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$329,900 Sale Pending

  • For Sale
  • Pending
  • Single Family
  • 3 Beds
  • 2 Full Baths
  • 0.147 Acres
  • 1 Car Garage
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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!

Full Property Details for 5512 Gates Dr

General

  • Price: $329,900
  • Taxes: $4,327
  • Status: Pending
  • Type: Single Family
  • Source: NTREIS
  • MLS ID: 21090404
  • Updated: 1/2/2026
  • Added to Site: 91 day(s) ago

Interior

  • Interior Features: Decorative/Designer Lighting Fixtures, Eat-in Kitchen, Granite Counters, High Speed Internet, Kitchen Island, Open Floorplan, Pantry, Paneling/Wainscoting, Cable TV
  • Appliances: Dishwasher, Electric Range, Disposal
  • Flooring: Carpet, Laminate

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2

Bedrooms

  • Total Bedrooms: 3

Exterior

  • Exterior Features: Rain Gutters
  • Porch/Patio/Deck: Covered

Parking

  • Garage: Yes
  • Attached garage: Yes
  • Garage Spaces: 1
  • Covered Spaces: 1
  • Parking Features: Driveway

Location

  • County: Denton
  • Subdivision: Colony 11
  • Driving Directions: Use GPS

School Information

  • Elem School District: Lewisville ISD
  • Midd School District: Lewisville ISD
  • High School District: Lewisville ISD
  • Elementary School: Morningside
  • Middle School: Clayton Downing
  • High School: The Colony

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Central Air, Ceiling Fan(s)
  • Heating Type: Central

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Cable Available: Yes
  • Utility Description: Sewer Available, Water Available, Cable Available

Structural Information

  • Property Detached: Yes
  • Architectural Style: Traditional, Detached
  • Structure Type: House
  • Detached/Attached: Detached
  • Construction: Brick
  • Roof: Composition
  • Windows: Window Coverings
  • Stories/Levels: 1
  • Living Area: 1,273 Sq. Ft.
  • Year Built: 1975

Lot Features

  • Lot Size (Acres): 0.147
  • Lot Size (Sq. Ft.): 6,403.32
  • Lot Size Source: Public Records
  • Lot Features: Back Yard, Interior Lot, Lawn, Level, Few Trees
  • Fencing (Description): Chain Link

Financial Considerations

  • For Sale/Rent/Lease: For Sale
  • Tax Amount: $4,327
  • Terms: Cash, Conventional, FHA, VA Loan

Disclosures and Reports

  • Documents Avail.: Aerial
  • Legal Description: COLONY NO 11 BLK 70 LOT 9
  • Property ID: R07682
  • Block: 70
  • Lot Number: 9

Listed by Compass RE Texas, LLC., Oracle Batie-Smith

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Listing agent

— 5512 Gates Dr —

  • Oracle Batie-Smith

    Compass RE Texas, LLC.

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 5512 Gates Dr

School District:Lewisville Independent School District
NameGradesDistance
Peters Colony Elementary School
5101 Nash Drive, The Colony, TX 75056
PK-50.5 mi
Griffin Middle School, The Colony, TX
5105 North Colony Boulevard, The Colony, TX 75056
6-80.6 mi
The Colony High School
4301 Blair Oaks Drive, The Colony, TX 75056
9-121.6 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 5512 Gates Dr Get Price Alerts and Save Property

Date
Details
Price
Change
Source
12/12/2025
Price Reduced
$329,900
-2.94%
MLS
11/07/2025
Price Reduced
$339,900
-1.48%
MLS
10/18/2025
Listed
$345,000
—
MLS
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 5512 Gates Dr

Year
Property Taxes
Change
Tax Assessment
Change
2024
$4,638
-5%
$222,982
-7%
2023
$4,907
—
$238,989
-5%
2023
$4,907
23%
$250,433
38%
2021
$3,991
-15%
$182,113
-18%
2022
$4,677
33%
$222,801
41%
2020
$3,526
1%
$158,293
1%
2019
$3,478
5%
$156,469
8%
2018
$3,323
8%
$144,752
9%
2017
$3,076
5%
$133,128
7%
2016
$2,916
12%
$124,846
16%
2015
$2,603
8%
$108,082
8%
2014
$2,419
6%
$99,876
6%
2013
$2,289
—
$93,820
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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with our affiliated lender
NMLS#: 1598647

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Listed by Compass RE Texas, LLC., Oracle Batie-Smith

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5512 Gates Drive, The Colony, TX 75056 (MLS# 21090404) is a Single Family property with 3 bedrooms and 2 full bathrooms. 5512 Gates Drive is currently listed for $329,900 and was received on October 18, 2025. Want to learn more about 5512 Gates Drive? Do you have questions about finding other Single Family real estate for sale in The Colony? You can browse all The Colony real estate or contact a Coldwell Banker agent to request more information.

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