5671, 5681, 5660, 1208 Dorothy Lane
Little Elm, TX 75068
$1,995,000
4,879 sqft
10 beds
6.5 baths
Description
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.
Exterior Features
- Other
- AdditionalParking
- Common
- Carport
- Driveway
- Gravel
- Gated
- Private
- Acreage
- BackYard
- CulDeSac
- IrregularLot
- Lawn
- ManyTrees
- RetainingWall
- Composition
- FirePit
- PrivateEntrance
- Storage
- Frame
- SeeRemarks
- None
- PillarPostPier
- Gate
- Metal
- Wood
Location
Schools
| School Name | Grades | Admission |
|---|---|---|
| Jerry R. Walker Middle School | 6 - 8 | Regular |
| Oak Point Elementary School | PK - 5 | Regular |
| Little Elm High School | 9 - 12 | Regular |
| 3 Schools | ||
*All school information should be verified by local Independent School District.
* Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer.
The information contained herein is furnished by the owner to the best of his/her knowledge, but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.