Austin Waters, The Colony
A boutique community of modern custom homes set against nature preserves and community green space — a quieter, design-forward corner of The Colony.
The vibe
Modern custom homes against nature preserve
Austin Waters is a boutique, design-forward community in The Colony — modern and transitional custom homes set against nature preserves and green space rather than packed onto tight lots. The feel is quieter and more architectural than the big master-plans, which is exactly its appeal.
Homes are newer custom and semi-custom builds, so you’re buying current design and systems, and the natural surroundings give it a calmer, greener setting. It’s served by Lewisville ISD, and its location keeps Grandscape and the SH-121 corridor close.
The trade-off is scale and inventory — it’s small, so homes trade infrequently and options are limited at any moment. For buyers who want modern architecture, nature and a boutique setting, that scarcity is part of the charm.
Who it fits
- Buyers who want modern or transitional architecture
- Anyone who values nature-preserve surroundings and green space
- People who prefer a small, boutique community over a mega master-plan
- Design-conscious buyers who want newer custom construction
Who it doesn’t
- Buyers who want a large resort-amenity package
- Anyone needing lots of inventory to choose from
- People who want a big private yard on a large lot
Market pulse
Approximate figures reflecting recent NTREIS market activity. Numbers move month to month — confirm current data before deciding.
Typical range
~$550K to $1.2M
Median sale price
~$720K
Price per sq ft
~$240–$300/sq ft
Median days on market
~30–55 days
Active listings
Limited — boutique community
Schools
Austin Waters is served by Lewisville ISD
Lewisville ISD. Austin Waters is served by Lewisville ISD. Verify assignments by exact address, as The Colony spans districts.
Verify the assigned campuses for the exact address before you write an offer. I check this on every property, without exception.
What’s nearby
Adjacent nature preserves and green space — trails and quiet
Grandscape — Nebraska Furniture Mart, dining and entertainment nearby
Sam Rayburn Tollway (SH-121) — fast access to Frisco, Plano and the airport
Lewisville Lake — shoreline recreation a short drive away
The Colony’s parks and recreation
Retail and dining along the SH-121 corridor
Before you buy here
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Boutique means thin inventory
Few homes and infrequent sales make pricing a judgment call. Be ready when the right one appears.
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Verify the school district
The Colony spans districts — confirm the exact district and campus for the address.
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Modern design specifics
Contemporary homes have particular maintenance and finish considerations. Inspect with that in mind.
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Preserve-adjacent lots
Backing to a preserve is a premium and a lifestyle. Confirm boundaries and any restrictions.
Questions about Austin Waters, The Colony
Modern and transitional custom and semi-custom homes, set against nature preserves and green space.
Lewisville ISD — but verify the exact district and campus by address, since The Colony spans districts.
Generally the $550Ks into the $1.2M range depending on size and lot. See the market table above.
No — it’s boutique and design-forward, which means limited inventory and a quieter setting.
See current Austin Waters listings
Love modern design and nature? Let’s talk.
The details on this page — neighborhood descriptions, amenities, school assignments, and the market figures above — are provided for general guidance only and are believed accurate at the time of writing. Real estate market conditions, pricing, inventory, HOA rules, and school-district boundaries change frequently and vary by exact address. Nothing here is a guarantee, appraisal, or offer of representation, and it should not be relied upon as the sole basis for a real estate decision. Please verify all information independently and contact Maryam Bokhari for current, address-specific details.