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$343,000

NAL Estimated Property Value

22731 Diamond Bay Dr, Frankston, TX, 75763

$369,079 ARVInfo
Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,992 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$165.66 / sqft
Year BuiltBuilt in 1993

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Electric Water Heater
FlooringCeramic Tile, Vinyl

Building Information

Year Built1993
Roof Type105
Garage Spaces6

Land Information

APN2597-0000-0180-10
Lot Number18
SubdivisionDiamond Head Bay (34)
Land UseResidential
Legal DescriptionLT 18 AB 624 W PICKETT SUR, DIAMOND HEAD BAY, LT 18, D/150
Census Tract951401
Assessed Land Value$25,000
Assessed Improvement Value$294,014
Assessment Year2025

About this property

MOTIVATED SELLER. BRING ALL OFFERS! This stunning 2BR with en-suite bathrooms home located in a cul-de-sac on beautiful Lake Palestine. Access to a private boat ramp and a fishing pier within a gated community with HOA fee $245 a year. The living room large windows provide plenty of natural light. The open concept living area seamlessly connects to the dining and kitchen spaces making it a nice place to entertain. The kitchen is a chef’s dream with stainless steel appliances, extra deep sink, ample counter & storage space, large island, granite countertops with a leather surface feel and rough-cut edges. Large windows in each bedroom add beautiful, natural light. Storage and workshop is available in the attached and detached garages. The large deck overlooks vegetable gardens, fruit trees, and other native plants. The front yard features native trees, shrubs, and flowers. This house is perfect for entertaining family and friends, or relaxing and enjoying the peaceful view of the lake.

Investor Tools

Property Icon
$343,000
Estimated Property Value
$0Estimated Mortgage Balance
$343,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$369,079
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,058 /month
Positive
Cash Flow Estimate:
$686 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$316/month
$245/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,073
$319,014
2025
$25,000
$294,014
$319,014
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,073
$319,014

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$343,000
100%
0%
$0/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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22731 Diamond Bay Dr | Property Details | No Agent List