Little Elm “The town known for its little lake attitude.” Located on the shores of Lake Lewisville, Valencia on the Lake is the latest lakeshore development planned on 448 acres in Little Elm that will offer affordable lakeshore living on over 1300 lots. The community will feature some upscale town home living and affordable 80' to ¼ acre home-sites. When you travel through the Valencia neighborhood, you will be taken away by scenic views of the lake. If you are drawn to small town charm, you will fall in love with our Valencia on the Lake community. Valencia on the Lake is located along Rockhill Parkway in Little Elm, Texas.