2003 Portofino Drive, Rockwall, TX 75032
Watersedge · Rockwall County
Key Facts
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
Property Information
Property Type
Commercial Sale
Sub-Type
Unimproved Land
Stories
3
Living Area
25,950 sq ft
Lot Size
0.60 acres
Days on Market
1
MLS® Listing#
21252269
Property Features
Lot Features
Construction
Utilities
Sewer
Water Source
Financial Details
Parcel Number
61701
Directions
From I30 E, exit Shoreline Trail, turn right on Summer Lee Dr. Turn right on Portofino Dr, property is straight ahead.
Affordability Calculator
$199,000
Estimated monthly payment
$5,296/mo
Principal $796,000 · Est. interest $1,110,491 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Rockwall, TX
- $563,804
- Median Listing Price
- 65
- Median Days on Market
- 2,904
- Median Sq Ft
- $204
- Median Price / Sq Ft
- 461
- Active Listings
- This home’s price is 76% above the area median.
- Its price per sq ft is 81% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Rockwall, TX.
Location
Points of Interest in Rockwall, TX
Showing the Rockwall area map.
Nearby Schools
Primrose Schools
Elementary · 0.5 mi away
Rockwall Sewing School
School · 1.3 mi away
Amanda Rochell Elementary
Elementary · 1.6 mi away
Goddard School
School · 1.7 mi away
Rockwall High School
Secondary · 1.8 mi away
Rockwall H S
Secondary · 1.8 mi away
Spanish Schoolhouse
School · 1.9 mi away
The Fulton School
Elementary · 1.9 mi away
Heritage Christian Academy
School · 2.4 mi away
Dorothy Smith Pullen Elementary
Elementary · 2.4 mi away
Doris Cullins-Lake Pointe Elementary
Elementary · 2.5 mi away
Education Center International Academy
School · 2.6 mi away
Maurine Cain Middle School
Secondary · 2.6 mi away
Ouida Springer
Elementary · 2.7 mi away
Rockwall Independent School District
Secondary · 2.7 mi away
Utley Middle School
Secondary · 2.8 mi away
Galaxy Ranch Private School
School · 2.8 mi away
Herfurth Elementary School
Elementary · 2.8 mi away
Rockwall Heath High School
Secondary · 2.8 mi away
Nita Pearson Elementary School
Elementary · 3.0 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 2111 Grand Avenue, Rockwall, TX | $696,900 | 4 | 4 | 2,769 |
| 2335 Miranda Lane, Rockwall, TX | $697,249 | 4 | 5 | 3,547 |
| 711 Ridgeview Drive, Rockwall, TX | $699,000 | 4 | 4 | 4,387 |
| 729 Turtle Cove Boulevard, Rockwall, TX | $699,000 | 2 | 2 | 2,193 |
| 5208 Yacht Club Drive, Rockwall, TX | $699,000 | 4 | 3 | 2,851 |
| 920 Lookout Drive, Rockwall, TX | $699,900 | 3 | 4 | 2,896 |
Moving Cost Estimate
EXIT Agents in Rockwall
Listing Courtesy: Younger Partners Dallas, LLC - 214-294-4400
Presented by: Jennifer Permenter
Last Updated: 2026-04-27