tomo logo

$2,750,000

Beds
3
Baths
2.5
sq ft
2,272

10125 County Road 4101, Frankston, TX 75763

10125 County Road 4101

Frankston, TX 75763

  • 136 days on market
RARE LARGE WATERFRONT TRACT! Nestled within the serene beauty of East Texas, this remarkable 6.5 acre wooded waterfront tract on Lake Palestine presents an idyllic retreat for those seeking tranquility. The owner has carefully preserved an ideal building site near the water for a large custom built home, while strategically locating and building an existing guest house for immediate use while the family home is being built. Upon arrival, a concrete entrance drive with electric/solar gate between brick columns turns into a natural road as it meanders through the towering trees toward the lake. Boasting a concrete bulkhead spanning 240' of shoreline, with a 5' concrete sidewalk cap, this property offers direct access to the water via wide curved stairs descending into the water. An inviting 2274 sq. ft., 3 bedroom, 2.5 bath guest house exudes charm & modern comfort. As you enter from the covered porch, guests are greeted by an open concept living, dining, & kitchen, complete with a stone fireplace, wood walls, & view windows. The lakeside screened porch offers an enchanting retreat catching gentle southerly breezes. The primary bedroom & ensuite bath are located on the main floor with two bedrooms & a sublime guest bath with soaking tub & shower located on the second level. The Nantucket style boathouse has boat lift plus double jet ski lift. Boathouse has air conditioned living area, complete with casement windows, wood walls & ceiling, kitchen with Kraft Maid cabinetry, granite counters, bar, stove, microwave & refrigerator. The open water views are heavenly from this location - facing east across the lake for sunrises & moon rises. Rest easy knowing your boat will still be able to be used when the lake level lowers, with 10' of water depth at full pool (345' elevation)!

Details

Property type

Single Family Residence

Est. home value

$1,282,662

Lot size

6.58 acres

Price per sq ft

$1,211

Year built

2021

Annual property taxes

$17,328.64

Price History

05/07/2024
TylerTX

TylerTX #24006247

Listed
$2,750,000
07/15/2020
Houston

Houston #47186465

Removed

Schools & Community

Elementary school: 

Frankston

Middle school: 

Frankston

High school: 

Frankston

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

East Texas National Bank

Loan start date

August 2009

Original loan amount

$256,500

Est. remaining balance

$0

Interest rate

5.2%

Loan type

Not Provided, 5 year

Seller

Cecil A Staples and Dana C Staples

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 09/19/2024 at 11:35 PM

Listing updated: 06/23/2024 at 10:14 PM

Listed by: Dana C Staples, Staples Sotheby's International Realty

MLS: TylerTX #24006247

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