This 1.86 acre waterfront lot in a small, quiet neighborhood just outside Frankston on Lake Palestine is exactly what you’ve hoped to find! 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--- all you need to bring would be your new house plans and prepare for life on the lake!
Lot/land
Price cut: $10K (8/4)
$339,000
11524 Drakes Lndg, Frankston, TX 75763
--beds
--baths
1.86Acres
Improved Land
Built in ----
1.86 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 159 days
- on Zillow |
- 101 |
- 13 |
Zillow last checked: 7 hours ago
Listing updated: August 04, 2025 at 10:12am
Listed by:
Mimi Burch 0620107 903-876-1051,
Staples Sotheby's Internationa 903-876-1051
Source: NTREIS,MLS#: 20861082
Travel times
Facts & features
Interior
Video & virtual tour
Property
Features
- Exterior features: Boat Slip, Other
- Fencing: Partial
- Waterfront features: Boat Dock/Slip, Lake Front, Waterfront
Lot
- Size: 1.86 Acres
- Features: Other, Many Trees, Subdivision, Waterfront, Retaining Wall, Sloped
- Topography: Sloping
Details
- Additional structures: Boat House, See Remarks
- Parcel number: 32910001001087
- Zoning description: Residential
Utilities & green energy
- Utilities for property: Electricity Connected, See Remarks
Community & HOA
Community
- Subdivision: Lakeside Estate
HOA
- Has HOA: No
Location
- Region: Frankston
Financial & listing details
- Tax assessed value: $28,420
- Annual tax amount: $831
- Date on market: 3/4/2025
- Exclusions: See Associated Documents
- Electric utility on property: Yes
- Road surface type: Asphalt
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