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$415,000

Turnkey STR Investment or Charming Lake Retreat! This adorable 2-bedroom, 1-bath lake house is currently a very popular Airbnb and offers an incredible opportunity for investors or buyers looking for their own private getaway. Just steps across the street from Lake Lewisville and a peaceful crescent-shaped beach, the location is hard to beat. Extensively renovated in 2022, the home blends charm, functionality and modern updates. The inviting kitchen features stainless steel appliances, a gooseneck faucet, stylish countertops and backsplash, plus a convenient stackable washer and dryer. Step outside to the expansive lake-view deck, thoughtfully built around mature trees, and enjoy a huge backyard with plenty of room to relax, entertain or add amenities. The generously sized gravel driveway provides ample parking for cars, boats and lake toys. Ideally located in Little Elm near the Lewisville Bridge, with easy access to DFW Airport, PGA Frisco, The Star, Legacy West, UNT Denton and numerous dining and entertainment destinations—all approximately 25 minutes away. Little Elm Beach and the boat ramp are just 10 minutes away. For an even greater investment opportunity, 6 adjoining parcels are also available under MLS #21311472. Whether you're looking for a proven short-term rental, weekend lake escape or future investment in an area on the rise, this one is not to be missed!

2 Beds ⋅ 1 Baths ⋅ 21350750 MLS

5660 Dorothy, Little Elm

$1,650,000

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 #

8 Beds ⋅ 6 Baths ⋅ 21311472 MLS

1208 Dorothy Ln, Little Elm