I just moved from Little Elm after living there for the last 4 years and I really enjoyed it out there. Its a growing city with a lot of new homes being built, which adds a lot of new tax revenue. The new Little Elm High School there is very nice and some parts of the city actually feed into Frisco ISD. There are plenty of parks, multiple access points to the Lake, and its very centrally located to all of the main roads (380, Tollway, I35). I would personally recommend it and would consider it a good place to live. If you want any info on the specific neighborhoods there, please contact me and I would be happy to answer any questions.