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    Frankston, TX
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    Frankston, TX Waterfront Land for Sale

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    27 properties
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    Hunting Land with Creek
    Updated: Jun 12
    Hunting Land with Creek

    County Road 305, Frankston, TX 75763

    $722,750
    59.10 AC lot
    59.1 acres with a cleared pad site ready for development
    47 acres of mixed pine and hardwood forest plus 12 acres of open pasture
    Spring‑fed lake and creek frontage for fishing and watering livestock
    Fenced property with public water available
    Frontage/access on County Road 305, about 1 mile from HWY 175
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    Waterfront Wooded Land with Creek
    Updated: Jun 5
    Waterfront Wooded Land with Creek

    FM 3506, Frankston, TX 75763

    $995,000
    22.38 AC lot
    22.38 private, wooded acres on Caney Bay at Lake Palestine with lake frontage (Lake Front/Waterfront).
    Mature pines and hardwoods with a spring‑fed creek on the property.
    Elevated home site overlooking the water.
    Wildlife includes deer, fox, and waterfowl; a wildlife program is currently in place.
    Property supports timber management.
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    Waterfront Lot with Bulk-Headed Shoreline
    Waterfront Lot with Bulk-Headed Shoreline

    22451 Cherry Lane, Frankston, TX 75763

    $349,000
    0.24 AC lot

    Build on a slightly sloping lakefront parcel with newly bulk-headed shoreline and access to a private boat ramp.

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    Waterfront Residential Land Lot
    Waterfront Residential Land Lot

    22221 Brierwood Drive, Frankston, TX 75763

    $114,900
    0.29 AC lot

    Waterfront lot in Brierwood Bay on Lake Palestine with water and electric available and mobile homes allowed.

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    Waterfront Recreational Land Acreage
    Waterfront Recreational Land Acreage

    FM-3506, Frankston, TX 75763

    $2,000,000
    42.53 AC lot

    Wooded lakeside acreage with mature timber, a spring-fed creek, and private, elevated home sites near town.

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    Waterfront Lake Lot
    Waterfront Lake Lot

    22451 Cherry, Frankston, TX 75763

    $349,000
    0.24 AC lot

    Build-ready Lake Palestine lot with bulk-headed shoreline and utilities available at the road.

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    Waterfront Land with Open-Water Views
    Waterfront Land with Open-Water Views

    7830 FM 3506, Frankston, TX 75763

    $399,000
    2.37 AC lot

    Waterfront acreage with a gentle entry to the water and unobstructed open-water views across the lake.

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    Waterfront Lot with Boathouse
    Waterfront Lot with Boathouse

    11524 Drakes Landing, Frankston, TX 75763

    $299,000
    81,021 sqft 1.86 AC lot

    Waterfront lot on Lake Palestine featuring a recently built boathouse with air-conditioned room and one slip electric lift.

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    Recreation Land with Spring-Fed Lake
    Recreation Land with Spring-Fed Lake

    An County Road 314, Frankston, TX 75763

    $1,545,500
    141.71 AC lot

    Wooded acreage with a spring-fed lake, hilltop sites, and direct access for fishing, hunting, and outdoor recreation.

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    Three Adjacent Lakefront Lots
    Three Adjacent Lakefront Lots

    Bayside Dr, Frankston, TX 75763

    $105,000
    0.47 AC lot

    Three adjoining lakefront lots with direct lake access and water views, offering room to plan a custom build.

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    Lakefront Development Land Lot
    Lakefront Development Land Lot

    Lot 26 Oak St, Frankston, TX 75763

    $319,900

    Lake view lot with completed bulkhead and new boathouse, plus a private northern point lakefront allocation.

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    Waterfront Aviation Runway Lot
    Waterfront Aviation Runway Lot

    Loop Dr, Frankston, TX 75763

    $135,000
    0.50 AC lot

    Half-acre aviation lot with access to a shared grass runway and lakefront amenities including docks and a beach.

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    Waterfront Land Lot
    Waterfront Land Lot

    STEVENSON RD lot: Tr 5B, Frankston, TX 75763

    $400,000
    1.09 AC lot

    Waterfront land lot near Lake Palestine in Frankston, Texas, offering a lakeside setting for future development.

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    Waterfront Land Lots Available
    Waterfront Land Lots Available

    Lot 72A Oak St, Frankston, TX 75763

    $119,900

    Multiple lots available in new waterfront development.

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    Wooded Waterfront Lot on Private Lake
    Wooded Waterfront Lot on Private Lake

    AN COUNTY ROAD 319, Frankston, TX 75763

    $49,999
    4.28 AC lot

    Corner lot on a private, no-wake 80-acre lake within a community with pavilion, picnic, and lake docks.

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    Waterfront Residential Lot with Utilities
    Waterfront Residential Lot with Utilities

    22221 Brierwood Dr, Frankston, TX 75763

    $99,900
    0.29 AC lot

    Waterfront lot on Lake Palestine with water and electric available, in Brierwood Bay subdivision, Brownsboro ISD.

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    Deep-Water Waterfront Cove Lot
    Deep-Water Waterfront Cove Lot

    Lot 43 Oak St, Frankston, TX 75763

    $289,900

    Deep-water cove lot in Lake Palestine’s newest development with gated access and community water amenities.

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    Waterfront Lot with Boathouse
    Waterfront Lot with Boathouse

    11524 Drakes Landing, Frankston, TX 75763

    $275,000
    1.86 AC lot

    Cobb's Inlet waterfront property with extensive shoreline, a new boathouse, and utilities in place for lake living.

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    Waterfront Land Parcel
    Waterfront Land Parcel

    7830 Fm 3506, Frankston, TX 75763

    $399,000

    Over two acres of gentle waterfront land with open-water views and lake access near FM 3506.

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    Wooded Waterfront Land Parcel
    Wooded Waterfront Land Parcel

    ST HWY 155, Frankston, TX 75763

    $426,400
    11,608 sqft 26.65 AC lot

    Wooded land with slight elevation changes, featuring HWY 155 frontage and access from CR 4104.

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    Waterfront Boat House Lot
    Waterfront Boat House Lot

    Lot 68 Oak St, Frankston, TX 75763

    $79,900

    Lakefront lot offering deep-water waterfront with private boat ramp and lakefront trail amenities.

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    Waterfront-Access Land Opportunity
    Waterfront-Access Land Opportunity

    Forest Hill Drive, Frankston, TX 75763

    Contact for pricing
    0.17 AC lot

    Wooded lots near Lake Palestine offer flexible options for building a retreat or primary residence.

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    Waterfront Land with Boathouse
    Waterfront Land with Boathouse

    21431 Stevenson Rd, Frankston, TX 75763

    $389,000

    Unbuilt waterfront lot on Lake Palestine with a custom boathouse already in place for immediate lake enjoyment.

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    Lakefront Community Homesite with Waterfront
    Lakefront Community Homesite with Waterfront

    Boat H Lot 26 Oak River lot: 21A &, Frankston, TX 75763

    $235,000
    1.54 AC lot

    Homesite in a gated lake community, including a separate waterfront parcel for private boathouse use.

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    Frankston, TX Waterfront Land Market Trends and Statistics

    Explore 27 waterfront land for sale in Frankston, TX, showcased through 27 active listings on our real estate platform. These investment opportunities span a total of 13,674,050 square feet of properties for sale, with an estimated market value of $10,423,048.

    Sale prices for water rights properties in Frankston, TX start at $49,999, averaging $416,921, and reaching up to $2,000,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Agricultural land / Farmland 40
    Residential land & home lots 38
    Waterfront Land 28
    Recreation land 12
    Commercial land 7

    Demographics Overview

    Population 6,319
    Population Growth (5Y) -2.2%
    Median Household Income $62,522
    College Educated 30.1%

    High-Yield Neighborhoods for Investment

    Identify Frankston submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    75763 $470.4K

    Taxes & Financing

    Tax Rate (average for all types) 1.74%
    Property Tax per SF $26.53 per SF
    Tax Rate vs County Average 0.15 pp below county avg
    Average Loan-to-Value 65.0%

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