 Musket Villa has social significance to the Queensland racing industry, being an example of a horse trainer's residence which had associated stables and ancillary facilities located in the hub of the racing district of Brisbane.The place has a special association with the life or work of a particular person, group or organisation of importance in Queensland's history.Musket Villa has a special association with racing identity, trainer and jockey, William "Billy" Booth, for whom it was constructed, and with Brisbane architects Hall and Prentice as an example of their domestic work.