
Lake town, Grandscape address.
Living in The Colony, Texas
The Colony puts 23 miles of Lewisville Lake shoreline and Grandscape inside one Denton County city.
Call or text 469-827-7672 · same-day response
Why The Colony
Denton County
The Colony started in 1973, when developer Fox and Jacobs bought land near SH 121 and FM 423, and the first families moved in by October 1974. Today it is a city of about 47,300 people (NCTCOG, January 2025) on the east shore of Lewisville Lake. It borders Plano, Frisco and Little Elm, and Grandscape has turned its SH 121 frontage into a regional shopping and entertainment stop.
Here is the lesson I give clients first: in The Colony, the school district line changes your monthly cost. The Tribute is in Little Elm ISD while most of the city is in Lewisville ISD, and in tax year 2025 that difference added roughly $480 a year on a $450,000 home. Homes went from listing to contract in a median of 35 days over the last six months, so get pre-approved and decide which side of that line you want before you start touring.
Life in The Colony


Photos via Wikimedia Commons. Austin Ranch: JHP, CC BY-SA 3.0 · Ridgepointe Park: Kevin Payravi, CC BY-SA 4.0
The numbers
Schools, taxes, commute
Most of The Colony is served by Lewisville ISD, which feeds The Colony High School. The Tribute is served by Little Elm ISD, with Prestwick STEM Academy (opened in 2014) and Strike Middle School (opened August 2020) inside the community. Boundaries follow the address, not the city name, so confirm zoning with the district before you write an offer.
For tax year 2025 the combined rate on a typical home was about 1.93% in Lewisville ISD (city 0.63, Denton County 0.185938, LISD 1.1178) and about 2.04% in the Little Elm ISD part of town. On a $450,000 home that is roughly $725 to $765 a month before homestead exemptions. For 2026 the city adopted $0.6275 per $100, and The Colony EDC lists 2026 combined totals of 1.89% (LISD) and 2.04% (Little Elm ISD).
| Legacy West, PlanoSH 121 (Sam Rayburn Tollway), approx. off-peak | 10-15 min |
| The Star, FriscoSH 121 and Dallas North Tollway, approx. off-peak | 15-20 min |
| DFW AirportSH 121, approx. off-peak | 20-25 min |
| Downtown DallasDallas North Tollway, approx. off-peak | 30-35 min |
Where The Colony sits
Drive times, schools and shopping around it. Ask me for a tour of the area.
Being built now
A 155,000 sq ft warehouse with a gas station at Spring Creek Parkway and Grandscape Boulevard, approved by council on Sept. 16, 2025. It was scheduled to open in October 2026, per FOX 4 (Sept. 2026).[9]
Under construction at Grandscape, with a grand opening expected in late fall 2026 and about 70 jobs (June 2026 report).[11]
JPI is building a 277-unit, five-story community at 5500 Nebraska Furniture Mart Drive. Move-ins are expected to begin in January 2028.[12]
A planned 44-acre second phase, with a grocer and soft goods retailers under consideration (D CEO, Nov. 2025).[8]
A state permit lists a $4 million buildout of the former Rock & Brews space, July 2026 to April 2027. The company had not confirmed the plans when this was reported.[13]
Storm drain replacement near Paige Road began Sept. 23, 2026, with completion expected at the end of November 2026, weather permitting.[4]
Where to look in The Colony
Settling in to The Colony
Power to Choose lists both Oncor and Texas-New Mexico Power (TNMP) as delivery utilities in ZIP 75056, so check your address there and then choose a retail plan.[21]
Start water service with the City of The Colony's residential application, a copy of your driver license and your title papers or lease; the deposit is $75 for buyers or $150 for renters, plus a $20 application fee, and 24 hours' notice is required. Republic Services collects trash and recycling.[22]
Once you own and live in the home, file the residence homestead exemption with the Denton Central Appraisal District. It is free and you never need to pay a company to do it. Denton CAD takes applications online through its website.[24]
Lewisville ISD: new families enroll online through the district's New Family Enrollment page, and its School Locator confirms the campus for your address. Parts of the city are zoned to Little Elm ISD, so check the address before you fall in love with a house.[25]
Register your vehicle with the Denton County Tax Assessor-Collector (main office 1505 E. McKinney St., Denton). Texas DMV gives new residents 30 days to register, and this is an emissions county, so pass a state inspection first. For your license, nearby DPS offices include Lewisville (400 N. Valley Pkwy.) and the Carrollton Mega Center (4600 State Hwy. 121) (appointments required); DPS lets you drive on a valid out-of-state license for up to 90 days after moving.[27]
Before you buy or sell
What I check before an offer in The Colony, and every neighborhood side by side, is on the The Colony buyer page.
How homes here are pricing, and what buyers will check on yours, is on the seller page.

See what clients say.
Read reviews from buyers, sellers and renters on Google, then ask me anything. I answer the same day, in English or Spanish.
Questions people ask about The Colony
Which school district is The Colony in?
What are property taxes in The Colony?
How long does it take to sell a home in The Colony?
How much do homes cost in The Colony?
Is The Colony a good place to live?
Is there new construction in The Colony?
Your realtor in The Colony
Buying or selling in The Colony means knowing more than the city average. Homes here can fall in Lewisville ISD or Little Elm ISD; combined 2025 tax rates run about 1.93% to 2.04% depending on the address, and communities like Austin Ranch, Grandscape District, Stewart Peninsula and The Tribute each behave like their own market.
As your The Colony realtor I verify the school zoning, the full tax rate and any HOA, MUD or PID for every home before you write an offer, and I bring more than ten years of construction and remodeling experience to every inspection and pricing decision. I work from Formation at The Star in Frisco and help clients in English and Spanish.
New listings in The Colony, straight from the MLS
Albert sets up an MLS search with your price range, and new homes reach you the day they hit the market, with photos, price and history. Your number stays with Albert.
Thinking about The Colony?
Tell me what you're looking for and I'll come to the conversation prepared. Same-day response.
- The Colony, TX housing market (Resideline Market Watch, updated Oct 3, 2026), 2026-10
- 2025 DFW Tax Rates (Republic Title), 2026-10
- The Colony Economic Development Corporation: schools and 2026 adopted tax rates, 2026-10
- City of The Colony news: City Council lowers tax rate, adopts 2026-27 budget; North Colony Blvd drainage, 2026-10
- Lewisville ISD adopts 2025-26 budget and tax rate, 2026-10
- 2025 NCTCOG Population Estimates, 2026-10
- U.S. Census Bureau QuickFacts: The Colony city, Texas, 2026-10
- Inside SRS Real Estate Partners' plan to shape Grandscape's retail future (D CEO, Nov 2025), 2026-10
- Costco to open a new North Texas location in October (FOX 4, Sept 2026), 2026-10
- Costco officially under construction at Grandscape (Grandscape, Jan 2026), 2026-10
- White Castle breaks ground on first Texas location (Trade & Industry Development, June 2026), 2026-10
- JPI building rental community in The Colony (Connect CRE, Apr 2026), 2026-10
- Yard House taps The Colony for $4 million Grandscape buildout (Hoodline, Mar 2026), 2026-10
- Austin Ranch master-planned community (Billingsley Company), 2026-10
- Golf Courses (City of The Colony), 2026-10
- The Colony Visitor Guide (Visit The Colony), 2026-10
- Adeline at The Tribute: community overview (Perry Homes), 2026-10
- The Colony High School bond projects (Lewisville ISD), 2026-10
- The Colony, Texas (Wikipedia: history and schools), 2026-10
- Little Towns With Big Appeal: The Colony (Bisnow, 2017), 2026-10
- Power to Choose (Public Utility Commission of Texas), plans and delivery utility by ZIP, 2026-10
- City of The Colony, Utility Administration Residential, 2026-10
- City of The Colony, Environmental Services (Republic Services), 2026-10
- Denton Central Appraisal District, Homestead Exemptions (apply online, no fee), 2026-10
- Lewisville ISD, New Family Enrollment (School Locator), 2026-10
- Lewisville ISD, School Locator, 2026-10
- Texas DMV, New to Texas (30 days to register; emissions counties), 2026-10
- Texas DPS, Moving to Texas (drive on out-of-state license up to 90 days), 2026-10
- Texas DPS, Driver License Office Locations search (by county), 2026-10
- Texas DMV, Denton County Tax Office contact, 2026-10
Figures change. Verify school zoning, tax rates and HOA or MUD fees for any specific address before you buy. Albert does this on every home he shows.