2003 Portofino Drive,Rockwall, TX 75032
Rockwall, TX 75032
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
Details
| MLS # | 21252269 |
|---|---|
| Listing Type | For Sale |
| Style | Unimproved Land |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 166 |
| Listing Provided By | Younger Partners Dallas, LLC | Jennifer Permenter |
Features
| SQ Feet | 25,950 |
|---|---|
| Story(s) | 3 |
| Zoning | PD-22: Planned Development - Res |
| Acreage | 0.60 |
| Water Front | Lake Front |
Exterior
| Construction Materials | Brick, Rock/Stone, Other |
|---|
Utilities
| Utilities | City Sewer, City Water, Concrete, Curbs, Electricity Connected, Sidewalk, Underground Utilities |
|---|
Area Information
| State | TX |
|---|---|
| County | Rockwall |
| City | Rockwall |
| Zip Code | 75032 |
| Area | Rockwall |
| Community Name | Watersedge |
| Listing VS Median (in Watersedge) | |
Price: $995,000 low | high Med: $995,000 sqft: 25,950 low | high Med: 25,950 $ / sqft: $38 low | high Med: $38 On site: 166 low | high Med: 166 | |
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Learn More About This Property
| State | TX |
|---|---|
| County | Rockwall |
| City | Rockwall |
| Zip Code | 75032 |
| Area | Rockwall |
| Community Name | Watersedge |
| Listing VS Median (in Watersedge) | |
Price: $995,000 low | high Med: $995,000 sqft: 25,950 low | high Med: 25,950 $ / sqft: $38 low | high Med: $38 On site: 166 low | high Med: 166 | |