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$45,900

NAL Estimated Property Value

Lot 19 Diamond Bay Dr., Frankston, TX, 75763

Recently SoldInfo
7/22/26

About this property

PRICE IMPROVEMENT WITH LAKE VIEW LOT ON LAKE PALESTINE. Here is your chance to build your dream home in a gated community neighborhood that provides peaceful living. This lot offers a serene LAKE view lot, with approximately 80 feet of road frontage providing enough space for at least a 2000 sq foot home. Diamond Head Bay neighborhood amenities include a private boat launch, fishing pier and security gate, all for a reasonable HOA fee of $245/yr. As you travel into the neighborhood there are only 3 lovely homes and a massive pecan tree farm which is very pleasing to the eye. Buyer to verify all utilities, school district, boundary lines and building restrictions.

Investor Tools

Property Icon
$45,900
Estimated Property Value
$0Estimated Mortgage Balance
$45,900Estimated 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
$300 /month
Positive
Cash Flow Estimate:
$100 /month

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Financing Details

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

City: Frankston

Lot 19 Diamond Bay Dr. | Property Details | No Agent List