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  • Zillow Home logoZestimate®
    $317,500

    5281 Reed Dr, The Colony, TX 75056

    3beds
    1,881sqft
    Single Family Residence
    Built in 1983
    -- sqft lot
    $317,500 Zestimate®
    $169/sqft
    $2,299 Estimated rent

    Home value

    $317,500

    $289,000 - $346,000

    $2,299/mo

    Zestimate® history
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    What's special

    Newly remodeled interiorAttached two-car garage

    Welcome home to 5281 Reed Dr. in The Colony! This newly remodeled 3-bedroom, 2-bathroom home offers approximately 1,881 square feet of comfortable single-story living with fresh updates, generous storage, and plenty of room to spread out. Step inside to find new flooring and carpet throughout and a refreshed kitchen featuring new appliances, including an oven and dishwasher. The spacious living room features a fireplace and built-in wet bar, while the additional flex space provides a great option for a home office, playroom, second sitting area, or hobby space. The oversized primary bedroom offers plenty of room to unwind, large closets, and a primary bath featuring a spacious walk-in shower. Built-in storage and multiple closets throughout the home make it easy to keep everything organized. Outside, enjoy a fenced backyard with room for relaxing, entertaining, or outdoor activities, plus the convenience of an attached two-car garage. Located in Lewisville ISD, this home puts you close to everything The Colony has to offerfrom shopping, dining, and entertainment at Grandscape to boating, fishing, trails, swimming, and outdoor recreation along Lewisville Lake and Stewart Creek Park. Pet deposit $400 per pet. Limit two pets. Cats or small dogs (35 lbs. max). Monthly pet fee $25-50 per pet. Resident Value Package $49 per month Property highlights include: 3 bedrooms / 2 full bathrooms Approximately 1,881 sq. ft. Newly remodeled interior New carpet New oven and dishwasher Spacious living room with fireplace Wet bar perfect for entertaining Flexible bonus/flex space Large primary bedroom Primary bath with large walk-in shower Built-ins and abundant closet/storage space Fenced backyard Attached 2-car garage Lewisville ISD Convenient to Grandscape, Lewisville Lake, parks, shopping, dining and entertainment AMENITIES: * Recently remodeled * New carpet * ample storage * 2 car garage By submitting your information on this page you consent to being contacted by the Property Manager and RentEngine via SMS, phone, or email.

    This property is not currently displayed as for sale or rent on Zillow. This may be different from what's on other websites or public sources.

    Zillow last checked:

    Listing updated:

    Source: Zillow Rentals

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 2
    • Full bathrooms: 2
    Rooms
    • Room types: Dining Room, Laundry Room, Master Bath
    Heating
    • Fireplace
    Appliances
    • Included: Dishwasher, Garbage Disposal, Microwave Oven, Range Oven
    Features
    • Bar, Ceiling Fan(s), Storage, Wet Bar
    • Has fireplace: Yes
    Interior area
    • Total interior livable area: 1,881 sqft

    Property

    Parking
    • Total spaces: 2
    • Details: Contact manager
    Features
    • Patio & porch: Patio
    • Exterior features: Dining Room, Fenced Yard, Large Closets, Master Bath, Storage
    • Fencing: Fenced Yard
    Details
    • Additional structures: Storage
    • Parcel number: R13457

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Condition
    • Year built: 1983

    Community & HOA

    Community
    • Deposit fee: $2,250
    • Application fee: $150
    HOA
    • Amenities included: Laundry, Storage
    Location
    • Region: The Colony

    Financial & listing details

    • Price per square foot: $169/sqft
    • Tax assessed value: $281,429
    • Annual tax amount: $5,442
    • Date on market: 8/8/2026
    • Date available: 08/10/2026
    • Lease term: 1 Year

    Price history

    DateEventPrice
    8/31/2026Listing removed$2,250$1/sqft
    Source: Zillow Rentals Report a problem
    8/27/2026Price change$2,250-6.1%$1/sqft
    Source: Zillow Rentals Report a problem
    8/8/2026Listed for rent$2,395$1/sqft
    Source: Zillow Rentals Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$5,442 -10.7%$281,429 -10.3%
    2024$6,092 -2.7%$313,910 -1.7%
    2023$6,259 -3.6%$319,393 +3.3%
    2022$6,494 +24.5%$309,339 +30%
    2021$5,215 +1.8%$237,912 +3.4%
    2020$5,124 +0.4%$230,034 +0.2%
    2019$5,101 +10%$229,490 +13.6%
    2018$4,637 +27.9%$201,981 +13.5%
    2017$3,625 $177,900 +14.6%
    2016$3,625 +15.9%$155,187 +5.9%
    2015$3,129 $146,476 +13.4%
    2014$3,129 $129,205 +5.6%
    2013$3,129 $122,346 -1%
    2012-- $123,548 +12.7%
    2011-- $109,650 -6.8%
    2010-- $117,637 -5.5%
    2009-- $124,436 +0.5%
    2007$2,958 -3%$123,868 +2.2%
    2006$3,050 +6.8%$121,171 +6.5%
    2005$2,856 $113,723 -3.6%
    2004-- $118,023 -2.4%
    2003-- $120,929 +1.6%
    2002-- $119,018 +14.9%
    2001-- $103,607
    Find assessor info on the county website

    Neighborhood: 75056

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $317,500
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    Estimated market value
    $317,500