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Shovel-Ready Waterfront Development Lots

2003 Portofino Drive Rockwall, TX 75032

2003 Portofino Drive, Rockwall, TX, 75032
$995,000
For Sale
$995,000

LAND - Rockwall, TX

Lot Size0.60 Acres
Days on Market81

Property Features for 2003 Portofino Drive

General Information

Property type
Land
Property subtype
Other
Property condition
Under Construction
Standard status
Active
APN
61701
Lot size
0.60 Acres

Utilities

Sewer type
Public Sewer
Water source
Public
Water front features
Lake Front
Water front
1

Building Details

Floors in Building
3
Number of units
6
Building materials
Brick, Rock, Stone
Listing Agency Younger Partners Dallas, LLC
Dallas, TX
Listed by Jennifer Permenter · License #0397828
Added: Apr 29 Checked: Jul 18 at 11:06 am
MLS# 21252269

Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

This offering presents six shovel-ready lakeside development lots in Watersedge at Lake Ray Hubbard. The sites are fully entitled with development plans and permits approved, with immediate permit issuance upon payment of fees. Infrastructure is complete, with no off-site improvements required, supporting a direct path toward vertical construction. The HOA-approved design flexibility includes the option for a townhome configuration, and the architectural direction follows a Mediterranean theme consistent with the existing community. The collection is positioned among newly completed residences, including an adjacent 3-bedroom, 3-bath luxury condominium at 2026 Portofino Drive.

Located in the heart of Rockwall’s Lakeside Harbor District, the property is steps from the Hilton Rockwall Lakefront Resort. The development benefits from walkable access to marina amenities and nearby dining, entertainment, and boutique retail. Immediate access to I-30 supports regional connectivity, with Downtown Dallas approximately 30–35 minutes away.

For developers and investors, this is a turnkey posture for luxury waterfront product, backed by nearby market acceptance demonstrated by pricing support for the adjacent completed condos. With all approvals in place and infrastructure already addressed, the lots can appeal to teams looking to move quickly from entitlement to construction within a recognizable, established waterfront lifestyle environment.

Key Highlights

  • Six (6) shovel‑ready, fully entitled luxury condominium development lots in Watersedge at Lake Ray Hubbard
  • All development plans and permits are fully approved, with immediate permit issuance upon payment of fees
  • Infrastructure is complete with no off‑site improvements required

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Waterfront Land

Suggested Use

Auto Repair Shop Auto Parts Store Daycare Center Storage Facility Garden Center Parking Lot & Garage Plumbing Service Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store Catering Service

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Waterfront Land - Six fully entitled lakeside lots with permit-ready status and complete infrastructure in an established luxury community setting.
Where is this waterfront land located?
The property is located at 2003 Portofino Drive Rockwall, TX.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Six (6) shovel‑ready, fully entitled luxury condominium development lots in Watersedge at Lake Ray Hubbard; All development plans and permits are fully approved, with immediate permit issuance upon payment of fees; Infrastructure is complete with no off‑site improvements required
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