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Active

$995,000

  • 0.6 acre lot

2003 Portofino Drive

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Listing data updated

About this home

Presenting a rare opportunity to acquire six (6) shovel-ready lakeside development lots in one of North Texas’ most sought-after waterfront communities - Watersedge at Lake Ray Hubbard. Perfectly positioned in the heart of Rockwall’s Lakeside Harbor District and steps from the Hilton Rockwall Lakefront Resort, these…

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Presenting a rare opportunity to acquire six (6) shovel-ready lakeside development lots in one of North Texas’ most sought-after waterfront communities - Watersedge at Lake Ray Hubbard. Perfectly positioned in the heart of Rockwall’s Lakeside Harbor District and steps from the Hilton Rockwall Lakefront Resort, these fully entitled and permit-ready sites offer developers a direct path to vertical construction in an established, luxury setting. This collection of approved lots at 2028–2038 Portofino Drive sits adjacent to a newly completed residence at 2026 Portofino Drive - a 3-bedroom, 3-bath, 1,960-square-foot luxury condominium currently offered at $500,000, demonstrating proven market acceptance and price support for this product type. The immediately adjacent, completed condos within this development range in asking price from $500,000 - $615,000.

INVESTMENT HIGHLIGHTS

• Six (6) fully entitled, shovel-ready luxury condominium development lots

• All development plans and permits fully approved; immediate permit issuance upon

payment of fees

• Infrastructure complete with no off-site improvements required

• HOA-approved flexibility allowing a townhome configuration

• Mediterranean architectural theme consistent with existing community

• Walkable access to marina, dining, entertainment, and boutique retail

• Immediate I-30 access with Downtown Dallas approximately 30–35 minutes away

Lot size
0.6 acres
Property type
UnimprovedLand
Status
Active
MLS number
21252269

Listing courtesy of Younger Partners Dallas, LLC

Office phone 214-294-4400

Estimated monthly cost

Estimated payment based on the assumptions shown. It is not a quote, an approval or a rate offer.

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Location

Facts and features

Lot

Lot size
0.6 acres

Building

Property type
UnimprovedLand

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Listing courtesy of Younger Partners Dallas, LLC. Information provided by NTREIS

Information is deemed reliable but not guaranteed.

Listing data updated