5671, 5681, 5660, 1208 Dorothy Lane
Little Elm, TX, 75068
$1,650,000
8 Beds
5.1 Baths
4,029 SqFt
0.85 Acres
MLS #21311472 image #0

Location

NEW LOWER PRICE! Removed property (lot 37) outside gate.
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 #

Questions? I’m here to help!
Aaron Layman
Aaron Layman Properties
Call Now: 940-209-2100

Property Details

Price:
$1,650,000
MLS #:
21311472
Status:
Active
Beds:
8
Baths:
5.1
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
Rocky Point
Listed Date:
Jun 25, 2026
Finished Sq Ft:
4,029
Lot Size:
36,900 sqft / 0.85 acres (approx)
Year Built:
1961
WaterfrontRocky PointLittle Elm IsdOak PointJerry WalkerLittle ElmLewisville

Schools

School District:
Little Elm ISD
Elementary School:
Oak Point
Middle School:
Jerry Walker
High School:
Little Elm

Interior

Bathrooms Full
5
Bathrooms Half
1
Cooling
Multi Units
Fireplace Features
Brick, Living Room
Fireplaces Total
2
Flooring
Ceramic Tile, Engineered Wood, Varies
Heating
Central, Propane
Interior Features
Cable TV Available, Cathedral Ceiling(s), Chandelier, Decorative Lighting, Double Vanity, Eat-in Kitchen, High Speed Internet Available, Kitchen Island, Loft
Number Of Living Areas
3

Exterior

Carport Spaces
7
Community Features
Fishing, Gated, Lake, Perimeter Fencing, Spa, Other
Construction Materials
Frame, See Remarks
Exterior Features
Fire Pit, Private Entrance, Storage
Fencing
Gate, Metal, Wood
Lot Size Area
36900.0000
Waterfront Features
Lake Front, Lake Front – Common Area, Lake Front – Corps of Engineers, Lake Front – Main Body, Beach Access, Retaining Wall – Wood

Financial

Questions? I’m here to help!
Aaron Layman
Aaron Layman Properties
Call Now: 940-209-2100

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Aaron a full-service broker serving the Northern DFW Metroplex. Aaron has two decades of experience in the real estate industry working with buyers, sellers and renters.

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Community

Subdivisions in Little Elm

Market Summary

Current real estate data for Single Family in Little Elm as of Aug 20, 2026
620
Single Family Listed
83
Avg DOM
190
Avg $ / SqFt
$485,813
Avg List Price

Property Summary

    Located in the Rocky Point subdivision, 5671, 5681, 5660, 1208 Dorothy Lane Little Elm TX is a Single Family for sale in Little Elm, TX, 75068. It is listed for $1,650,000 and features 8 beds, 5 baths, and has approximately 4,029 square feet of living space, and was originally constructed in 1961. The current price per square foot is $410. The average price per square foot for Single Family listings in Little Elm is $190. The average listing price for Single Family in Little Elm is $485,813. To schedule a showing of MLS#21311472 at 5671, 5681, 5660, 1208 Dorothy Lane in Little Elm, TX, contact your Aaron Layman Properties agent at 940-209-2100.
5671, 5681, 5660, 1208 Dorothy Lane
Little Elm, TX