Homes for sale in The Colony, TX
The Colony's median home price runs around $460,000 to $480,000 in 2026, with new construction closer to $580,000, usually pricing below Frisco and Plano. Most of the city is zoned to Lewisville ISD, with eastern sections in Little Elm ISD. It's known as the City by the Lake, anchored by Grandscape.
The Colony trades some of the polish of Frisco and Plano for a lower price point and a lake at your doorstep. Grandscape, The Tribute’s golf courses, and miles of Lewisville Lake shoreline are the draw, and I’ll help you sort the newer builds from the dated stock, since condition varies more here than in a uniform master-planned community.
Why people choose The Colony
- Grandscape, one of the largest mixed-use destinations in Texas, anchored by Nebraska Furniture Mart, Scheels, dining and entertainment
- The Tribute’s two championship, links-style golf courses along Lewisville Lake
- Hawaiian Falls waterpark, a summer favorite for families
- Miles of Lewisville Lake shoreline for boating, fishing and lakeside parks
- Strong value with quick Dallas North Tollway access
Run the numbers before you tour, find all my free calculators under Tools, including the mortgage, Texas property tax, and affordability calculators.
The Colony neighborhoods I know well
- The Tribute
- Austin Ranch
- Stewart Peninsula
- Established neighborhoods and newer builds near Grandscape
Typical price range: Around $460,000 to $480,000 (2026), new construction closer to $580,000
Schools: Most of The Colony is Lewisville ISD, with eastern sections in Little Elm ISD. The split matters for both schools and price, so I verify the exact zone for any home.
Landmark: Grandscape, one of the largest mixed-use entertainment and retail destinations in Texas
Frequently asked questions
Around $460,000 to $480,000 in 2026, with new construction running closer to $580,000. It usually prices below Frisco and Plano while putting the lake and Grandscape minutes away. I'll pull current numbers for the community you want.
Most of The Colony is Lewisville ISD, with eastern sections in Little Elm ISD. The split matters for both schools and price, so I verify the exact zone for any home.
Its identity as a city by the lake. Lewisville Lake shoreline, The Tribute golf, and Grandscape, one of the largest entertainment and retail destinations in the region. It is a lot of amenity for the price point.
Often, yes. It tends to price below Frisco and Plano while offering lake access, golf, and major amenities nearby. The tradeoff is a mix of older and newer housing stock, so condition varies more than in a uniform master-planned community. I'll help you sort the good from the dated.
Nearby communities
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