1211 Bert Lane, Little Elm, TX 75068

TRUE LAKEFRONT UNDER $200K: the rarest thing in DFW real estate. Wide open water views of Lake Lewisville from one of the original lakefront neighborhoods, in unincorporated Denton County: no HOA, no city taxes, county building guidelines. That means lower carrying costs and real flexibility on what you build, and no deadline to build it.

Survey and septic design are already done, so months of front-end engineering are behind you. Bring your own builder whenever you're ready. The shoreline has a solid rock bottom: fish from the bank in the evening or pull the boat up for the afternoon, with the toll bridge lit up across the water. Lakefront homes on this lake trade for seven figures. The land under them is what's scarce, and this is the lowest-priced open-water lot on the market. Priced to sell this week. Survey and septic plans in transaction desk.