# FM-3506, Frankston, TX 75763 > **TL;DR:** land, $2,000,000. > Waterfront. Est. $10,696/mo. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $2,000,000 | | Lot Size | 1,852,607 sqft (42.53 acres) | | Property Type | Land (Other) | | Status | Active | | Days on Market | 0 | ## Why This Home Stands Out - **Waterfront** - Waterfront location listed ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $10,113 | | Estimated Insurance | $583 | | **Total** | **$10,696** | ## Nearby Schools - **Elementary:** Brownsboro - **Middle:** Brownsboro - **High:** Brownsboro ## Key Amenities - Waterfront ## Property Highlights - 42.53 acre lot - Waterfront ## Description ### Agent Description 42 private, wooded acres on Caney Bay at Lake Palestine with mature pines and hardwoods plus a spring fed creek! This feels very secluded yet is minutes from town. A lakeside woodland retreat perfect for a private residence with several spectacular home sites on an elevated part of the property overlooking the water. Deer, fox, and a multitude of waterfowl share use of this property. There is a wildlife program in place currently that could be continued, along with timber management. This would also be a fabulous tract for recreational use. Opportunities to own acreage on the Lake are few and far between, call for your private showing! ## Location - **Address:** FM-3506, Frankston, TX 75763 - **County:** Henderson - **Neighborhood:** Rural - **Coordinates:** 32.16164366, -95.5127865 - **Google Maps:** https://www.google.com/maps?q=32.16164366,-95.5127865 ## Virtual Tour & Media - **Video Tour:** https://www.propertypanorama.com/instaview/ntreis/21001199 ## Listing Agent - **Name:** Mimi Burch - **Brokerage:** United Country Lake Palestine - **Broker Phone:** (903) 876-1051 - **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/Fm-3506_Frankston_TX_75763_M92771-63373?f=listhub&s=NTREIS&m=21001199&c=propsimple) ## Photos ![FM-3506 - Photo 1](http://lh.rdcpix.com/c800d9ac7786c97d167ba05912e73912l-f636284479r.jpg) ![FM-3506 - Photo 2](http://lh.rdcpix.com/c800d9ac7786c97d167ba05912e73912l-f3231833423r.jpg) ![FM-3506 - Photo 3](http://lh.rdcpix.com/c800d9ac7786c97d167ba05912e73912l-f3316522110r.jpg) ![FM-3506 - Photo 4](http://lh.rdcpix.com/c800d9ac7786c97d167ba05912e73912l-f3889491705r.jpg) ![FM-3506 - Photo 5](http://lh.rdcpix.com/c800d9ac7786c97d167ba05912e73912l-f4216112884r.jpg) ![FM-3506 - Photo 6](http://lh.rdcpix.com/c800d9ac7786c97d167ba05912e73912l-f1599890509r.jpg) ![FM-3506 - Photo 7](http://lh.rdcpix.com/c800d9ac7786c97d167ba05912e73912l-f598098376r.jpg) ![FM-3506 - Photo 8](http://lh.rdcpix.com/c800d9ac7786c97d167ba05912e73912l-f1160198791r.jpg) ![FM-3506 - Photo 9](http://lh.rdcpix.com/c800d9ac7786c97d167ba05912e73912l-f832252188r.jpg) ![FM-3506 - Photo 10](http://lh.rdcpix.com/c800d9ac7786c97d167ba05912e73912l-f99921190r.jpg) ![FM-3506 - Photo 11](http://lh.rdcpix.com/c800d9ac7786c97d167ba05912e73912l-f2841755985r.jpg) ![FM-3506 - Photo 12](http://lh.rdcpix.com/c800d9ac7786c97d167ba05912e73912l-f3666592389r.jpg) ![FM-3506 - Photo 13](http://lh.rdcpix.com/c800d9ac7786c97d167ba05912e73912l-f2987719708r.jpg) ![FM-3506 - Photo 14](http://lh.rdcpix.com/c800d9ac7786c97d167ba05912e73912l-f1989892627r.jpg) ![FM-3506 - Photo 15](http://lh.rdcpix.com/c800d9ac7786c97d167ba05912e73912l-f3282998638r.jpg) ![FM-3506 - Photo 16](http://lh.rdcpix.com/c800d9ac7786c97d167ba05912e73912l-f4268136582r.jpg) ![FM-3506 - Photo 17](http://lh.rdcpix.com/c800d9ac7786c97d167ba05912e73912l-f1647538333r.jpg) ![FM-3506 - Photo 18](http://lh.rdcpix.com/c800d9ac7786c97d167ba05912e73912l-f74021365r.jpg) ![FM-3506 - Photo 19](http://lh.rdcpix.com/c800d9ac7786c97d167ba05912e73912l-f1763087593r.jpg) --- **MLS#:** 21001199 | **Updated:** 2026-10-20 **Source:** listhub *Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.* [View on PropertySimple](https://www.propertysimple.ai/listing/fm-3506-frankston-tx-75763-216fa105387b425cb100ac0a989e53b8) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/fm-3506-frankston-tx-75763-216fa105387b425cb100ac0a989e53b8#listing", "url": "https://www.propertysimple.ai/listing/fm-3506-frankston-tx-75763-216fa105387b425cb100ac0a989e53b8", "name": "FM-3506, Frankston, TX 75763", "description": "42 private, wooded acres on Caney Bay at Lake Palestine with mature pines and hardwoods plus a spring fed creek! This feels very secluded yet is minutes from town. A lakeside woodland retreat perfect for a private residence with several spectacular home sites on an elevated part of the property overlooking the water. 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