Colony Lake Homes for Sale

Welcome to Colony Lake, a picturesque subdivision nestled in the heart of Chapel Hill, North Carolina. This charming community offers a perfect blend of serene living and modern convenience, making it an ideal choice for families, professionals, and retirees alike. With its lush landscapes and tranquil lake views, Colony Lake is a hidden gem that captures the essence of Southern living.

As you explore this delightful neighborhood, you’ll find a variety of homes for sale, each designed to cater to diverse lifestyles and preferences. From contemporary single-family homes to cozy townhouses, Colony Lake boasts a range of architectural styles that reflect both comfort and elegance. Many of these residences feature spacious layouts, updated kitchens, and inviting outdoor spaces, perfect for entertaining or simply relaxing after a long day.

Living in Colony Lake means enjoying an abundance of amenities and recreational opportunities. Residents have easy access to walking trails, picnic areas, and the serene waters of Colony Lake itself, where you can enjoy fishing, kayaking, or just soaking up the sun. The community is also conveniently located near Chapel Hill’s vibrant downtown area, known for its eclectic dining, shopping, and cultural experiences.

With homes for sale in this sought-after subdivision, now is the perfect time to discover your dream home in Colony Lake. Experience the charm and warmth of this community, where neighbors become friends and every day feels like a getaway. Come and see for yourself why Colony Lake is the perfect place to call home!

Newest Colony Lake Homes for Sale

$350,000

3 Beds ⋅ 2 Baths ⋅ 10190086 MLS ⋅ ACTIVE Status

Meet Sir Richard: Charming, Turn-Key Living in the Heart of Colony Lake! Welcome to 212 Sir Richard Drive, a beautifully updated ranch home in the highly desirable Colony Lake neighborhood. No carpet, no projects, no waiting, just move-in-ready living! With a new roof, HVAC system, and heat pump installed in 2025, the major updates are already done for you. Step inside to discover a bright, open floor plan with 9-foot ceilings and an inviting flow between the living spaces. The gorgeous updated kitchen is a true highlight, featuring high-end stainless steel appliances and plenty of space for cooking, gathering, and entertaining. Thoughtful updates throughout the home create a fresh, modern feel while maintaining the warmth and charm that makes this home so inviting. Step outside and prepare to smile. The fenced backyard is one of the nicest in the neighborhood, offering a private retreat for relaxing, gardening, playing, or entertaining. The rear patio provides the perfect spot for morning coffee or evening gatherings with friends and family. Colony Lake offers an exceptional combination of convenience and lifestyle, with a community lake and tennis courts right in the neighborhood. And for everyday convenience, you can walk to Wegmans! Located near excellent schools, shopping, restaurants, parks, and the free Chapel Hill Transit bus route, this home puts the best of Chapel Hill living right at your fingertips. Turn-key, low-maintenance, beautifully updated, and wonderfully located, Sir Richard is ready to welcome you home.

212 Sir Richard Ln, Chapel Hill

$454,900

3 Beds ⋅ 2 Baths ⋅ 10177898 MLS ⋅ ACTIVE Status

Price adjusted. Sellers now offering a $5000 allowance with an acceptable offer. Nestled among mature trees with peaceful views of the neighborhood lake, this beautifully maintained one-level home offers the perfect balance of privacy, comfort, and convenience in desirable Colony Lake. Featuring 3 bedrooms, 2 bathrooms, and 1,700 square feet, the thoughtfully designed floor plan provides comfortable everyday living with inviting spaces for gathering and entertaining. Large windows, abundant natural light, and hardwood floors create a bright, welcoming feel throughout. A cozy family room with a fireplace opens to a spacious dining and gathering space that serves as the heart of the home. The kitchen features stainless steel appliances, a gas range, generous counter space, and a skylight that fills the room with natural light. Just beyond the kitchen, the rear entry with laundry offers additional flexible space for a breakfast nook, coffee bar, or drop zone. The private primary suite offers direct access to the rear deck and includes a spacious bath with dual vanities, a soaking tub, and a separate shower. Two additional bedrooms provide flexibility for guests, a home office, or hobbies. Recent improvements provide added value and peace of mind, including a new roof, siding, and water heater (2021), plus HVAC replacement (2019). Step outside to the expansive rear deck overlooking mature trees and the neighborhood lake, creating a peaceful setting for morning coffee, outdoor dining, or relaxing at the end of the day. Ideally located just minutes from UNC, Duke, shopping, dining, parks, and major commuting routes, Colony Lake residents also enjoy neighborhood tennis and basketball courts for added recreation. This move-in ready home combines thoughtful updates, tranquil outdoor living, and an exceptional Chapel Hill location. Some photos have been virtually staged to illustrate the home's potential.

107 Bay Colony Ct, Chapel Hill

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Listings provided courtesy of Triangle MLS, Inc. of NC, Internet Data Exchange Database. Information deemed reliable but not guaranteed. © 2026 Triangle MLS, Inc. of North Carolina. Data last updated .