Frisco's lakefront neighborhoods sit east of Summit Boulevard, where Main Street runs out into the marina and the land meets Dillon Reservoir. These are among the newest developments in town, built to take advantage of the one thing the historic grid can't offer: water at the doorstep. This is the side of Frisco where the front door opens toward sailboats rather than storefronts.
Turnover is limited, and lake-view units draw strong competition when they come to market.
The reservoir itself was filled in the early 1960s, submerging old Dillon and creating a 3,300-acre lake with 27 miles of shoreline. The communities along its Frisco shore, from the Lakepoint cluster to Prospect Point and the Landings, are oriented entirely around the water, the marina, and the rec path, with a true lake view the single biggest driver of price.
Common questions about Frisco Lakefront on Lake Dillon real estate
What are the Frisco lakefront neighborhoods?
Frisco's lakefront neighborhoods sit east of Summit Boulevard, where Main Street runs out into the marina and the land meets Dillon Reservoir. They're among the newest developments in town, built around water access, the marina, and the rec path, with a clear premium on true lake views.
What kind of homes are on the Frisco lakefront?
The Frisco lakefront is the newer, scarcer half of the market, spanning the Lakepoint communities, Prospect Point, The Landings, and the Lagoon and Bay areas. Lakefront and lake-view inventory turns over less often than the in-town grid, and a true lake view carries a clear premium over merely lake-adjacent product.
Can you short-term rent on the Frisco lakefront?
The Town of Frisco caps short-term rentals at 25 percent of the housing stock, and the 900-license cap is reached with an active waitlist of roughly 12 to 14 months as of early 2026. The single license type is non-transferable on sale, and many lakefront buildings add their own rental rules on top of the town cap, so confirm both the town waitlist and the HOA before underwriting rental income.
Is there a transfer tax on Frisco lakefront property?
Yes. The Town of Frisco charges a 1 percent Real Estate Investment Fee (REIF), due at closing, with a Locals' Exemption available for qualified 12-month residents.