3016 Speyburn, The Colony
214-384-9164
Real Estate Company
By Steve and Julie Airheart, Denton County REALTORS with the Airheart Realty Team, brokered by Fathom Realty. Updated October 31, 2026.
The Colony is a city of about 44,500 people (2020 census) in southeast Denton County, on the eastern shore of Lewisville Lake between Lewisville and Frisco. It began in 1973, when developers Fox and Jacobs bought about 3,000 acres near SH 121 and FM 423; the first families moved in in 1974, the city incorporated in 1977, and it merged with the lakeside community of Eastvale in 1987. With about 23 miles of shoreline inside city limits, it calls itself the "City by the Lake," and today it's also home to the Grandscape entertainment district and The Tribute golf community.
About 155 homes are listed in The Colony, from about $170,000 to $2.3 million. The average list price is about $628,000, for roughly 2,550 square feet at about $239 per square foot. For single-family homes, about 49 are priced under $400,000, about 53 are between $400,000 and $700,000, and about 42 are over $700,000, many of those in The Tribute. Live MLS data as of October 31, 2026; see The Colony market report for current numbers.
Based on recent listings:
Lewisville ISD serves most of The Colony, including The Colony High School, and part of the city is in Little Elm ISD. Check the district for any address you're considering; we'll confirm it for you.
Grandscape is The Colony's shopping and entertainment district, anchored by Nebraska Furniture Mart, a 560,000-square-foot store that opened in 2015, plus restaurants and live events. Hawaiian Falls waterpark is a summer favorite. On the lake, Stewart Creek Park covers 65 acres with swimming, a boat ramp, fishing, camping and picnic areas, and the Shoreline Trail follows the water for about 3.5 miles. Golfers have the two courses at The Tribute.
The Sam Rayburn Tollway (SH 121) runs along the south side of the city, with quick access to Frisco, Plano, Lewisville and DFW Airport, and FM 423 (Main Street) runs north and south through town toward Little Elm and US 380.
For buyers who want Lewisville Lake, a central spot on SH 121 between Frisco and Lewisville, and options from 1970s starter homes to lakeside golf homes, yes.
Mostly Lewisville ISD, including The Colony High School. Part of the city is in Little Elm ISD.
As of October 2026, list prices in The Colony average about $628,000, at about $239 per square foot. About 49 single-family homes are listed under $400,000.
Yes. About 23 miles of Lewisville Lake shoreline are inside city limits, with lake access at Stewart Creek Park and along the Shoreline Trail.
Thinking about buying or selling in The Colony?
Call Steve at 214-384-9164 or Julie at 214-536-5959, send us a message, get your home value, or see The Colony market report.

Listings provided by North Texas Real Estate Information Systems (NTREIS). Listing data has been deemed reliable but is not guaranteed to be accurate by the MLS.
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