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Pending
  • $275,000

    11524 Drakes Lndg, Frankston, TX 75763

    --beds
    --baths
    1.86Acres
    : 
    $2,252/mo
    Get pre-qualified
    Improved Land
    Built in ----
    1.86 Acres Lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    This 1.86 acre waterfront lot in a small, quiet neighborhood just outside Frankston on Lake Palestine is exactly what you’ve hoped to find! Here on Cobb's Inlet you would own all the way to the water---unusual for Lake Palestine! With a cul de sac location, towering established trees and a recently built boathouse and bulkhead, this is not your typical lake lot with 324' of shoreline! The boathouse provides an air-conditioned room to escape from the heat of the day with a sink, refrigerator and microwave for ease of entertaining. You could spend the occasional night here as well with a portable bathroom on site with air conditioning, that holds its own enclosed septic tank. Bonus storage room is perfect for lake toys and has a shower to rinse off in. The boathouse also has a one slip electric lift, a fish cleaning station, covered area for protection from the sun and rain and the perfect spot to fish right from the dock with wide stairs leading down to the water. The view is fantastic with a pine forest across the water. All this with water and electric provided--- all you need to bring would be your new house plans and prepare for life on the lake!
    524 days
    |
    50
    |
    3
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Mimi Burch 0620107 903-876-1051,

    Staples Sotheby's Internationa 903-630-4321

    Source: NTREIS,MLS#: 20861082

      Facts & features

      Interior

      Video & virtual tour

      Property

      Features
      • Exterior features: Boat Slip, Other
      • Fencing: Partial
      • On waterfront: Yes
      • Waterfront features: Boat Dock/Slip, Lake Front, Waterfront
      Lot
      • Size: 1.86 Acres
      • Features: Other, Many Trees, Subdivision, Waterfront, Retaining Wall, Sloped
      • Topography: Sloping
      Details
      • Additional structures: Boat House, See Remarks
      • Parcel number: 32910001001087
      • Zoning description: Residential

      Utilities & green energy

      • Utilities for property: Electricity Connected, See Remarks

      Community & HOA

      Community
      • Subdivision: Lakeside Estate
      HOA
      • Has HOA: No
      Location
      • Region: Frankston

      Financial & listing details

      • Tax assessed value: $28,420
      • Annual tax amount: $831
      • Date on market: 3/4/2025
      • Cumulative days on market: 524 days
      • Listing terms: Cash,Conventional
      • Exclusions: See Associated Documents
      • Road surface type: Asphalt

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $2,003/mo

        Price history

        DateEventPrice
        7/15/2026Pending sale$275,000
        Source: NTREIS #20861082 Report a problem
        3/18/2026Price change$275,000-8%
        Source: NTREIS #20861082 Report a problem
        10/20/2025Price change$299,000-9.1%
        Source: NTREIS #20861082 Report a problem
        8/26/2025Price change$329,000-2.9%
        Source: NTREIS #20861082 Report a problem
        8/4/2025Price change$339,000-2.9%
        Source: NTREIS #20861082 Report a problem
        6/9/2025Price change$349,000-2.8%
        Source: NTREIS #20861082 Report a problem
        5/2/2025Price change$359,000-2.7%
        Source: NTREIS #20861082 Report a problem
        3/4/2025Listed for sale$369,000
        Source: NTREIS #20861082 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$388 -0.4%$28,420
        2024$390 -2.4%$28,420
        2023$399 -15.8%$28,420
        2022$474 -14.1%$28,420
        2021$552 +201.4%--
        2020$183 -9.9%--
        2019$203 -1.4%$9,430
        2018$206 +0%$9,430
        2017$206 +0.1%$9,430
        2016$206 +3.4%$9,430
        2015$199 $9,430
        2014$199 $9,430
        2013-- $9,430 -73%
        2012-- $34,920
        2011-- $34,920
        2010-- $34,920 -57%
        2009-- $81,200
        2008-- $81,200 +576.7%
        2007-- $12,000
        2006-- $12,000
        2005-- $12,000
        2004-- $12,000 -40%
        2003-- $20,000 +66.7%
        2002-- $12,000
        2001-- $12,000
        2000-- --
        1999-- --
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 75763

        Getting around

        0 / 100
        Car-Dependent
        25 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Frankston
        • Middle: Frankston
        • High: Frankston
        • District: Frankston ISD

        Source: NTREIS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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