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
Price:
$499,000
MLS #:
21167060
Status:
Active Under Contract
Beds:
2
Baths:
2
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
Thompson Terraces Sub
Listed Date:
Feb 5, 2026
Finished Sq Ft:
1,119
Lot Size:
23,435 sqft / 0.54 acres (approx)
Year Built:
1948
See this Listing
Schools
School District:
Grapevine-Colleyville ISD
Elementary School:
Bransford
Middle School:
Colleyville
High School:
Grapevine
Interior
Bathrooms Full
2
Cooling
Central Air, Electric
Flooring
Carpet, Engineered Wood, Tile
Heating
Central
Interior Features
Decorative Lighting, Second Primary Bedroom
Number Of Living Areas
1
Exterior
Lot Size Area
0.5380
Waterfront Features
Creek
Financial
Map
Community
- Address5016 Thompson Terrace Colleyville TX
- SubdivisionThompson Terraces Sub
- CityColleyville
- CountyTarrant
- Zip Code76034
Subdivisions in Colleyville
- Ashmore Add
- Beldon Hollow
- Bridlewood Estates
- Brighton Oaks
- Brook Meadows Add
- Broughton
- BYAS, J L SURVEY ABSTRACT 180
- Carmel Place Estates
- Castleton Manor
- Clairemont
- Clairemont Add
- Collyeville Ph 2c
- Cooper Add
- Copperglen Add
- Creekside
- Creekside at Colleyville
- Creekside Colleyville Ph 3
- Dunn Sub
- Eastpointe Ter
- Emerald Park Add
- Fair Way Add
- Fair Way Addition
- Fox Meadows Add
- Heritage Oaks Colleyville
- Highland Acres Add
- James Richard Babb
- K Bar G Estates Add
- Lakes Of Somerset The
- Lavaca Trail Estates
- Legacy North
- Longwood Estates Ross Down
- Longwood Plaza
- Longwood Plaza Ofc Park Condo
- Marvin Babb Add
- Mill Creek Add
- Mitcham Acres Add
- Monticello Addition
- Oak Alley Estates
- Oak Alley Estates Add
- Oak Crest Hills
- Oak Knoll North Add
- Oaks The Colleyville
- Old Grove Add
- Park Hill
- Pebble Hill Plantation Estates
- Reatta Place
- Redus Add
- Reserve At Colleyville
- Rockrimmon
- Ross Downs
- Ross Downs Estates
- Rustic Oaks Add
- Saddlebrook Add
- San Bar Square Add
- See Plat
- Shadowood Trail Condo
- Shanklin Farm Add
- Somerset Manor
- Summertree III
- Sunrise Terrace Add
- Tara Plantation Add
- TBD
- Teeter
- The Reserve at Colleyville
- The Village at Colleyville
- Timarron Village H Colyvle
- Towne Square Add
- Village At Colleyville Condos
- Western Trails
- Western Trails Colleyville
- Wiggins Add
- Windview Add
- Woodbriar Estates Add
- Woodbriar Estates West Add
- Woodland Hills Colleyville
Market Summary
Current real estate data for Single Family in Colleyville as of Mar 14, 2026
73
Single Family Listed
75
Avg DOM
351
Avg $ / SqFt
$1,536,680
Avg List Price
Property Summary
- Located in the Thompson Terraces Sub subdivision, 5016 Thompson Terrace Colleyville TX is a Single Family for sale in Colleyville, TX, 76034. It is listed for $499,000 and features 2 beds, 2 baths, and has approximately 1,119 square feet of living space, and was originally constructed in 1948. The current price per square foot is $446. The average price per square foot for Single Family listings in Colleyville is $351. The average listing price for Single Family in Colleyville is $1,536,680. To schedule a showing of MLS#21167060 at 5016 Thompson Terrace in Colleyville, TX, contact your Spencer TX Real Estate, LLC agent at (817) 937-8532.
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