5671, 5681, 5660, 1208 Dorothy Lane | Image 1

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$1,995,000

For Sale

A day ago

5671, 5681, 5660, 1208 Dorothy Lane, Little Elm, TX

House

MLS® 21311472

10 Bed

7 Bath

4879 sqft

Key Facts
Description
Rooms
Map

Key Facts

Type Single Family Residence

Levels Residential

Size 4879 sqft

Garage No

Taxes

Days Active 1

Lot Size 0.961899995803833 Acres

Approx. Age 1961

Avg. Price Per Sqft $408

MLS® Number 21311472

Property Address: 5671, 5681, 5660, 1208 Dorothy Lane, Little Elm, TX, 75068

Average square foot calculated using Size range provided by listing agent.

Description

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.

MLS® Number21311472

Laundry Level

Central VacNo

FireplaceNo

Acreage0.9619

Exterior

GarageNo

Approx. Age1961

Basement

DrivewayAdditional Parking, Common, Carport, Driveway, Gravel, Gated, Private

Garage Spaces0

HeatCentral, Propane

A/CMulti Units

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Jun 25, 2026List Date

$1,995,000List Price

Commute

Commute

Starting Address

Destination Address

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