Lakefront Wooded
For Sale
$2,000,000
FM-3506, Frankston, TX 75763
LAND - Frankston, TX
Property SizeContact for details
Lot Size42.53 Acres
Days on Market121
Property Features for FM-3506
General Information
Property type
Land
Property subtype
Other
Zoning description
Mixed
Subdivision
Rural
Lot features
Acreage, Rolling Slope, Many Trees, Waterfront
Elementary 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 @ 2.9 miles on the Right. SIY
Standard status
Active
APN
312623
Lot size
42.53 Acres
Taxes and HOA fees
Tax Description
TR 19B 1,3,4 & 5 AB 5 M CortinasSUR
Tax Annual Amount
205
Legal Description
TR 19B 1,3,4 & 5 AB 5 M CortinasSUR
Utilities
Water front features
Lake Front, Waterfront
Water front
1
Listing Agency:
Staples Sotheby's International Realty LLC
(903) 630-4321
Listed By:
Mimi Burch · License #0620107
(903) 876-1051
Added: Apr 6
Changed: Aug 2
Last Checked: Aug 4 at 7:06PM
MLS# 21001199
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.
Waterfront wooded land totaling 42.53 acres on Caney Bay at Lake Palestine, featuring mature pines and hardwoods plus a spring-fed creek. The property includes an elevated portion that offers multiple home sites with water views, and it’s described as feeling very secluded while still being minutes from town.
Wildlife is noted on-site, including deer, fox, and a multitude of waterfowl. A wildlife program is in place currently and could be continued, along with timber management. The tract is also positioned for recreational use, in addition to private residential development.
Wildlife is noted on-site, including deer, fox, and a multitude of waterfowl. A wildlife program is in place currently and could be continued, along with timber management. The tract is also positioned for recreational use, in addition to private residential development.
Key Highlights
- 42.53 acres on Caney Bay at Lake Palestine
- Lakefront waterfront positioning
- Mature pines and hardwoods
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Waterfront Land - Wooded waterfront acreage on Lake Palestine with a spring-fed creek and potential for multiple elevated home sites.
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 $2,000,000.
What are key features of this property?
This property features: 42.53 acres on Caney Bay at Lake Palestine; Lakefront waterfront positioning; Mature pines and hardwoods
