Frankston Homes under $500,000

Welcome to Frankston, Texas – a hidden gem nestled in the heart of East Texas! This charming small town offers a delightful blend of natural beauty, community spirit, and affordable living, making it an ideal place for families, retirees, and anyone seeking a tranquil lifestyle.

Frankston is known for its picturesque landscapes, with lush greenery and serene lakes that provide endless opportunities for outdoor recreation. Whether you enjoy fishing, hiking, or simply soaking in the beauty of nature, you’ll find plenty of activities to keep you engaged. The town’s friendly atmosphere fosters a close-knit community where neighbors become friends, and local events bring everyone together.

One of the most appealing aspects of Frankston is its real estate market, particularly for those looking for homes under $500,000. This affordability allows you to find your dream home without breaking the bank. From charming cottages to spacious family homes, Frankston offers a variety of properties that cater to different tastes and budgets. Imagine settling into a cozy residence with a large backyard, perfect for family gatherings or quiet evenings under the stars.

With its excellent schools, local parks, and a range of amenities, Frankston is not just a place to live; it’s a place to thrive. Whether you’re a first-time homebuyer or looking to invest, Frankston’s real estate opportunities are as inviting as its warm, welcoming community. Come discover the charm of Frankston – where your ideal home awaits!

Newest Frankston Homes under $500,000

$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

$459,999

3 Beds ⋅ 3 Baths ⋅ 21361697 MLS

Welcome to lakefront living in this beautifully updated 3-bedroom, 2-bath waterfront home located in a private, gated fishing community of approximately 60–65 homes. Whether you're looking for a full-time residence or the perfect weekend escape, this property offers a peaceful waterfront setting with direct lake access, a replaced boathouse and dock, and plenty of space to relax and entertain. The flexible floor plan includes a downstairs bedroom currently being used as an office and featuring a Murphy bed, making it easy to accommodate overnight guests while maintaining a dedicated workspace. Upstairs, the primary bedroom offers a special lakefront retreat with a lake-view balcony just outside the door—the perfect spot to enjoy morning coffee or unwind at the end of the day. The owners have completed extensive improvements, including replaced flooring, fresh interior paint, an added garage, replaced entry patio, painted deck, new primary bath window and an upstairs mini-split system. Additional upgrades include a new hot water heater, generator hookup, and propane servicing the gas stove and dryer. Starlink is available for reliable internet connectivity. Outside, enjoy fishing, boating and peaceful evenings under exceptionally dark skies where you can even catch views of the Milky Way. Nearby Pine Dunes Golf Course, often referred to as “Baby Augusta,” provides another great recreational option. Sellers are also happy to include the primary furnishings with a good offer, making this an excellent opportunity for buyers looking for a lake home or weekend retreat that can be enjoyed right away.

65 & 66 Private Rd, Frankston

$349,900

4 Beds ⋅ 3 Baths ⋅ 21344069 MLS

Discover peaceful country living at 1092 AN County Road 318 in Frankston. Situated on approximately 12.44 acres, this spacious 4-bedroom, 3-bath home offers approximately3,542 square feet of living space with plenty of room to make it your own. The property features mature trees, expansive outdoor areas, and a barn that provides additional space for equipment, storage, animals, or other agricultural uses. The generous floor plan offers flexibility for everyday living and entertaining. Bring your vision and personal touches to unlock the full potential of this unique East Texas property.

1092 An County Road 318, 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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