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$649,000

NAL Estimated Property Value

7270 Panorama Dr E, Frankston, TX, 75763

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,694 Sq Ft
price_per_sqft$241.24 / sqft
Year BuiltBuilt in 1980

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Range, Microwave, Other
FlooringCarpet, Tile, Vinyl

Exterior

Exterior FeaturesAwning(s), Balcony, Boat Slip, Dock, Rain Gutters

Building Information

Year Built1980
Roof Type105
Garage Spaces4

Land Information

APN2215-0000-0590-10
Lot Number59,61
SubdivisionBrierwood Bay (1264)
Land UseResidential
Legal DescriptionLTS 59-61 AB 1 J M ACOSTA SUR, BRIERWOOD BAY SUBD, LTS 59-61
Census Tract951403
Assessed Land Value$387,450
Assessed Improvement Value$367,915
Assessment Year2025

About this property

Panoramic Lake Palestine views greet you from nearly every window in this beautifully renovated waterfront retreat. Offering approximately 250 feet of shoreline across three lots on deep water, tucked away on a quiet cul-de-sac and peninsula for ultimate privacy and presence. With additional lease-back area, the total footprint may span approximately 0.80 acres. Located in a neighborhood that allows short-term rentals, this home presents exceptional flexibility whether as a full-time residence, weekend escape, or income-producing investment. The main level offers an inviting living space with custom built-ins and a fireplace, flowing seamlessly into a spacious dining area, and kitchen with granite countertops, stainless steel appliances, with reverse osmosis and room for a deep freezer. Down the hall you'll find a full bathroom with a large walk-in shower and two spacious bedrooms with lake views. Downstairs, the lower level is ideal for multi-generational living or rental flexibility. A private primary suite captures stunning lake views and includes an en suite full bathroom. An additional living area with a cozy wood-burning stove, and lake views as well, with a generous sized fourth flex bedroom with a walk-in closet. Plus a spacious utility room or a future 2nd kitchen could immediately turn this home into a multifamily unit or investment opportunity. Outdoor living is just as impressive, with updated wraparound decks on both levels, all positioned to maximize sunset views and lakeside entertaining with privacy. The boathouse features two slips with motorized lifts, making lake days seamless and year-round enjoyment effortless. The versatile layout and generous parking and multiple entrances on both levels make hosting effortless and stairs not necessary for access. Move-in ready with extensive improvements including a brand-new roof, gutters, fresh interior and exterior paint, newer windows, flooring and numerous additional upgrades throughout.

Investor Tools

Property Icon
$649,000
Estimated Property Value
$0Estimated Mortgage Balance
$649,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,899 /month
Positive
Cash Flow Estimate:
$1,300 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$333/month
$120/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$750
$328,666
2025
$387,450
$367,915
$755,365
No

Tax History

Year
Tax Paid
Assessed Value
2024
$750
$328,666

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$649,000
100%
0%
$0/mo

City: Frankston

7270 Panorama Dr E | Property Details | No Agent List