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2003 Portofino Drive
Rockwall, Texas 75032

County: Rockwall Watersedge

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

Essential Information

  • Price$995,000
  • Cumulative Days on MarketUnlock
  • MLS® #21252269
  • Acres0.60
  • Built Desc.Proposed
  • TypeCommercial Sale
  • Sub-TypeUnimproved Land
  • StatusActive
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Property Details

Community

  • Address2003 Portofino Drive
  • SubdivisionWatersedge
  • CityRockwall
  • CountyRockwall
  • StateTexas
  • Zip Code75032
  • UtilitiesCity Sewer, City Water, Concrete, Curbs, Electricity Connected, Sidewalk, Underground Utilities

Amenities

  • WaterfrontYes
  • WaterfrontLake Front

Interior

  • Stories3

Construction Details / Floorplan

  • Stories3
  • ConstructionBrick, Rock/Stone, Other

Additional Information

  • ZoningPD-22: Planned Development - Residential

Private Listing Information (Registration Required)

Listing Details

  • AgentJennifer Permenter
  • OfficeYounger Partners Dallas, Llc

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Listing information last updated on October 20th, 2026 at 8:16am CDT.