 Musket Villa has social significance to the Queensland racing industry, being an example of a purpose-built stables, training establishment and residence, located in the hub of the racing district of Brisbane.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.The place is important in demonstrating the principal characteristics of a particular class of cultural places.