-Now Pre-Selling Phase II!!!- (Greenbelt & Lake Views Available While They Last!!!) Proudly served by Little Elm ISD Valencia on the Lake is located in Little Elm, a charming town with a lakeside atmosphere resting along the peaceful shores of beautiful, Lake Lewisville. The community will feature 80 acres of dedicated green space with access to a community amenity center with a swimming complex, tennis courts and restaurants. The community is located in close proximity to the metroplex with HWY 380 and the North Dallas Tollway nearby. Shops, restaurants and entertainment are just a short drive away!