$ 1,650,000
-
$1,650,000
Price -
8
Bed -
5.5
Bath -
4,029
SqFt
NEW! Buy and sell safely with virtual options - Learn More
About the Listing CIRE12 - 0808027
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 #
Listing Highlights
Interior Details
- Bedrooms: 8
- Bathrooms: 5 Full / 1 Half
- Appliances: Dishwasher, Disposal, Electric Cooktop, Microwave, Washer, Varies By Unit
- Air Cond: Multi Units
- Heating: Central,Propane
- Fireplaces: 2, Brick,Living Room
- Floor: Ceramic Tile,Engineered Wood,Varies
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other: Cable TV Available,Cathedral Ceiling(s),Chandelier,Decorative Lighting,Double Vanity,Eat-in Kitchen,High Speed Internet Available,Kitchen Island,Loft
- Water:
Exterior Details
- Lot Description: Acreage,Cul-De-Sac,Irregular Lot,Lrg. Backyard Grass,Many Trees,Water/Lake View,.5 to < 1 Acre,Lake Front,Lake Front - Common Area,Lake Front – Corps of Engineers,Lake Front – Main Body,Beach Access,Retaining Wall – Wood
- Garage Capacity: N/A
- Roof: Composition
- Others: Fire Pit,Private Entrance,Storage,Preowned
- Sewer:
- Parking Features: Additional Parking,Carport,Common,Driveway,Gated,Gravel,Private
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: R44546
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
5671 , 5681, 5660, 1208 Dorothy Ln Little Elm, TX 75068
Never Miss A New Property
Get notified any time there's a new home on the market in this neighborhood!
Don't worry! We'll never spam you or sell your details. You can unsubscribe whenever you'd like.
Listing Courtesy of -
