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Lakewood Village, Texas

Lakewood Village (original sections)

The original 1968 lakeside neighborhood that became the Town of Lakewood Village, with no HOA and homes from many decades.

By Albert Angarita, REALTOR®Updated October 2026Sources listed below
Ask Albert about Lakewood Village (original sections) →The Lakewood Village guide
Licensed REALTOR®Texas #0773351, Amazing Brokerage
10+ yearsConstruction and remodeling
English y españolBilingual service
The Star, FriscoFormation, 5 Cowboys Way
Overview

Inside Lakewood Village (original sections)

The original Lakewood Village sections are the neighborhood that became the town. Dallas home builder E. Allen Graham bought the land in 1958, Section One was developed in 1968 and Section Two around 1970 to 1971, when lots were widened from 75 to 100 feet, and residents voted to incorporate in April 1977. Today homes range from modest 1990s houses to remodeled lakefront properties, and listings in 2026 showed no HOA.

The lesson here is condition. Homes were built over several decades by different builders, so two houses on the same street can be worlds apart in roof, foundation, plumbing and layout. With my construction background I help buyers judge what an older home will really cost to bring up to date, and I help sellers decide which updates pay back before listing, because buyers here pay a premium for homes that are already done.

At a glance

The facts

E. Allen Graham[1]
Original developer
Lakewood Village Development Company; land bought 1958
Developed 1968[1]
Section One
Section Two around 1970 to 1971
April 1977[1]
Town incorporated
635[2]
Population
2020 census
None[3]
HOA
per 2026 listings
$555,000 to $1,545,000[3]
Recent listings
Sec 2 (Feb 2026) and Sec 3 lakefront (June 2026)
Little Elm ISD[3]
School district
verify campus per address
Amenities

Lakefront lots on the main body of Lewisville Lake in some sections, Shoreline fishing, walking and kayaking, International Dark Sky Community since 2019, Lewisville Lake State Park a short drive away

Location

Lakewood Village sits on a Lewisville Lake peninsula bordered by water on three sides, between I-35 and the Dallas North Tollway. Main access is FM 423 and Lake Shore Drive, which connect to SH 121.

Taxes, MUD and PID

Listings in the original sections show no HOA, and a 2026 lakefront listing showed unexempt taxes of $15,476. Rates come from the town, Denton County and Little Elm ISD, and I pull the appraisal district record for each address before you make an offer.

On the map

Where Lakewood Village (original sections) sits

Drive times, schools and shopping around it. Ask me for a tour of the area.

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Albert Angarita, REALTOR
Reviews

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.

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FAQ

About Lakewood Village (original sections)

Does Lakewood Village have an HOA?
Listings in Lakewood Village Sections 2 and 3 showed no HOA in 2026. The town itself sets the rules, so ask me about town requirements before planning additions or exterior lighting.
What schools serve Lakewood Village?
Lakewood Village is served by Little Elm ISD, and the district built a new Lakewood Village Elementary. Older listings may still show Oak Point Elementary, so confirm zoning with the district.
How much are homes in Lakewood Village?
In 2026, a 1,996 sq ft 1996 home in Section 2 was listed at $555,000, and a 3,227 sq ft lakefront home on the main body of the lake in Section 3 was reduced to $1,545,000. Lakefront and condition drive the spread.
How much is my Lakewood Village home worth?
It depends on whether you are lakefront, the lot, the age and condition of the house and how much has been updated. I prepare a free comparative market analysis and can tell you which updates are worth doing before you list.
Talk to Albert

Looking in Lakewood Village (original sections)?

I track new listings, resale history and builder incentives here. Tell me what you need and I'll send what fits.

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Also in Lakewood Village
Northshore at Lakewood VillageAll neighborhoods
Sources
  1. Town of Lakewood Village: Town history
  2. Wikipedia: Lakewood Village, Texas
  3. Listing: 870 Highridge Drive, Lakewood Village Sec 3 (June 2026)
  4. Listing: 305 Parkwood Drive, Lakewood Village Sec 2 (Feb 2026)
  5. Perry Homes: Things to know before moving to Lakewood Village
  6. Jackson Construction: Little Elm ISD Lakewood Village Elementary School

HOA dues, MUD and PID assessments and school zoning change by section. Albert verifies them for every address.