5494 An County Road 309, Frankston, TX 75763

• 3 beds |
• 2 baths |
• 1,878 sqft

Property Description

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.

Listing Status:

Active

Date Added:

March 19, 2026

Data Last Updated:

April 5, 2026 at 4:43AM

Listing Office:

Berkshire Hathaway HomeServices Premier Properties : 903-596-6229

Listing Agent:

Cherie Davidson : 903-571-2510

MLS ID:

26003861

Interior

• General: Ceiling FanWasher HookupElectric Dryer Hookup
• Dining: Kitchen/Eating Combo
• Flooring: Decorative ConcreteVinyl
• A/C: Central ElectricZoned-2
• Heating: Central/ElectricZoned
• Fireplace: None

Exterior

• General: Patio CoveredSprinkler System
• Style: Log
• Other Structures: Work Shop
• Pool: None

Construction

• Roofing: Composition
• General: LogConcrete Based Siding1 StorySlab

Location

• County: Anderson

Lot

• Zoning: John Ferguson SurveyA-22 Anderson County
• Fencing: Wood FenceChain Link Fence

Utilities

• Water: Cooperative
• Sewer: Aerobic Septic Sys