The Colony, TX 75056
$339,900List Price
$2,871 Est. Mo. Payment
For a given home price of $339,900, the monthly mortgage is computed using a 5% down payment ($16,995) and a 7.5% annual interest rate, spread over 360 payments.
3
2
1
1,273ft2

Oracle Batie-Smith

Compass RE Texas, LLC.

, TX

Status

Available

Market MatchUP

How this home compares to similar 3 bedroom homes in The Colony
  • Price Comparison
    $158,605 lower
  • Home Size
    732 sq. ft. smaller
  • Built in 1975
    Older 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

21090404

Listed By

Oracle Batie-Smith
972-854-9277
Compass RE Texas, LLC.

Map

High School
The Colony
Elementary School
Morningside
High School District
Lewisville ISD
Middle Or Junior School
Clayton Downing
Tax Annual Amount
4327
This expanded setting will include additional fields to closer define your loan needs and payment amount.
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Estimated Monthly Payment

$2,871

Loan Amount

$322,905

This 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

Bathrooms Full
2

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
Garage Spaces
1
Lot Size Acres
0.147
Parcel Number
R07682

Pool Features

  • None
Property Type
Residential
Covered Spaces
1

Window Features

  • Window Coverings

Parking Features

  • Driveway
Property Sub Type
Single Family Residence
Attached Garage

Exterior Features

  • Rain Gutters

Community Features

  • Park

Patio And Porch Features

  • Covered
Virtual Tour
Validating link...

Flooring

  • Carpet
  • Laminate
Year Built
1975

Foundation Details

  • Slab

Architectural Style

  • Detached
  • Traditional

Construction Materials

  • Brick

Heating

  • Central
Heating

Utilities

  • Sewer Available
  • Water Available
  • Cable Available
11/21/2025
Active
(Current Listing)
$339,900
$267/sqft
11/8/2025
Price Change
$339,900 -1.5%
$267/sqft
10/18/2025
Price Change
$345,000
$271/sqft