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0.6 Acres Lot
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Est. payment | /mo
0.6 Acres Lot
Key Details
Property Type Commercial
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
Subdivision Watersedge
MLS Listing ID 21252269
Total Fin. Sqft 25950
Lot Size 0.596 Acres
Acres 0.5957
Property Sub-Type Unimproved Land
Property Description
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
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
Location
State TX
County Rockwall
Zoning PD-22: Planned Development - Residential
Direction From I30 E, exit Shoreline Trail, turn right on Summer Lee Dr. Turn right on Portofino Dr, property is straight ahead.
Exterior
Utilities Available City Sewer, City Water, Concrete, Curbs, Electricity Connected, Sidewalk, Underground Utilities
Waterfront Description Lake Front
Garage No
Building
Structure Type Brick,Rock/Stone,Other
©2026 North Texas Real Estate Information Systems.
Listed by Jennifer Permenter • Younger Partners Dallas, LLC
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