7270 E Panorama Dr

Frankston, TX 75763

Exquisite waterfront living awaits, with panoramic views of Lake Palestine from nearly every window. Approximately 246 feet of shoreline, spanning three lake lots and nestled in a quiet peninsula on a cul-de-sac. Due to the additional lease back area, this 2694 Sqft home may sit on approx 0.80 acre, in a neighborhood that still allows short-term rentals. This could be an exceptional investment opportunity, weekender, full time residence, or all of the above. With this layout, you have options. Enjoy lake life year-round with a boathouse featuring two slips and motorized lifts. The home has been beautifully updated inside and out and includes three bedrooms, two full bathrooms, multiple living areas, and a generous flex space with a large walk in closet that could be a fourth bedroom plus a utility room. Upper main level includes a living area with custom built-ins and a fireplace and large dining area. Granite countertops, updated stainless-steel appliances, and reverse osmosis in the kitchen. Two spacious bedrooms each with lake views and a full bathroom with a large walk in shower. Multiple exterior entrances and plenty of parking on both levels allow for easy guest access, with no stairs required. The lower level offers a private primary suite with breathtaking lake views, attached full bathroom, also accessed by another living room with a cozy wood stove. A large utility room, and an oversized flex space with a large walk-in closet that could easily serve as a fourth bedroom. Outdoor living is just as impressive, featuring wraparound patios and decks facing the water on both levels, perfect for enjoying sunsets and lakeside entertaining. Recent improvements include a brand-new roof, full exterior and interior paint, newer windows throughout, and new flooring, giving the home a fresh, modern feel and more! Meticulously maintained, this property offers an unbeatable combination of luxury, recreation, and income potential, a rare find on Lake Palestine.

Listing courtesy of Jenny Lynn McCorkle of Texas Premier Realty



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Last checked - 2026-01-21 10:52 PM UTC