7281 Waters Edge Dr, The Colony, TX, 75056
About This Home
Situated within the exclusive Waters Edge gated community, this striking modern residence offers nearly 5,700 square feet of refined living designed for both elevated entertaining and everyday comfort. Built in 2022, the home blends contemporary architecture with thoughtful functionality, all se on a half-acre lot just moments from Lewisville Lake’s shoreline, scenic trails, and outdoor recreation. Inside, the home reveals an expansive open-concept floor plan filled with natural light and elevated design. The heart of the home is a chef-inspired kitchen featuring quartz countertops, a commercial-grade range, double ovens, pot filler, and an oversized island, creating the perfect space for both intimate gatherings and large-scale entertaining. The residence offers five spacious bedrooms and five full bathrooms plus a powder bath, providing exceptional flexibility for families or guests. A rare and highly desirable feature of the home is the presence of two primary suites (upstairs with a Lake view from Balcony) making it ideal for multigenerational living, extended guest stays, or ultimate privacy for homeowners. Each suite offers generous proportions, spa-inspired bathrooms, and expansive walk-in closets. Outdoor living is equally impressive. A covered patio overlooks the expansive backyard, providing a tranquil setting for relaxation or entertaining under the Texas sky. The beautifully landscaped lot includes a sprinkler system, private yard, and ample green space, offering both privacy and room to expand. Additional features include a three-car garage with direct access, energy-efficient systems, and proximity to major lifestyle amenities. Residents enjoy convenient access to lakeside recreation, boating, fishing, parks, and trails, while remaining minutes from dining, shopping, and entertainment.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 2022
Materials
- Foundation: Slab
- Roof: Composition
- Construction materials: Stucco
Type & Style
- Home type: SingleFamily
- Architectural style: Contemporary/Modern,Mid-Century Modern,Detached
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Double Oven,Disposal,Gas Oven,Gas Range
- Laundry features: Laundry in Utility Room
Bedroom
- Features: Ceiling Fan(s)
- Level: Second
- Dimensions: 0 x 0
Bedroom
- Features: Ceiling Fan(s)
- Level: Second
- Dimensions: 0 x 0
Bedroom
- Level: Second
- Dimensions: 0 x 0
Bedrooms & Bathrooms
- Bedrooms: 5
- Bathrooms: 6
- Full bathrooms: 5
- 1/2 bathrooms: 1
Bonus Room
- Level: Second
- Dimensions: 27 x 23
Features
- Built-in Features,Kitchen Island,Open Floorplan,Pantry,Vaulted Ceiling(s),Walk-In Closet(s)
- Flooring: Marble
- Number of fireplaces: 2
- Fireplace features: Living Room
- Fireplace: Yes
Half Bath
- Level: First
- Dimensions: 0 x 0
Heating & Cooling
- Heating features: Central
- Cooling features: Ceiling Fan(s),Electric
Interior Area
- Total interior livable area: 5,695 sqft
Kitchen
- Features: Built-in Features,Eat-in Kitchen,Kitchen Island,Stone Counters,Walk-In Pantry
- Level: First
- Dimensions: 0 x 0
Living Room
- Level: First
- Dimensions: 0 x 0
Master Bathroom
- Features: Dual Sinks,En Suite Bathroom,Garden Tub/Roman Tub,Separate Shower
- Level: First
- Dimensions: 0 x 0
Master Bedroom
- Features: En Suite Bathroom,Walk-In Closet(s)
- Level: First
- Dimensions: 24 x 23
Master Bedroom
- Features: Dual Sinks,Sitting Area in Primary,Walk-In Closet(s)
- Level: Second
- Dimensions: 23 x 22
Office
- Level: First
- Dimensions: 0 x 0
Other
- Features: En Suite Bathroom,Garden Tub/Roman Tub,Separate Shower
- Level: Second
- Dimensions: 0 x 0
Utility Room
- Features: Sink
- Level: First
- Dimensions: 0 x 0
Property
Details
- Parcel number: R191465
Features
- Levels: Two
- Stories: 2
- Pool features: None
- Patio & porch: Balcony,Covered
- Exterior features: Balcony,Private Yard
- Fencing: Fenced,Metal
- Has view: Yes
- View description: Water
- Has water view: Yes
- Water view: Water
Lot
- Lot size: 0.54 Acres
- Features: Acreage,Subdivision,Sprinkler System
Parking
- Total spaces: 3
- Parking features: Additional Parking,Door-Multi,Garage,Garage Faces Side
- Has garage: Yes
- Attached garage spaces: 3
- Covered spaces: 3
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Tornado
- Hail
- Cold Wave
- Heat Wave
- Ice Storm
- Strong Wind
How This Home’s Risks Compare
FEMA Declared Disasters Across Texas Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $6,826 | $81,912 |
| Home Insurance * | $851 | $10,212 |
| Property Taxes | $1,642 | $19,704 |
| Electricity | $625 | $7,504 |
| Total | $9,944 | $119,328 |
Income You'd Need if You Spent...
Texas FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-01 | Listed for sale | $1,350,000 |
| 2025-11-23 | Listing removed | $1,499,000 |
| 2025-10-28 | Price change | $1,499,000 |
| 2025-09-25 | Listed for sale | $1,595,000 |
| 2025-09-24 | Listing removed | $7,500 |
| 2025-09-17 | Listed for rent | $7,500 |
| 2025-08-20 | Listing removed | $1,699,000 |
| 2025-06-19 | Listed for sale | $1,699,000 |
| 2017-09-25 | Listing removed | $125,000 |
| 2017-09-10 | Pending sale | $125,000 |
| 2017-08-27 | Listed for sale | $125,000 |
For Sale by Agent
View on Zillow