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$925,000

NAL Estimated Property Value

7433 St Hwy 155, Frankston, TX, 75763

Recently SoldInfo
10/13/26
Beds4 Beds
Baths3 Bath
Baths2,667 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$346.83 / sqft
Year BuiltBuilt in 2006

About this property

Experience beautiful, elegant, almost endless waterfront views from this exceptional 4-bedroom, 2.5-bath two story home with an additional bunkroom or sunroom. Situated on approximately 1.4 acres on a point, the property offers sweeping 180-degree views of Lake Palestine in East Texas. The open floorplan is filled with natural light, abundant windows and lake views from most rooms. The main-floor primary suite features high ceilings and a serene sitting area enveloped in sunlight. The recent improvements have completely updated the feel of this home built in 2006: fully remodeled kitchen includes updated cabinetry, granite countertops, new appliances, updated master bath, new upstairs flooring, new curtains, new lighting fixtures, updated deck, updated electrical, updated plumbing, new A/C units, new faucets/sinks, new paint, a new roof and gutters (2023), and high-quality custom touches throughout, including a handcrafted arched wooden front door, wood accents, pillars, arches, and detailed moulding. Enjoy lakeside living with a brand-new boathouse featuring two slips (one sized for a pontoon and one for a boat), an 18'×22' lounge area, a 16'×16' sun deck, and a 10'×10' storage room. A new bulkhead was installed along the entire perimeter of the waterfront and includes a concrete sidewalk. A lovely patio area was added to allow for relaxing by the water on land or at the boathouse. Plenty of outdoor areas to include a covered second floor balcony (accessible from multiple rooms on the 2nd floor) and a covered patio right off the access from the living/dining area. The huge grassed yard is ample for running around and enjoying the outdoors. This property would be great for a full time home, a waterfront second home or as a short term rental! No HOA! A rare opportunity to own a beautifully updated waterfront home with unmatched views and exceptional outdoor amenities. Convenient location close to Tyler!

Investor Tools

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$925,000
Estimated Property Value
$0Estimated Mortgage Balance
$925,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
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Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,550 /month
Positive
Cash Flow Estimate:
$1,850 /month

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Financing Details

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

City: Frankston

7433 St Hwy 155 | Property Details | No Agent List