5671, 5681, 5660, 1208 Dorothy LN Little Elm, TX 75068
8 Beds
6 Baths
4,029 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 4,029 sqft
Price per Sqft $409
Subdivision Rocky Point
MLS Listing ID 21311472
Style Other
Bedrooms 8
Full Baths 5
Half Baths 1
HOA Y/N No
Year Built 1961
Lot Size 0.847 Acres
Acres 0.8471
Property Sub-Type Single Family Residence
Property Description
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 #
Location
State TX
County Denton
Community Fishing, Fenced Yard, Gated, Other, Lake
Direction El Dorado to Garza Lane, take Sheriff Ave to Dorothy Lane. Drive to gate at end of Dorothy Lane.
Body of Water Lewisville
Rooms
Other Rooms Bunkhouse, Guest House, Second Residence, Residence, Shed(s), Storage, Workshop
Interior
Interior Features Chandelier, Cathedral Ceiling(s), Decorative/Designer Lighting Fixtures, Double Vanity, Eat-in Kitchen, High Speed Internet, Kitchen Island, Loft, Cable TV
Heating Central, Propane
Cooling Multi Units
Flooring Ceramic Tile, Engineered Hardwood
Fireplaces Number 2
Fireplaces Type Living Room, Masonry
Equipment Varies by Unit
Fireplace Yes
Window Features Skylight(s)
Appliance Dishwasher, Electric Cooktop, Disposal, Microwave, Washer
Exterior
Exterior Feature Fire Pit, Private Entrance, Storage
Parking Features Additional Parking, Common, Carport, Driveway, Gravel, Gated, Private
Carport Spaces 7
Fence Gate, Metal, Wood
Pool None
Community Features Fishing, Fenced Yard, Gated, Other, Lake
Utilities Available Electricity Connected, Septic Available, Sewer Not Available, Cable Available
Waterfront Description Beach Access,Lake Front
View Y/N Yes
View Water
Roof Type Composition
Street Surface Dirt,Gravel
Porch Deck, Front Porch, Patio
Garage No
Private Pool No
Building
Lot Description Acreage, Back Yard, Cul-De-Sac, Irregular Lot, Lawn, Many Trees, Retaining Wall
Dwelling Type House
Foundation Pillar/Post/Pier
Sewer Septic Tank
Level or Stories Two
Additional Building Bunkhouse, Guest House, Second Residence, Residence, Shed(s), Storage, Workshop
Schools
Elementary Schools Oak Point
Middle Schools Jerry Walker
High Schools Little Elm
School District Little Elm Isd
Others
Senior Community No
Tax ID R44546
Acceptable Financing Other
Listing Terms Other
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21311472
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