Explore lakeside living and distinctive neighborhoods near Plano, Texas.
The Colony is a lakefront community situated along the eastern shores of Lewisville Lake in the Dallas-Fort Worth metropolitan area. Located adjacent to Plano, this city offers convenient access to major employment centers and regional attractions while maintaining its own distinct character defined by waterfront recreation and diverse residential offerings.
The community features a mix of single-family homes, townhomes, and waterfront properties, with neighborhoods ranging from established subdivisions to newer master-planned developments. The presence of Lewisville Lake provides opportunities for boating, fishing, and water sports, with several marinas and parks offering lake access. The Grandscape development has brought retail, dining, and entertainment venues to the area, including outdoor gathering spaces and recreation options.
Major thoroughfares including State Highway 121 and the Dallas North Tollway provide connectivity throughout the region. The Colony's location offers proximity to both Plano's business corridors and the broader DFW area, with Dallas/Fort Worth International Airport accessible for regional and international travel. Local amenities include golf courses, sports complexes, walking trails, and community parks that take advantage of the area's natural setting.
The Colony's real estate market reflects its position as a lakeside community with convenient access to the broader Plano and Dallas-Fort Worth area. The market includes a range of property types, from waterfront homes with lake access to more traditional suburban neighborhoods, each appealing to different preferences and lifestyles.
Inventory levels and market activity can vary by season and by neighborhood, with lakefront properties often experiencing different market dynamics than inland subdivisions. The development of new retail and mixed-use projects in the area has continued to shape local interest and community growth.
Buyers considering The Colony typically weigh factors such as lake access, commute times to employment centers, and the variety of local amenities. Working with a local real estate professional familiar with the distinct neighborhoods and property types can help navigate the options available in this lakeside community.
The Colony is served by Lewisville Independent School District, which operates elementary, middle, and high schools throughout the area. Some portions of The Colony may fall within different attendance zones or districts. School assignments can vary by specific address and are subject to change, so prospective buyers are encouraged to verify current school zones and enrollment information directly with the school district or through official district resources.
Have general questions about buying in Texas? See our full FAQ
Where is The Colony?
The Colony is in Denton County on the east shore of Lewisville Lake, bordered by Frisco, Plano, Carrollton and Lewisville. SH 121 (the Sam Rayburn Tollway) runs along its southern edge, connecting to Plano, Frisco and DFW Airport.
Which school district serves The Colony?
Most of The Colony is in Lewisville ISD, with some areas zoned to Little Elm ISD. Confirm the district for the exact address.
Can I buy a home with lake access or a private dock?
Lewisville Lake's shoreline is mostly public land managed by the U.S. Army Corps of Engineers, so private docks and true waterfront lots are rare. Many homes are close to parks, marinas and boat ramps instead. We check the survey and any Corps boundary for homes near the water.
Do homes near the lake need flood insurance?
Some do, depending on the flood map. We check every home's flood zone and recommend getting an insurance quote during your option period.
What is Grandscape?
Grandscape is a large shopping, dining and entertainment destination anchored by Nebraska Furniture Mart. It has made The Colony a regional draw and brought many new restaurants close to home.
What kinds of homes are in The Colony?
Much of The Colony started as a planned community in the 1970s, so many homes date from the 1970s and 1980s, with newer neighborhoods, townhomes and lakeside communities added since. Prices are often lower than in Frisco or Plano next door.