Lakefront Living in Frisco: Inside 1165 Clearwater Dr at The Shores at Waterstone

A Rare Find: Lakefront Living Inside a Gated Frisco Community

In the Frisco area, lakefront homes inside gated communities are exceptionally rare. Most buyers looking for Lake Lewisville access have to choose between waterfront living and the security and exclusivity of a gated neighborhood. At 1165 Clearwater Dr in The Shores at Waterstone, you get both.

This 5,183-square-foot home sits on a quarter-acre greenbelt lot overlooking Corps of Engineers land and Lake Lewisville. It was previously listed at $1,250,000 — and is now offered at $1,050,000, a $200,000 reduction that makes it one of the strongest lakefront values in all of DFW.

But the price is only part of the story. This is a fully integrated smart home with dual primary suites, a chef's kitchen, a game room, a dedicated media room, and resort-style community amenities — all behind a gated entrance on the lake.

The Home: 5,183 Square Feet of Smart Living

Step through the front door and the first thing you notice is the foyer — nearly 400 square feet of cathedral ceilings and natural light. It sets the tone for the rest of the home.

Off the foyer you will find a versatile flex room that works as a sitting room, home office, music room, or playroom depending on your needs. Down the hall, a formal dining room stretches over 23 feet, comfortably seating 12 or more for holiday gatherings.

The great room anchors the main living space with a gas fireplace and elegant wainscoting. This is your everyday gathering space, and it flows directly into the chef's kitchen.

That kitchen features a massive granite center island with seating for six, a gas cooktop, double oven, and a butler's pantry — the secret weapon for keeping the kitchen spotless during large events. An oversized mudroom doubles as a second pantry with room for a full-size refrigerator.

The main floor also includes a private study pre-wired for speakers (ideal for remote work), a downstairs primary suite with walk-in closet and en-suite bathroom, a laundry room, and a powder room.

Upstairs, you will find a second primary suite with its own ensuite bathroom and walk-in closet, a game room, a dedicated media room with hidden equipment wiring, and two additional bedrooms — all pre-wired for TV.

View the full listing with all photos, video tour, and 3D walkthrough at https://everkinrealtygroup.com/1165-clearwater-dr-frisco-tx-75036.

• 5,183 sq ft on a 0.24-acre greenbelt lot
• 4 bedrooms, 4.5 bathrooms with two full primary suites
• Chef's kitchen: granite island, gas cooktop, double oven, butler's pantry
• Game room, media room, study — entertainment and work spaces on both floors
• Cathedral ceiling foyer, formal dining room, great room with fireplace

Smart Home Technology That Runs on Your Phone

This home comes equipped with a full suite of smart technology. Two Google Nest thermostats let you control the climate from anywhere, and a Nest video doorbell shows you who is at the door whether you are home or across town. Electronic front door locks allow keyless entry, temporary guest codes, and real-time notifications.

Outside, an app-controlled irrigation system manages your lawn watering from your phone, and a smart garage motor opens and closes on command — with an auto-close feature if you forget.

Six rooms plus the outdoor patio are pre-wired for whole-home audio, so you can have music flowing throughout the house from a single device.

• Google Nest thermostat and video doorbell
• Electronic front door locks with guest codes
• App-controlled irrigation system
• Smart garage motor with auto-close
• Pre-wired for whole-home speakers in 6 rooms plus patio

Built for Efficiency: Spray Foam, Tankless, and More

Beyond the smart features, this home is engineered for long-term efficiency and low maintenance. Spray foam insulation throughout the home creates a sealed envelope that keeps energy costs significantly lower than traditional insulation.

Dual tankless water heaters provide endless hot water for both floors while reducing utility bills compared to tank-based systems. Dual HVAC compressors allow separate climate zones for upstairs and downstairs, so each floor maintains consistent comfort year-round.

A French drain system directing water away from the foundation — a critical feature in North Texas where clay soil expansion is a common concern. The home is also pre-wired for a central vacuum system.

• Spray foam insulation — superior energy efficiency and sealed envelope
• Dual tankless water heaters — endless hot water, lower monthly bills
• Dual HVAC compressors — independent climate zones upstairs and down
• French drain system — every gutter connected, no standing water or foundation concerns

Multi-Generational Living with Dual Primary Suites

One of the most compelling features of this home is its dual primary suite layout — one on the main floor and one upstairs.

The downstairs primary is ideal for parents who prefer single-story living, family members who cannot manage stairs, or anyone who simply wants the convenience of a main-floor bedroom, bathroom, and closet. Most homes in this size range force the primary suite upstairs. This one gives you the choice.

Upstairs, the second primary suite offers complete privacy with its own ensuite bathroom and walk-in closet. Combined with the game room, media room, and two additional bedrooms, the entire upper floor functions as a self-contained living zone.

With 4.5 bathrooms spread across both floors, every member of the household has their own space. This layout is increasingly sought after by multi-generational families throughout DFW, and this home does it better than most.

Resort-Style Community on Lake Lewisville

The Shores at Waterstone is one of the few gated communities in the Frisco area that sits directly on Lake Lewisville. The amenities reflect that lakeside positioning.

A resort-style pool with a splash pad sits right next to catch-and-release fishing ponds — the kind of scene where parents can relax poolside while kids fish just steps away. The clubhouse includes a full weight room and event space. 

A playground rounds out the family amenities, and the gated entrance provides security and controlled access for all residents.

This particular lot overlooks the Corps of Engineers greenbelt — federally protected land that extends to Lake Lewisville.

• Resort-style lakeside pool and splash pad
• Clubhouse with weight room and event space
• Catch-and-release fishing ponds adjacent to pool area
• Miles of waterfront walking and biking trails
• Gated entrance with controlled access

Location, Schools, and Nearby Attractions

The property is served by Little Elm ISD. Zoned schools include Prestwick STEM Academy (elementary), Lakeview Middle School, and Little Elm High School.

The location provides easy access to major DFW destinations. The Star District in Frisco — home of the Dallas Cowboys headquarters — is roughly 14 minutes away. Stonebriar Centre, Legacy West and the Shops at Legacy are within 18 minutes. The new PGA of America headquarters is approximately 8 minutes away.

For everyday convenience, FM 423 is minutes from the community entrance. The Dallas North Tollway and SH 121/Sam Rayburn Tollway provide quick highway access throughout the metroplex.

Pricing: $200,000 Below Previous List Price

At $1,050,000, this home comes in at roughly $202 per square foot — a figure that stands out when you consider that comparable new construction in the area is pricing at $250 per square foot and above. For a lakefront smart home inside a gated community, this is one of the strongest values currently available in DFW.

The $200,000 reduction from the previous $1,250,000 list price triggers automatic alerts and Price Cut badges across Zillow, Realtor.com, and other major portals. Buyers who had this home on their watch list at the higher price are being notified right now.

This is the kind of pricing window that does not stay open long in a lakefront community with limited inventory.

See all photos, the full video tour, and a 3D walkthrough on the listing page: https://everkinrealtygroup.com/1165-clearwater-dr-frisco-tx-75036.

Some homes are defined by their square footage or their finishes. This one is defined by the moment you stand at the front of the property, look across the protected greenbelt toward Lake Lewisville, and realize that no one can ever build on that land. These views are yours — permanently.

Frequently asked questions (FAQ):

Q: What school district is The Shores at Waterstone in?

This is one of the most common questions we get. The mailing address is Frisco, TX 75036, but The Shores at Waterstone is zoned to Little Elm ISD. Schools include Prestwick STEM Academy (elementary), Lakeview Middle School, and Little Elm High School. Little Elm ISD has been investing heavily in new facilities and programs, and Prestwick STEM Academy in particular has earned strong ratings for its STEM-focused curriculum. Many families in the community chose The Shores specifically because they get a Frisco-area location with lakefront living — and LEISD schools that are growing rapidly in quality and resources. Review school districts and school ratings here https://www.niche.com/

Q: Is The Shores at Waterstone a gated community?

Yes — The Shores at Waterstone features a gated entrance with controlled access, providing security and exclusivity for all residents.

Q: What amenities does the community offer?

Resort-style pool with splash pad, clubhouse with weight room, two fishing ponds, kayaking/canoeing on Lake Lewisville, playground, and miles of waterfront trails.

Q: Why was the price reduced from $1,250,000?

The property is being relisted with a new agent and a fresh marketing strategy. The updated price of $1,050,000 (approximately $202 per square foot) positions this property as one of the best lakefront values in the DFW market today. 

For buyers, this creates a unique opportunity to secure a premium lakefront home at a significantly improved value.

Q: What smart home features are included?

Google Nest thermostat and doorbell, electronic door locks, app-controlled irrigation, smart garage motor, and pre-wiring for whole-home speakers in 6 rooms plus the outdoor patio.