One of the highlights of Austin's Colony is the array of nearby recreational options. Residents can enjoy the Colony Park District Park, a 93-acre green space developed with funding and project coordination from various organizations, including the Austin Parks Foundation. This park features multi-use trails, an all-inclusive children's play area, a multi-purpose field, a baseball/softball field, and a pavilion, among other amenities. Fitness enthusiasts are catered to with fitness plazas along a walking trail, funded in part by Dell Technologies Match Play. Additionally, the park is adorned with the Peace and Harmony Mural, a 30 x 60 feet artwork by local artist Tyson D. Davis, located on the Turner Roberts Recreation Center's auxiliary building.

For daily needs and leisure, East Austin, the broader area encompassing Austin's Colony, is rich in culture, entertainment, and dining options. The region is known for its experimental theaters, music venues, and a high concentration of food trucks. The area is also home to several parks and hip cafes, providing ample opportunities for relaxation and recreation. Notable attractions include Edward Rendon Park at Festival Beach, Lady Bird Lake, Govalle Park, Rosewood Park, Huston-Tillotson College, the French Legation Museum, and the Carver Library.

Families residing in Austin's Colony have access to quality education through the Austin Independent School District (ISD). The district is known for its innovative curriculum and strong extracurricular programs. Additionally, there are specialized magnet programs for gifted students, such as the Liberal Arts and Science Academy and the Kealing Magnet Program, enhancing the educational opportunities in the area.

Real estate in Austin's Colony predominantly comprises single-family homes, with properties built between 1986 to 2016. These homes typically range from 1201 to 2179 square feet, offering 3 to 4 bedrooms and 1 to 3 bathrooms. The architectural styles in the area reflect the diversity and evolving nature of East Austin, with homes ranging from eco-friendly bungalows with metal roofs to beautifully restored mid-century ranch homes.

Residents of Austin's Colony are drawn to the area for its peaceful environment, coupled with the convenience of being close to urban amenities. The community's location, recreational offerings, educational facilities, and diverse real estate options make it a desirable place for a wide range of individuals, from young professionals to retirees, seeking a balanced lifestyle in Austin​​​​​​​​​​​​.