25,950 sqft

$995,000

2003 Portofino Drive, Rockwall TX, 75032

Price per sqft$38.34

Property size25,950 sqft

Property typeCommercial

Overview

Active

Updated Jun 8

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

Additional information

MLS^® ID: 21252269

Interior Features

Basement: No

Exterior Features

Lot Size: 0.6 Acres

Other Property Details

Waterfront: Yes

Listed by Jennifer Permenter with Younger Partners Dallas, LLC
Listing Contact: 214-294-4400

The IDX display contains information sourced from the North Texas Real Estate Information Systems, Inc. as of 6/8/2026. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

Data last updated on 6/8/2026 at 2:56 PM UTC