1505 Hillcrest Drive, Little Elm, TX 75068

Property Description

Rare opportunity to secure premium lakefront land on Lewisville Lake in Little Elm. This approximately 0.40-acre waterfront parcel offers direct water access, panoramic open-water views, and exceptional flexibility with no HOA restrictions. For the luxury buyer, this property presents the perfect canvas to design and build a custom dream home with breathtaking sunset views, private shoreline access, and the ability to install a portable boat ramp for effortless lake living. Enjoy kayaking, paddleboarding, fishing, and boating directly from your own backyard while remaining minutes from dining, entertainment, and the vibrant Little Elm waterfront district. For builders and investors, this parcel represents a rare and increasingly scarce North Texas waterfront asset. With limited remaining lakefront inventory in the area, strong buyer demand for custom homes, and proximity to Frisco, Plano, and major corporate corridors, the property offers compelling upside potential. Ideal for a luxury spec build, high-end resale, or long-term hold in a growing lakeside market. The gentle slope toward the shoreline enhances build potential while maximizing view corridors and outdoor living design options. Waterfront land continues to be one of the most desirable and resilient asset classes in North Texas real estate. Build a signature estate or develop a premier spec home. Or secure and hold a tangible waterfront investment. Nestled in a quiet area yet just minutes from all the fun Little Elm has to offer — including the lakefront swim beach, marina, restaurants, and parks. Enjoy the best of both worlds with a convenient commute: 35 minutes to DFW Airport and 45 minutes to Dallas. Lakefront lots like this are few and far between and becoming rarer.

Listing Status:

Active

Data Last Updated:

April 3, 2026 at 7:18AM

Listing Office:

Keller Williams Legacy : 972-599-7000

Listing Agent:

Jan Richey :

MLS ID:

21190529

Interior

• A/C: None
• Heating: None

Location

• Road/Access: City Street
• Originating MLS: NTR
• School District: Little Elm ISD
• County: Denton

Lot

• Zoning: TRIANGLE ACRES BLK A LOT 20R45729
• View: WaterView
• Fencing: None

Utilities

• Utilities: Electricity AvailableWater Available
• Water: Public

Financial

• Source: NTR