7344 Panorama Dr E, Frankston, TX, 75763
About This Home
Lake Palestine Waterfront Retreat! Escape to the lake and enjoy the best of waterfront living in this adorable 2-bedroom, 2-bath home situate on three lots. Offering 1,120 square feet of comfortable living space, this home features a newly updated kitchen with huge island for entertaining, a cozy wood-burning fireplace, and a new roof installed in 2021. Step outside to soak in the beautiful yard and lake views. Enjoy your private boathouse with two boat lifts, making it easy to spend your days fishing, boating, skiing, or cruising beautiful Lake Palestine. With pleanty of outdoor space for entertaining, relaxing, or future possibilities, this property is perfet as a full-time residence, weekend getaway, or investment opportunity. Don't miss your chance to own your own slice of paradise on Lake Palestine!
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1981
Materials
- Foundation: Pillar/Post/Pier
- Roof: Composition
- Construction materials: Brick Veneer
Type & Style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Electric Cooktop
Bathroom
- Features: Shower/Tub
Bedroom
- Level: Main
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Features
- Paneling,Ceiling Fan(s)
- Number of fireplaces: 1
- Fireplace features: One Wood Burning
- Fireplace: Yes
Heating & Cooling
- Heating features: Central/Gas
- Cooling features: Central Electric
Interior Area
- Total structure area: 1,120
- Total interior livable area: 1,120 sqft
Kitchen
- Features: Kitchen/Eating Combo
Property
Details
- Special condition: Homeowner's Assn Dues
- Other equipment: TV Antenna
Features
- Levels: One
- Stories: 1
- Pool features: None
- Patio & porch: Patio Open,Patio Covered,Porch
- Exterior features: Sprinkler System
- Fencing: None
- On waterfront: Yes
- Waterfront features: Waterfront,Water/Lakefront
- Waterbody name: Lake Palestine
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Cold Wave
- Tornado
- Heat Wave
- Ice Storm
- Lightning
- Strong Wind
How This Home’s Risks Compare
FEMA Declared Disasters Across Texas Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $2,907 | $34,884 |
| Home Insurance * | $422 | $5,064 |
| Property Taxes | $469 | $5,628 |
| Electricity | $238 | $2,859 |
| Total | $4,036 | $48,432 |
Income You'd Need if You Spent...
Texas FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-08-16 | Pending sale | $575,000 |
| 2026-07-01 | Listed for sale | $575,000 |
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