About 2003 Portofino Drive
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
Features of 2003 Portofino Drive
| MLS® # | 21252269 |
|---|---|
| Price | $995,000 |
| Square Footage | 25,950 |
| Acres | 0.60 |
| Type | Commercial Sale |
| Sub-Type | Unimproved Land |
| Status | Active |
Community Information
| Address | 2003 Portofino Drive |
|---|---|
| Subdivision | Watersedge |
| City | Rockwall |
| County | Rockwall |
| State | Texas |
| Zip Code | 75032 |
Amenities
| Utilities | City Sewer, City Water, Concrete, Curbs, Electricity Connected, Sidewalk, Underground Utilities |
|---|---|
| Is Waterfront | Yes |
| Waterfront | Lake Front |
| Has Pool | No |
Interior
| Fireplace | No |
|---|---|
| # of Stories | 3 |
| Stories | 3 |
Exterior
| Construction | Brick, Rock/Stone, Other |
|---|
Additional Information
| Zoning | PD-22: Planned Development - Residential |
|---|---|
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Jennifer Permenter |
|---|---|
| Office | Younger Partners Dallas, LLC |
| Contact Info | 214-294-4400 |