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I suggest two ways to obtain the expected result:
Fixed width: use a \parbox to enclose the paragraphs:
\parbox{2cm}{ Description1:\\ - line one\\ - line two\\ - line three}
Variable width: use a \tabular to structure the paragraphs:
\begin{tabular}{l} Description1:\\ - line one\\ - line two\\ - line three \end{tabular}
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This package, org-fragtog, seems to be a perfect solution. Although it's designed for org-mode, it works in LaTeX-mode as well. Simply install that package and enable org-fragtog-mode in your buffer. Then, after doing a preview-at-point, as your cursor goes in and out an equation, it automatically disables and enables rendering.
Animation from org-fragtog ...
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