Waterfront Land with Lake Front
For Sale
$995,000
FM 3506, Frankston, TX 75763
LAND - Frankston, TX
Property SizeContact for details
Lot Size22.38 Acres
Days on Market61
Property Features for FM 3506
General Information
Property type
Land
Property subtype
Other
Zoning description
Mixed, rural, waterfront, residential
Vegetation
Wooded
Subdivision
Rural
Lot features
Acreage, Rolling Slope, Many Trees, Waterfront
Elementary school
Brownsboro
Middle school
Brownsboro
High school
Brownsboro
Elementary school district
Brownsboro ISD
Middle school district
Brownsboro ISD
High school district
Brownsboro ISD
Directions
From Tyler Loop 323 take Hwy 155 south to FM 3506 in Coffee City. Turn right on 3506. Property is approximately 2.9 mileson the right. SIY
Standard status
Active
APN
312623
Lot size
22.38 Acres
Taxes and HOA fees
Tax Description
TR 19B-4 AB 5 M Cortinas SUR, part of TR19B1
Tax Annual Amount
67
Legal Description
TR 19B-4 AB 5 M Cortinas SUR, part of TR19B1
Utilities
Water front features
Waterfront, Lake Front
Water front
1
Listing Agency:
Staples Sotheby's International Realty LLC
(903) 630-4321
Listed By:
Mimi Burch · License #0620107
(903) 876-1051
Added: Jun 5
Changed: Aug 2
Last Checked: Aug 4 at 7:06PM
MLS# 20583366
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
A rare opportunity to own waterfront land with natural cover and water frontage. The property is 22.38 acres of wooded terrain featuring mature pines and hardwoods, along with a spring-fed creek. Waterfront features include lake front access on Caney Bay at Lake Palestine.
The setting is described as a secluded lakeside woodland retreat, and the land is positioned with an elevated area that would support a home setting overlooking the water. Wildlife reported on the property includes deer, fox, and waterfowl, and there is a wildlife program currently in place that could be continued. The property is located on FM 3506 in Frankston, in Henderson County, Texas, and is described as minutes from town.
The tract can be suited for a private residence and outdoor recreation, with the water and wooded setting supporting activities such as building a boathouse or a getaway cabin in the woods.
The setting is described as a secluded lakeside woodland retreat, and the land is positioned with an elevated area that would support a home setting overlooking the water. Wildlife reported on the property includes deer, fox, and waterfowl, and there is a wildlife program currently in place that could be continued. The property is located on FM 3506 in Frankston, in Henderson County, Texas, and is described as minutes from town.
The tract can be suited for a private residence and outdoor recreation, with the water and wooded setting supporting activities such as building a boathouse or a getaway cabin in the woods.
Key Highlights
- 22.38‑acre wooded tract on Caney Bay at Lake Palestine
- Lake front waterfront access
- Mature pines and hardwoods throughout
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
Explore this area
Business Placement
Demographics for 75763, TX
5,663
Population
2,958
Households
1.9
Avg Household Size
49
Median Age
22%
College-Educated
93%
High-School Grad
108.3 sq mi
ZIP Area
52
Density / Sq Mi
$62,522
Median Household Income
$39,621
Median Earnings
$1,043
Median Rent
$152,700
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Waterfront Land - 22.38 wooded acres on Caney Bay at Lake Palestine with waterfront access and a spring-fed creek.
Where is this waterfront land located?
The property is located at FM 3506 Frankston, TX.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 22.38‑acre wooded tract on Caney Bay at Lake Palestine; Lake front waterfront access; Mature pines and hardwoods throughout
