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Little Elm, TX 75068
  • 8 Beds
  • 6 Baths
  • 4,029 sqft
$1,650,000

About this home

NEW LOWER PRICE! Removed property (lot 37) outside gate.
RARE LAKEFRONT INVESTMENT PORTFOLIO - PRIVATE COMPOUND - DEVELOPMENT OPPORTUNITY - LEWISVILLE LAKE

Exceptional opportunity to acquire 6 contiguous lakefront lots on Lewisville Lake, featuring 3 fully renovated single-family residences with immediate income potential and future redevelopment upside.

Renovated in 2022, all 3 homes were taken to the studs and updated with modern finish-outs, new HVAC systems, water heaters, and major system improvements—creating a turnkey portfolio with reduced near-term capital needs.

Currently operating as established short-term rentals, the properties offer multiple income streams while preserving flexibility for continued rental operations, redevelopment, expansion, or long-term hold.

The three residences are located within a private electric-gated lakefront compound at the end of a quiet cul-de-sac, creating an exclusive retreat setting rarely found on Lewisville Lake. Two homes offer unobstructed lake views, while the remaining residence provide privacy and flexibility.

Owners and guests enjoy access to nearly .8 acres of lakefront recreation with resort-style amenities including a hot tub, water toy storage, kayaks, fishing equipment, swim platforms, and outdoor gathering areas.

Property Details:
5861 Dorothy Ln – 1,524 SF, 4 Bed 3 Bath 7,500 SF Lot
5671 Dorothy Ln – 1,645 SF, 3 Bed 2 Bath 7,950 SF Lot
1208 Dorothy Ln – 837 SF, 2 Bed 1 Bath 5,000 SF Lot

Lakewood Village continues to transform as older lake homes are redeveloped into premium waterfront properties, creating a rare opportunity to secure substantial lake frontage before future appreciation.

Ideal as a turnkey investment, private family compound, luxury retreat, or development opportunity.

PRICE REDUCTION AS A RESULT OF TAKING OUT PARCEL R44604 AND SELLING SEPARATELY. YOU CAN STILL PURCHASE 5660 DOROTHY WITH THESE HOMES AS WELL. MLS #21350750

Overview

Full Baths
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Half Baths
1
Bathrooms
6
Bedrooms
8
Building Area
0
Levels
Two
Living Area
4029
Lot Size (Acres)
0.8471
Property Subtype
Single Family Residence
Property Type
Residential
Status
Active
Year Built
1961

Interior

Appliances
Dishwasher, Electric Cooktop, Disposal, Microwave, Washer
Cooling
Multi Units
Fireplace Features
Living Room, Masonry
Fireplaces
2
Flooring
Ceramic Tile, Engineered Hardwood
Heating
Central, Propane
Interior Features
Chandelier, Cathedral Ceiling(s), Decorative/Designer Lighting Fixtures, Double Vanity, Eat-in Kitchen, High Speed Internet, Kitchen Island, Loft, Cable TV

Exterior & Construction

Architectural Style
Other
Construction
Frame, See Remarks
Exterior Features
Fire Pit, Private Entrance, Storage
Foundation
Pillar/Post/Pier
Lot Features
Acreage, Back Yard, Cul-De-Sac, Irregular Lot, Lawn, Many Trees, Retaining Wall
Roof
Composition

Parking

Covered Parking
0
Garage Spaces
0

Location & Area

City
Little Elm
County
Denton
School District
Little Elm ISD
ZIP Code
75068
State
TX
Subdivision
Rocky Point

Financial

Price
1650000

Utilities

Sewer
Septic Tank
Utilities
Electricity Connected, Septic Available, Sewer Not Available, Cable Available

Listing Details

Listing Agent
Christine Crandall Hamparyan
Listing Office
Christie's Lone Star
MLS #
21311472
Virtual Tour
https://www.propertypanorama.com/instaview/ntreis/21311472

Listing agents

Listing AgentChristine Crandall HamparyanChristie's Lone Star

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