Frankston Homes under $400,000

Welcome to Frankston, Texas—a hidden gem nestled in the heart of East Texas! Known for its small-town charm and friendly community, Frankston offers a peaceful lifestyle surrounded by stunning natural beauty. With its picturesque landscapes, friendly neighbors, and a strong sense of community, Frankston is the perfect place to call home.

One of the most appealing aspects of Frankston is its affordability. If you’re looking for a home under $400,000, you’re in luck! The real estate market here is filled with options that cater to a variety of tastes and budgets. From cozy cottages to spacious family homes, there’s something for everyone. Many of these homes boast large yards, perfect for outdoor gatherings or simply enjoying the serene Texas sunsets.

Frankston is not just about beautiful homes; it’s also about a lifestyle. The town is surrounded by lush forests and tranquil lakes, making it an outdoor enthusiast's paradise. Whether you enjoy fishing, hiking, or simply taking leisurely walks, you’ll find plenty of opportunities to connect with nature. The community hosts various events throughout the year, fostering a strong sense of belonging among residents.

With excellent schools, local shops, and a welcoming atmosphere, Frankston is an ideal location for families, retirees, and everyone in between. If you’re ready to find your dream home in a town that feels like a close-knit community, explore the wonderful homes available in Frankston—where your new chapter awaits!

Newest Frankston Homes under $400,000

$394,500

2 Beds ⋅ 1 Baths ⋅ 26013195 MLS

Welcome to your own slice of East Texas paradise on beautiful Lake Palestine! This newly updated waterfront home offers the perfect blend of comfort, charm, and income-producing potential. Nestled on two lots, this inviting property features 2 bedrooms and 1 full bath, making it an ideal weekend retreat, vacation rental, or full-time lakeside residence.Inside, you'll find stylish updates throughout, including shiplap accent walls in the main living areas that add warmth and character. Expansive windows across the back of the home showcase breathtaking water views and fill the space with natural light, creating the perfect setting to enjoy stunning sunrise views over the lake each morning.Step outside and embrace the waterfront lifestyle. A newly redone pier with an open deck provides the perfect spot for fishing, relaxing, or soaking in the scenery. Between the home and the water, a concrete platform is already in place and perfectly suited for a future fire pit area where family and friends can gather under the stars. Currently operating as a short-term rental, this property offers proven income potential for investors while also serving as an incredible personal getaway.

7359 E Panorama Dr, Frankston

$149,900

3 Beds ⋅ 2 Baths ⋅ 21390479 MLS

Enjoy easy lake-area living in this well-maintained 3-bedroom, 2-bath home just minutes from Lake Palestine and only a quick 20 minute drive to Tyler. With approximately 1,064 square feet, the home offers a comfortable, move-in-ready layout with warm tones and inviting finishes throughout. The open-concept living area creates an easy flow between the living, dining, and kitchen spaces, while the split-bedroom floor plan gives the primary suite added privacy from the additional bedrooms. A carport provides convenient covered parking, and the quiet corner lot adds to the home's peaceful setting. Outside, you'll find two storage sheds and a lean-to, providing plenty of space for storage, tools, lake gear, or outdoor equipment. Whether you're looking for a full-time home, a weekend getaway, or an investment property with rental potential, this home puts you close to one of East Texas's favorite lakes while keeping Tyler's everyday conveniences within easy reach. Come see this comfortable lake-area home and make it yours! Schedule your showing today.

22107 Lakewood Dr, Frankston

$149,900

3 Beds ⋅ 2 Baths ⋅ 26013159 MLS

22107 Lakewood Dr, Frankston

$66,000

2 Beds ⋅ 1 Baths ⋅ 26013083 MLS

Charming and affordable 2-bedroom, 1-bath 1996 Fleetwood Festival Limited manufacture home offering 644 square feet of comfortable living space. This 14'x46' home features a fenced yard and peaceful county setting, offering a great place to enjoy a little space and privacy. The home has been previously moved and is being sold as personal property. A wonderful opportunity for buyers looking for an affordable home in a quiet country setting! This home is fenced in, .1837 acre with small out building.

435 Acr 306, Frankston

$314,000

5 Beds ⋅ 3 Baths ⋅ 26011808 MLS

Fabulous home in the heart of Frankston, Texas. A 5 bedroom 2.5 bath home with 2700 sf, all appliances convey with property (refrigerator, washer & dryer, stand up freezer). New roof and A/C units in year 2023 and new plumbing under house.

239 W Ayers St, Frankston

$299,000

3 Beds ⋅ 2 Baths ⋅ 26010980 MLS

Escape to the peace and beauty of East Texas with this charming 3 bedroom, 2 bath home offering 1,880 square feet of comfortable living space on 5 acres just outside Frankston. If you've been searching for privacy, nature, and an unbeatable location, this property checks all the boxes. Wake up each morning to the sight of whitetail deer regularly roaming the property, creating a true backyard wildlife experience. Whether you're enjoying coffee on the porch, entertaining family and friends, or simply taking in the quiet surroundings, this property offers the perfect blend of country living and everyday comfort. Golf enthusiasts will love being just a 3-minute drive from Pine Dunes Resort & Golf Club, one of the premier public golf destinations in Texas. Pine Dunes is consistently recognized by Golf Digest as one of the best public golf courses in Texas, earning national praise for its unique Jay Morrish design and exceptional playing experience. Perfect investment opportunity. It is also featured in Golf Digest's guide to the state's top public courses. Outdoor recreation is right at your doorstep with Piney Woods Lake, providing easy access to fishing, kayaking, and peaceful waterfront sunsets. Combined with the property's convenient location between Frankston and Tyler, you'll enjoy the perfect balance of rural tranquility and nearby amenities. Whether you're looking for a full-time residence, weekend getaway, or a home base for golf and lake adventures, this East Texas retreat offers a lifestyle that's hard to match.

1640 County Road 3194, Frankston

$350,000

3 Beds ⋅ 2 Baths ⋅ 26010844 MLS

Discover a unique opportunity just minutes from Lake Palestine! Situated on just over 1 acre and only 3 minutes from a convenient boat launch, this versatile property offers incredible potential for both peaceful comfortable living and income generation. This thoughtfully designed home features, two separate living quarters, making it ideal for multi-generational living or rental opportunities. Step through the main front entrance into a spacious layout that includes a well-sized kitchen, inviting living area, laundry space, and a private master suite. Continue through a flexible room, perfect as a bedroom or office; into a second fully functional living space, complete with its own full kitchen, living area, bedroom, and private front and back entrances. Previous owners successfully utilized this space as a one-bedroom rental, creating immediate income potential. The exterior adds even more value, featuring an RV-ready hookups with electric and septic, opening the door for additional rental income or guest accommodations. In the back is a 12x12 shop, wood shop or organize your fishing gear! Another standout feature of this property is the roof runoff collection system, designed to capture and store rainwater in the underground tanks, an excellent resource for maintaining a water reserve, especially during those hot Texas summers. Located just around the corner from local bait shops and multiple boat launches, this property is perfectly positioned to attract weekend visitors and lake enthusiasts looking to enjoy everything Lake Palestine has to offer. Whether you're searching for a primary residence, investment property, or weekend retreat, this home offers endless possibilities.

5494 An County Road 309, Frankston

$399,000

3 Beds ⋅ 2 Baths ⋅ 26009524 MLS

Perched atop a scenic hill overlooking beautiful Lake Palestine, this stunning modern metal home offers breathtaking panoramic water views with both spectacular sunrises and unforgettable sunsets. Designed to embrace the natural beauty surrounding it, cooling lake breezes flow effortlessly onto the expansive wraparound porch, creating the perfect place to relax and unwind. Inside, the one-story, 3br,2 bath home blends modern design with warm natural elements, featuring sleek concrete floors, a striking slate tile electric fireplace, and an open-concept living, dining, and designer kitchen ideal for entertaining. Rich wood accents soften the contemporary style, creating a warm yet sophisticated atmosphere throughout. Large windows in most rooms capture serene lake views, bringing the outdoors in at every turn. Enjoy the luxury of lake living without the waterfront price tag. Community lake access is conveniently located at the bottom of the property through a public community park offering a boat ramp and sandy swimming beach, making it easy to enjoy boating, fishing, swimming, and all that lake life has to offer. This exceptional property combines modern elegance, incredible views, and everyday comfort into one unforgettable retreat. The bottom two lots below this house Lots #23 & 25 are available for an additional $60,000 for the two. The photo with red line shows this option of 5 lots total. The price of $399,000 includes the top 3 lots

10916 Crestview Ln, Frankston

$99,995

2 Beds ⋅ 2 Baths ⋅ 25017204 MLS

PRICED TO SALE. This charming 2-bedroom, 2-bathroom home, perfectly situated just a short walk from the water. Enjoy morning dog walks along the shoreline, afternoons spent fishing, and beautiful views that create a relaxing backdrop year-round. This inviting home offers comfortable living spaces filled with natural light, and the serene surroundings make it an ideal full-time residence, weekend retreat or short term rental. Experience quiet living with the lake at your fingertips and room to expand. This is a must-see opportunity in a truly special community. Adjacent .18 ACRE LOT AVAILABLE TO PURCHASE SEPARATELY

10881 Hillside Dr, Frankston

$54,900

2 Beds ⋅ 2 Baths ⋅ 25014901 MLS

This two-bedroom two-bath home located in Brierwood subdivision situated on Lake Palestine and is subject to amenities offered by the community.

7227 Forest Hl, Frankston

$275,000

2 Beds ⋅ 2 Baths ⋅ 26007228 MLS

Affordable waterfront living on beautiful Lake Palestine — all for $275,000! Situated on a spacious lot with a nice yard leading down to the water and private dock, this charming brick home offers an incredible opportunity to enjoy lake life at an attainable price point. Whether you’re searching for a weekend getaway, investment property, or full-time waterfront residence, 21945 Brierwood Dr in Frankston, Texas is packed with potential and ready for your personal touch. A welcoming front porch sets the tone as you step inside to an open-concept floor plan connecting the living room, dining area, and kitchen which create a comfortable space for everyday living and entertaining alike. The cozy wood-burning stove adds warmth and character, making chilly winter evenings by the fire the perfect way to unwind after a long day. Along the back of the home, the sunroom offers additional living space filled with natural light and peaceful views of the backyard and waterfront setting. The home features 2 bedrooms and 2 bathrooms with endless possibilities to update, customize, and truly make it your own. Outside, the spacious yard provides plenty of room for outdoor entertaining, relaxing under the trees, or enjoying evenings by the water. The private dock gives you direct access to everything Lake Palestine has to offer including boating, fishing, kayaking, and unforgettable sunsets. Waterfront homes at this price point are becoming harder and harder to find. Don’t miss your opportunity to own an affordable slice of East Texas lake life!

21945 Brierwood Dr, Frankston

$299,000

6 Beds ⋅ 3 Baths ⋅ 26006429 MLS

Nestled in the charming community of Frankston, Texas, this magnificent six-bedroom, three-bathroom residence offers a perfect blend of space and functionality. Spanning an impressive footprint across six generous lots, this brick home provides ample room for comfort and entertaining, making it a rare find in today’s market. Step inside to discover an updated kitchen that boasts Stainless appliances, sleek countertops, and ample cabinetry, a spacious pantry designed for cooking enthusiasts and entertainers alike. A nice-sized formal dining room is right across from the kitchen, ideal for hosting family dinners or intimate gatherings with friends. Beyond the kitchen, the home's inviting layout includes six versatile bedrooms, providing options for family, guests, or a dedicated hobby or fitness space. The primary suite is a true sanctuary, featuring an ensuite bathroom and a jacuzzi tub that promises ultimate relaxation. Bedrooms line the hallway with an additional ensuite bedroom/bathroom along with a full hallway bathroom, ensuring convenience and privacy for all occupants. For those working or studying from home, a dedicated office space ensures productivity in a quiet and comfortable environment. Meanwhile, the expansive game room promises endless enjoyment, perfect for family pool tournaments! Outside, the property's 6 lots provide limitless potential for outdoor activities, gardening, or simply enjoying the serene surroundings. The two-car garage adds practicality, offering ample storage and space for ATV's. Fit in evening fishing with community access to lake Palestine, in first phase of the subdivision, 10 minutes outside of Tyler, Great marina right down the road with amazing breakfast! Call today to schedule your showing!

22561 Brierwood Dr, Frankston

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Listings provided by North Texas Real Estate Information Systems (NTREIS). Listing data has been deemed reliable but is not guaranteed to be accurate by the MLS.

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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.