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
Location
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Properties marked by the NTREIS Logo are courtesy of the NTREIS Multiple Listing Service. Property listing data provided by NTREIS multiple listing service. You may not reproduce or redistribute this data, it is for viewing purposes only. This data is deemed reliable, but is not guaranteed accurate by the MLS or NTREIS. Updated: 1st May, 2026 11:58 PM (UTC)
