




$936,000
NAL Estimated Property Value22716 Diamond Bay Dr, Frankston, TX, 75763
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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.
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Learn About the Market: Opportunity in Texas




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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.
Population Growth
~1.3% annually
Net Migration
Positive
Median Home Price
$283,800
Unemployment Rate
4.3%
Price Trend
Flat
New Permits
158,121
City: Frankston
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