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LogoMali Gariani Realty
The Colony, TXLewisville ISD

Austin Waters

Newer amenity-rich enclave in the Austin Ranch area near the Tollway

Austin Waters is a newer single-family community on the west side of The Colony, part of the broader Austin Ranch development near the Dallas North Tollway. Homes here are mostly from around 2015 onward, so it reads much newer than The Colony's 1980s and 1990s stock, with modern floor plans, greenspace, and resort-style amenities. Its west-side location puts it close to the Tollway and the Plano/Frisco job corridors, and it is zoned to Lewisville ISD, with a Hebron High School feeder pattern.

Ask Mali About Austin WatersAll The Colony Neighborhoods

Price Range

~$450K – $800K (ask for current comps)

Property Types

Newer single-family (built ~2015 onward), Some attached / townhome-style product within Austin Ranch, Modern and transitional floor plans

Year Built

~2015–2020

HOA: ~$100–$150/mo (roughly $1,250/yr on some sections - confirm current dues)

Schools

Lewisville ISD

ElemHicks Elementary (Lewisville ISD)
MiddleArbor Creek Middle School (Lewisville ISD)
HighHebron High School (Lewisville ISD)

Commute & Access

~5 min to Dallas North Tollway · ~15 min to Legacy West / Plano · ~20 min to Frisco corporate corridor · ~35 min to Downtown Dallas

Highlights

What makes Austin Waters stand out

  • Newer homes (mostly ~2015+) - a modern alternative to The Colony's older stock
  • Part of the master-planned Austin Ranch area with greenspace and mature oaks
  • Resort-style community amenities and walking trails
  • West-side location minutes from the Dallas North Tollway
  • Zoned to Hebron High School (Lewisville ISD)
  • Close to Grandscape and the Plano/Frisco job corridors

Best Fit

Buyers who want newer construction and modern floor plans with quick Tollway access to Plano and Frisco jobs, at a Lewisville ISD / Hebron High School address, without paying Frisco or Prosper master-plan prices.

Nearby Amenities

  • Community pool and resort-style amenities
  • Walking and greenway trails
  • Parks and preserved greenspace / oak groves
  • Minutes from Grandscape shopping and dining
  • Quick access to the Dallas North Tollway
  • Nearby Austin Ranch retail and dining

Major Employers Nearby

  • Legacy West / Toyota North America, Plano (15 min)
  • JPMorgan Chase & Liberty Mutual, Plano (15 min)
  • Frisco corporate corridor (20 min)
  • Grandscape / Nebraska Furniture Mart & Scheels, The Colony (10 min)
  • Downtown Dallas via DNT (35 min)

Austin Waters: Frequently Asked Questions

What schools is Austin Waters zoned to?
Austin Waters is in Lewisville ISD, with a feeder pattern of Hicks Elementary, Arbor Creek Middle School, and Hebron High School. Zoning can differ by phase and address, so confirm your exact address with the Lewisville ISD boundary tool.
How new are the homes in Austin Waters?
Most homes date from around 2015 onward, which makes Austin Waters one of the newer neighborhoods in The Colony - a city that also has a lot of 1980s and 1990s housing. That means modern floor plans and finishes without buying brand-new.
What do homes in Austin Waters cost?
Recent activity has generally run in the mid-$400Ks to around $800K depending on size and lot, with attached product sitting lower than the larger single-family homes. The market moves, so ask for current comps before you set expectations.