Set along the southeastern shore of Lewisville Lake—which includes two peninsulas—The Colony offers outdoor adventure mixed with suburban convenience. This city of 45,000, less than 30 miles from Dallas, is home to Grandscape, a 400-acre indoor-outdoor shopping, dining and entertainment destination. It's one of The Colony's largest employers, along with companies in nearby Plano such as Liberty Mutual and Toyota, whose North American headquarters employs over 6,600 people. "Shopping and entertainment are all draws, but at the end of the day, it's all about what people can afford," says Realtor Sandon Smith, who runs his team through BK Real Estate LLC and specializes in the area. "You can still find homes in The Colony in the $300,000 range and be close to downtown [Dallas]."
The Colony is a growing community that rests along the eastern shore of Lewisville Lake.
Grandscape is the perfect destination to bring the family for some food, fun and shopping.
Residents of The Colony can get their shopping done at Target.
Nothing quite like a family adventure at Grandscape.
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Waterfront properties in The Tribute community
The median home price in The Colony is $460,000, but modest homes built in the 1970s and '80s can be found in the $250,000 to $275,000 range. The Tribute is a master-planned community set on a peninsula that juts into Lewisville Lake and includes two golf courses, hiking and biking trails, playgrounds and pools. Properties, which include townhouses and single-family homes built in the late 2000s, range from around $500,000 to over $2 million for those with water or golf course views. Less-pricey master-planned communities include Legends, with homes priced from around $400,000 to the mid-$500,000s. The Austin Ranch neighborhood is located south of Sam Rayburn Tollway near the Arbor Hills Nature Preserve and includes townhouses priced in the $400,000s and several apartment communities.
You will find luxurious one story homes in The Colony with manicured lawns.
You can find some amazing homes with large expansive yards for the family to play in.
Single family brick homes sit on well-maintained lawns.
New subdivisions pop up frequently in The Colony.
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Kayaking at Hidden Cove Park
Lewisville Lake is one of the largest lakes in North Texas, spanning over 29,000 acres. Stewart Creek Park and Hidden Cove Park are pay-to-visit spots on the lake, with swimming and fishing areas, boat rentals, playgrounds and sports areas. Hidden Cove Park is the largest recreation area on the lake, with amenities including a full-service marina and restaurant. Stewart Peninsula Golf, set on Stewart Peninsula, is a 9-hole golf course, and on the neighboring peninsula are two 18-hole courses at The Tribute; all are open to the public. Community parks in the city include Kid's Colony Park, which features an all-inclusive playground, splash pad and basketball courts, and The Colony Wheel Zone Bike & Skate Park.
Grandscape is a vast entertainment complex anchored by a 300-foot Ferris wheel. It features a go-kart venue, mini golf courses, a movie theater, escape rooms and an outdoor stage with live music.
Hidden Cove Park and Marina is just the place to go boating with the family.
Stewart Peninsula Golf is an amazing nine hole golf course located in The Colony.
PopStroke is the place of choice for the locals of The Colony to go to for outdoor fun.
The Five Star Complex offers baseball and softball fields for exciting games.
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Playing, shopping and dining at Grandscape
In addition to all the activities at Grandscape, there are also shopping and dining. "While it is primarily an entertainment destination, it is the only mall in our little city," says Brenda Patton, an associate broker with Ebby Halliday Realtors. Beer-oriented spots there include Windmills Brewery, Rock & Brews and Truck Yard, a local chain with an outdoor beer garden. Stores include SCHEELS, a vast sporting goods shop complete with a saltwater aquarium and indoor Ferris wheel.
Beyond Grandscape are smaller shopping centers like The Colony Crossing on Highway 121, which has several small businesses and eateries. It's less than 10 miles to Plano, where there's high-end shopping at Legacy West and big-box stores like Dillard's and Macy's at The Shops at Willow Bend. Stonebriar Centre, in nearby Frisco, is another large mall with chain restaurants.
Windmills is a microbrewery and international eatery offering live music in Austin Ranch.
Commercial businesses are located throughout The Colony.
The Colony locals can make a short trip to Stonebriar Centre Mall to browse all the shops.
Kroger is the place of choice for picking up a little something for dinner on your way home.
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Year-round events in The Colony
The Colony hosts community events and celebrations year-round. The Colony Christmas Spectacular takes place throughout December; residents can drive through a display at the Central Fire Station and listen to holiday ballads set to a light show display. The city supports veterans and military members every Veteran's Day with an American Heroes celebration featuring a car show, food trucks and a carnival. Every Fourth of July, there's a fireworks show at Stewart's Peninsula.
Residents of The Colony eagerly anticipate the festivals and concerts held regularly.
Families gather for fun at many event sessions in The Colony.
At Sounds of Summer on The Stage at Grandscape, different bands take to the stage each week.
Many locals enjoy the time outdoors at Sounds of Summer on The Stage at Grandscape.
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Served by well-rated Lewisville ISD and Little Elm ISD
Students in The Colony are served by the Lewisville Independent School District, earning an A from Niche, and the Little Elm Independent School District, scoring a B. Little Elm High School receives a B-plus and offers technical training in various career pathways, including culinary arts, sales, law enforcement and marketing.
Hackberry Elementary School in Little Elm has a strong focus on academic achievement.
Little Elm High School has over 2,000 students working towards a bright future.
Jerry R. Walker Middle School staff believes meaningful work engages students in learning.
Arbor Hills Middle School in Carrollton provides modern facilities for an enhanced experience.
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The Sam Rayburn Tollway connects to Dallas
The city has no public transportation, but there is a Park & Ride stop in nearby Plano. The Sam Rayburn Tollway connects residents to the DFW International Airport, about 15 miles away, and to Interstate 820, which leads to downtown Fort Worth, about 45 miles away. The nearby Dallas North Tollway runs south directly in downtown Dallas, 30 miles away. Trinity North Medical Plaza is the area's main hospital, along Main Street.
Crime and environmental factors in The Colony
Homes closer to Lewisville Lake are prone to flooding. The city also experiences excessive heat in summer and potential tornadoes. Crime rates in The Colony, for both violent crime and property crime, are about half those of the state.
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On average, homes in The Colony, TX sell after 53 days on the market compared to the national average of 52 days. The median sale price for homes in The Colony, TX over the last 12 months is $409,950, up 3% from the median home sale price over the previous 12 months.
Pride of ownership shines in this beloved Northpointe home, set on one of the best cul-de-sac lots in the neighborhood with unbeatable curb appeal! With over 2,300 square feet, it’s made for entertaining. Featuring indoor outdoor living opportunities with a sparkling pool, media room, and a charming screened in She Shed. The layout offers generous living space, natural flow, and room for
Don’t miss this pristine townhome in the sought-after Cascades community! This beautifully maintained 3-bedroom, 2.5-bath home offers a perfect blend of modern style and everyday comfort. The open-concept floor plan features a spacious living area and a stunning kitchen with ample cabinetry and stainless steel appliances. The updated bathrooms are thoughtfully designed with contemporary finishes.
**Price reduction! Sellers also open to concessions to help with closing costs or rate buy down** Refrigerator and 55 inch TV in living room convey. Meticulously maintained 3-bed, 2-bath nestled on a quiet cul-de-sac backing to a 45+ acre greenbelt. Peace and privacy are epitomized on this spacious third of an acre lot. Minutes from Lake Lewisville, entertainment such as Grandscape, Legacy Hall,
Pride of ownership shines in this beloved Northpointe home, set on one of the best cul-de-sac lots in the neighborhood with unbeatable curb appeal! With over 2,300 square feet, it’s made for entertaining. Featuring indoor outdoor living opportunities with a sparkling pool, media room, and a charming screened in She Shed. The layout offers generous living space, natural flow, and room for
Don’t miss this pristine townhome in the sought-after Cascades community! This beautifully maintained 3-bedroom, 2.5-bath home offers a perfect blend of modern style and everyday comfort. The open-concept floor plan features a spacious living area and a stunning kitchen with ample cabinetry and stainless steel appliances. The updated bathrooms are thoughtfully designed with contemporary finishes.
This inviting 4-bedroom red brick home blends timeless curb appeal with modern comfort and plenty of room for entertaining. Step inside to an open-concept layout where a beautifully updated kitchen in soft blue and white sets the tone. With its large island, abundant storage, and stylish finishes, the kitchen flows seamlessly into the spacious living room and cheerful eat-in dining area—each
The kitchen features granite countertops and neutral paint colors. Blinds and ceiling fans are installed in every bedroom. The living area includes a fireplace. The big backyard has a covered patio and a wood fence.
Established neighborhood located in the heart of The Colony. Great layout with 3 bedrooms, 2 bathrooms, full 2 car garage. Located near end of street close to greenbelt. Light and bright neutral colors. The open kitchen allows the cook to still be a part of the family activities with the open style island eat at bar with granite counters, white cabinets, stainless-steel on black stove and
Location, location, location! Check out this beautifully updated home in the highly sought-after The Colony area. It boasts a range of modern improvements including stainless steel appliances, granite countertops and upgraded cabinets. The entire home features updated flooring, light and plumbing fixtures. The home feels much larger than its size - thanks to an open floor plan. No wallpaper in
There's a sprawling section of untouched land outside of Lake Lewisville, hidden in one of the largest metropolitan areas in the country. Austin Ranch is one of The Colony's serene communities, close to nature preserves and a convenient commercial district. "It's just a good location- close to the airport and 121. It's a few minutes to the nature preserve," says local Realtor Rusty Pierce with RE/MAX, who has over 23 years of experience. "The preserve is huge, and there are a lot of popular hiking and biking trails." In addition to its location, Austin Ranch offers spacious new homes and A-rated schools, drawing families and those seeking a convenient Metroplex suburb.
Arbor Hills Nature Preserve is a scenic 200-acre park with plenty of room for walking, jogging, hiking and other outdoor activities. The preserve has 3 miles of natural, unpaved hiking trails and 2.8 miles of off-road cycling trails surrounded by sagebrush and mesquite trees. The observation tower looks east, offering sweeping views of Plano and surrounding areas. The playground has several climbing features and slides for kids to enjoy, making this a great place to spend time with the whole family.
Residents also enjoy access to Lewisville Lake, less than 5 miles from the neighborhood. "The lake is a huge part of life in this area," says Realtor Bryan Edwards. Edwards is with eXp Realty and has 12 years of experience. "People are always taking out the boat, kayaking or fishing. It's a popular place." Visitors can visit any of the lake's waterfront parks, including Stewart Creek Park. The park features a swimming beach, a fishing pier and a boat launch.
Most of what residents find in this growing community are subdivisions, giving it a classic suburban feel. Contemporary Craftsman styles and Colonial Revivals tend to be close together, while more established brick and stone New Traditional homes are more spread out. Backyard pools and entertainment spaces are common, while front yards are tidy and adorned with well-maintained sidewalks and picture-perfect landscaping. Prices here typically range between $700,000 and $1 million, with larger traditional homes listed on the upper end.
Austin Ranch also offers townhouses and condos in the neighborhood's eastern edge. These new developments have many units mixed in among small parks, pools and community spaces. Prices here typically cost between $400,000 and $475,000. The community is also known for its two mixed-use apartment developments in the neighborhood, The Hudson and Austin Square.
The A-rated Lewisville Independent School District serves Austin Ranch families. Students start at Tom Hicks Elementary, which earned an overall A grade on Niche, before filtering into Arbor Creek Middle, which also earned an A. Secondary students will attend Hebron High, which earned an A-plus on Niche. The school is known for its successful athletics program, with its volleyball team winning five state championships. Prestonwood Christian Academy is a private school that serves the neighborhood, earning an A+ rating from Niche.
Along Highway 121, residents can access many dining and retail options in various shopping centers. There are big box stores like Target, grocery stores like Kroger and several restaurants. Burning Rice is a build-your-own-bowl Korean restaurant, while Rockfish Seafood and Grill is an upscale surf-and-turf bistro perfect for date night. Less than a mile away, Grandscape Mall offers a movie theater, furniture stores, boutiques, coffee shops and breweries. There's also a pavilion with live music and seasonal holiday lights. Other gems in the neighborhood include The Shacks, a food hall with a dog-friendly patio and a dog park. Truck Yard Beer Garden has a ton of open, outdoor seating, live music and regular food trucks.
Highway 121 and Sam Rayburn Tollway borders Austin Ranch, connecting to Interstate 35 and I-635. Its position close to the highway makes it easy to commute to work or connect to the offerings of other Metroplex communities. Plano is about 15 miles from the community, while Dallas is 25 miles away and Fort Worth is 40 miles away. Several medical centers are nearby, including the neighborhood's Colony ER Hospital and Medical City Lewisville, 6 miles away. When residents need to travel outside the DFW Metroplex, Dallas-Fort Worth International Airport is only 15 miles from Austin Ranch.
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Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
