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The Colony

The Colony

Located in Denton County

$481,841 Average Value
$315 Average Price per Sq Ft
36 Homes For Sale

Lakeside city with major attractions

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.
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.
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.
Residents of The Colony can get their shopping done at Target.
Nothing quite like a family adventure at Grandscape.
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 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.
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.
Single family brick homes sit on well-maintained lawns.
New subdivisions pop up frequently in The Colony.
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.
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.
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.
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.
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.
Windmills is a microbrewery and international eatery offering live music in Austin Ranch.
Commercial businesses are located throughout The Colony.
Commercial businesses are located throughout The Colony.
The Colony locals can make a short trip to Stonebriar Centre Mall to browse all the shops.
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.
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.
Residents of The Colony eagerly anticipate the festivals and concerts held regularly.
Families gather for fun at many event sessions in The Colony.
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.
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.
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.
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.
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.
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.
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.

DJ Stewart
Written By
DJ Stewart
Robert Beary
Photography Contributed By
Robert Beary
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Samantha Houtchens

Interested in learning more about homes in this area? Reach out to Jonathan Darias, an experienced agent in this area.

Agents Specializing in this Area

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Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology

The Colony Housing Trends

Housing Trends

Median List Price
$850,000
Median Sale Price
$834,632
Median Single Family Sale Price
$899,900
Median Townhouse Sale Price
$822,748
Median Change From 1st List Price
0%
Last 12 months Home Sales
177
Median Home Sale Price YoY Change
21%
Average Price Per Sq Ft
$315

Neighborhood Facts

Number of Homes in Neighborhood
12,633
Number of Homes for Sale
36
Median Year Built
1987
Months of Supply
2.40
Average Single Family Home Size Sq Ft
2,153
Above the national average
1,924
Average Townhouse Size Sq Ft
1,914
Average 2 Bedroom Size Sq Ft
1,461
Average 1 Bedroom Size Sq Ft
1,048
Median Lot Size Sq Ft
6,969

Open Houses

  • Saturday, Aug 2
    Open Sat 1PM - 4PM

    4520 N Shore Dr, the Colony, TX 75056

    $555,000

    • 4 Beds
    • 2.5 Baths
    • 2,364 Sq Ft
    • 4520 N Shore Dr
    • New 20 days ago

    Welcome to your dream retreat with breathtaking views of Lake Lewisville! This custom-built two-story home is the perfect blend of timeless charm and modern upgrades, offering peaceful lakeside living just minutes from the world-class shopping, dining, and entertainment of Grandscape.Step inside to find wood-like tile floors, granite countertops, a stunning upgraded tile backsplash, and

    Agent Photo
    Lori Miller
    Fathom Realty LLC
    (214) 997-2738
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  • Saturday, Aug 2
    Open Sat 1PM - 3PM

    5829 Cypress Cove Dr, the Colony, TX 75056

    $539,000

    • 4 Beds
    • 2.5 Baths
    • 3,032 Sq Ft
    • 5829 Cypress Cove Dr

    Welcome to this gorgeous 4-bedroom, 2.5-bath corner-lot home in the highly desirable Stewart Peninsula. Nestled near Lake Lewisville and within walking distance to a scenic golf course, this residence offers a blend of comfort, fun, and unbeatable location. The flowing floor plan boasts high ceilings throughout and comes with appliance upgrades: NEW electric tankless water heater 2025 & NEW

    Agent Photo
    Glenda Fabregas
    Monument Realty
    (469) 205-9449
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  • 3616 Millbank, the Colony, TX 75056

    $1,550,000

    • 4 Beds
    • 3.5 Baths
    • 3,560 Sq Ft
    • 3616 Millbank

    LAKEVIEW! Discover the perfect blend of luxury and comfort at 3616 Millbank in The Colony, TX. This stunning 4-bedroom, 3.5-bathroom home offers breathtaking lake views, perfect for those who love serene settings right from their doorstep. Step inside to be greeted by vaulted ceilings and a cozy fireplace, creating a warm and inviting atmosphere. The chef's kitchen is a culinary dream, featuring

    Agent Photo
    Jansen Klefeker
    Compass RE Texas, LLC
    (469) 423-9730
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Homes for Sale

Homes for Rent

Distribution of Home Values

Source: Public Records

Average Home Value





Source: Public Records

Neighborhoods in The Colony

Property Mix - Square Feet

The Colony Has More Owners

Demographics

Total Population
50,403
Median Age
39
Population Density
163 ppl/acre
Population under 18
21.8%
On par with the national average
23.8%
Population over 65
12.6%
Below the national average
19.1%

Finances

Median Household Income
$105,434
Significantly above the national average
$71,702
Average Household Income
$126,493

Education and Workforce

High School Graduates
95.6%
College Graduates
46.2%
Above the national average
34.1%
Advanced Degrees
13.1%
% Population in Labor Force
79.7%
Above the national average
65.1%

Weather

Annual Precipitation
39''
Average Winter Low Temperature
37°F
Average Summer High Temperature
97°F
Annual Snowfall
1''

Area Factors

Somewhat Bikeable

Bike Score®®

27 / 100

Car-Dependent

Walk Score®®

30 / 100
Source: Walk Score
Source: Walk Score

Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.

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.
The Colony