Price Reduction - Waterfront
Address
5671, 5681, 5660, 1208 Dorothy Lane, Little Elm, TX
Price
$ 1,650,000
Property Attributes
- MLS#21311472
- TypeSingle Family
- Listing Status Active
- CountyDENTON
- CityLittle Elm
- NeighborhoodRocky Point
- Zip75068
- Style
- Year Built1961
- Price$ 1,650,000
- Bedrooms8
- Full Bathrooms5
- Half Bathrooms1
- Sqr Footage4029
- Lot Size0.8471 Acres
Data Source:
North Texas Real Estate Info Systems (NTREIS)
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 #
| Elementary School |
|---|
| Oak Point Elementary School |
| Price History | |
|---|---|
| 6/25/2026 | Listed $1,995,000 |
| 8/7/2026 | 18$1,650,000 |
General Features
| Heating | Central,Propane |
|---|---|
| Cooling | Multi Units |
| Utilities | Dirt,Electricity Connected,Gravel/Rock,Outside City Limits,Septic,Sewer Not Available |
| Possession | Closing/Funding |
| Roof | Composition |
| Appliances | Dishwasher,Disposal,Electric Cooktop,Microwave,Washer |
| Easements | Other |
| Restrictions | Other |
| School District | Little Elm ISD |
| Exclusions | Purchase price excludes all furnishings and hot tub. Seller is open to negotiating the sale of all furnishings and personal property separately. |
| Year Built | 1961 |
| Architectural Style | Other |
| Community Features | Fishing,Gated,Lake,Perimeter Fencing,Spa,Other |
| Levels | Two |
| Will Subdivide | No |
| Property Subtype | Single Family Residence |
| Subdivision Name | Rocky Point |
| Transaction Type | For Sale |
| Occupant Type | Tenant |
| Carport Spaces | 7 |
| Occupant Name | Various |
| County | Denton |
| Property Type | Residential |
| Construction Materials | Frame,See Remarks |
| Year Built Details | Preowned |
| Accessory Unit Type | Other |
| Accessory Unit Y/N | Yes |
| HOA Type | None |
| Full Baths | 5 |
| Status | Active |
| Directions | El Dorado to Garza Lane,take Sheriff Ave to Dorothy Lane. Drive to gate at end of Dorothy Lane. |
| City | Little Elm |
| Other Equipment | Varies By Unit |
| Elementary School Name | Oak Point |
| High School | Little Elm |
| Elementary School | Oak Point |
| Virtual Tour URL Unbranded | https://www.propertypanorama.com/instaview/ntreis/21311472 |
| Standard Status | Active |
| Listing Terms | Other |
Interior Features
| Interior Features | Cable TV Available,Cathedral Ceiling(s),Chandelier,Decorative Lighting,Double Vanity,Eat-in Kitchen,High Speed Internet Available,Kitchen Island,Loft |
|---|---|
| Flooring | Ceramic Tile,Engineered Wood,Varies |
| Fireplace Features | Brick,Living Room |
| Fireplaces Total | 2 |
| Dining Areas | 4 |
| Living Areas | 3 |
| Room Count | 3 |
| Half Baths | 1 |
| Lock Box Type | None |
| Total Bedrooms | 8 |
| Total Baths | 6 |
| Window Features | Skylights(s) |
Exterior Features
| Waterfront | Yes |
|---|---|
| Exterior Features | Fire Pit,Private Entrance,Storage |
| Lot Features | Acreage,Cul-De-Sac,Irregular Lot,Lrg. Backyard Grass,Many Trees,Water/Lake View |
| Fencing | Gate,Metal,Wood |
| Soil Type | Unknown |
| Other Structures | Bunk House,Guest House,Residence,Second Residence,Shed(s),Storage,Workshop |
| Lot Size Source | Owner |
| Parking Features | Additional Parking,Carport,Common,Driveway,Gated,Gravel,Private |
| WaterFront Features | Lake Front,Lake Front - Common Area,Lake Front – Corps of Engineers,Lake Front – Main Body,Beach Access,Retaining Wall – Wood |
| Lot Size | .5 to < 1 Acre |
| Foundation | Pillar/Post/Pier |
| Lot Size Area | 36900.0000 |
| Lot Size Units | Square Feet |
| Structural Style | Lake House |
| Lot Size Square Feet | 36900.0000 |
| Lot Size Acres | 0.8471 |
| Patio And Porch Features | Deck,Front Porch,Patio |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 75068
Price
Year Built
Visits
© 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor eXp Realty in Metrotex shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The database information herein is provided from and copyrighted by the North Texas Real
