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.
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.
