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Harrison Lilly

| Harrison Lilly Realty Dallas | Harrison Lilly Realty | PLACE

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1505 Hillcrest Dr , Little Elm, TX 75068
$549,000
Est. Payment: $2,826.49/mo
0 Bed
0 Bath
0 Sqft
Status: active | Days on site: 179
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VCR-C15903466 - VCR-C159091383,VCR-C159052275
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House 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.

Highlights

Listed by Jan Richey , and Yolanda Bryson-Durant , Keller Williams Legacy , North Texas Real Estate Information Systems

Property Type

Vacant Land

Lot/Acreage
0.4

County

Denton

Neighborhood

Triangle Acres

School District

Little Elm ISD

Listing ID

21190529

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:

Exterior Features

Lot:Few Trees,Interior Lot,Lrg. Backyard Grass,Subdivision,Water/Lake View,Waterfront,Less Than .5 Acre (not Zero),Lake Front,Lake Front – Corps of Engineers,Lake Front – Main Body
Zoning:Residential
Principal Interest
$2,826
Taxes
$619

Home Price

$549,000

Loan Details

30 yrs
6.674%

Down Payment

20%
$109,800
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$2,826.49

Principal

Taxes

Principal Taxes HOA Total
Monthly $2,826.49 $618.83 $0.00 $3,445.32
Yearly $33,917.89 $7,426.00 $0.00 $41,343.89
Total $1,017,536.55 $222,780.00 $0.00 $1,240,316.55

Today's Rates

30 Year

6.67%

20 Year

6.37%

15 Year

5.93%

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Market insight data is pulled from the same city as the listing being viewed (Little Elm, TX).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by North Texas Real Estate Information Systems Multiple Listing Service, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-08-24T21:21:41.390Z

© 2026 North Texas Real Estate Information Systems