$ 1,995,000
-
$1,995,000
Price -
10
Bed -
6.5
Bath -
4,879
SqFt
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About the Listing CIRE12 - 0808027
RARE LAKEFRONT INVESTMENT PORTFOLIO - PRIVATE COMPOUND - DEVELOPMENT OPPORTUNITY - LEWISVILLE LAKE Exceptional opportunity to acquire 7 contiguous lakefront lots totaling just under one acre on Lewisville Lake, featuring four fully renovated single-family residences with immediate income potential and future redevelopment upside. Renovated in 2022, all four 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. 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 residences provide privacy and flexibility. Located outside the gated entrance is the fourth residence at 5660 Dorothy Ln, along with two existing un-permitted accessory structures. Owners and guests enjoy access to nearly one acre 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 5660 Dorothy Ln – 873 SF, 2 Bed 1 Bath 5,164 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.
Listing Highlights
Interior Details
- Bedrooms: 10
- Bathrooms: 6 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
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