The Colony: The Tribute, Stewart Peninsula & South Shore Communities

The Tribute

The Tribute is the most distinctive residential community on the south shore of Lewisville Lake -- a master-planned golf and lake community developed on a narrow peninsula that extends into the lake, with water on three sides of most homesites. The Golf Clubs at The Tribute operates two 18-hole courses on the peninsula, designed around the links-style character of the Scottish coastline with dramatic lake views from most holes. The community has attracted buyers who want the combination of golf lifestyle and lake access in a setting that is physically dramatic by DFW suburban standards -- surrounded by water on three sides, the peninsula feels more like a destination community than a suburban subdivision.

Homes in The Tribute range from townhomes and patio homes on the interior of the peninsula to larger custom and semi-custom homes on lake-view lots. Most properties have views of the lake but not direct water frontage with boathouse access -- The Tribute is a lake-view and lake-proximity community more than a waterfront-dock community. Golf membership and access to the community's amenities are separate from property ownership and involve their own fee structure. Buyers interested in The Tribute should review the HOA CC&Rs carefully, including the STR rules, which restrict short-term rental activity within the community.

Stewart Peninsula

Stewart Peninsula is adjacent to The Tribute and occupies the shoreline south of the Tribute peninsula on the Colony's lake frontage. Unlike The Tribute's golf focus, Stewart Peninsula is primarily a lakeside residential community with parks, trails, and a more open character. Custom and semi-custom homes on waterfront and water-view lots make up the primary housing stock. Stewart Creek Park, a Corps of Engineers park at the peninsula's tip, provides public boat ramp access and green space that connects the community to the lake itself. Stewart Peninsula residents value the waterfront setting with more residential privacy than The Tribute's amenity-heavy golf community character.

Established Colony Neighborhoods

Beyond The Tribute and Stewart Peninsula, The Colony has extensive established residential neighborhoods that developed through the 1980s, 1990s, and 2000s. These neighborhoods are primarily single-family homes on conventional lots, served by LISD schools, and represent the city's residential majority outside the signature communities. They provide more affordable access to Colony's amenity advantages -- Grandscape proximity, LISD schools, lake access via the city's parks -- without the HOA fee structure and community rules of the master-planned developments.

The established Colony neighborhoods closest to the lake -- in the western portions of the city near the lake shore and Stewart Creek -- offer lake-access or lake-view properties at lower per-square-foot prices than The Tribute or Stewart Peninsula premium addresses. Buyers seeking affordability while maintaining Colony's community advantages should focus their search here. Some of these older lakefront streets have properties with existing boathouse permits that represent more affordable access to the private dock experience than the more sought-after Highland Village waterfront.

Schools: Lewisville ISD

All Colony residents are served by Lewisville ISD (LISD), the same district that serves Highland Village, Flower Mound, and Hickory Creek. The Colony's primary high school is Hebron High School, with some Colony areas also feeding into The Colony High School (which despite its name is a LISD school serving both Colony and Lewisville students). LISD has a long track record and established community support infrastructure -- parent organizations, booster programs, and feeder system depth -- that the newer LEISD in Little Elm is still developing. For families who prioritize school district track record over newness, LISD's Colony schools deliver it.

The Location Advantage

The Colony sits in a particularly well-positioned spot within the DFW geography. The city is within 15 to 20 minutes of the Legacy/Frisco corporate corridor -- the largest single concentration of major employer offices in DFW and home to Toyota, Liberty Mutual, JPMorgan Chase, and dozens of technology companies. The Dallas North Tollway provides direct connectivity. Grandscape, one of North Texas's largest mixed-use entertainment and retail developments, is within the city limits of The Colony. And the south shore lake position provides the most direct access to the main body of Lewisville Lake for boating. The combination of employer proximity, LISD schools, lake access, and retail completeness makes The Colony's position among the strongest of any Lewisville Lake community for full-time family buyers.