Right off the shore of Lake Lewisville is Valencia on the Lake — a premier master-planned community arranged across 448 beautiful acres in Little Elm. First Texas Homes’ acclaimed floor plans We believe that allowing our customers to incorporate their vision, by making changes to our acclaimed floor plans provides truly custom-quality homes, at the absolute best value. Oversized, green belt or water-view homesites are also available. 80 acres of the community have been set aside as open green space, and an impressive amenity center with a swimming complex provides a hub of resident-only social activity, fitness, and more.