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1505 Hillcrest Drive

Little Elm, Texas 75068
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Acres0.40

Acre(Lot)

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 l akefront 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.

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Detail Ic Property Details

Property Type : Land

Price : $549,000

AD Id : 75638225

MLS Id : 552556855

Lot Size : 0.40 Acre(Lot)

County : Denton

Subdivision: Triangle Acres

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Feature Features

  • Utilities

    Co-op Electric,Septic
  • Cooling Features

    None

    Heating Source

    None

  • Fencing

    None

  • Lot Information

    Lot Size (Acr): 0.4000 Lot Size Units: Acres Lot Size Square Feet: 17,424 Lot Size Source: Assessor Lot Features: Few Trees,Interior Lot,Lrg. Backyard Grass,Subdivision,Water/Lake View,Waterfront
  • Property Information

    Property Type: Land Property Sub Type: Improved Land Subdivision: Triangle Acres City: Little Elm State: Texas Directions: From NDT exit Eldorado parkway and go West. Turn right onto Hillcrest Drive and the lot will be on your right hand side. Property Status: Active

  • Listing Price Information

    Original List Price: $549,000
  • Listing Information

    Possession: Closing/Funding

  • Tax Information

    Parcel Number: R45729 Tax Block: A Tax Legal Description: TRIANGLE ACRES BLK A LOT 20 Tax Lot: 20 Unexempt Taxes: $7,426

  • Homeowners Association Information

    HOA Type: None

  • School Information

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

    Utilities: Co-op Electric,Septic
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1135 Eldorado Parkway, Little Elm, TX, 75068 $1,968,000 -- -- -- 2.84 Acres(Lot)
Marion Drive, Little Elm, TX, 75068 $399,000 -- -- -- 0.29 Acre(Lot)
TBD Selma Drive, Little Elm, TX, 75068 $500,000 -- -- -- 1.00 Acre(Lot)
1156 Selma Drive, Little Elm, TX, 75068 $250,000 -- -- -- 1.00 Acre(Lot)
0000 Izzy Lane, Little Elm, TX, 75068 $777,000 -- -- -- 1.56 Acres(Lot)
1116 Loneta Lane, Little Elm, TX, 75068 $499,999 -- -- -- 0.30 Acre(Lot)
TBD Loneta Lane, Little Elm, TX, 75068 $425,000 -- -- -- 0.60 Acre(Lot)
1189 Lloyds Road, Little Elm, TX, 75068 $1,375,000 -- -- -- 8.29 Acres(Lot)
TBD Cedar Lane, Little Elm, TX, 75068 $27,000 -- -- -- 0.14 Acre(Lot)
1816 W Eldorado Parkway, Little Elm, TX, 75068 $1,750,000 -- -- -- 5.79 Acres(Lot)
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Disclosure: Listing information provided in part by the North Texas Real Estate Information Systems, Inc, for personal, non-commercial use by viewers of this site and may not be reproduced or redistributed. All information is deemed reliable but not guaranteed. Copyright © NTREIS 2026. All rights reserved

ByOwner last updated this listing 06/12/2026 @ 21:18

MLS: 552556855 LISTED BY: Jan Richey, Keller Williams Legacy 817-858-0055 SOURCE: NTREIS - North Texas Real Estate Information

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