The Colony Real Estate
Affordable lakeside living with Grandscape entertainment
The Colony is an affordable lakeside alternative to pricier neighbors like Frisco and Plano, offering Lewisville Lake access and the Grandscape entertainment district at significantly lower price points. The city has reinvented itself around Grandscape - a massive mixed-use development featuring Nebraska Furniture Mart, restaurants, and entertainment that rivals any destination in DFW. Located in Lewisville ISD with schools comparable to more expensive districts, The Colony delivers excellent value for families who want amenities without the premium pricing. The lakefront location adds recreational opportunities unavailable in landlocked suburbs.
$425,000
$300K - $0.9M
Why The Colony?
Schools
- Lewisville ISD serves The Colony - A-rated district
- The Colony High School with strong academic and athletic programs
- Griffin Middle School - highly rated
- Newer school facilities as district has grown
- Strong community involvement in schools
- Comparable academic outcomes to Frisco ISD at lower home prices
Parks & Recreation
- Lewisville Lake shore access and marinas
- Stewart Creek Park and Golf Course
- Hawaiian Falls waterpark
- Grandscape outdoor entertainment spaces
- Shoreline Trail along Lewisville Lake
Kristy's Local Tip
"The Colony is my recommendation for buyers who want the Frisco lifestyle without the Frisco price tag. You're getting Grandscape entertainment (which rivals anything in Frisco), Lewisville Lake access, and excellent LISD schools at prices 15-25% below Frisco medians. The Tribute offers genuine lakefront living with golf course amenities. Cascades provides resort-style community feel. The trade-off is that The Colony doesn't have the same prestige or appreciation trajectory as Frisco, but for families prioritizing value and lifestyle over investment returns, it's an excellent choice. The current median around $425,000 buys significantly more house than you'd get in neighboring cities."
The Colony FAQs
How does The Colony compare to Frisco?
The Colony offers similar amenities (Grandscape rivals Frisco entertainment) and good schools (LISD) at 15-25% lower prices. Frisco has Sports City prestige and Frisco ISD, but The Colony provides better value with lake access that Frisco lacks. For budget-conscious families, The Colony is the smart choice.
What is Grandscape?
Grandscape is a massive 400+ acre entertainment and shopping destination featuring Nebraska Furniture Mart (the largest in Texas), restaurants, entertainment venues, and outdoor spaces. It's one of the largest mixed-use developments in the region and rivals any destination in DFW.
What school district is The Colony in?
The Colony is served by Lewisville ISD, an A-rated district with strong academics and athletics. The Colony High School is well-regarded. LISD offers comparable academic outcomes to Frisco ISD at significantly lower home prices.
Is The Colony affordable?
Relatively yes - The Colony offers the best value in the Frisco-adjacent area with a median around $425,000. You get lake access, Grandscape entertainment, and excellent schools at prices 15-25% below Frisco and comparable to less-amenity-rich suburbs.
The Colony Real Estate Insights
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