The Lakelands Estate is being developed by Peet Limited  and is expected to exceed 2500 lots when completed.
Black Swan and Paganoni Lakes are a focal points of the estate with recreation areas and walking tracks.
Mandurah Baptist College is located in Lakelands and was opened in 2005. Two primary schools are located in Lakelands; Lakelands Primary School and Oakwood Primary School which is due for completion in 2019. The new senior high school Coastal Lakes College opened in 2018.
To the south of Lakelands is Meadow Springs. The western side is bounded by Mandurah Road which separates Lakelands from Madora Bay and the Western beaches.
The eastern side is bounded by Mandjoorgoordap Road and The Mandurah railway line passes through the suburb. Land has been reserved for a future Lakelands train station which would connect the area directly to Perth.
Block sizes are around 500 square metres (5,382 sq ft).