5671, 5681, 5660, 1208 Dorothy Lane Little Elm, TX 75068

$1,995,000 10 Beds 7 Baths 4,879 Sq Ft

About this home

Property Overview

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.

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Year Built

1961

School District

Little Elm Isd

HOA

No HOA

Lot Size

0.96 acres

Parking

Additional Parking, Common, Carport, Driveway, Gravel, Gated, Private

Gated

Gated estate

Shop / Workshop

Workshop on property

Architecture

Other

Fireplace

2 Fireplaces

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5671, 5681, 5660, 1208 Dorothy Lane Little Elm, TX 75068

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