5671, 5681, 5660, 1208 Dorothy Lane, Little Elm, TX 75068
Local realty services provided by:Better Homes and Gardens Real Estate Winans
Listed by: christine crandall hamparyan
Office: christie's lone star
MLS#:21311472
Source:GDAR
Price summary
- Price:$1,995,000
- Price per sq. ft.:$408.9
About this home
RARE LAKEFRONT INVESTMENT PORTFOLIO - PRIVATE COMPOUND - DEVELOPMENT OPPORTUNITY - LEWISVILLE LAKE
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....
Contact an agent
Home facts
- Year built:1961
- Listing ID #:21311472
- Added:5 day(s) ago
- Updated:June 30, 2026 at 11:56 AM
Rooms and interior
- Bedrooms:10
- Total bathrooms:7
- Full bathrooms:6
- Half bathrooms:1
- Flooring:Ceramic Tile
- Kitchen Description:Dishwasher, Disposal, Electric Cooktop, Microwave
- Living area:4,879 sq. ft.
Heating and cooling
- Cooling:Multi Units
- Heating:Central, Propane
Structure and exterior
- Roof:Composition
- Year built:1961
- Building area:4,879 sq. ft.
- Lot area:0.96 Acres
- Lot Features:Acreage, Cul De Sac, Irregular Lot, Lawn, Many Trees, Retaining Wall
- Construction Materials:Frame
- Foundation Description:Pillar Post Pier
- Levels:2 Story
Schools
- High school:Little Elm
- Middle school:Jerry Walker
- Elementary school:Oak Point
Finances and disclosures
- Price:$1,995,000
- Price per sq. ft.:$408.9
Features and amenities
- Appliances:Dishwasher, Disposal, Electric Cooktop, Microwave, Washer
- Laundry features:Washer
- Amenities:Skylights
Parking
- Carport spaces:7
Information provided, in part, by North Texas Real Estate Information Systems, Inc. Last Updated June 30, 2026 Listings with the NTREIS logo are listed by brokerages other than Better Homes and Gardens Real Estate Winans.New listings near 5671, 5681, 5660, 1208 Dorothy Lane
- New
$505,501Active4 beds 3 baths2,457 sq. ft.233 Hatherley Street, Little Elm, TX 75068
MLS# 21316029Listed by: PINNACLE REALTY ADVISORS - New
$375,000Active4 beds 3 baths2,394 sq. ft.7113 Dandelion Drive, Little Elm, TX 76227
MLS# 21316613Listed by: COLDWELL BANKER APEX, REALTORS - New
$480,445Active3 beds 2 baths1,931 sq. ft.7212 Ladybug Lane, Little Elm, TX 76227
MLS# 21316498Listed by: HOMESUSA.COM - New
$400,000Active4 beds 3 baths2,452 sq. ft.1728 Lake Way Drive, Little Elm, TX 75068
MLS# 21312657Listed by: HART OF TEXAS - New
$1,699,500Active5 beds 6 baths4,872 sq. ft.3967 Spinnaker Run Point, Little Elm, TX 75068
MLS# 21311367Listed by: SOUTHWEST USA REALTY - New
$400,000Active3 beds 3 baths2,574 sq. ft.925 Lake Cypress Lane, Little Elm, TX 75068
MLS# 21314259Listed by: ONDEMAND REALTY - New
$419,900Active4 beds 3 baths2,578 sq. ft.1308 Warbler Drive, Little Elm, TX 75068
MLS# 21311159Listed by: COLDWELL BANKER REALTY FRISCO - New
$700,000Active5 beds 3 baths3,575 sq. ft.2261 Hideaway Pointe Drive, Little Elm, TX 75068
MLS# 21312238Listed by: MARK SPAIN REAL ESTATE - Open Sat, 12 to 2pmNew
$399,000Active4 beds 4 baths2,423 sq. ft.1352 Lake Grove Drive, Little Elm, TX 75068
MLS# 21314394Listed by: EXP REALTY LLC - New
$519,900Active4 beds 3 baths2,790 sq. ft.2317 Miramar Drive, Little Elm, TX 75068
MLS# 21309764Listed by: JAN EAKEN REAL ESTATE
Protect your home and budget from life's surprises with an Assurant Home Warranty, backed by a partner that supports you through every step of homeownership. Explore Plans.
© 2026 Better Homes and Gardens Real Estate LLC. An Anywhere Real Estate company. All rights reserved. Better Homes and Gardens® Real Estate is a registered trademark owned by Meredith Operations Corporation, licensed to Better Homes and Gardens Real Estate LLC and used with permission. Better Homes and Gardens Real Estate LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Listing information is deemed reliable but is not guaranteed accurate.
Each office is independently owned and operated.
Any services or products provided by third parties are not provided by, affiliated with or related to Better Homes and Gardens Real Estate LLC, or its affiliated companies.