5671, 5681, 5660, 1208 Dorothy, Little Elm, Texas

Description

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 #

Directions: El Dorado to Garza Lane, take Sheriff Ave to Dorothy Lane. Drive to gate at end of Dorothy Lane.