Overview of Preston Place

Preston Place is a garden-style community in Plano, TX, designed to cater to residents seeking a blissful independent living experience. The community helps its residents in simplifying their lifestyles by providing them with conveniences like maintenance, housekeeping, and chef-prepared meals. Accommodations here are carefully built with residents’ safety and welfare in mind and equipped with water heaters, central heating, and A/C, and a balcony with storage for their comfort.

There’s always something interesting to do with various activities and events held regularly. Residents’ well-being is prioritized with a fitness center, life-enrichment room, and various wellness programs available on-site. The community also offers the convenience of having amenities like a saltwater pool, salon, and clubhouse for a more enjoyable retirement experience.

(972) 931-1123
Walk Score
Walk Score: 76 / 100 Rank #57 / 1391Walk Score — State benchmarkedThis home is ranked 57th out of 1391 homes in Texas. Shows how walkable this facility's neighborhood is compared to the average Walk Score across Texas facilities. Higher scores benefit residents, families, and staff.Rankings are based only on facilities in Texas that report data for that category. Facilities without available data are excluded from the ranking.Click the rank badge to see the full State ranking.Click here to see the full State ranking.
Very walkable. Most errands can be accomplished on foot, and many essentials are within a short walk.

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What does this home offer?

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Minimum Age: 55 Years Old

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Pets Allowed

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Housing Options: 1 Bed / 2 Bed

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Building Type: 2-story

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Housekeeping Services

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Transportation Services

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Beauty Services

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Exercise Programs

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Recreational Activities

Places of interest near Preston Place

Address 6.1 miles from city center Info Estimated distance in miles from Plano's city center to Preston Place's address, calculated via Google Maps.

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811Studio / 1 Bed / 2 Bed
Preston Place
IL
Plano (Preston Place Apartments)-Yes
76
Facility 76
TX AVG 41
Rank #57 / 1391
------1 Bed / 2 Bed

Financial Assistance for
Independent Living in Texas

Preston Place is located in Plano, Texas.
Here are the financial assistance programs available to residents in Texas.

Get Financial aid guidance

Community Care for the Aged and Disabled (CCAD)

TX Medicaid CCAD

Age 65+ or disabled
General Texas resident, Medicaid-eligible, care need (not always nursing home level).
Income Limits (2025) ~$2,829/month 300% FBR, individual
Asset Limits $2,000 (individual), $3,000 (couple).
TX

Large state; rural access challenges.

Benefits
Personal care (5-7 hours/day) Respite (240 hours/year) Adult day care (~$60/day) Home aides

Texas Community Care Services

TX CCS

Age 60+
General Texas resident, at risk of decline.
Income Limits ~$2,000/month individual, varies
Asset Limits $5,000 individual
TX

Limited funding; high demand in urban areas.

Benefits
In-home care (3-5 hours/week) Respite (up to 10 days/year) Transportation (~5 trips/month)

Area Agency on Aging (AAA) Services

Texas AAA Services

Age 60+
General TX resident; no income/asset limits.
Income Limits (2025) None; donations encouraged.
Asset Limits Not assessed.
TX

28 AAAs; includes Meals on Wheels in some areas.

Benefits
Meals (~$5-$7/meal) Transportation Homemaker services (~4 hours/week) Respite (~5 days/year) Legal aid

Medicare Savings Program (MSP)

Texas Medicare Savings Program

Age 65+ or disabled
General TX resident, Medicare Part A/B.
Income Limits (2025) ~$2,510/month (QMB), ~$3,380/month (SLMB), ~$3,598/month (QI)—individual.
Asset Limits $9,430 (individual), $14,130 (couple).
TX

Includes Extra Help for Part D; no waitlist.

Benefits
Covers Part B premiums ($174.70/month) Deductibles ($240/year) Copays (~20%)

Family Caregiver Support Program (FCSP)

Texas Family Caregiver Support Program

Age
General Caregivers of 60+ needing care or 55+ caregivers of others; TX resident; 2+ ADLs.
Income Limits (2025) No strict cap; prioritizes low-income ~$24,980/year
Asset Limits Not assessed.
TX

High rural demand; includes grandparent caregivers.

Benefits
Respite (4-6 hours/week or 5 days/year) Adult day care ($60/day) Training Supplies (~$500/year)

VA Aid and Attendance (A&A) and Housebound Benefits

Texas VA Aid and Attendance/Housebound

Age 65+ or disabled veteran/spouse
General TX resident, wartime service, ADL help (A&A) or homebound.
Income Limits (2025) Net income < ~$1,984/month (veteran with dependent, A&A); pension offsets income.
Asset Limits ~$155,356 net worth
TX

High veteran population; supports rural/urban needs.

Benefits
Cash (~$1,433-$2,642/month veteran, ~$951-$1,318 spouse) for care costs

Property Tax Exemption for Seniors

Texas Senior Property Tax Exemption

Age 65+
General TX resident, homeowner (homestead).
Income Limits (2025) None; tax-based eligibility.
Asset Limits Not assessed.
TX

$25,000+ exemption; optional freeze in some counties; saves ~$500-$1,000/year.

Benefits
Tax exemption or freeze (~$500-$1,000/year savings)

Senior Farmers’ Market Nutrition Program (SFMNP)

Texas SFMNP

Age 60+
General TX resident, low-income.
Income Limits (2025) ~$2,322/month 185% FPL
Asset Limits Not assessed.
TX

Vouchers (~$50/season); serves ~20,000 via 28 AAAs.

Benefits
Vouchers (~$50/season) for produce at farmers’ markets

Frequently Asked Questions about Preston Place

What neighborhood is Preston Place in?

Preston Place is in the Preston Place Apartments neighborhood of Plano.

Is Preston Place in a walkable area?

Preston Place has a walk score of 76. Very walkable. Most errands can be accomplished on foot, and many essentials are within a short walk.

Are there photos of Preston Place?

Yes — there are 7 photos of Preston Place in the photo gallery on this page.

What is the address of Preston Place?

Preston Place is located at 5000 Old Shepard Pl, Plano, TX 75093.

What is the phone number of Preston Place?

(972) 931-1123 will put you in contact with the team at Preston Place.

Does Preston Place provide medical or personal care assistance?

No — Preston Place is an independent living community. Residents live on their own in private apartments with access to amenities, dining, and social activities.

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