Looking for a neighborhood in The Colony that blends amenities, convenience, and long-term value? With lake access, a growing retail and entertainment scene, and quick routes to major job centers, this corner of North Texas gives you a lot to love. Choosing the right master-planned community can make your day-to-day life easier and support your resale goals. In this guide, you’ll learn what to expect from master-planned living in The Colony, how to compare options, and what to know about the area’s most prominent community. Let’s dive in.
What “master-planned” means for you
Master-planned communities are designed from the ground up to offer a coordinated lifestyle. You typically see a master plan that guides land use, street layout, and architectural standards, plus on-site amenities like pools, parks, trails, and gathering spaces. Homes are released in phases and may include a mix of lot sizes and floor plans.
Most MPCs have active HOAs and deed restrictions to keep common areas maintained and curb appeal consistent. Many also include special districts, such as municipal utility districts (MUDs), that help fund infrastructure. These features can support community feel and resale, but you’ll want to understand fees, rules, and taxes before you buy.
Why buyers choose MPCs in The Colony
- Predictable neighborhood character and maintenance standards
- On-site amenities for recreation and social events
- Trail networks, parks, and planned green space
- Potential for steady demand due to cohesive planning
- Tradeoffs to weigh: HOA rules and fees, MUD taxes, and any active construction if the community is still building out
Canyon Falls at a glance
Canyon Falls is a prominent master-planned community that straddles The Colony and nearby areas. It’s known for amenity-led living with an emphasis on outdoor spaces and neighborhood events. If you want trails, pools, and multiple playgrounds within a planned setting, Canyon Falls is a strong option to put on your shortlist.
Key amenities
- Community pools and splash pads for warm-weather fun
- Multiple playgrounds and open green space
- Dog parks and areas for pets
- Pavilion and event lawn for gatherings
- Scenic lakes/ponds and miles of walking and biking trails
These amenities support an active lifestyle and help foster neighbor connections. When you tour, look at how amenities are maintained and ask about the community’s event calendar.
Homes and builders
Canyon Falls typically features a range of builders and home styles, from production to semi-custom options. You’ll see a mix of lot sizes and one- and two-story plans. Inventory and pricing change with market conditions, so ask your agent for recent MLS comps and active listings to understand current ranges.
Schools and boundaries
Most of The Colony is served by Lewisville Independent School District, though assignments can vary by address. Always verify the exact attendance zones for your prospective home using the Lewisville Independent School District resources or by contacting the district directly. If schools are a key factor for you, review objective measures like campus report cards alongside your personal school tour.
Taxes, HOA, and MUD
Property taxes in many DFW suburbs commonly total about 2% to 3% of assessed value when you combine city, county, and school district rates. Amenity-rich MPCs often have HOA dues to fund upkeep and programming. As a ballpark, some neighborhood HOAs may run about $25 to $100 per month, and highly amenitized communities may exceed that. If a MUD is present, it appears as an annual line item on your tax bill. To confirm tax rates and whether a property sits in a MUD, check the Denton County Appraisal District.
Commute and access
Canyon Falls benefits from The Colony’s access to major corridors and regional destinations. Proximity to shopping, dining, and entertainment is a lifestyle plus, with Grandscape serving as a major local anchor. Commute times vary by time of day, so test your route during your typical travel window.
Lifestyle anchors in The Colony
- Lake access: The Colony sits along the east shore of Lake Lewisville, offering convenient access to outdoor recreation.
- Retail and entertainment: Grandscape is a large mixed-use destination that draws dining, retail, and experiences to the area.
- Golf and recreation: Facilities like Old American Golf Club contribute to the local lifestyle and can influence nearby housing demand.
These anchors support both everyday convenience and long-term neighborhood appeal.
How to compare MPCs in The Colony
Use this checklist to evaluate any master-planned option in and around The Colony:
- Amenities and maintenance: Pools, trails, dog parks, fitness centers, and event programming. Ask how the HOA maintains facilities and funds reserves.
- Schools and boundaries: Confirm exact campus assignments with Lewisville ISD and review objective data alongside your personal criteria.
- Taxes and fees: Estimate your total cost by adding property taxes, HOA dues, and any MUD assessments. Verify specifics with the Denton County Appraisal District.
- Homes and pricing: Pull recent MLS comps for median sold prices and days on market by neighborhood and product type.
- Commute and access: Map your drive to major employment hubs and services at peak hours.
- Resale and builders: Ask about historical sales trends and builder warranties. Review CC&Rs for exterior standards that support curb appeal.
Smart buyer tips for MPC success
- Verify everything in writing: HOA dues, transfer fees, and MUD taxes can change. Request the latest statements before you finalize your offer.
- Read the CC&Rs: Pay attention to architectural control, rental rules, exterior maintenance, and guidelines for pools, fences, and additions.
- Plan for future phases: If the community is still building out, ask about timelines, amenity completion, and any nearby land planned for retail or roads.
- Compare similar homes: If you are deciding between two plans or lot sizes, analyze recent MLS comps for each to understand likely resale ranges.
- Confirm city and utility details: For zoning, plats, and infrastructure, consult the City of The Colony planning resources.
- Get a market snapshot: For a high-level view of growth trends, review U.S. Census Bureau QuickFacts for The Colony alongside local MLS data.
The bottom line
Master-planned living in The Colony gives you planned amenities, a cohesive neighborhood look, and easy access to the lake and regional destinations. Canyon Falls stands out as a leading example in and around the city, with a deep amenity set and a variety of home styles. The right fit comes down to your priorities for schools, commute, budget, and lifestyle. A guided comparison of taxes, fees, and neighborhood details will help you buy with confidence.
Ready to tour communities, clarify HOA and MUD costs, and compare live MLS data? Connect with the local team that knows the northern suburbs inside and out. Let’s get a coffee and map out your plan with Hunter Realty Group.
FAQs
How many master-planned communities are in The Colony?
- The Colony has at least one prominent master-planned community, Canyon Falls, and benefits from major nearby amenities like Grandscape and Old American Golf Club. Always verify community boundaries and active builders before you tour.
How much do HOA and MUD fees add to monthly costs?
- HOA dues vary by amenity level. Some neighborhood HOAs may be around $25 to $100 per month, while amenity-rich MPCs often exceed that. MUD assessments are annual and vary by district; confirm current figures with the Denton County Appraisal District.
Which school district serves master-planned communities in The Colony?
- Most addresses in The Colony fall within Lewisville ISD, but assignments depend on the specific property. Verify campus boundaries directly with the district using Lewisville ISD tools.
Should I prioritize amenities or resale when choosing an MPC?
- Balance both. Amenities support daily lifestyle and demand, while resale potential also depends on schools, lot size, builder quality, and local supply. Ask your agent for MLS comps and neighborhood trend data.
Do any communities in The Colony offer lake access?
- Neighborhoods near Lake Lewisville may offer convenient access to parks and marinas. For specific waterfront or lake-adjacent opportunities, confirm details with the HOA and the City of The Colony’s planning information before you buy.
