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.
Written By
DJ Stewart
Photography Contributed By
Robert Beary
Video By
Samantha Houtchens
Interested in learning more about homes in this area?
Reach out to
Bryan Fitzpatrick,
an experienced agent in this area.
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On average, homes in The Colony, TX sell after 59 days on the market compared to the national average of 56 days. The median sale price for homes in The Colony, TX over the last 12 months is $465,000, up 3% from the median home sale price over the previous 12 months.
HUGE PRICE REDUCTION AGAIN TO $320,000 TOUR ANYTIME BY APPOINTMENT. BUYERS-- BUILD YOUR WEALTH AND INVEST IN your own HOME. IT'S TIME TO BUY and FIVE AND ONE-HALF % INTEREST RATE IS POSSIBLE WITH ACCEPTABLE TERMS! PROFESSIONALLY COMPLETED UPDATES, REPAIRS, AND IMPROVEMENTS MAKE THIS HOME MOVE-IN READY. NEW FRONT DOOR WITH TEXAS STAR IN OVAL GLASS shows TEXAS PRIDE! INSIDE ARE PRETTY UPDATES AND
Completely reimagined and thoughtfully improved, this North Dallas Plano residence offers a rare opportunity to step into a home where the heavy lifting has already been done—allowing the next owner to simply enjoy, personalize, and build long-term value. Now priced at $1,024,000, the home represents one of the most compelling opportunities in the area for buyers seeking space, location, and
Located near Lake Lewisville in the gated community of The Shores at Waterstone, this upgraded Meritage Homes residence offers access to a pool, clubhouse, fitness center, trails, and playground. Enjoy nearby boating, fishing, golf, and shopping, with added upside from proximity to the future Grand Park. Designed for comfort and flexibility, all bedrooms are on the first floor, while the second
Welcome to this beautifully updated 4 bedroom, 2 bath home in the highly sought-after Stewart Peninsula, where open concept living meets an unbeatable lifestyle. From the moment you walk in, you’ll notice tall ceilings, abundant natural light, and a spacious open floor-plan designed perfectly for everyday living and entertaining. The heart of the home is the stunning chef’s kitchen featuring
Welcome to this inviting 3-bedroom, 1-bathroom home nestled in the highly sought-after community of The Colony. Designed with both comfort and functionality in mind, this home features an open-concept layout where the living, kitchen, and dining areas blend seamlessly—creating an ideal setting for everyday living, entertaining guests, or spending quality time with family. Natural light fills the
HUGE PRICE REDUCTION AGAIN TO $320,000 TOUR ANYTIME BY APPOINTMENT. BUYERS-- BUILD YOUR WEALTH AND INVEST IN your own HOME. IT'S TIME TO BUY and FIVE AND ONE-HALF % INTEREST RATE IS POSSIBLE WITH ACCEPTABLE TERMS! PROFESSIONALLY COMPLETED UPDATES, REPAIRS, AND IMPROVEMENTS MAKE THIS HOME MOVE-IN READY. NEW FRONT DOOR WITH TEXAS STAR IN OVAL GLASS shows TEXAS PRIDE! INSIDE ARE PRETTY UPDATES AND
Welcome to a beautifully updated and meticulously maintained home in the heart of The Colony. This property combines comfort, functionality, and extensive upgrades, making it truly move-in ready. Step inside this gorgeous home featuring new hardwood flooring throughout the downstairs, creating a warm and inviting atmosphere. The home also boasts carpet with extra padding upstairs for added
Completely reimagined and thoughtfully improved, this North Dallas Plano residence offers a rare opportunity to step into a home where the heavy lifting has already been done—allowing the next owner to simply enjoy, personalize, and build long-term value. Now priced at $1,024,000, the home represents one of the most compelling opportunities in the area for buyers seeking space, location, and
Located near Lake Lewisville in the gated community of The Shores at Waterstone, this upgraded Meritage Homes residence offers access to a pool, clubhouse, fitness center, trails, and playground. Enjoy nearby boating, fishing, golf, and shopping, with added upside from proximity to the future Grand Park. Designed for comfort and flexibility, all bedrooms are on the first floor, while the second
Welcome to 2700 Castlebridge in desired Waterford Point - The Tribute Community. This stunning Waycroft floor plan offers 3 spacious bedrooms, 3.5 baths, and a rare 3-car garage, perfectly blending functionality with modern elegance. Step inside to an open-concept layout designed for both everyday living and entertaining. The upgraded kitchen is the centerpiece of the home, featuring premium
Welcome to your dream home at 8365 Western in the stunning Tribute Lakeside Golf and Resort Community! This contemporary home offers an impressive 3,910 square feet of living space on a massive 60 foot corner lot, designed for both comfort and style. Step inside to discover a spacious layout featuring four generously sized bedrooms and four and a half luxurious bathrooms, perfect for
Experience modern luxury in this stunning Mainvue home in West Frisco. Designed with high ceilings and abundant windows, natural light floods every corner of the open floor plan. The sleek kitchen includes a large island, gas stove, and an eat-in dining area, ideal for casual meals. A separate dining room adds elegance for formal gatherings. The living room, with its cozy fireplace, flows
Beautifully maintained home nestled on a quiet cul-de-sac in the desirable Ridgepoint subdivision of The Colony! This inviting open-concept floor plan is perfect for everyday living and entertaining. The spacious kitchen features a chef-style gas range, abundant cabinetry, and appliances that convey with the home. The private first-floor primary suite offers a relaxing retreat with a luxurious
Single-story ranch-style home featuring 3 bedrooms and 2 bathrooms. Open Floorplan with Living area at entrance with stone faced wood burning fireplace as focal point leading into the dining and kitchen. The updated kitchen offers granite countertops, a center island, and custom display cabinetry perfect for both everyday living and entertaining. Hardwood flooring runs throughout the main living
Huge Price Adjustment for THE ONLY 3-CAR GARAGE in the neighborhood — and That's Just the Beginning.This is the one you've been waiting for in Legend Crest and with this new price, it's a bargain. Freshly transformed with a complete makeover — new paint throughout in clean, modern tones and brand-new carpet in all three bedrooms — this home is move-in ready and unlike anything else currently
AVAILABLE 06.01.26! Discover elevated comfort in this FULLY FURNISHED rental, thoughtfully designed for traveling professionals and insurance housing clients. Short-term lease options are available. This beautifully updated residence offers a spacious open floor plan with 4 bedrooms, 2 full bathrooms, and an impressive outdoor oasis featuring a resort-style pool and heated spa. The interior
Beautiful and inviting 3-bedroom, 2-bath home offering 1,818 sq. ft. of comfortable living space. This well-maintained property features an open and functional layout with spacious living areas and plenty of natural light. The kitchen flows seamlessly into the dining and living spaces, making it perfect for everyday living and entertaining. The primary suite includes a private bath and ample
Stunning high ceiling home with 3 bedrooms and 1 bath, granite kitchen countertops and new paint with new floors. clean and ready to move Backyard with a wood fence.
Beautiful 2 bedroom 1 bath duplex in a well-established neighborhood in the Colony, the home is ready for Move-in and its close by restaurants and shopping centers. Come See it today.
Charming one story home in The Colony featuring 3 bedrooms 2 full bathrooms and a spacious open living area. Kitchen offers granite countertops with a cooktop island that opens to the living room creating a great flow for everyday living and entertaining. Living room includes a wood burning fireplace and plenty of natural light. Primary bedroom offers comfortable space with ensuite bath.
NEW SINGLE FAMILY HOMES! Discover a new realm of luxurious living in the Tribute's newest community, where contemporary design meets unparalleled comfort. Nestled in the heart of a vibrant community, these brand new single-family homes redefine urban living with their thoughtful architecture and upscale amenities. This home showcases sleek, modern architecture that seamlessly blends with the
Experience modern luxury redefined in this stunning Castle Hills residence, where sophistication meets comfort in every detail. This beautifully designed home features an open-concept layout perfect for both entertaining and daily living. A dedicated home office provides privacy for productivity, while the spacious media room—complete with a sleek wet bar—sets the stage for unforgettable movie
BRAND NEW! Discover a new realm of luxurious living in the Tribute's newest community, where contemporary design meets unparalleled comfort. Nestled in the heart of a vibrant community, these brand new single-family homes redefine urban living with their thoughtful architecture and upscale amenities. This home showcases sleek, modern architecture that seamlessly blends with the surrounding
BRAND NEW! Discover a new realm of luxurious living in the Tribute's newest community, where contemporary design meets unparalleled comfort. Nestled in the heart of a vibrant community, these brand new single-family homes redefine urban living with their thoughtful architecture and upscale amenities. This home showcases sleek, modern architecture that seamlessly blends with the surrounding
Welcome to an updated home in The Colony, TX 75056, offering a perfect blend of modern luxury and timeless charm. This beautifully renovated property features three spacious bedrooms, two bathrooms, and an open concept living space that seamlessly flows into the kitchen, equipped with stainless steel appliances and granite countertops. The generously sized private backyard and patio create an
Warm and welcoming this beautiful home rests on a corner lot with added privacy. This delightful home has soaring ceilings with bamboo wood floors in the family room and filled with an abundance of natural light from wall windows. This home boasts two large bedrooms with its own bath & huge closet space. Kitchen is clean and well kept with lots of cabinet and counter space for all your cooking
NOW LEASING - Experience luxury living in the lifestyle destination that is Grandscape. As the first residential high-rise in The Colony, Live Grandscape offers a stunning exterior, an array of exceptional amenities, and an ideal location. Our contemporary apartment homes come equipped with top-of-the-line finishes including quartz countertops, designer cabinetry, and stainless steel appliances.
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.
