2003 Portofino, Rockwall, Texas

Description

Presenting a rare opportunity to acquire six (6) shovel-ready lakeside development lots in one of North Texas’ most sought-after waterfront communities - Watersedge at Lake Ray Hubbard. Perfectly positioned in the heart of Rockwall’s Lakeside Harbor District and steps from the Hilton Rockwall Lakefront Resort, these fully entitled and permit-ready sites offer developers a direct path to vertical construction in an established, luxury setting. This collection of approved lots at 2028–2038 Portofino Drive sits adjacent to a newly completed residence at 2026 Portofino Drive - a 3-bedroom, 3-bath, 1,960-square-foot luxury condominium currently offered at $500,000, demonstrating proven market acceptance and price support for this product type. The immediately adjacent, completed condos within this development range in asking price from $500,000 - $615,000.

INVESTMENT HIGHLIGHTS

• Six (6) fully entitled, shovel-ready luxury condominium development lots

• All development plans and permits fully approved; immediate permit issuance upon

payment of fees

• Infrastructure complete with no off-site improvements required

• HOA-approved flexibility allowing a townhome configuration

• Mediterranean architectural theme consistent with existing community

• Walkable access to marina, dining, entertainment, and boutique retail

• Immediate I-30 access with Downtown Dallas approximately 30–35 minutes away

Directions: From I30 E, exit Shoreline Trail, turn right on Summer Lee Dr. Turn right on Portofino Dr, property is straight ahead.