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$936,000

NAL Estimated Property Value

22716 Diamond Bay Dr, Frankston, TX, 75763

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths3,015 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$331.64 / sqft
Year BuiltBuilt in 2002

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Garage AvailableGarage Available
AppliancesDishwasher, Disposal, Electric Range, Electric Water Heater, Microwave
FlooringCarpet, Hardwood, Tile

Exterior

Exterior FeaturesBalcony, Dock, Fire Pit

Building Information

Year Built2002
Garage Spaces5

Land Information

APN2597-0000-0170-10
Lot Number17
SubdivisionDiamond Head Bay (34)
Land UseResidential
Legal DescriptionLT 17 AB 624 W PICKETT SUR, DIAMOND HEAD BAY, LT 17
Census Tract951401
Assessed Land Value$148,050
Assessed Improvement Value$807,057
Assessment Year2025

About this property

PRICE IMPROVEMENT & NEW BULK HEAD ON THIS LAKE FRONT BEAUTY! Nestled in a secluded cul-de-sac on the shores of Lake Palestine, this stunning waterfront retreat offers privacy, charm, and modern comforts in a quiet neighborhood setting. The classic 3015 sq foot home features 3 spacious bedrooms, each with its own ensuite bathroom for ultimate convenience. Boasting two inviting living areas, soaring high ceilings, hand-scrapped red oak, thick floors and recessed lighting throughout, the home is filled with warmth and elegance. At the heart of the home, the chef’s kitchen provides an ideal space for entertaining, while the outdoor covered porch and the screened in back patio offers breathtaking views of the lake. The lower level includes nearly 1,400 square feet of heated and cooled basement space, complete with a full bathroom, making it a perfect flex area for guests, a game room, or additional living quarters. Outdoors, you’ll be surrounded by professionally landscaped gardens bursting with azaleas, creating a vibrant, picturesque backdrop year round. The property’s boathouse is a true highlight, with two boat slips and space for a third, along with a spacious deck situated in the deep waters of the lake perfect for fishing, swimming, or sunset gatherings. Additional features include timeless finishes, and thoughtfully designed spaces, including the attic over garage is complete with flooring and has the capability of being finished out with a bathroom. This home was thoughtfully built with ADA accessibility in mind, offering features such as wide hallways and doorways, a step-free entrance, and an accessible ensuite with a roll in shower. It provides comfort, safety, and ease of living for individuals with mobility needs. This home is located only 20 mins from Tyler, 10 mins from shopping, gyms, and dining out. This rare Lake Palestine treasure offers the perfect balance of seclusion, luxury, and lakeside living.

Investor Tools

Property Icon
$936,000
Estimated Property Value
$711,056Estimated Mortgage Balance
$224,944Estimated Equity
24% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,999 /month
Positive
Cash Flow Estimate:
$2,000 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$728/month
$245/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,058
$924,594
2025
$148,050
$807,057
$955,107
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,058
$924,594

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Guaranteed Rate Inc
Unknown
$716,250
No
First
Dec 18, 2025
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$711,056
$224,944
24%
76%
$4,295/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.

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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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22716 Diamond Bay Dr | Property Details | No Agent List