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$624,500

23258 Edgewater Dr, Frankston, TX, 75763

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths1,924 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$324.58 / sqft
Year BuiltBuilt in 1996

Property Lead Type:

Absentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Microwave, Refrigerator
FlooringCarpet, Laminate

Exterior

Exterior FeaturesRain Gutters

Building Information

Year Built1996
Garage Spaces2

Land Information

APN4335-0008-013A-87
Lot Number13A
SubdivisionThousand Pine Ranch Ests (268)
Land UseResidential
Legal DescriptionLT 13A AB 9 M GOLIHER SUR, THOUSAND PINE RANCH ESTS, BLK 8 LT 13A, C/381 **LIFE ESTATE LINDA ANN BLANTON**
Census Tract951401
Assessed Land Value$149,250
Assessed Improvement Value$380,533
Assessment Year2025

About this property

Welcome to your charming waterfront retreat on beautiful Lake Palestine, just south of Tyler in the hills and towering pines ofEast Texas. Nestled on a gently sloping, tree-shaded lot with over 200 feet of shoreline, this well-loved home offers theperfect setting to relax, entertain, and enjoy lake living at its finest. The expansive covered back porch spans the rear of thehome, overlooking the beautifully landscaped yard where majestic mature trees provide shade, privacy, and picturesquewater views. An adjoining open patio, also accessed from primary bedroom, offers additional space for outdoor dining andentertaining. Offering approximately 1,924 sq. ft., this thoughtfully designed 3-bedroom, 2-bath home lives much larger thanits size. The open-concept living, dining, and kitchen create a warm gathering space for family and friends. A wall of windowsfills the home with natural light while showcasing peaceful lake views, and a corner stone fireplace adds warmth and charmon cool evenings. The updated kitchen features abundant cabinetry, generous counter space, and a built-in buffet that makesentertaining a breeze. The split primary suite enjoys tranquil lake views, while two guest bedrooms and a full bath areprivately situated on the opposite side of the home. A utility room and attached two-car garage complete the interior. Stepthrough French doors onto the covered porch and stroll down to the single-stall enclosed boathouse with covered deck,perfectly positioned on a protected bay known for excellent fishing. Approximately 6+ feet of water at the boathouse providesoutstanding access for boating year-round. The beautifully landscaped yard is fully irrigated with a lake pump for easymaintenance. Whether you're looking for a weekend getaway, vacation home, or full-time waterfront residence, this delightfulLake Palestine retreat offers comfort, character, exceptional outdoor living, and the peaceful East Texas lake lifestyle you'vebeen dreaming of.

Investor Tools

Property Icon
$496,973
Estimated Property Value
$0Estimated Mortgage Balance
$496,973Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,747 /month
Positive
Cash Flow Estimate:
$1,249 /month

Interested in this property?

Dana Staples

Staples Sotheby's Internationa

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$315/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,295
$496,973
2025
$149,250
$380,533
$529,783
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,295
$496,973

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$496,973
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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23258 Edgewater Dr | Property Details | No Agent List