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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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<SEC-DOCUMENT>0001209191-03-025001.txt : 20031007
<SEC-HEADER>0001209191-03-025001.hdr.sgml : 20031007
<ACCEPTANCE-DATETIME>20031007170415
ACCESSION NUMBER:		0001209191-03-025001
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20031003
FILED AS OF DATE:		20031007

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			WEINBERG STEPHEN M
		CENTRAL INDEX KEY:			0001110905

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-09625
		FILM NUMBER:		03931927

	BUSINESS ADDRESS:	
		STREET 1:		P O BOX 199000
		STREET 2:		2728 N HARWOOD ST
		CITY:			DALLAS
		STATE:			TX
		ZIP:			752011516

	MAIL ADDRESS:	
		STREET 1:		P O BOX 199000
		STREET 2:		2728 N HARWOOD ST
		CITY:			DALLAS
		STATE:			TX
		ZIP:			752011516

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CENTEX DEVELOPMENT CO LP
		CENTRAL INDEX KEY:			0000818764
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE [6500]
		IRS NUMBER:				752168471
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0331

	BUSINESS ADDRESS:	
		STREET 1:		2728 N. HARWOOD
		STREET 2:		-
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75219
		BUSINESS PHONE:		214-981-6770

	MAIL ADDRESS:	
		STREET 1:		PO BOX 199000
		STREET 2:		-
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75219
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>doc4.xml
<DESCRIPTION>FORM 4 SUBMISSION
<TEXT>
<XML>
<?xml version="1.0"?><ownershipDocument>
    <schemaVersion>X0201</schemaVersion>

    <documentType>4</documentType><periodOfReport>2003-10-03</periodOfReport><notSubjectToSection16>0</notSubjectToSection16>
    <issuer>
        <issuerCik>0000818764</issuerCik>
        <issuerName>CENTEX DEVELOPMENT CO LP</issuerName>
        <issuerTradingSymbol>CTX</issuerTradingSymbol></issuer><reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001110905</rptOwnerCik>
            <rptOwnerName>WEINBERG STEPHEN M</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>2728 N. HARWOOD</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>DALLAS</rptOwnerCity>
            <rptOwnerState>TX</rptOwnerState>
            <rptOwnerZipCode>75201</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
            <reportingOwnerRelationship>
<isDirector>1</isDirector><isOfficer>1</isOfficer><isTenPercentOwner>0</isTenPercentOwner><isOther>0</isOther><officerTitle>President</officerTitle></reportingOwnerRelationship></reportingOwner><nonDerivativeTable><nonDerivativeTransaction><securityTitle><value>Warrants to Purchase Units</value><footnoteId id="F1" /><footnoteId id="F2" /><footnoteId id="F3" /></securityTitle><transactionDate><value>2003-10-03</value></transactionDate><deemedExecutionDate></deemedExecutionDate><transactionCoding><transactionFormType>4</transactionFormType><transactionCode>M</transactionCode><equitySwapInvolved>0</equitySwapInvolved></transactionCoding><transactionTimeliness><value></value></transactionTimeliness><transactionAmounts><transactionShares><value>0.11</value></transactionShares><transactionPricePerShare><value>50.4</value></transactionPricePerShare><transactionAcquiredDisposedCode><value>A</value></transactionAcquiredDisposedCode></transactionAmounts><postTransactionAmounts><sharesOwnedFollowingTransaction><value>0
</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>D</value></directOrIndirectOwnership></ownershipNature></nonDerivativeTransaction><nonDerivativeTransaction><securityTitle><value>Warrants to Purchase Units</value><footnoteId id="F1" /><footnoteId id="F2" /><footnoteId id="F3" /></securityTitle><transactionDate><value>2003-10-03</value></transactionDate><deemedExecutionDate></deemedExecutionDate><transactionCoding><transactionFormType>4</transactionFormType><transactionCode>S</transactionCode><equitySwapInvolved>0</equitySwapInvolved></transactionCoding><transactionTimeliness><value></value></transactionTimeliness><transactionAmounts><transactionShares><value>0.11</value></transactionShares><transactionPricePerShare><value>82.5</value></transactionPricePerShare><transactionAcquiredDisposedCode><value>D</value></transactionAcquiredDisposedCode></transactionAmounts><postTransactionAmounts><sharesOwnedFollowingTransaction><value>0</value></shar
esOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>D</value></directOrIndirectOwnership></ownershipNature></nonDerivativeTransaction></nonDerivativeTable><derivativeTable><derivativeTransaction><securityTitle><value>Non-Qualified Stock Option (Right to Buy)</value></securityTitle><conversionOrExercisePrice><value>50.4</value></conversionOrExercisePrice><transactionDate><value>2003-10-03</value></transactionDate><deemedExecutionDate></deemedExecutionDate><transactionCoding><transactionFormType>4</transactionFormType><transactionCode>M</transactionCode><equitySwapInvolved>0</equitySwapInvolved></transactionCoding><transactionTimeliness><value></value></transactionTimeliness><transactionAmounts><transactionShares><value>0.11</value></transactionShares><transactionPricePerShare><value>0</value></transactionPricePerShare><transactionAcquiredDisposedCode><value>D</value></transactionAcquiredDisposedCode></transactionAmounts><exerciseDate><value>2002-04-03</value
><footnoteId id="F4" /></exerciseDate><expirationDate><value>2009-04-01</value></expirationDate><underlyingSecurity><underlyingSecurityTitle><value>Common Stock</value></underlyingSecurityTitle><underlyingSecurityShares><value>0.11</value></underlyingSecurityShares></underlyingSecurity><postTransactionAmounts><sharesOwnedFollowingTransaction><value>0.11</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>D</value></directOrIndirectOwnership></ownershipNature></derivativeTransaction></derivativeTable><footnotes><footnote id="F1">Centex Development Company, L.P. trades in tandem with Centex Corporation "CTX" The reporting person's titles are those for 3333 Development Corporation, the general partner of CDC
     Pursuant to a Nominee Agreement dated November 30, 1987 (as amended, the "Nominee Agreement"), each person who is the beneficial owner of shares of Centex Corporation "Centex" common stock is also the beneficial owner of an undivided interest in 900 warrants (the "Warrants") to purchase Class B units of limited partnership interest in Centex Development Company, L.P. "CDC" at an exercise price of $500 per Class B unit, which Warrants are held of record by a nominee. Each beneficial owner's proportionate interest in the Warrants is equal to the number of shares of Centex common stock that he owns divided by the total number of shares of Centex common stock. </footnote><footnote id="F2">     The exercise price for the Warrants will be determined at the time they become exercisable based on the number of Warrants that are then exercisable, the manner in which the Warrants are subdivided are the discretion of the general partner of CDC and the number of shares of Centex common stock outstanding at that time
. The Warrants will be exercisable for a 90-day period commencing on a date to be specified after their detachment. Unless sooner detached, the Warrants will be detached on November 30, 2007, unless such date is extended by a vote of the Centex shareholders. Until the Nominee Agreement is terminated with respect to the Warrants and certificates evidencing the Warrants are issued in the name of the beneficial owners thereof, Stephen M. Weinberg has no right to obtain a certificate evidencing his beneficial interest in the Warrrants or to dispose of the Warrants separate from Centex common stock.

</footnote><footnote id="F3">     Computations set forth in this form have been made using 61,615,861 shares of Centex common stock outstanding as of the close of business on October 6, 2003.
     All price per share information is quoted as price per share of Centex common stock.

</footnote><footnote id="F4">     Options vest over three years with 25% vesting on the date of grant and 25% on each of the first three anniversaries of the date of grant.</footnote></footnotes><remarks>See attached footnote page.</remarks><ownerSignature><signatureName>/s/ Stephen M. Weinberg</signatureName><signatureDate>2003-10-07</signatureDate></ownerSignature></ownershipDocument>

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