestone like this actually does, and doesn’t do, to nearby home values.
What’s actually opening
The new Celina Costco is a 158,000-square-foot warehouse with an attached fueling station. That’s a meaningful footprint, and it typically doesn’t arrive alone. Large retailers like Costco generally do their own market research before committing to a location, which means the decision to build here reflects confidence in Celina’s population growth and household spending, not just an isolated real estate deal.
How a retail anchor like this actually affects home values
It’s a signal, not a guarantee. A Costco opening doesn’t move home values by itself, but it does confirm that Celina has reached a population and income threshold that attracts major retail investment. That kind of validation tends to support continued growth in nearby commercial development over time.
It tends to draw more retail and dining nearby. Large anchor stores often act as a magnet for additional retail, restaurants, and services that want to be near the foot traffic. Over the next few years, it’s reasonable to expect more commercial development in the immediate area as a result.
Convenience adds real, measurable value for buyers. Proximity to daily shopping and errands is one of the practical factors buyers weigh when comparing similar homes in different parts of a fast-growing city like Celina. It’s not the only factor, but it’s a real one.
The effect builds gradually. This isn’t the kind of news that moves a specific home’s value the week it happens. It’s part of a longer pattern of infrastructure and retail growth that, cumulatively, supports property values in the surrounding area over several years.
The bigger picture: Celina’s growth story
This Costco isn’t happening in isolation. It’s arriving alongside Celina’s $96 million Downtown Center project, tracking toward a 2027 opening with a new library and community spaces, and continued residential growth across the city’s master-planned communities.
Retail growth like this also fits the broader pattern of corporate and commercial investment flowing into North Collin County.
What this means if you’re buying or selling near this corridor
If you’re a seller with a home near Preston Road and Ownsby Parkway, this is a reasonable point to mention in your listing story, not because it will single-handedly change your appraisal, but because buyers weighing convenience and long-term growth potential will notice it.
If you’re a buyer considering this part of Celina, it’s worth factoring in as one signal among several that the area is continuing to mature, alongside school zoning, HOA structure, and the specific development plans nearby.
Frequently Asked Questions
When does the new Costco in Celina officially open?
The ribbon-cutting is scheduled for 7:30 a.m. on August 26, 2026, with the store opening to shoppers at 8 a.m. It’s located at the corner of Preston Road and Ownsby Parkway.
Will a new Costco actually raise home values in Celina?
It’s more of a supporting signal than a direct driver. It reflects confidence in the area’s growth and tends to draw additional retail and dining nearby, supporting home values gradually over time.
How big is the new Celina Costco location?
The warehouse is approximately 158,000 square feet and includes an attached fueling station.
Does proximity to a Costco matter when buying a home?
For some buyers, yes. Convenience to daily shopping and errands is a real, practical factor, though typically one consideration among several rather than the deciding one.
What else is driving growth in this part of Celina?
The Costco opening coincides with Celina’s broader growth story, including the $96 million Downtown Center project and continued residential development across the city’s master-planned communities.
The bottom line
A single retail opening rarely changes a specific home’s value overnight, but it’s part of the broader growth pattern that shapes where buyer demand concentrates over the next several years in a city like Celina.
Get the Seller’s Guide or reach out anytime to talk through what this means for your specific situation.
About Stacy Cate
Stacy Cate is a Realtor with Compass RE Texas, LLC, serving North DFW’s luxury and lifestyle homes across Prosper, Celina, McKinney, Frisco, and the lake markets of Bois d’Arc Lake and Lake Texoma. With 30+ years of local roots, deep community ties, and CNE, CLHMS, SRES, and NHSAC designations, Stacy guides clients, especially those navigating legacy transitions and life-stage moves, with clarity, privacy, and heart.
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