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$575,000

23126 J E B Cir, Frankston, TX, 75763

On MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,272 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$253.08 / sqft
Year BuiltBuilt in 1982

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Microwave, Gas Water Heater, Electric Water Heater

Building Information

Year Built1982
Roof Type105
Garage Spaces2

Land Information

APN4335-0015-0160-87
Lot Number16
SubdivisionThousand Pine Ranch Ests (268)
Land UseResidential
Legal DescriptionLT 16 AB 9 M GOLIHER SUR, THOUSAND PINE RANCH ESTS, BLK 15 LT 16
Census Tract951401
Assessed Land Value$63,750
Assessed Improvement Value$419,786
Assessment Year2025

About this property

Updated waterfront home on a beautiful, tree-shaded lot in a well-maintained, established neighborhood on Lake Palestine. Ideally located on sought-after Cobb Inlet—known for excellent fishing and minimal wave action that helps prevent shoreline erosion—this property offers both tranquility and lake fun. The home features 3 bedrooms and 3 ensuite baths, a welcoming living area with gas log fireplace, spacious dining area, and a 2-car garage plus an additional 2-car carport. The primary bedroom has a beamed wood ceiling, bath with soaking tub and shower, plus a large walk-in closet with laundry area. Above the garage is a large multi-purpose room, currently used as a bedroom, complete with a full bath and kitchenette—perfect for children, guests, or parents, with a chair lift available if needed. Enjoy outdoor living on the wonderful, covered deck that extends to an open stone, tree-shaded patio overlooking the fenced backyard and the peaceful lake beyond. Trex decking installed everywhere sun reaches with perfectly matched painted decking on covered areas. Spend endless hours at the boathouse featuring Trex decking, two stalls with remote controlled boat covers, a fish cleaning station, and both open and covered seating with easy access to fishing and all your favorite lake activities. Additional amenities include a concrete RV Pad with 50-amp electric service, plus water and sewer connections and like new storage building with new roof. Extensive updates throughout—including new foam insulation, tankless water heater, and much more—making this lakefront home as comfortable as it is inviting. A perfect blend of relaxed lake living and thoughtful upgrades on Lake Palestine.

Investor Tools

Property Icon
$569,000
Estimated Property Value
$157,623Estimated Mortgage Balance
$432,752Estimated Equity
72% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,450 /month
Positive
Cash Flow Estimate:
$1,150 /month

Interested in this property?

Dana Staples

Staples Sotheby's International Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$482/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,944
$445,643
2025
$63,750
$419,786
$483,536
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,944
$445,643

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Austin Bank
Conventional
$157,623
No
First
Sep 27, 2019
Nov 2049

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$136,841
$456,159
76%
24%
$946/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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23126 J E B Cir | Property Details | No Agent List