Frankston Homes under $350,000

Welcome to Frankston, Texas – a hidden gem nestled in the heart of East Texas! This charming small town, known for its friendly atmosphere and tight-knit community, offers a unique blend of tranquility and convenience. With its picturesque landscapes, Frankston is surrounded by lush pine forests and sparkling lakes, making it an ideal spot for outdoor enthusiasts and those seeking a peaceful lifestyle.

One of the most appealing aspects of Frankston is its affordability. Here, you can find a variety of beautiful homes priced under $350,000, making it an excellent choice for first-time homebuyers, families, and retirees alike. Whether you’re looking for a cozy cottage or a spacious family home, Frankston’s real estate market has something for everyone. Many of these homes feature charming architectural details, modern amenities, and spacious yards – perfect for enjoying the Texas sunshine.

Frankston is not just about its homes; it’s also about the lifestyle. The town boasts a warm community spirit, with local events and festivals that bring residents together. Enjoy fishing or boating at nearby Lake Palestine, or take a leisurely stroll through the scenic parks that dot the area. With its low cost of living, excellent schools, and friendly neighbors, Frankston truly embodies the essence of small-town living.

If you’re ready to make a move, Frankston, Texas, is waiting for you with open arms and affordable homes that fit your budget. Discover the charm of this delightful town and find your dream home today!

Newest Frankston Homes under $350,000

$314,000

2 Beds ⋅ 1 Baths ⋅ 26013520 MLS

USDA Eligible are! Potential of 100% financed! Welcome to country living at its finest! This 2022 Custom Built Barndominium offers 1,600 sqft of modern living space perfectly situated on 5 acres, giving you the freedom to create the lifestyle you have always dreamed of with Architectural Plans for Expansion! Step inside to the perfectly designed kitchen with granite countertops and stained concrete floors. Stainless steel appliances, custom fold-out table, and beautiful backsplash. The seamless flow between the kitchen and living room is perfect for family gatherings. The modern finishes blend rustic charm with contemporary style- perfect for both cozy evenings at home and entertaining guests. The split master bedroom comes directly off the kitchen, making those late-night snacks even easier! The oversized bathroom features a large steam shower, granite counter-top with tons of counter space, and plenty of space to move about freely. The guest bedroom is oversized with a custom built-in closet system that could easily be enclosed or changed to your exact needs. The 640-spray foamed area of the main living could be everything your dream desired. Laundry room to one side/ workshop/ gym/ man cave/ media room; the possibilities are endless! The 288-attic space could also be converted into additional living space adding more feasibility to your exact needs! The unrestricted acreage brings so much to your exact lifestyle- bring your animals, build a shop, add a pool, garden, or simply enjoy the peace and quiet of Texas land. All this could be yours, WELCOME HOME! Architectural plans in hand to expand this barndo to a 4/3 design or 3/2 with ease!

5150 County Road 309, Frankston

Listing Courtesy of: with Platinum Realty Group Tyler LLC. lacyjaneturnerrealtor@gmail.com

$149,900

3 Beds ⋅ 2 Baths ⋅ 26013159 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

Listing Courtesy of: with Keller Williams Realty-Tyler. annel@kw.com

$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

Listing Courtesy of: with eXp Realty LLC. txmls@exprealty.net

$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

Listing Courtesy of: with Wright-Way. receptionist@wright-way.com

$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

Listing Courtesy of: with RE/MAX Alight. hello@deemartinrealtygroup.com

$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

Listing Courtesy of: with Berkshire Hathaway HomeService. stacy@stacymathews.com

$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

Listing Courtesy of: with Keller Williams Realty-Tyler. annel@kw.com

$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

Listing Courtesy of: with Newberry Real Estate. bradnewberry96@gmail.com

$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

Listing Courtesy of: with Century 21 First Group - Lindale. century21firstgroup@gmail.com

$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

Listing Courtesy of: with Coldwell Banker Apex, REALTORS. lori@cbapex.com

$245,000

3 Beds ⋅ 2 Baths ⋅ 26006068 MLS

Great home or investment opportunity in the heart of Frankston, conveniently located on a large corner lot with fenced yard close to schools, grocery stores, and local amenities. The home offers room for the family, with a spacious 3 bedroom, 2 full bath layout with a large bonus living room in addition to an open concept living dining space. Home features several major improvements including an updated HVAC, and kitchen with granite countertops, custom wood cabinetry, and appliances, a new roof in 2023, and recently leveled in 2025. If you're looking for your next investment property, or the perfect starter home to make your own the potential is here. Seller financing available.

559 Elm St, Frankston

Listing Courtesy of: with Fathom Realty, LLC. brokertexas@fathomrealty.com

Start Your Search

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.