Small town, three sides water.
Living in Lakewood Village, Texas
Lakewood Village is a residential town on a Lewisville Lake peninsula, bordered by water on three sides, with 635 residents in 2020.
Why Lakewood Village
Denton County
Lakewood Village incorporated on April 26, 1977, and was first marketed as a second-home community with a golf course and airstrips. Today it is a quiet residential town of 635 people (2020 Census) on a peninsula in Lewisville Lake, between Little Elm, The Colony and Frisco. In 2019 it was designated an International Dark Sky Community, and the town provides city water and sewer plus full-time fire and EMS.
The lesson here is about what you are really paying for. Lakewood Village had one of the lower combined tax rates in Denton County in tax year 2025, about 1.73%, and builder David Weekley states its Northshore community has no HOA, MUD or PID tax. That makes a $700,000 home here cheaper to carry each month than a similar price in many master plans, so compare total monthly cost, not just list price, before you decide.
The numbers
Schools, taxes, commute
Lakewood Village is served by Little Elm ISD, with Walker Middle School and Little Elm High School. The district's seventh elementary, Lakewood Village Elementary, was projected to open for the 2025-26 school year and was the first campus built with 2022 bond funds. Builder listings may show older zoning, so confirm the current elementary assignment with the district.
For tax year 2025 the combined rate was about 1.73% (town 0.32, Denton County 0.185938, Little Elm ISD 1.2252). On a $700,000 home that is about $1,010 a month before homestead exemptions. The town adopted its $0.32 rate on Sept. 10, 2025, and Northshore is marketed with no MUD or PID tax, but verify each property's tax certificate.
| The Star, FriscoEldorado Parkway, approx. off-peak | 20-25 min |
| Legacy West, PlanoFM 423 and SH 121, approx. off-peak | 25-30 min |
| DFW AirportSH 121, approx. off-peak | 30-40 min |
| Downtown DallasDallas North Tollway, approx. off-peak | 40-45 min |
Where Lakewood Village sits
Drive times, schools and shopping around it. Ask me for a tour of the area.
Being built now
Little Elm ISD's seventh elementary, the first campus built with 2022 bond funds, was projected to open for the 2025-26 school year.[5]
David Weekley Homes is building two series: Garden homes listed from $649,159 and Estate homes on about one-third acre lots with plans from $814,990 (Oct 2026).[6]
The district's $289.5 million bond includes a second new elementary campus. The district has not named it or set an opening date.[5]
Where to look in Lakewood Village
Before you buy or sell
Lakewood Village has no commercial strip, so groceries, dining and errands mean driving to Little Elm, The Colony or Frisco. Before you buy, drive Eldorado Parkway and FM 423 at the times you would really commute. In exchange you get a 1.73% 2025 tax rate, a lake on three sides and new homes marketed without HOA, MUD or PID fees.
In a town this small, there are only a few sales a year, so your pricing has to account for brand new Northshore homes down the street. From my construction background, older peninsula homes compete best when the roof, windows and HVAC are clearly sound and the lake-facing rooms feel updated. Fix the mechanical items a new-build buyer would never worry about, and lean on the lot, the water and the low tax rate in your marketing.
See what clients say.
Read reviews from buyers, sellers and renters on Google, then ask me anything. I answer the same day, in English or Spanish.
Questions people ask about Lakewood Village
What are property taxes in Lakewood Village, TX?
Which school district is Lakewood Village in?
Is Lakewood Village a good place to live?
Is new construction in Lakewood Village worth it?
How big is Lakewood Village?
Your realtor in Lakewood Village
Buying or selling in Lakewood Village means knowing more than the city average. Homes here can fall in Little Elm ISD; combined 2025 tax rates run about 1.73% to 1.73% depending on the address, and communities like Northshore at Lakewood Village, Estate Series, Northshore at Lakewood Village, Garden Series and Original peninsula neighborhoods each behave like their own market.
As your Lakewood Village realtor I verify the school zoning, the full tax rate and any HOA, MUD or PID for every home before you write an offer, and I bring more than ten years of construction and remodeling experience to every inspection and pricing decision. I work from Formation at The Star in Frisco and help clients in English and Spanish.
Thinking about Lakewood Village?
Tell me what you're looking for and I'll come to the conversation prepared. Same-day response.
- Lakewood Village, Texas (Wikipedia: Census, location, history, schools), 2026-10
- 2025 DFW Tax Rates (Republic Title), 2026-10
- Town of Lakewood Village 2025 tax rate ordinance, 2026-10
- Lakewood Village, Texas Dark Sky Community (DarkSky International), 2026-10
- History of Little Elm ISD, 2026-10
- Northshore at Lakewood Village, Garden Series (David Weekley Homes via Jome), 2026-10
- Northshore at Lakewood Village, Estate Series (David Weekley Homes), 2026-10
- Town of Lakewood Village official site, 2026-10
- Little Elm ISD names principal for Lakewood Village Elementary, 2026-10
- Little Elm ISD Quick Financial Facts (tax rate), 2026-10
- Top 10 things to know before moving to Lakewood Village (Perry Homes), 2026-10
Figures change. Verify school zoning, tax rates and HOA or MUD fees for any specific address before you buy. Albert does this on every home he shows.