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Little Elm, TXLittle Elm ISD

Valencia on the Lake

448 acres on Lewisville Lake, and Little Elm's genuine lakeside new construction

Valencia on the Lake is a 448-acre master-planned community along Rockhill Parkway on the shores of Lewisville Lake, with more than 80 acres of open space. It is marketed as one of the last opportunities to build along the lake in Little Elm, and that is close to accurate: most of the town's shoreline is already developed or is parkland. Mattamy Homes has been the lead developer, with First Texas Homes also building here.

Ask Mali About Valencia on the LakeAll Little Elm Neighborhoods

Price Range

Roughly $400K – $750K depending on plan, builder and lot position, above Little Elm's median owner-occupied home value of about $420,700 (US Census ACS 2020-2024 5-year). New-construction pricing moves with incentives; ask for current comps with an as-of month.

Property Types

New construction single-family, Larger family plans, Lots near open space

Year Built

2021–present

HOA: Community association funding the pool, amenity center, trails and open space. Confirm the current amount and any phase-level sub-association from the resale certificate.

Schools

Little Elm ISD

ElemLakeview Elementary
MiddleLakeside Middle School
HighLittle Elm High School

Commute & Access

About 15 min to the Dallas North Tollway · roughly 20 min to Frisco · about 35 min to Legacy West · roughly 55 min to Downtown Dallas outside peak

Highlights

What makes Valencia on the Lake stand out

  • Genuine Lewisville Lake proximity, which almost no new construction in the area still offers
  • More than 80 acres of open space across 448 acres
  • Little Elm ISD, a small district where the whole town feeds one high school
  • Master-planned amenities including pool and trail network
  • Rockhill Parkway access, which has improved connections west of Frisco considerably
  • Newer construction, so finishes and layouts are current

Best Fit

A family that wants lake access and new construction at a price that Frisco and The Colony no longer offer, and that is willing to trade commute time for it.

Who built it

  • Mattamy Homes
  • First Texas Homes

Nearby Amenities

  • Community pool and amenity center
  • More than 80 acres of open space and trails
  • Lewisville Lake access and the town's beach and marina facilities
  • Little Elm Park and the Lakefront district nearby
  • Playgrounds and gathering lawns

Major Employers Nearby

  • Toyota Motor North America (Legacy West, Plano)
  • The Star and PGA of America district in Frisco
  • Baylor Scott & White Frisco
  • Little Elm ISD and the Town of Little Elm
  • The Dallas North Tollway corporate corridor

How Valencia on the Lake trades

Lake proximity is the durable value here, because the supply of it is genuinely finite. The near-term constraint is ordinary: while the builder is still selling, resale competes against new inventory with incentives attached. Lot position matters more than usual, since proximity to open space and to the water is the thing buyers are paying for.

Taxes, dues and districts

Little Elm's newer communities can sit inside municipal utility or public improvement districts that add to the tax rate or add an assessment on top of HOA dues. Pull the rate for the exact address from the Denton Central Appraisal District record, and separately ask for the flood zone determination given the lake proximity, because that drives insurance cost.

Check these before you offer

The trade-offs a listing will not mention. None of these are reasons not to buy here; they are the things worth pricing in.

  • The commute is long. Little Elm sits west of Frisco and the drive to the Plano job centers is substantial at peak.
  • Still building, with construction traffic and unfinished phases.
  • Being near the lake is not the same as being on it. Check exactly what the specific lot sees and what may be built between it and the water.
  • Lakeside means mosquitoes in late summer, and it is worth checking flood zone status for the specific address.
  • Verify the tax rate and any special district assessment for the lot.

Valencia on the Lake: Frequently Asked Questions

What schools serve Valencia on the Lake?
Little Elm ISD, with the community generally attending Lakeview Elementary, Lakeside Middle School and Little Elm High School. Little Elm ISD is a small district, but it has grown quickly and adjusts zones, so confirm the current assignment for the specific address before you offer.
Are the homes actually on the lake?
The community is along the shores of Lewisville Lake with substantial open space, but individual lots vary a great deal in how close they are to the water and what they see. Do not rely on the community name: walk the specific lot, and ask what is planned for any undeveloped land between it and the shoreline.
Is Little Elm ISD or Frisco ISD the district here?
Valencia on the Lake is in Little Elm ISD. Parts of the town of Little Elm are served by Frisco ISD or Denton ISD instead, which is a genuine source of confusion locally, so district assignment in this town has to be checked address by address rather than assumed from the mailing city.

Nearby

More Little Elm neighborhoods

Work With a Little Elm RealtorLittle Elm City Guide