5512 Gates Drive
The Colony, TX, 75056 $ 329,900
Bedrooms3 Baths2.0 Sq 1,273 Monthly Estimate*
$ 2,058
for $329,900 with 3 bedrooms and 2 full baths. This 1,273 square foot home was built in 1975 on a lot size of 0.147.
Open House This Weekend! 2pm-4pm! 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!
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FeaturesInteriorInterior Features Cable TV Available Decorative Lighting Eat-in Kitchen Granite Counters High Speed Internet Available Kitchen Island Open Floorplan Pantry Wainscoting
Flooring Carpet Laminate
Basement Y/N 0
Dining Areas 1
Living Areas 1
Half Baths 0
Total Bedrooms 3
Total Baths 2
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GeneralHeating Central
Cooling Ceiling Fan(s) Central Air
Utilities City Sewer City Water
Possession Negotiable
Roof Composition
Appliances Dishwasher Disposal Electric Range
Number of Garage Spaces 1
School District Lewisville ISD
Pool Y/N 0
Year Built 1975
Architctural Style Traditional
Community Features Park
Levels One
Property Subtype Single Family Residence
Subdivision Name Colony 11
Transaction Type For Sale
County Denton
Property Type Residential
Construction Materials Brick Siding
Year Built Details Preowned
Accessory Unit Y/N N
HOA Type None
Special Notes Aerial Photo
Full Baths 2
Status Active
Directions Use GPS
City The Colony
Elementary School Name Morningside
High School The Colony
Elementary School Morningside
Standard Status Active
Listing Terms Cash Conventional FHA VA Loan
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ExteriorWaterfront 0
Exterior Features Covered Patio/Porch Rain Gutters
Lot Features Few Trees Interior Lot Level Lrg. Backyard Grass
Fencing Chain Link
Lot Size Source Public Records
Parking Features Driveway
Lot Size Less Than .5 Acre (not Zero)
Foundation Slab
Structural Style Single Detached
Garage Y/N 1
Attached Garage Y/N 1
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* Excluded FeaturesList ByOracle Batie-SmithListing Agent
Compass Re Texas, Llc.Broker
Affordability Calculator
- Monthly Principal & Interest
- $2,058
- Monthly Property Taxes
- $361
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbySingle family listings in The Colony, TX
Average List Price $623,242
Percent of Sale Price 89%
About The Colony, TX 49,112 Population
84% Since 2002
$ 75,722 Median Income
36.15 Median Age
34% Households with Children
Trends Information provided by ATTOM Data Solutions.
3941902 Elementary School
5136239 Middle School
Pricing History| Date | Price | Price Change | Description |
|---|
| 12/12/2025 | $329,900 | -2.94% | Price Down |
| 11/8/2025 | $339,900 | -1.48% | Price Down |
| 10/18/2025 | $345,000 | | Listed Price |