City by the Lake

Condos & Apartments in The Colony, TX

Welcome to The Colony, a Denton County lakeside city on Lake Lewisville, known for its parks, Grandscape entertainment district, and Lewisville ISD schools.

The Colony is a city in Denton County, Texas, positioned along the eastern shore of Lake Lewisville in the northern Dallas-Fort Worth metroplex. Bordered by Lewisville to the west, Carrollton to the south, and Plano and Frisco to the east, it occupies a central location in one of the region's fastest-developing corridors. Its population was 44,534 in the 2020 census, and the city brands itself the "City by the Lake," reflecting its defining geographic feature. The name traces to the Peters Colony, a mid-19th-century land-grant settlement that covered much of North Texas. The modern city was incorporated in 1977 and later absorbed the small lakeside community of Eastvale. Lake Lewisville itself took shape in the 1950s, when the U.S. Army Corps of Engineers built the dam that created the reservoir, and the lake has shaped The Colony's recreation and identity ever since. Today The Colony blends established neighborhoods with newer development, anchored commercially by Grandscape, one of the largest mixed-use projects in the region, home to Nebraska Furniture Mart and a broad collection of restaurants, retail, and entertainment. That development, along with the lakefront and the city's park system, gives The Colony a self-contained quality unusual for a mid-sized suburb. The city is notable for its open space, with more than 20 parks and thousands of acres of parkland, including the lakefront Stewart Creek Park, a shoreline trail system, and a dedicated dog park. Lewisville ISD serves the community, including The Colony High School. With Frisco's employment and retail just across the city line and Dallas reachable via the Sam Rayburn Tollway and Dallas North Tollway, The Colony offers lakeside living with strong commuter access across North Texas.

Population 46,496
County Denton
Active Listings 280

Frequently Asked Questions

What county is The Colony in?

The Colony is a city in Denton County, Texas, and a suburb of Dallas. It sits on the eastern shore of Lake Lewisville, bordered by Lewisville, Carrollton, Plano, and Frisco.

Why is it called The Colony?

The name refers to the Peters Colony, a mid-19th-century land-grant settlement that covered much of North Texas. The modern city was incorporated in 1977 and later absorbed the small lakeside community of Eastvale.

What school district serves The Colony?

The Colony is served by Lewisville Independent School District, which operates The Colony High School and several elementary and middle schools in the city. Private and charter options are available in the surrounding area.

What is Grandscape?

Grandscape is a large mixed-use development in The Colony, anchored by Nebraska Furniture Mart and featuring restaurants, retail, entertainment, and public gathering space. It is one of the largest such projects in North Texas and a regional destination.

What is there to do outdoors in The Colony?

Residents enjoy boating, fishing, and lakefront recreation at Stewart Creek Park on Lake Lewisville, plus more than 20 city parks, a shoreline trail system, and a dog park. The Lewisville Lake Environmental Learning Area offers nearby hiking and wildlife viewing.

MARKET SNAPSHOT

The Market at a Glance

How homes have been selling here over the last 90 days.

home_work New This Week 14
Went Under Contract 0
trending_down Price Reductions 0
payments Median Sale Price $439,450 -9.4%
square_foot Price per Sq Ft $224
schedule Avg Days on Market 54
sell Homes Sold 144
percent Sale-to-List Ratio 100.0%
inventory_2 Months of Inventory 3.9

Price & Sales History

Market data reflects closed sales over the last 90 days and is provided for informational purposes.

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