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$360,000

21903 Boles Rd, Frankston, TX, 75763

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,845 Sq Ft
Manufactured HomeManufactured Home
price_per_sqft$195.12 / sqft
Year BuiltBuilt in 2024

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
AppliancesDishwasher, Microwave, Refrigerator, Electric Water Heater
FlooringVinyl

Building Information

Year Built1985
Garage Spaces2

Land Information

APN2680-0000-0210-87
Lot Number21,22
SubdivisionEcho Hill (29)
Land UseResidential
Legal DescriptionLTS 21 & 22 AB 270 P & C C GARLAND SUR, ECHO HILL, LTS 21 & 22 (I/O)
Census Tract951401
Assessed Land Value$72,750
Assessed Improvement Value$7,938
Assessment Year2025

About this property

Wake up to stunning lake views every single morning — this beautiful 2024 Cavalier Manufactured Home sits on two waterfront lots on Lake Palestine, and it does not disappoint. Nestled on a peaceful fishing bay with approximately 100 feet of shoreline, the yard gently slopes right down to the water's edge, where a brand new boat dock and fishing pier are ready and waiting for you. Inside, the open floor plan feels bright and airy, anchored by a gorgeous living area with beamed ceilings, a gas fireplace, and picture windows that frame those lake views perfectly. The dining area looks out over the water too — because why would you want to look at anything else? The kitchen is fully equipped with a center island, all appliances, and plenty of space to entertain after a day on the water. Step out to the covered back porch and take it all in. At 1,845 sq. ft. and in excellent condition, this home is truly move-in ready for lake living. The 20' x 38' shop/garage gives you all the room you need for the boat, jet skis, and lake toys — plus a wood-burning stove to keep things cozy year-round. Short-term rentals are allowed, making this a fantastic investment opportunity as well. Properties like this — with a new dock, sweeping lake views, and direct waterfront access on Lake Palestine — don't come around often. Come see it for yourself!

Investor Tools

$301,355Estimated Mortgage Balance
$44,645Estimated Equity
12% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,160 /month
Positive
Cash Flow Estimate:
$720 /month

Interested in this property?

Susan Adams

Kristi Martin Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$321/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,123
$80,688
2025
$72,750
$7,938
$80,688
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,123
$80,688

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Charles L Wolfe
Purchase Money Mortgage
$320,000
No
First
Mar 27, 2023
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$301,355
$44,645
12%
87%
$1,919/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Frankston

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