new - 6 days on rocket

11524 Drakes Lndg, Frankston, TX, 75763

$385,000

1.86 Acres
Land

Location

Image provided by Mapbox

Property Highlights

Home TypeOther
MLS #23015763
Lot Size1.86 Acres
StatusActive

About 11524 Drakes Lndg

This 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 1.86 acres 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!

Property Details

Property Features

Listing Office:

  • Office Name: Staples Sothebys International Realty
  • Office Phone: (903) 630-4321
  • Listing Agent: Mimi Burch

Lot Features

Lot Information:

  • Lot: Cul-De-Sac, Sloped, Wooded, Waterfront
  • Lot Size: 1.86 Acres

Other

Directions Information:

  • 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. First sign is on lot designated for septic. Turn right onto Drakes Landing (through stone entrance) Second sign on waterfront lots.

Price Information

Listing Price Info

Price Summary:

  • List Price: $385,000

Tax Information:

  • Annual Amount: $552
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Frankston, TX.

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Frankston, TX

City

Med. List Price

$399K

Med. Price/SqFt

$210

Avg. Days On Market

98

11524 Drakes Lndg vs Frankston

6 DAYS ON ROCKET

-92 Days

$385,000

-$14K Less

KEY TAKEAWAY

This property is $14K less than the Median List Price in Frankston, TX.

Based on homes listed in the last 12 months

MLS Details

MLS Information:

  • MLS Name: TylerTX
  • MLS Number: #23015763

Listing Office:

  • Office Name: Staples Sothebys International Realty
  • Office Phone: (903) 630-4321
  • Listing Agent: Mimi Burch

IDX Disclaimer: The data relating to real estate for sale on this website comes in part from the Internet Data Exchange (IDX) of the Greater Tyler Association of REALTORS Multiple Listing Service. The IDX logo indicates listings of other real estate firms that are identified in the detailed listing information. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information is deemed reliable, but not guaranteed. Copyright © 2024 Greater Tyler Association of REALTORS® All rights reserved.

The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. Properties subject to prior sale, change, withdrawal or rental.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.


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Texas Real Estate Commission Information About Brokerage Service

Last updated on: 11/17/2024, 5:15:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$552$28,420
2020$192$9,430
2019$203$9,430
2018$203$9,430
2017$206$9,430

History based on county public records data.

Payment Calculator

$1,989

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,221

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-564077
6
/10

  • Frankston Elementary School

  • 100 W Perry St

  • 2.45 miles

  • Public District Grades PK-5

school-card-donut-564078
7
/10

  • Bullard Elementary School

  • 2008 Panther Crossing

  • 9.37 miles

  • Public District Grades 3-4

school-card-donut-564079
4
/10

  • Lapoynor Elementary School

  • 13155 US Highway 175 E

  • 9.84 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $52,344. Most Frankston, TX residents have annual incomes between $35k-100k. Residents typically live in married, no kids family. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 11524 Drakes Lndg

What is the listing price of this property?

The listing price of 11524 Drakes Lndg property is $385,000.

What type of property is this?

The property 11524 Drakes Lndg is land located in Frankston, Texas, 75763.

Is this property for sale now?

Active Listing: 11524 Drakes Lndg is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $552 (source: MLS/based on county public records data).

How much acreage is this property?

The property 11524 Drakes Lndg is 1.86 acres.
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Rocket Homes›Texas›Anderson County›Frankston›75763›11524 Drakes Lndg

This home is located at 11524 Drakes Lndg in Frankston, TX and zip code 75763. This home sits on a 1.86 acre lot. It has been listed on Rocket Homes since November 11, 2024 and is currently priced at $385,000.

The inventory of homes for sale in Frankston, TX between September 2024 and October 2024 increased by 20%. In October 2024 median list price was $399,000 and the average listing age was 98 days.

From Rocket Homes Real Estate and based on county public records data.

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