Multi-Family Homes & Duplexes for Sale in The Colony, TX

The Colony, TX, is a lakeside city situated along the southeastern shore of Lewisville Lake, less than 30 miles from Dallas. Known for its major attractions, The Colony is home to Grandscape, a 400-acre shopping, dining, and entertainment destination featuring a 300-foot Ferris wheel, go-kart venue, mini golf courses, and live music stage. The city also boasts Stewart Creek Park and Hidden Cove Park, offering swimming, fishing, boat rentals, and sports areas. The Tribute community, set on a peninsula, includes waterfront properties, golf courses, and hiking trails. Other residential areas include Legends and Austin Ranch, with townhouses and apartments near Arbor Hills Nature Preserve. The Colony hosts year-round events such as the Christmas Spectacular and American Heroes celebration. Students attend highly rated schools in the Lewisville Independent School District and Little Elm High School. The Sam Rayburn Tollway connects residents to DFW International Airport and downtown Dallas. Crime rates in The Colony are about half those of the state, making it safer than the national average. However, homes near Lewisville Lake are prone to flooding, and the city experiences excessive summer heat and potential tornadoes.