Where genuine Lewisville Lake living and A-rated schools sit minutes from Frisco, the same lake, the same district, for roughly $200K less than the address next door

North Texas Market Insider™ · The Colony Neighborhoods

Lakefront Golf, Lake Peninsulas and Two School Districts

The Colony is a Denton County lake city of 44,534 (2020 census), estimated at 46,196 in 2025, with a typical home value near $406,000. Most of the city is in Lewisville ISD, but The Tribute is in Little Elm ISD. Here are 8 areas with dated price context.

Northwest · FM 423 and SH 121

The Tribute

Builder pricing to about $1.23M

A lakefront golf community bordered by Lewisville Lake on three sides, inside The Colony’s city limits.

Zillow’s typical value was about $761,000. 2026 builder pricing for Britton’s 60-foot lots ran about $1.09 million to $1.23 million; one source lists Perry homes from about $609,000, while another shows that section sold out. HOA dues run about $1,320 a year by one source. Amenities include two golf courses, a pool, splash park and clubhouse. No PID was identified. Little Elm ISD.

  • Lakefront golf
  • City limits
  • Little Elm ISD
The Tribute

Tribute Townhomes

From the low $500s

Townhome sections such as Grenadier and Chelsea Green inside The Tribute.

Listings ran from the low $500,000s in 2026, and one Enfield townhome was reduced from about $573,000 to $499,900. Residents share The Tribute’s amenities. Little Elm ISD.

  • Townhomes
  • Tribute amenities
  • Little Elm ISD
Southeast · Near Windhaven Pkwy.

Austin Waters

Zillow typical near $782K

A Meritage-built section of the Austin Ranch area, with homes built from about 2008 to 2018.

Zillow’s typical value was about $782,000. HOA dues run about $1,250 to $1,380 a year by source, with a clubhouse, pool and trails. Some addresses in the area read Carrollton, so confirm the city by address. Lewisville ISD.

  • Resale
  • Clubhouse
  • Lewisville ISD
Lake peninsula · Sparks Rd.

Stewart Peninsula

Median near $479K to $520K

A Lewisville Lake peninsula next to Stewart Creek Park with homes near the water.

Redfin put the median sale price near $479,000 in April 2026; Zillow’s typical value was about $520,000. The Heights section has its own HOA; dues weren’t confirmed. Stewart Creek Park charges a vehicle fee without an annual pass. Lewisville ISD; confirm by address.

  • Near the lake
  • Resale
  • Lewisville ISD
Central · Stone Mountain Rd.

Cascades at The Legends

About $330K to $500K

A central neighborhood off Stone Mountain Road, with streets such as Copper Canyon and Big River.

2026 listings ran about $330,000 to $500,000, and Zillow’s typical value for The Legends area was about $475,000. The Legend Bend HOA covers the area; dues weren’t confirmed. Some sites mislabel it “Cascades at The Tribute.” Lewisville ISD; confirm by address.

  • Resale
  • Central
  • Lewisville ISD
Original city · 1970s

Northpointe

Zillow typical near $415K

Listing sources describe it as part of the original 1970s Fox and Jacobs development that became The Colony.

Zillow’s typical value was about $415,000, among the lower price points in the city. HOA status wasn’t confirmed. Older homes mean inspections matter. Lewisville ISD.

  • Established
  • Resale
  • Lewisville ISD
Lakeshore Blvd.

Ridgepointe

Resale; prices vary

An established lakeside area near the Shoreline Trail trailhead at 5100 Lakeshore Boulevard.

Recent prices and HOA status weren’t confirmed; check current listings. The Shoreline Trail runs along Lewisville Lake. School district wasn’t confirmed; check by address.

  • Near the trail
  • Resale
  • Check the district
Lake peninsula

Wynnwood Peninsula

Zillow typical near $744K

A lake peninsula area, including Wynnwood Haven Estates.

Zillow’s typical value was about $744,000. Sales are few, so values swing. HOA, special-district status and school district weren’t confirmed; check the appraisal record.

  • Lake peninsula
  • Few sales
  • Check the district

Swipe or drag sideways to see them all.

The price picture

Zillow’s typical home value was about $406,000 in June 2026, down 4.0 percent from a year earlier.

Redfin’s August 2026 median sale price was about $443,000, with a median of 44 days on market.

The payment, not the price

The city’s 2026 rate is $0.6275 per $100, a quarter-cent cut. With Lewisville ISD ($1.0778) and Denton County ($0.183394), the combined rate is about $1.89 before exemptions.

The city raised its homestead exemption to 5 percent or $5,000.

Two school districts

Most of The Colony is in Lewisville ISD, while The Tribute is in Little Elm ISD, which has a higher 2026 rate ($1.2252).

Some Austin Ranch addresses read Carrollton. Check every address.

Growth

The Colony counted 44,534 residents in 2020; the Census Bureau estimated 46,196 for July 2025.

Grandscape added several openings in 2026, with a Costco and a White Castle under construction.

The Colony is a city in Denton County on Lewisville Lake, along SH 121 and Main Street (FM 423). It counted 44,534 residents in the 2020 census; the Census Bureau estimated 46,196 for July 1, 2025. Area names follow developer and subdivision names, and boundaries are approximate. A mailing address doesn’t establish the city, school district or special district: The Tribute is in Little Elm ISD, and some Austin Ranch addresses read Carrollton. Confirm everything by address with Denton CAD. Price figures are dated 2026 snapshots from builder pricing, Zillow, Redfin and listing sites; they are context, not values. Builder sources conflict on whether The Tribute’s Perry section is sold out. HOA dues are from listing sites and conflict for The Tribute and Austin Waters. No PID was identified for The Tribute; the city’s 2014 tax increment financing zone there isn’t a homeowner assessment. Ridgepointe, Wynnwood Peninsula and the HOAs for Stewart Peninsula, Cascades and Northpointe weren’t confirmed. The combined rate uses the city’s adopted 2026 rate and 2026 Lewisville ISD and Denton County rates; exemptions vary. School districts are listed at the district level only. Bobby Franklin, REALTOR®, TREC #0805459, Legacy Realty Group – Leslie Majors Team.

North Texas Market Insider™ · Eat & Shop

Grandscape, Main Street and a Lake Trail

The Colony’s food and fun center on Grandscape, with new 2026 openings and a Costco and White Castle on the way, plus coffee and local spots on Main Street and parks on Lewisville Lake. Here’s a 2026-checked list of 18.

District · SH 121Open now

Grandscape

  • Restaurants
  • Shopping
  • Entertainment

5752 Grandscape Blvd.

A dining, shopping and entertainment district anchored by Nebraska Furniture Mart and Scheels.

2026 openings include TOCA Social, PopStroke Surf Lounge, Mavericks Dance Hall and The Rustic.

Restaurant & Music · GrandscapeOpened 2026

The Rustic

  • Live music
  • Dining

5805 Grandscape Blvd.

A restaurant and live-music venue that opened in summer 2026.

Entertainment · GrandscapeOpened 2026

TOCA Social

  • Soccer games
  • Dining

5740 Grandscape Blvd., Ste. 110

The first U.S. TOCA Social, pairing interactive soccer games with food and drinks, opened March 6, 2026.

Café · Main St.Since 2012

The Colony Cafe

  • Breakfast
  • Lunch

4181 Main St., Ste. 700

A local breakfast and lunch café on Main Street, open since 2012.

Bakery & Coffee · Main St.Bakery

Paris Baguette

  • Pastries
  • Coffee

5101 Main St., Bldg. B

A bakery café with pastries, cakes and coffee.

Coffee · Destination Dr.Opens 6 a.m.

151 Coffee

  • Coffee
  • Drive-thru

4580 Destination Dr.

A coffee shop near Grandscape, open 6 a.m. to 8 p.m.

Coffee · Main St.Drive-thru

Dutch Bros

  • Coffee
  • Drive-thru

4842 Main St.

A drive-thru coffee stand on Main Street.

Whiskey Bar · Main St.Whiskey

The Rackhouse

  • Whiskey bar

4847 Main St.

A whiskey bar on Main Street.

Mini Golf · GrandscapeOpened 2026

PopStroke Surf Lounge

  • Mini golf
  • Drinks

Grandscape

A mini golf and lounge concept that opened March 5, 2026.

Home · GrandscapeAnchor store

Nebraska Furniture Mart

  • Furniture
  • Electronics

5600 Nebraska Furniture Mart Dr.

Grandscape’s anchor, a furniture, appliance and electronics store.

Outdoor · Destination Dr.Café inside

Scheels

  • Sporting goods
  • Café

4450 Destination Dr.

A large sporting goods store with Ginna’s Café inside.

Grocery · SH 121In town

Walmart Supercenter

  • Grocery
  • Pharmacy

4691 SH 121

A Walmart Supercenter on SH 121.

Park · Lewisville LakeVehicle fee

Stewart Creek Park

  • Lake
  • Day use

3700 Sparks Rd.

A Lewisville Lake park on the Stewart Peninsula; the city charges a vehicle fee without an annual pass.

Trail · Lakeshore Blvd.Free

Shoreline Trail

  • Trail
  • Lake views

5100 Lakeshore Blvd.

A lakeside trail along Lewisville Lake, with a trailhead on Lakeshore Boulevard.

Water Park · Paige Rd.Seasonal

Hawaiian Waters The Colony

  • Water park

4400 Paige Rd.

The former Hawaiian Falls, now Hawaiian Waters; closed for the season after its 2026 summer run.

Entertainment · GrandscapeGo-karts

Andretti

  • Go-karts
  • Arcade

5752 Grandscape Blvd., Ste. 100

An indoor entertainment center with karting, games and dining.

Warehouse Club · GrandscapeUnder construction

Costco

  • Grocery
  • Fuel

Grandscape

A 155,000-square-foot Costco with a gas station, targeted for October 2026 after slipping from summer.

Fast Food · GrandscapeUnder construction

White Castle

  • Burgers

Grandscape

The first White Castle in Texas, 3,430 square feet with about 70 jobs; ground broke June 2, 2026, with opening now set for late fall.

How to read this list

The Colony’s dining and entertainment center on Grandscape off SH 121, with local spots and coffee along Main Street (FM 423).

No H-E-B was found inside the city, and the Kroger at 6805 Main St. has closed.

Compiled October 2026. Listings are from the City of The Colony, Grandscape, business websites, Yelp, Community Impact, The Dallas Morning News and 2026 local guides, and were not confirmed with owners; call ahead to confirm hours and that a business is still open. Several restaurants with weak 2026 evidence weren’t listed. PopStroke, Costco and White Castle have no confirmed street address and are listed at Grandscape. The Kroger at 6805 Main St. is permanently closed, and the Tom Thumb on FM 423 may carry a Frisco address. Meow Wolf and Hop & Sting are in Grapevine, not The Colony. Hawaiian Waters is seasonal. Costco and White Castle are under construction, and dates have already slipped. Businesses listed are for general local reference and are not endorsements; I receive no compensation from any business named. Bobby Franklin, REALTOR®, TREC #0805459, Legacy Realty Group – Leslie Majors Team.

Historic Roots That Drive Modern Community

The Story of The Colony

From Peters Colony to a Lake City of About 46,200

  1. Before 1841

    The Elm Fork and Stewart Creek

    The Colony sits on the eastern shore of today’s Lewisville Lake, in the valley of the Elm Fork of the Trinity River.

    More

    Long before any survey lines, the land that became The Colony was part of the Elm Fork of the Trinity River valley in southeastern Denton County. Over geologic time, the city’s comprehensive plan notes, inland seas repeatedly covered North Central Texas and then retreated toward the present-day Gulf of Mexico. Those ancient seas left behind the layered limestone and clay soils that later drew farmers to the creek bottoms here.

    Today about 23 miles of Lewisville Lake shoreline lie inside the city limits, and Stewart Creek reaches the lake on the city’s western side. The creek takes its name from Isaac F. Stewart, a settler of the 1840s. Native peoples lived in and traveled through the wider North Texas region for centuries before Anglo-American settlement, though the specific groups who used this site aren’t documented in the sources reviewed.

  2. 1841–1852

    Peters Colony and Bridges Settlement

    The Republic of Texas’s Peters Colony grant brought settlers north, and in 1844 its headquarters moved to Bridges Settlement, inside today’s city.

    More

    Peters Colony was the common name for the first empresario contract the Republic of Texas legislature authorized, granted to William S. Peters and nineteen associates. It ran from 1841 until June 30, 1848. Its operator, the Texas Emigration and Land Company of Louisville, Kentucky, could give settlers up to 640 acres for building a cabin, farming 15 acres and pledging allegiance to the Republic. Sources count eight to thirteen grant holders inside today’s limits.

    John and Mildred Bridges settled here in 1843, in what is considered the first settlement in Denton County. In 1844, principal investor Willis Stewart moved the company’s headquarters to Bridges Settlement, and the surrounding land became Stewartsville, with the area’s first general store and post office. Armed land speculators burned the headquarters in the 1852 Hedgecoxe War, but agent Henry O. Hedgecoxe escaped with many company records.

  3. 1853–1901

    Stewart’s Creek and Bridges Cemetery

    The settlement became Stewart’s Creek, with a post office, school and church, and Bridges Cemetery is now the city’s oldest landmark.

    More

    After the Hedgecoxe War, Bridges Settlement took a new name, Stewart’s Creek, for settler Isaac F. Stewart, whose brothers Willis and James had invested in Peters Colony, according to the city-published history Bridges to the Future. A Stewart’s Creek post office opened on March 4, 1859, and the community supported a school and a Baptist church. Rector and Camey are other historic communities inside today’s limits.

    Bridges Cemetery, at Morning Star and Chesapeake drives, sits on William Bridges’ 1850 Peters Colony tract. Its Texas Historical Commission marker, No. 508, was approved in 1986 for the Texas Sesquicentennial and dedicated in June 1988. The marker dates burials to 1855 and notes more than one hundred sandstone and granite markers. A 2016 survey found 141 graves and potential graves, and the state named it a Historic Texas Cemetery in 2018.

  4. 1902–1940s

    Camey Spur and the Cotton Years

    A 1902 rail line created Camey, the most successful of the communities that came before the city. It faded by the 1940s.

    More

    Camey, also called Camey Spur, became the area’s most successful community after the St. Louis–San Francisco railroad line began operating in 1902, according to the City of The Colony. The railroad shifted the local economy from cattle raising toward cotton farming. In the 1920s, the city says, Camey had a reported population of about 50, with a school, grocery store, blacksmith shop, restaurant and cotton gin.

    Camey faded in the early 1940s, and its land went back to farming. The city’s comprehensive plan places the former Camey Spur in what is now The Legends area. The name lived on: Camey Elementary, which opened in 1977, became the city’s first public school. Other place names sometimes linked to the area, such as Hebron and Hackberry, aren’t on the city’s list of historic communities inside its limits.

  5. 1924–1975

    Two Dams and a Lake

    Two dams on the Elm Fork created the lake behind the “City by the Lake” slogan, though the lake’s name wasn’t settled until the 1970s.

    More

    The City of Dallas built Lake Dallas on the Elm Fork with the Garza Dam, named for the nearby village of Garza, which became Lake Dallas in 1929. City of Dallas archives date construction from 1924 to 1927, paid for through a 1923 bond election, while the Handbook of Texas gives a 1928 start. For about three decades, Lake Dallas served as the principal municipal water source for Dallas.

    The U.S. Army Corps of Engineers then built the larger Garza-Little Elm Dam. Impoundment began November 1, 1954, and the dam was completed in 1955, the year it was renamed Lewisville Dam. The old Garza Dam was breached on October 28, 1957, merging the two lakes. The reservoir became Lewisville Lake in the 1970s; the Handbook of Texas says the mid-1970s, and a 2025 Dallas Morning News report gives 1971.

  6. 1960s–1977

    Fox & Jacobs and Incorporation

    Fox and Jacobs began a planned community in 1973, and voters approved incorporation on January 15, 1977, by 459 to 37.

    More

    Eastvale, a small lakeside community, began on the eastern shore in the early 1960s. In 1973, Dallas developer Fox and Jacobs bought land south of Eastvale near SH 121 and FM 423; the city puts the purchase at about 2,500 acres, while the Handbook of Texas says some 3,000. Streets were poured in 1974, and the first residents moved in that October. The developer chose the name to honor Peters Colony.

    The development sat in Frisco’s extraterritorial jurisdiction until residents moved to incorporate. On January 15, 1977, voters approved incorporation 459 to 37. D Magazine reported that, at about 3,500 residents, it was the largest community in Texas ever to seek incorporation. Residents chose the name The Colony in two polls, and the City Council ratified it in May 1977. That makes 2027 the city’s 50th anniversary.

  7. 1978–2010

    Home Rule, Eastvale and Rapid Growth

    A 1979 home rule charter set up council-manager government, and the population more than tripled between 1980 and 2010.

    More

    Residents approved a home rule charter in 1979 that set up council-manager government, according to the Handbook of Texas. Early milestones, according to the city, included a fire station donated by Fox and Jacobs in 1975, the first business, a Stop ’n Go, in 1976, and Peters Colony Elementary in 1979. The Colony Public Library opened in 1982, and the Five Star Complex was dedicated in 2003.

    On April 7, 1987, Eastvale voters approved consolidation with The Colony by a margin of 75 to 71, adding the older lakeside community to the city. Census counts trace the growth that followed: 11,586 residents in 1980, 22,113 in 1990, 26,531 in 2000 and 36,328 in 2010. Growth was fastest in the 1980s, slowed in the 1990s and picked up again as development reached the lake peninsulas.

  8. 1998–2023

    Golf, Austin Ranch and a Waterpark

    Lakeside golf communities, The Tribute and Austin Ranch shaped the city’s northwest and southeast edges.

    More

    Billingsley Co. began acquiring Austin Ranch land in the 1970s, and its first construction phase started in 1998, according to the North Central Texas Council of Governments. The development spans The Colony, Carrollton and Plano. On the city’s northwest shore, Matthews Southwest opened The Tribute Golf Links in 2000 and began home sales in 2007. Old American Golf Club followed on September 1, 2010.

    The Tribute grew to cover about 1,600 acres, with plans for more than 3,000 homes, according to a 2024 Dallas Morning News report. Hawaiian Falls reached an agreement with the city in late 2003 and built its waterpark at 4400 Paige Road. Operator Premier Parks renamed it Hawaiian Waters in May 2023. The park still opens each summer, and its 2026 season ran from May into September.

  9. 2011–2026

    Nebraska Furniture Mart and Grandscape

    Nebraska Furniture Mart anchored the 433-acre Grandscape district on SH 121, which added a wave of entertainment in 2026.

    More

    Nebraska Furniture Mart announced its Texas store in November 2011, and by June 2013 it was calling the surrounding 433-acre, $1.5 billion project Grandscape. The store soft-opened on March 4, 2015, and held its grand opening on May 7, 2015, according to WFAA. Scheels opened on May 1, 2020, as Texas eased its stay-at-home order, according to the Dallas Morning News.

    2026 brought a wave of entertainment openings at Grandscape. Mavericks Dance Hall opened February 13, and TOCA Social opened its first U.S. venue on March 6. The Rustic took the former Lava Cantina space at 5805 Grandscape Boulevard. A 155,000-square-foot Costco was slated for October 2026, and the first White Castle in Texas broke ground June 2 for a planned late-fall opening.

  10. 2020–2027

    Toward 50 Years

    The Colony counted 44,534 residents in 2020 and is preparing for the 50th anniversary of its incorporation in 2027.

    More

    The 2020 census counted 44,534 residents. The Census Bureau estimated 46,196 for July 1, 2025, up 3.7 percent from the 2020 base. On September 1, 2026, the City Council adopted a property tax rate of $0.6275 per $100 of taxable value for fiscal 2026–27. That was a quarter-cent cut and, the city says, the 26th consecutive year the rate was reduced or held flat.

    Incorporation turns 50 in January 2027. The Colony Public Library and its Local History Committee held a “Fifty Years of The Colony” event on October 5, 2024, marking half a century since the first homeowners arrived in 1974, and staff described it as groundwork for a larger celebration. A “50 Years of The Colony” story map followed in September 2026. The city calls itself the “City by the Lake.”

Compiled from the City of The Colony’s city history page and comprehensive plan, the city-published Bridges to the Future, the Texas State Historical Association Handbook of Texas, City of Dallas archives, the Historical Marker Database, D Magazine (1977), the North Central Texas Council of Governments, The Dallas Morning News, WFAA, the Omaha World-Herald, Community Impact, Local Profile, FOX 4, Star Local Media and U.S. Census counts. Sources conflict on several points: Lake Dallas construction (1924–27 vs. a 1928 start), when the lake became Lewisville Lake (1971 vs. the mid-1970s), the Fox and Jacobs purchase (2,500 vs. 3,000 acres), Peters Colony grant holders inside the city (eight vs. thirteen) and Bridges Cemetery dates (burials from 1855 or 1857). The name The Colony was ratified by the City Council, not by election; the January 1977 election was for incorporation. “Hedgecoxe” is the city’s spelling; the Handbook and state markers use “Hedgcoxe.” Austin Ranch spans three cities. Native peoples are described at the regional level. Bobby Franklin, REALTOR®, TREC #0805459, Legacy Realty Group – Leslie Majors Team.

The Colony’s Annual Events

Liberty by the Lake, Family Fright Fest and Holiday in the Park

Fall

Family Fright Fest

Mid-to-late October, Saturday · Stewart Creek Park, 3700 Sparks Rd.

A city-run Halloween festival at the lake park. Held October 18, 2025, and set for Saturday, October 24, 2026, 3 to 7 p.m.

More

Run by the City of The Colony Parks & Recreation.

Free for Stewart Creek Park annual pass holders; otherwise $15 per vehicle.

American Heroes

Weekend near Veterans Day · The Athletic Club, 4100 Blair Oaks Dr.

A salute to veterans and first responders, held in 2023, 2024 and 2025. An event listing shows Saturday, November 14, 2026, noon to 10 p.m.; confirm with the city.

More

Run by the City of The Colony Parks & Recreation.

General admission has been free; VIP tickets were $75 in 2024.

Holidays

Holiday in the Park & Parade of Lights

First Saturday in December · Perryman Park, 4930 South Colony Blvd.

A holiday festival and lighted parade. Free. Held in 2021, 2023 and on December 6, 2025, from 5 to 8 p.m.; the 2026 date wasn’t announced.

More

Run by the City of The Colony Parks & Recreation.

The parade route has changed between years; check the city’s map.

The city’s Christmas Spectacular light show begins the same night.

Christmas Spectacular

Nightly, early December to early January · Central Fire Station

A free city holiday light show, held in 2021, 2023 and 2025.

Grandscape Holiday Kickoff

Saturday before Thanksgiving · Grandscape, 5732 Grandscape Blvd.

A free tree lighting and holiday kickoff run by Grandscape. Held in 2024 and on November 22, 2025; the 2026 date wasn’t announced.

Winter & Spring

Sweetheart Ball

February · Venue varies

A city-run February dance; the 2025 ball was billed as its 19th year. The 2027 date and cost weren’t announced.

Spring Eggstravaganza

Spring, before Easter · The Athletic Club, 4100 Blair Oaks Dr.

City egg hunts with free entry; hunt tickets were $5 in advance and $10 on the day in 2026. Held April 17, 2025, and April 2, 2026.

Summer

Liberty by the Lake

July 4 · The Athletic Club, 4100 Blair Oaks Dr.

The city’s Fourth of July, with a 5K at Stewart Creek Park, a morning parade, an evening festival and fireworks. Held in 2025 and on July 4, 2026, with fireworks at 9:30 p.m.

More

Run by the City of The Colony Parks & Recreation.

The festival is free; 5K registration is separate.

The Athletic Club was formerly the Five Star Complex.

Sounds of Summer

Friday nights in summer · Corona Stage & Lawn, Grandscape

Free outdoor concerts run by Grandscape, held in 2025 and 2026.

Bow Wow Luau

September, after the season · Hawaiian Waters, 4400 Paige Rd.

A post-season dog day at the waterpark, held September 22, 2024, and September 20, 2026.

How the year runs

The Colony’s biggest city events are Liberty by the Lake on July 4, Family Fright Fest in October and Holiday in the Park in December.

City events center on The Athletic Club, Stewart Creek Park and Perryman Park, while Grandscape runs its own concerts and holiday kickoff.

Dates move, so check the city’s calendar before you go.

Timing shown is the usual pattern for each event; exact dates, times, prices and locations change from year to year and should be confirmed with organizers. Event details are from City of The Colony event pages and news releases, Grandscape, Hawaiian Waters, Star Local Media, KERA, Local Profile and event listings; each event listed was found in at least two years. The November 14, 2026, American Heroes date comes from a tourism listing, not the city, and sources disagree on how many years it has run. One listing places the Liberty by the Lake fireworks at Stewart Creek Park; the city places them at The Athletic Club. Stewart Creek Park’s page says annual permits aren’t valid for special events, while the Family Fright Fest page says that event is free for pass holders. Costs for the Sweetheart Ball and Bow Wow Luau weren’t confirmed. Grandscape’s jazz series, fireworks and fall events were found for only one year, and no recurring farmers market, National Night Out or chamber event was confirmed, so they aren’t listed. Bobby Franklin, REALTOR®, TREC #0805459, Legacy Realty Group – Leslie Majors Team.

Everything You Need to Know About The Colony Schools

What to know about The Colony schools:

  • Two districts. Most of The Colony is in Lewisville ISD, while The Tribute is in Little Elm ISD. Zones changed after Lewisville ISD closed B.B. Owen Elementary in 2025, so confirm the district and campus by address with each district’s school-zone lookup
  • The rating. Lewisville ISD’s TXschools.gov page shows a B (83) for 2026, after a B (81) in 2025. Little Elm ISD earned a C (78) in 2026
  • Enrollment. Lewisville ISD served about 46,300 students in 57 schools in 2025–26, down from more than 53,000 in 2017, and projects 45,125 for 2026–27. Seven of its campuses are inside The Colony
  • Bonds. Voters approved $737.55 million in 2017, part of a $1.23 billion package in 2023 and $101.8 million in May 2024. No Lewisville ISD item was found for November 3, 2026
  • Taxes. Lewisville ISD’s 2026 rate is $1.0778, its lowest since at least 1999; Little Elm ISD’s posted rate is $1.2252. On a $406,000 homestead, the school share is about $2,867 in Lewisville ISD and $3,259 in Little Elm ISD after the $140,000 state exemption

The rating: Check TXschools.gov for each district’s current status.

Nearby: Lewisville ISD offers the STEM Academy at Griffin Middle School, two career and technical centers and a Virtual Learning Academy. Texas treats homeschools as private schools.

Want the full breakdown? Read our complete The Colony schools guide →

North Texas Market Insider™ · School Explorer

A B-Rated District, Its Lowest Tax Rate Since 1999 and a Second District at The Tribute

Most of The Colony is in Lewisville ISD, about 46,300 students in 57 schools, rated B (83) for 2026, with seven campuses inside the city. The Tribute is in Little Elm ISD. Confirm the district and campus by address.

7Lewisville ISD campuses in the city
B (83)Lewisville ISD, 2026
46,328students
$1.07782026 school rate
2districts in the city

The Colony addresses Two districts

An Address in The Colony Can Be in Two Districts

  • Lewisville ISD
  • Little Elm ISD

City-wide

Most of The Colony is in Lewisville ISD, while The Tribute in the northwest is in Little Elm ISD. Whether any parcel inside city limits is in another district wasn’t confirmed.

More

Some sites list Frisco ISD campuses for “The Colony,” likely because they include Frisco-addressed areas. Check the parcel’s Denton CAD record and the district’s zone lookup, not the ZIP code.

District rating B (83)

Lewisville ISD

  • About 46,300 students
  • 57 schools
  • B (83)

District-wide

Lewisville ISD’s TXschools.gov page shows a B (83) for 2026, up from B (81) in 2025 and B (80) in 2023.

More

The district earned a perfect 100 FIRST financial rating in its most recent report. District office: 1565A W. Main St., Lewisville, (469) 713-5200.

Enrollment Declining

Enrollment Is Declining

  • 53,000+ (2017)
  • 45,125 forecast (2026–27)

District-wide

Lewisville ISD had more than 53,000 students in 2017 and about 46,300 in 2025–26. The district projected 45,125 for 2026–27, and its demographer sees about 44,400 within a decade.

More

Forecasts are projections, not outcomes, and they have been revised several times since 2024.

Closures Owen closed

School Closures and Rezoning

  • Owen ES closed 2025
  • Zones redrawn

The Colony feeder

In December 2024 the board closed five elementary schools after 2024–25, including B.B. Owen Elementary in The Colony. The change redrew zones for Camey, Ethridge, Memorial, Morningside and Peters Colony.

More

Lakeview Middle School was on a 2024 review list but wasn’t closed. Stewart’s Creek Elementary no longer appears in the district directory.

Campuses 7 in the city

Lewisville ISD Campuses in The Colony

  • 1 high
  • 2 middle
  • 4 elementary

Inside city limits

The Colony High School (4301 Blair Oaks Dr.), Lakeview Middle (4300 Keys Dr.), Griffin Middle – STEM Academy (5105 N. Colony Blvd.) and Camey, Ethridge, Morningside and Peters Colony elementaries.

More

Camey Elementary, at 4949 Arbor Glen Rd., opened in 1977 as the city’s first public school. Peters Colony Elementary, at 5101 Nash Dr., opened in 1979. Ethridge is at 6001 Ethridge Dr. and Morningside at 6350 Paige Rd.

Bonds 2024 passed

Bond Elections

  • 2017 $737.55M
  • 2023 split
  • 2024 $101.8M

District-wide

Voters approved $737.55 million in 2017 with 62.4 percent. In November 2023, three of seven propositions in a $1.23 billion package passed, and all three propositions totaling $101.8 million passed in May 2024.

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No Lewisville ISD bond or tax election was found for November 3, 2026.

School tax Lowest since 1999

School Tax Rate

  • $1.0778
  • Down 4 cents

Per $100 of value

Lewisville ISD set its 2026 rate at $1.0778: $0.7469 for maintenance and $0.3309 for debt, its lowest since at least 1999. On a $406,000 homestead, the school share is about $2,867 after the $140,000 exemption.

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The rate fell from $1.1178 as four temporary disaster pennies expired; the debt rate held steady.

The Tribute C (78)

Little Elm ISD

  • About 7,570 students
  • C (78)

The Tribute

Little Elm ISD earned a C (78) in 2026, after a C (79) in 2025. Its posted rate is $1.2252, so on a $406,000 homestead the school share is about $3,259, roughly $392 more than in Lewisville ISD.

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The difference comes from Little Elm ISD’s higher debt rate, $0.47 versus $0.3309. District office: 400 Lobo Ln., Little Elm, (972) 947-9340.

Programs STEM and CTE

Programs & Options

  • STEM Academy
  • Career centers
  • Virtual

Lewisville ISD

Options include the STEM Academy at Griffin Middle School, the district’s two Technology, Exploration & Career Centers, the Virtual Learning Academy and Night High School.

More

The 2017 bond included $71.5 million for career and technical education. Confirm program eligibility, transfers and transportation with the district.

Exemptions Homestead

Exemptions & Ceilings

  • $140,000 school
  • City 5% or $5,000

Denton CAD

Schools exempt $140,000, plus $60,000 at 65 or with a disability, and a school tax ceiling then freezes the school bill. The city exempts 5 percent or $5,000, plus $15,000 at 65 or with a disability.

More

Denton County’s most recent published exemptions, from 2020, were 1 percent or $5,000 and $55,000 at 65. Confirm 2026 amounts with Denton CAD.

The address decides

The Colony addresses fall in Lewisville ISD or Little Elm ISD, and zones changed after the Owen closure.

Confirm the district and campus before you write an offer.

The school tax, plainly

On a $406,000 homestead, the school share runs about $2,867 in Lewisville ISD and $3,259 in Little Elm ISD at 2026 rates.

Owners 65 and older get a larger exemption, then a ceiling applies.

The rating, said plainly

Lewisville ISD shows a B (83) for 2026; Little Elm ISD earned a C (78).

Check TXschools.gov for each district’s current rating.

What’s next

Lewisville ISD’s enrollment forecast is still declining, and it closed five elementary schools in 2025.

No school bond was found on the November 3, 2026, ballot.

Accountability ratings are shown at the district level only; campus ratings are intentionally not shown, and campuses are named only for location, opening dates and programs. Ratings change every year, and 2026 ratings may change on appeal; use TXschools.gov for current ratings. Lewisville ISD’s 2026 B (83) comes from its TXschools.gov district page and wasn’t confirmed in a district release; its 2025 B (81) and Little Elm ISD’s ratings are from news coverage and district releases. Enrollment figures differ by snapshot date. Forecasts are projections from district reports. The 2023 bond’s per-proposition results and the 2024 vote shares weren’t confirmed. Lewisville ISD’s 2026 rate is from its adopted budget; Little Elm ISD’s posted 2026 rate matches its 2025 rate and wasn’t confirmed against the adopted-rate document. Memorial Elementary’s location and Stewart’s Creek Elementary’s closing year weren’t confirmed. Which Little Elm ISD campuses serve The Tribute wasn’t confirmed. Denton County’s exemption amounts are from 2020. The school tax examples use 2026 rates and the $140,000 state homestead exemption on an illustrative $406,000 home; they are illustrations, not quotes. Private and charter options weren’t compiled for this guide. Campus assignment is determined by address and must be confirmed with the district. School information is provided for general reference only and is not a recommendation regarding any school, district, neighborhood or property. Bobby Franklin, REALTOR®, TREC #0805459, Legacy Realty Group – Leslie Majors Team.

North Texas Market Insider™ · Live NTREIS Data

How’s the The Colony Housing Market?

Median Sales Price

What homes in The Colony actually sold for each month. With original 1970s homes in Northpointe, lake-area resales on Stewart Peninsula and newer homes in The Tribute and Austin Waters all trading in the same city, the mix of what sold moves this line as much as the market does.

Read this line first

The Colony’s median moves with which homes sold: 1970s homes, lake-area resales or newer Tribute and Austin Waters homes. Redfin put the August 2026 median at about $443,200, down about 9 percent from a year earlier. Read the trend, not one month.

For sellers

A Northpointe original from the 1970s, a Stewart Peninsula resale and a home in The Tribute can all land on this one line. The chart is not your comp. Your comps match your size, age, lot, condition and school district.

For buyers

Texas is a non-disclosure state, so portal prices are models. This is MLS. Ask for the actual comparable sales, plus whether the address is in Lewisville ISD or Little Elm ISD, since the district line changes the tax bill.

Charts supplied by NTREIS via 10K Research and Marketing and update automatically. Data reflects residential activity reported to the MLS and may be revised as late-reported sales come in. Some Austin Ranch and Austin Waters homes carry Carrollton addresses, and Redfin’s area for The Colony includes some Lewisville and Carrollton addresses, so MLS city fields may not match the city boundary. The median, days on market, sale-to-list ratio, price-drop share and sales count are Redfin’s August 2026 figures. These charts do not separate older homes from newer construction, or the Lewisville ISD and Little Elm ISD parts of the city. Market statistics describe the area as a whole and are not a substitute for a comparative market analysis on a specific property. Texas is a non-disclosure state, so publicly available sale prices elsewhere are estimates rather than recorded figures. Bobby Franklin, REALTOR®, TREC #0805459, Legacy Realty Group – Leslie Majors Team.

North Texas Market Insider™ · Equity Explorer

What a Home in The Colony Bought in 2015 Is Worth Now

Pick a purchase year and the price fills in. If you own here, type over it with what you actually paid. This calculator runs on the Denton County index, the federal repeat-sales measure for the county The Colony sits in. A home bought in 2015 is worth about twice its price on the index, with the biggest jump in 2021 and 2022 and a slight dip in 2025.

$

Bought here? Tap the number and enter what you paid.

2015
20092025
Down payment

Estimated equity built —
Paid in 2015—
That same home today—
Down payment—
Appreciation—
Principal paid down—
Denton County Texas United States

Federal house price index growth, indexed to the purchase year, where the purchase year equals 100.

A long climb, then a dip

From 2015 to 2025 the Denton County index rose about 101 percent, with a 21 percent jump in 2022 alone.

It slipped about 0.9 percent in 2025, its first annual decline since 2011; a 2022 buyer is about even on the index.

Why $406,000

Zillow’s typical value for The Colony was about $406,200 in June 2026, down 4.0 percent from a year earlier.

Redfin’s three-month median sale price was near $443,000, with homes taking 44 days to sell. Type over the prefilled price with what you paid.

The school district is the swing

No MUD, PID or water district levy was found on The Colony homes; The Tribute’s TIF adds no homeowner tax.

The gap is the school district: a Little Elm ISD address at The Tribute pays about $392 more a year at the same value.

The tax bill, plainly

A $406,000 homestead with Lewisville ISD pays about $6,020 a year; with Little Elm ISD, about $6,410.

Owners 65 and older pay roughly $840 to $930 less in their first year, before ceilings take hold.

Growth rates are the FHFA All-Transactions House Price Index, annual values 2009 through 2025: Denton County, Texas (FRED series ATNHPIUS48121A, base 2000 equals 100), the State of Texas (TXSTHPI) and the United States (USSTHPI). State and national figures are annual averages of published quarters. The Denton County series recorded 148.00 in 2015, 282.30 in 2022, 299.85 in 2024 and 297.21 in 2025. FHFA describes county indices as developmental and subject to revision, and the annual series does not cover 2026. No city-specific index was used, and no 2015 Zillow value for The Colony was retrieved. The prefilled dollar figures are derived and illustrative, not published: they apply the Denton County index to a $406,000 anchor near Zillow’s June 2026 typical value for The Colony ($406,211). Redfin’s three-month median sale price through August 2026 was $443,207 with 44 median days on market, and Zillow’s median sale price was $454,500; typical value and median sale price are different measures. The index is built from conforming loans and excludes jumbo lending and all-cash purchases. Equity figures assume a 30-year fixed mortgage at that year’s Freddie Mac annual average rate (2025 approximately 6.6 percent), held to today, with no refinancing, no extra principal and no additional borrowing. They exclude closing costs, property taxes, insurance, maintenance, improvements and selling costs. Tax examples use an illustrative $406,000 appraised homestead and 2026 rates: City of The Colony 0.6275 after its 5 percent exemption (Ord. 2025-2610), Lewisville ISD 1.0778 or Little Elm ISD 1.2252 after the $140,000 school exemption, and Denton County 0.183394 after a $5,000 minimum exemption. The 65-and-older examples add the schools’ $60,000, the city’s $15,000 and Denton County’s $55,000; ceilings then freeze school and county amounts. Denton County’s exemption amounts are from 2020, the city’s rate split and any city tax ceiling weren’t confirmed, and Little Elm ISD’s 2026 rate wasn’t confirmed against its adopted-rate document. No special district was found, but jurisdictions are property-specific; check the Denton CAD record. HOA dues are extra. It is an illustration, not a quote. The homestead appraisal cap limits increases in a homestead’s taxable appraised value to 10 percent a year and ends on sale. This is an illustration for general reference, not an appraisal, a comparative market analysis, a valuation or investment advice. Past appreciation does not predict future appreciation. Bobby Franklin, REALTOR®, TREC #0805459, Legacy Realty Group – Leslie Majors Team.

North Texas Market Insider™ · The Colony, Texas

23 Miles of Shoreline, 26 Years of Flat or Lower City Rates and Grandscape on SH 121

The Colony is a Denton County lake city of 44,534 at the 2020 census and about 46,196 by the Census Bureau’s 2025 estimate, with a typical value near $406,000. The trade-offs are real: The Tribute sits in a second school district, the lake parks charge entry, and no transit route serves the city.

Estimated Off-Peak Drive Time from The Colony City Hall

15minThe Star, Frisco
15minLegacy West, Plano
15minOld Town Lewisville
25minDFW Airport
30minDowntown Denton
35minDowntown Dallas

Around Town and Beyond

5Grandscape
5The Colony Public Library
5Recreation Center
10Stewart Creek Park
10Shoreline Trail at Ridgepointe Park
10Hidden Cove Park & Marina

Estimated minutes off-peak from City Hall at 6053 Main St. These are planning estimates, so check a live map before relying on any of them.

Life on Lewisville Lake

The city stretches along 23 miles of shoreline, and Stewart Creek Park has a three-lane boat ramp, a swim beach, a fishing pier and camping.

A resident annual pass costs $40 in 2026.

A rate that keeps falling

The city cut its rate to $0.6275 for 2026–27, the 26th straight year it was reduced or held flat.

Of the 8.25 percent sales tax, the city keeps 1 percent and its EDC and CDC get half a cent each.

Trails and parks

The 3.5-mile Shoreline Trail runs from Ridgepointe Park to Stewart Creek Park.

The city’s visitor bureau counts 28 parks and more than 2,500 acres of parkland.

Jobs and growth

Grandscape covers more than 400 acres anchored by Nebraska Furniture Mart and Scheels, and The Home Depot’s Southwest Division is in the city.

A Costco and the first White Castle in Texas are under construction there.

The trade-offs, said plainly

The Tribute is in Little Elm ISD, which costs about $392 more a year on a $406,000 homestead than Lewisville ISD.

Stewart Creek Park charges $15 a day, and Hidden Cove sets its own fees.

Watch list

There’s no fixed-route or on-demand transit; DCTA’s GoZone doesn’t include The Colony.

Land near the lake can fall under a Corps of Engineers flowage easement that limits building, so check before you buy.

Drive times are planning estimates from The Colony City Hall, not live traffic or measured routes; check a live map before you rely on them. Rush-hour times on SH 121, Main Street (FM 423) and the Dallas North Tollway can run much longer; the city markets downtown Dallas as 35 minutes away. Population figures are the 2020 census count and the Census Bureau’s Vintage 2025 estimate. The typical value is Zillow’s June 2026 figure. Shoreline, trail, park and parkland counts are from the city and its visitor bureau and are marketing figures, not audited inventories; trail lengths conflict among sources. The tax rate is from the city’s September 2026 release, and the sales-tax split is from the city’s finance page, which may not reflect 2026 updates. Hidden Cove Park’s own address reads Frisco, and whether it’s inside city limits wasn’t confirmed. The school-district tax difference uses 2026 rates. A ranked list of employers with headcounts wasn’t found. Flood zones and easements vary by parcel; check FEMA maps and Corps records by address. No crime, school ranking or flood zone claims are made. This information is provided for general reference and is not a representation about any specific property, commute or future development outcome. Bobby Franklin, REALTOR®, TREC #0805459, Legacy Realty Group – Leslie Majors Team.

North Texas Market Insider™ · The Colony FAQ

The Colony Frequently Asked Questions

Answered with verified specifics, from two school districts, taxes and utilities to Stewart Creek Park, tolls, permits, alerts and voting.

01Why does The Colony have two school districts?

Most of the city is in Lewisville ISD, but The Tribute on the northwest peninsula is in Little Elm ISD. District lines don’t follow city limits, so the address decides.

The split matters for taxes. Lewisville ISD’s 2026 rate is $1.0778, its lowest since at least 1999, while Little Elm ISD’s posted rate is $1.2252. On a $406,000 homestead, that’s about $392 more a year with Little Elm ISD, almost all from its higher debt rate.

Lewisville ISD also closed B.B. Owen Elementary after 2024–25 and redrew nearby zones. Confirm the district and campus for any address with the district before you write an offer.

02How has The Colony kept its city tax rate so low?

The City Council adopted a rate of $0.6275 per $100 on September 1, 2026, a quarter-cent cut. The city says it’s the 26th consecutive year the rate was reduced or held flat, and the adopted budget trimmed General Fund spending by about $3.4 million.

Sales tax carries part of the load. Of the 8.25 percent rate, the state takes 6.25 percent, the city keeps 1 percent, and its economic development and community development corporations each get half a cent, according to the city’s finance page.

Retail along SH 121, anchored by Grandscape and Nebraska Furniture Mart, produces much of that sales tax. Rates are set every September, so check the current year before you budget.

03What does a $406,000 homestead in The Colony pay in property taxes?

Using 2026 rates, a $406,000 homestead in Lewisville ISD pays about $6,020 a year: city $0.6275, Lewisville ISD $1.0778 and Denton County $0.183394 per $100. The same home in Little Elm ISD, at The Tribute, pays about $6,410.

Those figures apply the city’s 5 percent homestead exemption, the $140,000 school exemption and a $5,000 county exemption. Owners 65 and older get larger exemptions and pay roughly $840 to $930 less in the first year, before tax ceilings freeze the school and county amounts.

A buyer’s first bill is based on the full market value. Check the taxing units and exemptions on the property’s Denton CAD record before you budget.

04Are there MUDs or PIDs in The Colony?

No municipal utility district, water district or public improvement district levy was found on homes in The Colony, including The Tribute and Austin Ranch. That’s different from many newer communities nearby, where a district tax or PID can add thousands a year.

The Tribute’s roads and water tower were funded partly through a city tax increment financing zone approved in 2013. A TIF redirects part of the growth in existing taxes; it doesn’t add a separate tax for homeowners.

Districts are property-specific, though. Check every taxing unit on the Denton CAD record, and read any HOA documents, since HOA dues are separate and can run more than $1,000 a year in some communities.

05How do I set up City of The Colony utility service?

The city bills water, sewer, trash and recycling on one account. New residential service has a $20 application fee plus a deposit: $75 for homeowners and $150 for renters, waived for residents 60 and older under the 2025–26 fee schedule. Moving within the city costs a $25 transfer fee.

Bring a copy of your driver’s license and your closing papers or a signed lease. Customer service is at City Hall, 6053 Main St., Monday through Thursday 7:30 a.m. to 5:30 p.m. and Friday 7:30 to 11:30 a.m.

Contact [email protected] or 972-624-3100. The city’s payment portal lists a different number, 972-625-2741, so confirm which is current. Electricity and gas are separate accounts.

06What are the water and sewer rates in The Colony?

Under the 2025–26 schedule, a monthly base charge by meter size covers the first 2,000 gallons. For a standard 5/8-inch meter inside the city, the water base is about $23.47. Usage then costs $5.31 per 1,000 gallons up to 15,000, rising in steps to $7.71 above 40,000.

Residential sewer is a $22.74 base plus $4.78 per 1,000 gallons over 2,000. Bills also carry a $4.00 drainage fee and a $2.92 loan charge. Veterans and active-duty members can enroll for a 10 percent discount, and late payments add a 15 percent penalty.

Rates for 2026–27 and any winter averaging for sewer weren’t confirmed. Check the current fee schedule with Utility Billing before you budget.

07Where does The Colony get its water, and when can I water my lawn?

The city runs five groundwater wells, four in the Trinity Sands Aquifer and one in the Paluxy, producing up to 9 million gallons a day. It also buys up to 7 million gallons a day of treated water from Dallas Water Utilities, and part of Austin Ranch gets City of Plano water.

Under the drought plan, even-numbered addresses water on Sundays and Thursdays and odd-numbered addresses on Saturdays and Wednesdays. There’s no watering on Mondays, Tuesdays or Fridays, and the plan says to avoid 10 a.m. to 6 p.m.

The current drought stage can change. Austin Ranch customers on Plano water follow Plano’s plan, so check the city’s water page for your address.

08How does Republic Services bulk pickup work in The Colony?

Republic Services collects trash and recycling once a week on a set day by street; the city’s Solid Waste Routes map shows your day. Bulk pickup runs twice a month on Mondays.

If your trash day is Tuesday or Wednesday, bulk is collected on the first and third Mondays; if it’s Thursday or Friday, on the second and fourth Mondays. Accepted items include furniture, grills, carpet, mowers, water heaters, extra bags and fence panels cut in half. Appliances need the Freon removed, with paperwork attached.

For a roll-off dumpster during a remodel, call Republic’s construction desk at 844-677-7378. Residential rates weren’t confirmed; check your utility bill.

09Does a roof replacement need a permit in The Colony?

Yes. Since October 1, 2025, roof replacement, siding replacement and foundation repair require city permits. The city adopted the 2024 International Code Council codes effective July 17, 2025.

A new fence, or replacing more than half of one within 12 months, needs a permit: $50, plus $100 if electrical work is involved. Pools or spas deeper than 24 inches, carports, patio covers and most detached accessory buildings need permits too.

Apply through eTRAKiT or contact Building Inspections at 6053 Main St., 972-624-3100; for inspections, call 972-624-3150. HOA approval is a separate step, so get both before work starts.

10What does Stewart Creek Park cost in 2026?

Stewart Creek Park, at 3700 Sparks Rd., charges $15 per vehicle a day, or $20 on Easter, Memorial Day, July 4 and Labor Day weekends. The gate takes credit cards only.

Annual permits, in effect since January 1, 2026, cost $40 for residents and $80 for non-residents. Senior permits, for ages 62 and up, are $25 and $50, and qualifying disabled veterans get a free annual pass. To pay with cash or check, buy the pass at the Recreation Center.

The 65-acre park has a three-lane boat ramp with a courtesy dock, a swim beach, a fishing pier, tent camping and RV sites. Annual permits may not cover special events; check the event page. Call 972-625-1106.

11Is Hidden Cove Park part of The Colony?

Sources disagree. The city’s visitor bureau lists 20400 Hackberry Creek Park Rd. with a The Colony ZIP code, while the park’s own website gives a Frisco 75034 address. Whether it’s inside city limits wasn’t confirmed.

Either way, it’s a separately run park of about 720 acres with boat ramps, a beach, cabins, RV sites and a full-service marina. Its listed fees are $20 per vehicle and $30 for boat launch entry, with annual passes of $175 for residents with a The Colony driver’s license and $225 for others.

Stewart Creek Park passes don’t cover Hidden Cove. The park office is 972-294-1443, and the marina is 469-252-4660.

12What does a Recreation Center membership cost in The Colony?

The Colony Recreation Center, at 5151 N. Colony Blvd., requires a yearly membership: $15 for residents and $30 for non-residents, with proof of residency. Older listings show lower fees, which are out of date.

Hours are Monday through Friday 6:30 a.m. to 9 p.m. and Saturday 8:30 a.m. to 6 p.m. Fitness-center users must be 16 or older, or 14 or 15 with an adult. The phone number is 972-625-1106.

A Senior Center membership costs $10 a year for residents and $20 for non-residents. Pavilions and rooms can be rented online or by calling 972-624-3953. The Recreation Center also sells Stewart Creek Park annual passes for cash or check.

13When is The Colony Public Library open?

The Colony Public Library is at 6800 Main St., 972-625-1900. Hours are Tuesday through Thursday 10 a.m. to 8 p.m., Friday and Saturday 10 a.m. to 5 p.m. and Sunday 1 to 5 p.m. It’s closed Mondays.

The collection includes more than 87,000 books, movies and digital resources. The library opened in 1982, and its Local History Committee is preparing for the city’s 50th anniversary in 2027.

Some third-party sites still list older hours, so check the city’s library page before you go. City Hall customer service has moved to 6053 Main St., while 6800 Main St. also serves as the city’s mailing address.

14How will The Colony alert me in an emergency?

The city uses Denton County’s Everbridge system for emergency calls, texts and emails; sign up through the city’s Alert Center. For routine news, the city also runs Notify Me email and text lists.

Residents who would need help during a disaster can register with the state’s STEAR registry, which the city promotes. No city source mentions CodeRED, so don’t rely on an old CodeRED sign-up.

For emergencies, call 911. Non-emergency numbers are 972-625-1887 for police, 972-625-3944 for fire and 972-624-3191 for Emergency Management. Add them to your phone when you move in, and update your alert sign-up when your number or address changes.

15Who do I call about a water main break in The Colony?

Call Public Works. The city’s Emergency Management page lists 972-625-4471 for after-hours water and sewer emergencies, and that number is also listed as the Public Works main line.

A secondary source lists a 24-hour emergency line of 972-624-4433, so confirm which number is current and save it. If water is flooding a street or threatening property, call 911.

If service was shut off for nonpayment, restoring it costs $20, or $50 after hours. Know where your home’s shutoff valve is, and ask the city where its responsibility ends on your line.

16What does the Sam Rayburn Tollway cost from The Colony?

SH 121 through The Colony is part of the Sam Rayburn Tollway, run by the North Texas Tollway Authority. NTTA’s TollTag rate has been 22 cents per mile since July 1, 2025, and ZipCash, billed by mail, costs twice as much.

NTTA raises rates every two years, so the next change is expected in 2027. Check NTTA’s rate map for the current per-mile price.

If you head west across the lake, the Lewisville Lake Toll Bridge on Eldorado Parkway is outside the city and costs $1.55 with a TollTag or $3.10 with ZipCash. A TollTag also works on the Dallas North Tollway.

17Can I ride DCTA GoZone from The Colony?

Not as of October 2026. DCTA’s GoZone on-demand service covers Denton, Lewisville and Highland Village, and since May 5, 2026, Frisco as a pilot, but no zone was found for The Colony.

The nearest fixed rail is DCTA’s A-train, with a Hebron station in Lewisville. The Frisco GoZone pilot connects to DART at the Northwest Plano Park & Ride, running weekdays 6 a.m. to 6 p.m.

Plan on driving for most trips, using SH 121, Main Street (FM 423) and the Dallas North Tollway. If transit matters to you, check DCTA’s current service map, since pilots can expand.

18How do I claim the homestead exemption in The Colony?

File with the Denton Central Appraisal District, 3911 Morse St., Denton, 940-349-3800, using Form 50-114. Your driver’s license address should match the home, and you don’t need to reapply each year.

The city exempts 5 percent or $5,000 of a homestead’s appraised value under Ordinance 2025-2610, plus $15,000 for owners 65 and older or disabled. Schools exempt $140,000, plus $60,000 at 65 or with a disability, and then freeze the school tax with a ceiling.

Denton County’s most recent published exemptions, from 2020, were 1 percent or $5,000 and $55,000 at 65. Confirm current amounts with Denton CAD. The county tax office in Frisco, 5533 FM 423, handles payments and car registration.

19When does early voting start in The Colony for November 3, 2026?

Early voting for the November 3, 2026, election runs October 19 through 30. Under the Denton County schedule, hours are 8 a.m. to 5 p.m. October 19–23, 7 a.m. to 7 p.m. on October 24, 11 a.m. to 5 p.m. on October 25 and 7 a.m. to 7 p.m. October 26–30.

Denton County voters can use any county early-voting site. The last day for the elections office to receive a ballot-by-mail application is Friday, October 23.

Check votedenton.gov for site locations and your sample ballot, or call Denton County Elections at 940-349-3200. Its office is at 701 Kimberly Dr., Suite A100, in Denton. Bring an approved photo ID.

20When does The Colony turn 50?

Voters approved incorporation on January 15, 1977, by 459 to 37, so the city turns 50 in January 2027. Residents chose the name in two polls, and the City Council ratified it that May, honoring the 1840s Peters Colony.

Developer Fox and Jacobs began the planned community in 1973, and the first residents moved in during October 1974. Eastvale joined the city in 1987.

The city counted 44,534 residents in the 2020 census, and the Census Bureau estimated 46,196 for July 2025. The library’s Local History Committee has been preparing for the anniversary since 2024; watch the city’s calendar for 2027 events.

Answers were verified as of October 7, 2026, from the City of The Colony, its visitor bureau and finance pages, Lewisville ISD, Little Elm ISD, Denton CAD, Denton County Elections, Republic Services, the North Texas Tollway Authority, DCTA, Hidden Cove Park and the U.S. Census Bureau. Rates, fees, providers and hours change; verify anything you intend to rely on. Tax figures use 2026 rates on an illustrative $406,000 homestead with the city’s 5 percent exemption, the $140,000 school exemption and a $5,000 county exemption; they are illustrations, not quotes. Little Elm ISD’s 2026 rate, Denton County’s current exemptions, 2026–27 water and sewer rates, the trash rate, the utility and water-emergency phone numbers and Hidden Cove Park’s city-limits status weren’t confirmed. Early-voting site locations weren’t compiled. This is general information, not legal, tax, lending, insurance, environmental or engineering advice. Bobby Franklin, REALTOR®, TREC #0805459, Legacy Realty Group – Leslie Majors Team.

North Texas Market Insider™ · The Colony

Every Number You Need in The Colony

Verified numbers and links for The Colony. Three things to check on every address: which school district serves it, whether Oncor or CoServ delivers the power and which taxing units are on the appraisal record. Start with the green first-week cards; county offices are in blue, health care in red and regional links in purple.

Do this first

Start City Water, Sewer & Trash

One city account covers water, sewer, trash and recycling: a $20 application fee plus a $75 owner or $150 renter deposit. City Hall has a drive-thru window.

972-625-2741, opt. 0 6053 Main St.
Do this first

Denton Central Appraisal District

Homestead exemptions, values and protests. The 2026 protest deadline has passed; the next window opens in spring 2027.

940-349-3800 3911 Morse St., Denton
Do this first

Denton County Tax Office, Frisco

Vehicle registration and property tax payments; Wednesdays open at 10 a.m., and new-resident services end at 4 p.m.

940-349-3500 5533 FM 423, Ste. 401, Frisco
Do this first

Emergency Alerts

Sign up for Denton County’s Everbridge calls, texts and emails through the city’s Alert Center. Emergency Management: 972-624-3191.

thecolonytx.gov
Do this first

Trash & Recycling

Republic Services collects under a city contract: $16.29 a month for trash and $6.32 for recycling through May 2027. Report missed pickups to the city.

972-624-3131 Roll-offs: 844-677-7378
Do this first

Electricity: Oncor or CoServ

The city is split between two electric providers. Oncor addresses can choose a retail plan; CoServ is a member co-op. Check by address.

Oncor outages 888-313-4747 CoServ 940-321-7800
City Hall

City of The Colony

Customer service at City Hall, Monday to Thursday 7:30 a.m. to 5:30 p.m. and Friday to 11:30 a.m. Mail goes to 6800 Main St.

972-625-1756 6053 Main St.
Records

City Secretary

Council agendas and minutes, city elections and open-records requests.

972-624-3105 6800 Main St.
Permits

Building Inspections & eTRAKiT

Permits and development applications through eTRAKiT; call the inspection line by 4 p.m. for next-day inspections.

972-624-3100 Inspections 972-624-3150
Water

Public Works & Utilities

Streets, water and sewer. For after-hours water and sewer emergencies, the city’s billing and emergency pages list 972-625-4471.

972-625-4471 Admin 972-624-3129
Police

The Colony Police Department

Non-emergency reports and information. Call 911 for emergencies.

972-625-1887 5151 N. Colony Blvd.
Fire

The Colony Fire Department

Fire administration at the Central Station; the Fire Marshal’s Office handles inspections at 972-624-2310.

972-625-3944 4900 Blair Oaks Dr.
Court

The Colony Municipal Court

Class C citations and city ordinance cases, Monday to Thursday 7:30 a.m. to 5:30 p.m. and Friday to 11:30 a.m.

972-624-2200 5151 N. Colony Blvd.
Animals

The Colony Animal Services

Adoptions and strays, Tuesday to Friday 10 a.m. to 6 p.m. and weekends to 4 p.m.; closed Mondays. After hours, call police.

972-370-9250 4720 E. Lake Highlands Dr.
Library

The Colony Public Library

Tuesday to Thursday 10 a.m. to 8 p.m., Friday and Saturday to 5 p.m. and Sunday 1 to 5 p.m.; closed Mondays.

972-625-1900 6800 Main St.
Recreation

The Colony Recreation Center

Fitness, rentals and Parks & Recreation; memberships are $15 a year for residents. Stewart Creek annual passes are sold here.

972-625-1106 5151 N. Colony Blvd.
Seniors

Senior Center

Weekdays 8 a.m. to 3 p.m.; memberships are $10 a year for residents. Call Parks & Recreation for programs.

972-625-1106 4431 Augusta St.
Lake

Stewart Creek Park

Boat ramp, swim beach and camping; $15 a day or a $40 resident annual pass. Hours shorten to 6 a.m. to 7 p.m. on November 2.

972-624-2248 3700 Sparks Rd.
Business

The Colony EDC

Business recruitment and site data for SH 121 and Grandscape, weekdays 8 a.m. to 5 p.m.

972-624-3127 6800 Main St.
Business

The Colony Chamber of Commerce

The city’s own chamber, with a member directory and networking events.

469-404-4088 4431 Augusta St.
Elections

Denton County Elections

Voter registration and elections; early voting for November 3, 2026, runs October 19 to 30.

940-349-3200 701 Kimberly Dr., Ste. A100, Denton
Court

Justice of the Peace, Precinct 2

Small claims, evictions and county citations at the Frisco Government Center; confirm your precinct.

972-434-7200 5533 FM 423, Ste. 901, Frisco
License

Texas DPS, Carrollton Mega Center

The nearest driver license office; it doesn’t handle vehicle registration. Lewisville’s office is an alternative.

972-394-4530 4600 SH 121, Carrollton
Gas

Atmos Energy

The natural gas provider the city lists. For a suspected leak, leave first, then call 866-322-8667.

888-286-6700
Internet

FCC National Broadband Map

Check which internet providers serve a specific address before you buy.

broadbandmap.fcc.gov
Before you dig

Texas 811

Call two business days before digging, including fence posts.

811
Schools

Lewisville ISD

Serves most of the city. Use the attendance-zone lookup, or call Community Services at 469-713-5206 to confirm a campus.

469-713-5200 1565A W. Main St., Lewisville
Schools

Little Elm ISD

Serves The Tribute; use the district’s school-zone lookup to confirm campuses by address.

972-947-9340 400 Lobo Ln., Little Elm
HOAs

HOA Management Certificates

Associations must file with TREC, listing transfer fees and contacts; ask for the resale certificate early.

trec.texas.gov
ER

The Colony ER Hospital

A 24-hour emergency hospital on SH 121 inside the city. Listings show two phone numbers, so check the website.

thecolonyer.com 4780 SH 121
Hospital

Baylor Scott & White Medical Center–Frisco

A full-service hospital with an emergency room, roughly 5 to 8 miles away.

214-407-5000 5601 Warren Pkwy., Frisco
Hospital

Medical City Lewisville

A full-service hospital with an emergency room, roughly 8 to 10 miles away.

469-370-2000 500 W. Main St., Lewisville
Help lines

Poison Control, 988 & 211

Poison Control 1-800-222-1222; 988 for the Suicide & Crisis Lifeline; 211 for Texas health and social services.

1-800-222-1222
Tolls

NTTA TollTag

SH 121 is the Sam Rayburn Tollway: 22 cents a mile with a TollTag, double with ZipCash. TollTags are free.

972-818-6882
Lake

Hidden Cove Park & Marina

A separately run lake park with its own fees and passes; the marina is 469-252-4660.

972-294-1443 20400 Hackberry Creek Park Rd.
Lake

Corps of Engineers, Lewisville Lake

Flowage easements, shoreline permits and lake information, weekdays 8 a.m. to 4:30 p.m.

469-645-9100 1801 N. Mill St., Lewisville
Before you buy

FEMA Flood Map

Check the exact parcel, especially near the lake and creeks, and ask for the seller’s flood disclosure.

msc.fema.gov

Links, phone numbers and addresses verified October 2026 against the City of The Colony (utility billing, utility contacts, environmental services, building inspections, public works, police, fire, emergency management, municipal court, animal services, library, recreation and Stewart Creek Park pages), The Colony EDC and Chamber, Denton CAD, Denton County, Denton County Elections, Lewisville ISD, the Corps of Engineers and hospital websites, and subject to change; if something has moved, tell me and I will correct it. City pages list conflicting numbers for utility billing (972-625-2741 and 972-624-3100) and for after-hours water emergencies (972-625-4471 and 972-624-4433); the numbers shown appear on the city’s utility billing page. Confirm before relying on them. The Senior Center has no direct number listed, so the Parks & Recreation line is used. Planning and code enforcement contacts weren’t confirmed; start with 972-624-3100. The Justice of the Peace precinct varies by address. Electric service is split between Oncor and CoServ by address. Hidden Cove Park’s ZIP code and city-limits status conflict among sources. Hospital distances are rough estimates. Internet availability wasn’t verified by provider. The TollTag rate is NTTA’s 2025–2027 rate. Listings are provided for general reference and are not endorsements; I receive no compensation from any organization named. Bobby Franklin, REALTOR®, TREC #0805459, Legacy Realty Group – Leslie Majors Team.

North Texas Market Insider™ · Your Local Expert

Your Real Estate Expert in The Colony

The Colony counted 44,534 residents at the 2020 census and about 46,196 by the Census Bureau’s 2025 estimate. Its name honors the 1840s Peters Colony, voters approved incorporation 459 to 37 in January 1977, and the city turns 50 in 2027. Today two homes on the same lake can sit in different school districts with different tax bills. I sort out the details that matter here, and the awkward parts are named.

Bobby Franklin, REALTOR® TREC #0805459 Legacy Realty Group – Leslie Majors Team NTREIS MLS Access
01

Two School Districts, One City

Most of The Colony is in Lewisville ISD, but The Tribute is in Little Elm ISD, and Lewisville ISD redrew zones after closing B.B. Owen Elementary in 2025. The mailing address won’t tell you which applies. I confirm the district and campus for every address before you write an offer.

02

No MUD or PID Found, but We Still Check

No municipal utility district, water district or PID levy was found on homes in The Colony, including The Tribute and Austin Ranch. The Tribute’s TIF adds no homeowner tax. HOA dues are separate and can top $1,000 a year. I read the appraisal record and the HOA documents with you.

03

Same Value, About $390 Apart

On a $406,000 homestead at 2026 rates, a Lewisville ISD address pays about $6,020 a year and a Little Elm ISD address at The Tribute about $6,410, almost all from the school debt rate. Owners 65 and older pay less. I model your real bill.

04

Find the Flowage Line on Lakeside Lots

The Corps of Engineers holds flowage easements around Lewisville Lake, generally at or below the 537-foot elevation, where homes, fill and grade changes need Corps permission. A pool or addition near the water may not be possible. I get the survey before you fall for the view.

05

Map the Drive and the Tolls

SH 121 through the city is the Sam Rayburn Tollway, at 22 cents a mile with a TollTag. DCTA’s GoZone doesn’t serve The Colony, so plan on driving to Frisco, Plano or Lewisville. I map your commute at rush hour before you choose a street.

06

Prices Have Softened, So Price It Right

Redfin’s three-month median sale price was about $443,200 in August 2026, down 9.0 percent, with homes taking a median 44 days. Sales rose to 164, but 41 percent of listings cut their price. Sellers who price to recent comps on day one are still selling. I price to the comps and negotiate every concession.

07

I Will Tell You Not to Buy It

The Colony has real trade-offs: a second school district at The Tribute with a higher rate, paid entry at the lake parks, no transit, older homes in the original sections that need careful inspections, and electric service split between two providers. If any of that is a dealbreaker, you will hear it from me first.

Six things worth knowing before you start looking here

Confirm the school district and every taxing unit on the appraisal record. Second, order the HOA resale certificate right away. Third, find out whether Oncor or CoServ delivers the power, and ask for recent utility bills. Fourth, find the 537-foot line on a survey of any lakeside lot. Fifth, check the parcel on the FEMA flood map and read the seller’s flood disclosure. And sixth, map your commute to work and school before your option period ends.

Financing — four lenders I trust
Andrew Bryan, mortgage loan officer with Miramar Mortgage
Andrew Bryan Miramar Mortgage andrewthelender.com
Jennifer Nelson, mortgage loan officer with Eustis Mortgage
Jennifer Nelson Eustis Mortgage eustismortgage.com
Rachael Carter, mortgage loan officer with My TX Mortgage Team
Rachael Carter My TX Mortgage Team mytxmortgageteam.com
Taylor Fruge, mortgage loan officer with Lower Mortgage
Taylor Fruge Lower Mortgage lower.com

The Colony-specific things to raise with all four. Freddie Mac’s 30-year average was 7.28 percent on October 1, 2026. With typical prices near $406,000 to $443,000, many buyers fit within the conforming limit, so compare conventional, FHA and down payment assistance options. Make sure the payment estimate uses the right school district, since a Little Elm ISD address at The Tribute carries a higher rate, plus HOA dues, the city’s 5 percent homestead exemption and the $140,000 school exemption. I recommend these lenders based on their expertise and service. I do not receive compensation for referrals.

Ready to talk, or just have a question?

Either is fine. I answer my own phone, and you will never be routed to a call center or handed to a junior agent. Send me an address and I will tell you whether it’s in Lewisville ISD or Little Elm ISD, whether Oncor or CoServ delivers the power, whether it sits near the Corps flowage line, what the HOA charges, which school district serves it, what the full tax bill looks like and what’s planned nearby.

Bobby Franklin, REALTOR® · Legacy Realty Group – Leslie Majors Team · 214-228-0003 · northtexasmarketinsider.com

Information on this page is provided for general reference and is not legal, tax, insurance, environmental, engineering or lending advice. Tax figures use 2026 rates on an illustrative $406,000 homestead: City of The Colony $0.6275 after its 5 percent exemption, Lewisville ISD $1.0778 or Little Elm ISD $1.2252 after the $140,000 school exemption, and Denton County $0.183394 after a $5,000 exemption. Little Elm ISD’s 2026 rate and Denton County’s current exemptions weren’t confirmed. Figures are illustrations, not quotes. No special-district levy was found, but jurisdictions are property-specific. Market figures are Redfin’s three-month figures through August 2026; Redfin’s The Colony region includes some homes with Lewisville and Carrollton addresses. The flowage easement description is from the Corps of Engineers; easement lines vary by parcel. The toll is NTTA’s 2025–2027 rate. The mortgage rate is Freddie Mac’s Primary Mortgage Market Survey for October 1, 2026. Population figures are the 2020 census and the Census Bureau’s Vintage 2025 estimate. Historical facts are from the City of The Colony, the Handbook of Texas and D Magazine. School campus assignment is determined by address. All real estate services are provided through Legacy Realty Group. Equal Housing Opportunity.

Bobby Franklin Realtor®

Bobby Franklin

Realtor®

Serving DFW | Ellis County
16 Northgate Dr. Ste 100

Waxahachie, TX 75165

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