5671, 5681, 5660, 1208 Dorothy Lane
Little Elm, TX, 75068
$
1,995,000
Bedrooms10
Baths6.1
Sq
4,879
Monthly Estimate*
$
12,597
for $1,995,000 with 10 bedrooms and 6 full baths, 1 half bath. This 4,879 square foot home was built in 1961 on a lot size of 0.9619.
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.
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Features
Interior
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
Basement Y/N
0
Dining Areas
4
Living Areas
4
Half Baths
1
Total Bedrooms
10
Total Baths
7
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General
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
Number of Garage Spaces
0
Restrictions
Other
School District
Little Elm ISD
Pool Y/N
0
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
Property Subtype
Single Family Residence
Subdivision Name
Rocky Point
Transaction Type
For Sale
Occupant Type
Tenant
County
Denton
Property Type
Residential
Construction Materials
Frame
See Remarks
Year Built Details
Preowned
Accessory Unit Type
Other
Accessory Unit Y/N
Y
HOA Type
None
Full Baths
6
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
Standard Status
Active
Listing Terms
Other
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Exterior
Waterfront
1
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
Structural Style
Lake House
Garage Y/N
0
Attached Garage Y/N
0
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* Excluded Features
List By
Christine Crandall Hamparyan
Listing Agent
Christie's Lone Star
Broker
Affordability Calculator
- Monthly Principal & Interest
- $12,597
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save
Nearby
Single family listings in Little Elm, TX
Average List Price
$496,128
Percent of Sale Price
75%
About Little Elm, TX
44,837
Population
950%
Since 2002
$
85,649
Median Income
32.29
Median Age
50%
Households with Children
Trends Information provided by ATTOM Data Solutions.
286127
Elementary School
3672510
Middle School
Pricing History
| Date |
Price |
Price Change |
Description |
|
6/25/2026
|
$1,995,000
|
|
Listed Price
|
5671, 5681, 5660, 1208 Dorothy Lane, Little Elm, TX, 75068 is a Single Family Home for sale at $1,995,000 with 4,879 sqft and a lot size of 0.9619. 5671, 5681, 5660, 1208 Dorothy Lane has 10 bedrooms, 6.1 baths, and was built in 1961. The property's zip code is 75068 which is in Little Elm, TX