5494 An County Road 309, Frankston, TX 75763 - Photo 1

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$350,000

For Sale
Active
Single Family
3 Beds
2 Full Baths
1,878 Sq. Ft.
1.14 Acres
Updated 14 minutes ago

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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.

Full Property Details

Full Property Details for 5494 An County Road 309

General

Price: $350,000
Taxes: $2,432 (2025)
Status: Active
Type: Single Family
Source: Tyler_MLS
MLS ID: 26003861
Updated: 7/13/2026
Added to Site: 116 day(s) ago

Interior

Interior Features: Master Bedroom Split, Walk-In Closet, Ceiling Fan
Fireplace: Yes
Fireplace(s): Other
Appliances: Electric Range, Dishwasher, Microwave, Refrigerator
Flooring: Decorative Concrete, Vinyl

Rooms

Bathrooms

Total Bathrooms: 2
Full Bathrooms: 2
Bathroom Features: Shower Only, Linen Closet

Bedrooms

Total Bedrooms: 3

Exterior

Exterior Features: Irrigation System
Porch/Patio/Deck: Covered

Parking

Parking Features: Garage, Workshop in Garage, See Remarks

Location

County: Anderson
Subdivision: Rural
Driving Directions: From Hwy 155, turn on FM 2215 next to Midway Package and Feed. Go all the way till it comes to stop sign, turn right onto CR 4117 Go one mile then turn right onto CR 309 Home will be down on left No sign

School Information

Elementary School: Frankston
Middle School: Frankston
High School: Frankston

Heating & Cooling

Cooling Type: Central Electric, Zoned-2
Heating Type: Central/Electric, Zoned

Utilities

Sewer: Aerobic Septic
Water: Cooperative

Structural Information

Architectural Style: Log
Construction: Log, Cement Siding
Foundation: Slab
Roof: Composition
Square Feet: 1,878
Sq. Ft. Source: ACAD
Year Built: 2020
Year Built Source: ACAD
Property Condition: Pre-owned

Additional Structures

Other Structures: Workshop

Lot Features

Lot Size (Acres): 1.14
Lot Features: Rectangular Lot
Lot Description: 1 to 3 Acres
Fencing (Description): Wood, Chain Link

Financial Considerations

For Sale: Yes
Price Per Sq. Ft.: $186.37
For Sale/Rent/Lease: For Sale
Tax Amount: $2,432.69
Tax Year: 2025
Terms: Conventional, FHA, VA Loan, Cash, USDA Loan
Warranty: As-Is Condition @ Closing, 1 Year Warranty Available

Disclosures and Reports

Documents Avail.: Survey Plat
Legal Description: John Ferguson Survey, A-22 Anderson County

Listed by Berkshire Hathaway HomeServices Premier Properties, Cherie Davidson

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Listing agent

— 5494 An County Road 309 —

Cherie Davidson

Berkshire Hathaway HomeServices Premier Properties

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Price & Sales History for 5494 An County Road 309 Get Price Alerts and Save Property

Date

Details

Price

Change

Source

4/07/2026

Price Reduced

$350,000

-9.09%

MLS

3/19/2026

Listed

$385,000

—

MLS

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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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5494 An County Road 309, Frankston, TX 75763 (MLS# 26003861) is a Single Family property with 3 bedrooms and 2 full bathrooms. 5494 An County Road 309 is currently listed for $350,000 and was received on March 19, 2026. Want to learn more about 5494 An County Road 309? Do you have questions about finding other Single Family real estate for sale in Frankston? You can browse all Frankston real estate or contact a Coldwell Banker agent to request more information.

5494 An County Road 309 Frankston, TX 75763