1208 Dorothy Ln, Little Elm, TX 75068
- $1,650,000
- 8
- BD
- 6
- BA
- 4,029
- SqFt
- List Price
- $1,650,000
- Price Change
- ▼ $345,000 1786147359
- MLS#
- 21311472
- Status
- ACTIVE
- Type
- Single Family Residential
- Subtype
- Residential
- Style
- Other
- Year Built
- 1961
- Construction Status
- Preowned
- Bedrooms
- 8
- Full Baths
- 5
- Half Baths
- 1
- Acres
- 0.85
- Living Area
- 4,029
- County
- Denton
- City
- Little Elm
- Subdivision
- Rocky Point
- Number of Stories
- 2
- Architecture Style
- Other
Property 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 #
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Additional Information
- Other Equipment
- Varies By Unit
- Amenities
- Fireplace
- Lot Size
- 36,900
- Acres
- 0.85
- Lot Description
- Back Yard, Cul-De-Sac, Irregular Lot, Lawn, Trees, Retaining Wall
- Interior Features
- Chandelier, Vaulted/Cathedral Ceilings, Decorative Designer Lighting Fixtures, Double Vanity, Eat-In Kitchen, High Speed Internet, Kitchen Island, Loft, Cable TV
- Flooring
- Tile, Hardwood
- Foundation
- Pillar/Post/Pier
- Roof
- Composition
- Stories
- 2
- Pool Features
- None
- Fireplaces
- 2
- Fireplace Type
- Living Room, Masonry
- Exterior
- Fire Pit, Private Entrance, Storage
- Carport Spaces
- 7
- Parking Garage
- Additional Parking, Common, Carport, Driveway, Gravel, Gated, Private
- School District
- Little Elm Isd
- Elementary School
- Oak Point
- Middle School
- Jerry Walker
- High School
- Little Elm
- Possession
- CloseOfEscrow
- Community Features
- Fishing, Gated, Other, Lake
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Listing courtesy of Christine Crandall Hamparyan from Christie's Lone Star. Contact:
Listing provided by North Texas Real Estate Information Systems (NTREIS). Listing data has been deemed reliable but is not guaranteed to be accurate by the MLS.
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