$1,650,000
Price decreased by $345,000 on Aug 08, 2026

Single Family Home/House Little Elm United States

  • 8 Beds
  • 6 Baths
  • 4,029 Sqft
  • 36,900 Sqft lot
  • Updated: August 8
  • 1
    Views for last 30 days
  • MLS#21311472

About the Property

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 t
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 #
  • Property type

    House

  • Year built

    1961

  • Price/sqft

    $409

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5671, 5681, 5660, 1208 Dorothy Lane, Little Elm, Texas, United States View on Google Maps
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Christine Crandall
Texas, United States
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1
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2025
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Christie’s International Real Estate @properties lone star - Frisco
Christie’s International Real Estate @properties lone star - Frisco
4606 Frisco Green Ave Suite #100, Suite 950, 75034, Frisco, Texas, United States
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Frisco, a fast-growing suburb of Dallas, offers a dynamic family-friendly atmosphere that combines modern amenit

Frisco, a fast-growing suburb of Dallas, offers a dynamic family-friendly atmosphere that combines modern amenities with a strong sense of community. The entertainment district, The Star, is a major highlight, serving as the headquarters of the Dallas Cowboys. This world-class facility includes a state-of-the-art practice venue, along with a variety of restaurants and shops, making it a bustling hub of activity for sports fans and families alike. 


Frisco is renowned for its highly-rated schools, which contribute to its appeal as a prime location for families. The city places a strong emphasis on education and community engagement, fostering an environment where residents can thrive. Community events, parks, and recreational facilities are plentiful, providing numerous opportunities for social interaction and outdoor activities. 


Neighborhoods in Frisco cater to a diverse range of preferences and needs. From spacious single-family homes in suburban settings to modern apartments close to the city’s amenities, Frisco offers a variety of housing options. Whether you’re a young professional seeking convenience or a family looking for a welcoming community, Frisco’s neighborhoods are designed to meet the needs of its diverse population. 


The city also boasts a vibrant lifestyle centered around family and entertainment. Frisco Square, a bustling area, offers a mix of shops, restaurants, and cultural attractions. Additionally, the city is home to various sports venues, including the Dr Pepper Ballpark and the Toyota Stadium, providing ample opportunities for sports and recreation. 


Frisco’s rapid growth and development are supported by a robust economy, driven by industries such as technology, healthcare, and retail. With its focus on family, entertainment, and community, Frisco offers an engaging suburban lifestyle that combines the convenience of urban amenities with the comfort and tranquility of suburban living. 

Last updated
August 8
First listed
Jun 26
Agent licence
#808027 (TX)
Listing reference
NTREIS21311472
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