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Residential Land for Sale in Frankston, Texas

11524 & 11536 Drake's Lndg, Frankston, TX 75763

$299,999
1.86 acres
Active
$29k drop
Est $2,117/mo

UNBELIEVABLE pricing on this 1.86 acre waterfront lot in a small, quiet neighborhood just outside Frankston on Lake Palestine. It is exactly what you've hoped to find and NEVER before at such a great price for lot and boathouse! Here on Cobb's Inlet you would own all the way to the water---unusual for Lake Palestine. With a cul de sac location, towering established trees and a recently built boathouse and bulkhead this is not your typical lake lot with 324' of shoreline! The boathouse provides an air-conditioned room to escape from the heat of the day with a sink, refrigerator and microwave for ease of entertaining. You could spend the occasional night here as well with a "portable bathroom" on site with air conditioning, that holds its own enclosed septic tank. Bonus storage room is perfect for lake toys and has a shower to rinse off in. The boathouse also has a one slip electric lift, a fish cleaning station, covered area for protection from the sun and rain and the perfect spot to fish right from the dock with wide stairs leading down to the water. The view is fantastic with a pine forest across the water. All this with water and electric provided, unbelievable at this new price point--- all you need to bring would be your new house plans and prepare for life on the lake. Don't wait, call now for your private showing!

Location

Street address
11524 & 11536 Drake's Lndg
Community
Lakeside Estates
Elevation
364 feet
Coordinates
32.0846, -95.4719

Directions

From Tyler, take Hwy 155 S, to Left @ Midway Pkg Store on FM 2215 to stop sign. Turn left on 4117, to right on Jeb Circle. First sign is on lot designated for septic. Turn right onto Drake's Landing (through stone entrance) Second sign on waterfront lots.

Property details

Acreage
1.86 acres
MLS #
GTAR 25003037
Posted

Property taxes

Recent
$831

Details and features

Listing

Type
Land

Lot

Waterfront
Waterfront

Exterior

Fencing
Fenced
Features
Fencing

Nearby schools

NameLevelDistrictDescription
FrankstonElementary
FrankstonMiddle
FrankstonHigh

Listing history

DateEventPriceChangeSource
Oct 18, 2025Price drop$299,999$29,001 -8.8%GTAR
Sept 1, 2025Price drop$329,000$10,000 -2.9%GTAR
Aug 4, 2025Price drop$339,000$10,000 -2.9%GTAR
June 7, 2025Price drop$349,000$10,000 -2.8%GTAR
May 2, 2025Price drop$359,000$10,000 -2.7%GTAR
Feb 28, 2025New listing$369,000GTAR
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Payment calculator

This 1.86-acre property is located at 11524 & 11536 Drake's Lndg in Frankston, TX 75763. The property is available for sale for $299,999 with a price per acre of $161,290.

Checked 1 hour ago — Updated

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