Welcome to Grayhawk Estates, a beautiful, master-planned community situated in the heart of Frisco.. Living in Grayhawk will make you feel like you're in a world of your own with community amenities including a winding trail system, beautiful park settings, several playgrounds, and two community pools, all built around a gorgeous 40 acre lake. Our beautiful community is served by the acclaimed Frisco Independent School District, and features on-site middle and elementary schools. Located just seconds from the community is the brand-new Lone Star High School. The North Dallas tollway is just a short 2-mile drive away, and provides Enjoy easy access to world-class shopping, dining, and entertainment.