5671, 5681, 5660, 1208 Dorothy Lane Little Elm, TX 75068
10 Beds
7 Baths
4,879 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 4,879 sqft
Subdivision Rocky Point
MLS Listing ID 21311472
Style Other
Bedrooms 10
Full Baths 6
Half Baths 1
HOA Y/N None
Year Built 1961
Lot Size 0.962 Acres
Acres 0.9619
Property Sub-Type Single Family Residence
Property Description
Exceptional opportunity to acquire 7 contiguous lakefront lots totaling just under one acre on Lewisville Lake, featuring four fully renovated single-family residences with immediate income potential and future redevelopment upside.
Renovated in 2022, all four 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.
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 residences provide privacy and flexibility. Located outside the gated entrance is the fourth residence at 5660 Dorothy Ln, along with two existing un-permitted accessory structures.
Owners and guests enjoy access to nearly one acre 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
5660 Dorothy Ln – 873 SF, 2 Bed 1 Bath 5,164 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.
Location
State TX
County Denton
Community Fishing, Gated, Lake, Perimeter Fencing, Spa, Other
Direction El Dorado to Garza Lane, take Sheriff Ave to Dorothy Lane. Drive to gate at end of Dorothy Lane.
Rooms
Dining Room 4
Interior
Interior Features Cable TV Available, Cathedral Ceiling(s), Chandelier, Decorative Lighting, Double Vanity, Eat-in Kitchen, High Speed Internet Available, Kitchen Island, Loft
Heating Central, Propane
Cooling Multi Units
Flooring Ceramic Tile, Engineered Wood, Varies
Fireplaces Number 2
Fireplaces Type Brick, Living Room
Equipment Varies By Unit
Appliance Dishwasher, Disposal, Electric Cooktop, Microwave, Washer
Heat Source Central, Propane
Exterior
Exterior Feature Fire Pit, Private Entrance, Storage
Carport Spaces 7
Fence Gate, Metal, Wood
Community Features Fishing, Gated, Lake, Perimeter Fencing, Spa, Other
Utilities Available Dirt, Electricity Connected, Gravel/Rock, Outside City Limits, Septic, Sewer Not Available
Waterfront Description Lake Front,Lake Front - Common Area,Lake Front – Corps of Engineers,Lake Front – Main Body,Beach Access,Retaining Wall – Wood
Roof Type Composition
Garage No
Building
Lot Description Acreage, Cul-De-Sac, Irregular Lot, Lrg. Backyard Grass, Many Trees, Water/Lake View
Story Two
Foundation Pillar/Post/Pier
Level or Stories Two
Structure Type Frame,See Remarks
Schools
Elementary Schools Oak Point
Middle Schools Jerry Walker
High Schools Little Elm
School District Little Elm Isd
Others
Restrictions Other
Acceptable Financing Other
Listing Terms Other
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21311472
NEARBY SCHOOLS & PROPERTIES