Status
Market MatchUP
How this home compares to similar 3 bedroom homes in The Colony- Price Comparison$158,605 lower
- Home Size732 sq. ft. smaller
- Built in 1975Older than 93% of homes in The Colony
- The Colony Snapshot• 202 active listings• 46% have 3 bedrooms• Typical 3 bedroom size: 2005 sq. ft.• Typical 3 bedroom price: $498,504
Description
Welcome to 5512 Gates Drive, arguably the cutest affordable home in the neighborhood with a NEW PRICE and a full refresh! This stylish single story home is truly move-in ready, boasting 2025 new carpet in all bedrooms, 2025 fresh interior paint, an open-concept floor plan, and a 1-car garage; a rare find at this price point in The Colony. Step inside and experience a bright, modern living space that makes the most of every square foot. The open kitchen-to-living connection is ideal for hosting friends, cooking while staying part of the conversation, or simply enjoying a cozy night in. With 3 spacious bedrooms, 2 full baths, and a smart layout, the home works beautifully for first-time buyers, downsizers, or investors looking for long-term value. Sitting on a generously sized lot with semi-corner alley access, the backyard is a blank canvas ready for gardens, gatherings, or play. Major upgrades are already done for you: a 2022 foundation repair with a transferable warranty, 2025 insulation improvements, and a 2020 electrical panel upgrade—giving new homeowners peace of mind for years to come. Location is the cherry on top: just a short walk to a neighborhood park, minutes from lakeside fun, restaurants, shops, and all The Colony has to offer. Zoned to Lewisville ISD (The Colony schools). Modern updates, thoughtful features, and undeniable charm. This isn’t just a house—it’s the home people will be talking about. Come see it today and fall in love. Enjoy peace of mind with completed foundation work that includes a transferrable warranty. This home has been lovingly maintained and is ready for its next chapter. This is more than a house, it's home. Come see why it’s the one everyone will be talking about!
MLS Listing ID
Listed By
Map
Estimated Monthly Payment
$2,871Loan Amount
$322,905This calculator is illustrative, but your unique situation will best be served by seeking out a purchase budget pre-approval from a reputable mortgage provider. Start My Mortgage Application can provide you an approval within 48hrs.
Home Facts
Bathroom
Kitchen
Appliances
- Disposal
- Dishwasher
- Electric Range
Highlights
Interior Features
- Granite Counters
- Cable TV
- High Speed Internet
- Kitchen Island
- Decorative/Designer Lighting Fixtures
- Paneling/Wainscoting
- Pantry
- Eat-in Kitchen
- Open Floorplan
Roof
- Composition
Sewer
- Public Sewer
Levels
- One
Cooling
- Central Air
- Ceiling Fan(s)
Fencing
- Chain Link
Pool Features
- None
Window Features
- Window Coverings
Parking Features
- Driveway
Exterior Features
- Rain Gutters
Community Features
- Park
Patio And Porch Features
- Covered
Flooring
- Carpet
- Laminate
Foundation Details
- Slab
Architectural Style
- Detached
- Traditional
Construction Materials
- Brick
Heating
- Central
Utilities
- Sewer Available
- Water Available
- Cable Available