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Residential Land for Sale in Little Elm, Texas

1505 Hillcrest Dr, Little Elm, TX 75068

$549,000
0.4 acres
Active
ago
Est $4,447/mo

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.

Location

Street address
1505 Hillcrest Dr
Community
Triangle Acres
Elevation
542 feet
Coordinates
33.1624, -96.9573

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 details

Lot size
0.4 acres17,424 sq ft
MLS #
NTREIS 21190529
Posted

Parcels

  • R45729

Legal description

Details and features

Listing

Type
Land
Franchise
Keller Williams Realty

Lot

View
Lake, Water
Waterfront
Lake Front, Lake Front – Corps of Engineers, Lake Front – Main Body, Waterfront

Nearby schools

NameType
Oak PointElementary

Listing history

DateEventPriceChangeSource
Feb 27, 2026New listing$549,000NTREIS
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This 0.4-acre property is located at 1505 Hillcrest Dr in Little Elm, TX 75068. The property is available for sale for $549,000.

Checked 1 hour ago — Updated

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