1. Home
  2. Texas
  3. (private lake, pond, coastal)

Location! Location! Location! This Property has been updated $499,000

5016 Thompson Terrace, Colleyville, TX 76034

2 br, 2.0 ba, 1948 1119 sf
Tarrant County
Ad #: 7235436

Home Active Under Contract

Location! Location! Location! This Property has been updated. Exterior features include an inviting drive-up appeal with wood frame and siding exterior, covered front porch, huge lot with long driveway and concrete parking pad, maintained grounds with trees, and a backyard deck that faces the creek. Interior features include an open concept with combination living area and dining open to the kitchen. The kitchen and dining are separated by a long breakfast bar. The kitchen includes a dishwasher, sink, microwave, and electric range. There are 2 bedrooms with ensuite bathrooms, and a laundry room with room for a full-size washer and dryer. This property is a MUST SEE full of potential in the heart of a thriving business and high-end home community. Currently zoned R20 for residential use with surrounding properties zoned CC1, CN and R20. Buyer to verify zoning with the City of Colleyville Planning Commission. Buyer will be responsible for rezoning after closing and funding. Buyer to verify any rezoning allowance for any planned use. The Sellers also have 2 ADDITIONAL LOCATIONS FOR SALE: 5017 Colleyville Blvd zoned CC1-Village Retail w City approved Grant to assist w improvements (MLS 21166944)& 450 W Harwood in Hurst zoned PD (MLS 21138314). Buyer to verify all details & information provided. For more information, see the Transaction Desk.

Property Details

  • Beds: 2
  • Baths: 2.0
  • Sq Feet: 1119
  • Year Built: 1948
  • Location: (private lake, pond, coastal)
  • Acres: 0.538
  • Waterfront: Yes
  • County: Tarrant County
  • Community: Thompson Terraces Sub
  • Heat/AC: Central
  • Garage: Driveway
  • Roof: Composition
  • Stories: 1
  • MLS #: 21167060

Location

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Contact Information:

Contact Agent
Listing Agent: Tina Leigh, Tina Leigh Realty, 972-824-0631, 972-824-0631 Listing Site, Listing Status: Active Under Contract
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Ad Statistics:

Lake Home Active Under Contract in Colleyville, Texas
Ad Number : 7235436
Viewed: 39 times
Added: Feb 05, 2026
Updated on: Mar 17, 2026
All information provided is deemed reliable but is not guaranteed and should be independently verified.