I almost signed on a home in Golden Oak a few months ago. The HOA is not horrible, if I recall it was only $1,400 a year for Kimball Trace, and up to $2,000 for the more executive homes. The $1.5M price tag would get you a "basic" home at around 3,000 SF with a zero lot line, if you want something nicer, the $1.5M would cover only the cost of the lot. I had a friend that was able to purchase and build for around $600,000, but those days have passed and were on to the $1.9-$2.5 range as the development process picks up speed. They are nice, but I wouldn't spend $1.5 on it. Go literally another 1/2 mile behind MK and get the same thing for around $550-$600K.