Denton County · Lewisville Lake
Living in The Colony
Lake access and Grandscape's entertainment at prices below neighboring Frisco.
Home typesSingle-family, Lakefront, New build (limited)
Home ageMostly 1970s–1990s, with newer pockets
LotsStandard lots; lakefront and lake-adjacent options
HOAMany older areas have no mandatory HOA
School districtsLewisville ISD
Getting around
SH 121 reaches Frisco, Plano and the Legacy corridor quickly. Dallas is a longer drive.
- Downtown Dallas ~37 min 25 mi
- Legacy West (Plano) ~11 min 5 mi
- DFW Airport ~30 min 20 mi
- Downtown Fort Worth ~49 min 41 mi
Off-peak drive estimates from OpenStreetMap routing (OSRM), measured from each area's center on 2026-10-21. Rush hour is often much longer.
2025 property tax rates
| Location | City | School district | County | Total |
|---|---|---|---|---|
| The Colony (Denton County, Lewisville ISD) | 0.63 | 1.1178 | 0.1859 | 1.9337% |
2025 tax rates per $100 of value, from Republic Title's 2025 DFW Area Tax Rates (compiled from county appraisal districts). County column includes county, community college and hospital districts where they apply. Excludes MUD/PID and special districts, and is before homestead exemptions.
Strengths
- Lake lifestyle
- Value relative to Frisco
- SH 121 access
Tradeoffs
- Older housing stock
- Longer drive to Dallas
- Limited new construction
Nearby
Grandscape, Lewisville Lake shoreline, The Tribute golf, Stewart Creek Park
Development watch
Grandscape's entertainment and retail district continues to expand.