The Colony is located in the fastest-growing area of the Dallas Fort Worth metroplex, just 35 minutes north of downtown Dallas along the southeastern shores of Lake Lewisville. The town has a reputation of being a young, progressive community, growing in residents and quality commercial development.
With Highway 121 running through the city, residents are ten minutes from the corporate headquarters of EDS, J.C. Penney, Frito Lay, and Dr. Pepper, and less than 25 minutes from the Dallas/Fort Worth International Airport. Alliance Industrial Airport in Fort Worth is only 40 minutes from The Colony. Interstate 35E is less than ten minutes west, and the Dallas North Tollway is five minutes east, making The Colony a prime site for retail and corporate development.
Over 400 major retail and business establishments include Home Deport Pizza Inn's corporate headquarters, Budget Suites, Comfort Suites, Trinity Medical Center North, Blue Sky Sports Center, The Tribute Golf Club, and Stewart Peninsula Golf Course, as well as the newly developed Hawaiian Falls Adventure Park.
The Colony shares history unique to this part of the state. The Colony was named after the historic Peters Colony Settlement, the only free land grant colony in the Republic of Texas. Some portions of the land for The Colony were purchased from descendants of the original settlers in the 1840s. The City of The Colony was incorporated in January, 1977.
The average home price in this Denton County community is $130,000 while houses range from $75,000 to $400,000 and property types include single family, multi-family, town homes and condominiums, acreage, horse properties, historic homes, vacation homes, and ranches.
The Colony is part of the Lewisville Independent School District, which boasts a 91.1% passing rate for all sections of the Texas Assessment of Academic Skills (TAAS) test according to the Texas Education Agency. The Colony is also within commuting distance to 34 campuses of private and state colleges and universities as well as community colleges.
Since The Colony is located along the southeastern shores of Lake Lewisville, it's appropriately nicknamed "the city by the lake." Other city amenities include a state-of-the-art multi-use sports facility and the Lakeside Community Theater.
In May 2007, the average home sales price for a single family home or condo in The Colony, TX was $167,547. While this data is collected from the MLS and deemed reliable, it is not guaranteed.
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