$264,450
9203 Penfield Dr, Iowa Colony, TX, 77583
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Welcome Home! This beautiful one story home is situated on a corner lot in the Master Planned Community of Sterling Lakes. This home features three bedrooms, two full bathrooms, and light and bright finishes throughout! It's ideally located in close proximity to Sanchez Elementary School, Neighborhood HEB, and the coming soon, Crystal Lagoon Development. The kitchen features granite countertops, stainless steel appliances, & a breakfast bar. It opens to the living room to make entertaining & enjoying the house a breeze. The primary bedroom features an en-suite bath with a double vanity, and two walk in closets. Enjoy the outdoors by taking evening walks around the neighborhood, and kicking back in your very own backyard which features a beautiful and cozy covered patio, perfect for having dinner or just being outside. Residents are allowed to utilize Sierra Vista & Sterling Lakes amenities.
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Learn About the Market: Opportunity in Texas




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Texas
Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.
Population Growth
~1.3% annually
Net Migration
Positive
Median Home Price
$283,800
Unemployment Rate
4.3%
Price Trend
Flat
New Permits
158,121
City: Iowa Colony
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These are Deal List properties graded A+, A.
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