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!
| Listing Id: | 20861082 |
|---|---|
| List Price: | $275,000 |
| Property Type: | Land |
| Property Sub Type: | Improved Land |
| Status: | Closed |
| Unexempt Taxes: | $831 |
| Lot Size Square Feet: | 81,021.6000 |
| Lot Size Acres: | 1.86 |
| Waterfront?: | Yes |
| City: | Frankston |
| County Or Parish: | Henderson |
| Subdivision Name: | Lakeside Estate |
| Postal Code: | 75763 |
| AG Exemption?: | No |
| Association Type: | None |
| Basement Yn: | No |
| Buyer Financing: | Cash |
| Consent for Visitors to Record: | None |
| Current Use: | Single Family |
| Development Status: | Streets Installed, Utilities Installed |
| Directions: | From Tyler, take Hwy 155 S, to Left @ Midway Pkg Store on FM 2215 to stop sign. Turn left on 4117, to right on Jeb Circle. sign is on lot designated for septic. Turn right onto Drake's Landing (through stone entrance) Second sign on waterfront lots. |
| Dock Permitted?: | Yes |
| Easements: | Other |
| Elementary School: | Frankston |
| Elementary School Name: | Frankston |
| Exclusions: | See Associated Documents |
| Exterior Features: | Boat Slip, Other |
| Fencing: | Partial |
| High School Name: | Frankston |
| Listing Terms: | Cash, Conventional |
| Lot Features: | Many Trees, Other, Subdivision, Waterfront |
| Lot Size: | 1 to < 3 Acres |
| Lot Size Area: | 1.8600 |
| Lot Size Units: | Acres |
| Middle School Name: | Frankston |
| Multi Parcel ID: | No |
| Municipal Utility District?: | No |
| Notice Surveillance Devices Pres: | None |
| Other Structures: | Boat House, See Remarks |
| Platted Waterfront Boundary: | 324 |
| Possession: | Closing/Funding |
| Possible Use: | Residential, Single Family, See Remarks |
| Postal Code Plus 4: | 5181 |
| Restrictions: | Deed |
| Road Frontage Type: | County Road |
| Road Surface Type: | Asphalt |
| School District: | Frankston ISD |
| Special Taxing Entities: | 0 |
| Topography: | Sloped |
| Utilities: | Asphalt, Electricity Connected, See Remarks |
| Waterfront Features: | Dock Enclosed, Lake Front, Retaining Wall Other |
| Will Subdivide: | Subdivided |
| Zoning Description: | Residential |
Listing Courtesy of: Staples Sotheby's Internationa
Listing Agent: Mimi Burch
903-876-1051
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North Texas Real Estate Information Systems, Inc. data last updated on October 08, 2026 05:05 PM - CT
Property Last Updated: October 08, 2026 05:05 PM - CT
