Real Estate Investment Properties for Sale in Frankston, TX

Looking for investment property in Frankston, TX with high ROI ?

Explore a variety of short-term homes & houses in Frankston, TX. Invest wisely with VRBO & Frankston, TX Airbnb properties available for purchase. Find your ideal investment property among our curated listings for a rewarding real estate venture.

Investment Property for Sale in Frankston, TX

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
22770 Diamond Bay Dr Frankston, TX ATTRACTIVE NEW PRICE for this LAKEFRONT classic on Lake Palestine. Discover your dream hom...	3 beds \| 2 baths \| 2,641 sq.ft.	$799,000	Airbnb cash on cash: 0.97% Traditional cash on cash: 1.19% Airbnb Rental Income: $3210 Traditional Rental Income: $2651 Airbnb ROI: 0.97% Traditional ROI: 1.19%
432 ACR 322 Frankston, TX Beautiful East Texas Ranchette!! Lovely place to call your forever home. 4BR 2 bath with b...	4 beds \| 3 baths \| 2,689 sq.ft.	$569,900	Airbnb cash on cash: 6.55% Traditional cash on cash: 3.28% Airbnb Rental Income: $5450 Traditional Rental Income: $2612 Airbnb ROI: 6.55% Traditional ROI: 3.28%
8149 Highsaw Trl Frankston, TX Lakeview Gem w/ Private Lake Access (Lake Palestine) on large lot. Custom kitchen w/ quart...	3 beds \| 2 baths \| 1,689 sq.ft.	$379,500	Airbnb cash on cash: 5.06% Traditional cash on cash: 3.5% Airbnb Rental Income: $3210 Traditional Rental Income: $1929 Airbnb ROI: 5.06% Traditional ROI: 3.5%
102 An County Road 3192 Frankston, TX Tucked away in the secluded and exclusive Lake Frankston/Pine Dunes area, you'll find this...	3 beds \| 2 baths \| 2,143 sq.ft.	$510,000	Airbnb cash on cash: 3% Traditional cash on cash: 2.35% Airbnb Rental Income: $3210 Traditional Rental Income: $2175 Airbnb ROI: 3% Traditional ROI: 2.35%
11867 Berrycreek Cir Frankston, TX Charming 4-Bedroom Brick Home Near Lake Palestine â Huge Backyard & Great Location! Thi...	4 beds \| 2 baths \| 2,035 sq.ft.	$410,000	Airbnb cash on cash: 9.18% Traditional cash on cash: 3.75% Airbnb Rental Income: $5450 Traditional Rental Income: $2269 Airbnb ROI: 9.18% Traditional ROI: 3.75%
20850 CR 4226 Frankston, TX Beautiful East Texas Country Living! Winding driveway through grand brick and gate entranc...	4 beds \| 3 baths \| 2,812 sq.ft.	$999,000	Airbnb cash on cash: 2.91% Traditional cash on cash: 1.21% Airbnb Rental Income: $5450 Traditional Rental Income: $2767 Airbnb ROI: 2.91% Traditional ROI: 1.21%
118 Prvt Rd 7009 Frankston, TX This exquisite 3bdrm, 3 full bth home located in the serene Lake Palestine community, offe...	3 beds \| 3 baths \| 2,542 sq.ft.	$495,500	Airbnb cash on cash: 3.9% Traditional cash on cash: 3.76% Airbnb Rental Income: $3210 Traditional Rental Income: $2420 Airbnb ROI: 3.9% Traditional ROI: 3.76%
21489 Stevenson RD Frankston, TX Imagine spending your days boating or fishing at the lake, enjoying the serene country set...	3 beds \| 3 baths \| 3,438 sq.ft.	$944,500	Airbnb cash on cash: 1.03% Traditional cash on cash: 1.22% Airbnb Rental Income: $3210 Traditional Rental Income: $2646 Airbnb ROI: 1.03% Traditional ROI: 1.22%
126 E Post Oak Frankston, TX Beautiful custom home with BRAND NEW ROOF INSTALLED THIS WEEK! Built in small, quiet commu...	3 beds \| 2 baths \| 2,262 sq.ft.	$445,000	Airbnb cash on cash: 3.16% Traditional cash on cash: 2.4% Airbnb Rental Income: $3210 Traditional Rental Income: $2170 Airbnb ROI: 3.16% Traditional ROI: 2.4%
649 ACR 3009 Frankston, TX Live your dream life on Lake Palestine with this stunning 5 bdr, 3-bath waterfront home! D...	5 beds \| 3 baths \| 2,710 sq.ft.	$899,000	Airbnb cash on cash: 4.69% Traditional cash on cash: 1.77% Airbnb Rental Income: $6259 Traditional Rental Income: $2581 Airbnb ROI: 4.69% Traditional ROI: 1.77%
24579 CR 4117 Frankston, TX This magnificent modern ranch-style home on 2.55 acres offering abundant space both indoor...	4 beds \| 3 baths \| 2,920 sq.ft.	$650,000	Airbnb cash on cash: 4.11% Traditional cash on cash: 1.33% Airbnb Rental Income: $5450 Traditional Rental Income: $2668 Airbnb ROI: 4.11% Traditional ROI: 1.33%
23077 Three Points Drive Frankston, TX Nice brick home offering 3 bedroom 2 bath and 2 car garage, bonus room was used for game r...	3 beds \| 2 baths \| 2,062 sq.ft.	$269,000	Airbnb cash on cash: 7.68% Traditional cash on cash: 6.45% Airbnb Rental Income: $3210 Traditional Rental Income: $2172 Airbnb ROI: 7.68% Traditional ROI: 6.45%
230 ACR 3191 Frankston, TX Motivated sellers! Price reduction to sell quickly, bring your clients and an offer! Your ...	4 beds \| 3 baths \| 2,386 sq.ft.	$495,000	Airbnb cash on cash: 5.69% Traditional cash on cash: 1.67% Airbnb Rental Income: $5450 Traditional Rental Income: $2493 Airbnb ROI: 5.69% Traditional ROI: 1.67%
23196 JEB Circle Frankston, TX Well loved 5-bedroom, 4-bath waterfront home nestled on a beautifully shaded half-acre lot...	5 beds \| 4 baths \| 2,582 sq.ft.	$915,000	Airbnb cash on cash: 4.05% Traditional cash on cash: 1.97% Airbnb Rental Income: $6259 Traditional Rental Income: $3258 Airbnb ROI: 4.05% Traditional ROI: 1.97%
22023 Brierwood DR Frankston, TX Here's the lake house you've been waiting for--this property may be used as a vacation ren...	2 beds \| 2 baths \| 1,504 sq.ft.	$469,000	Airbnb cash on cash: 1.42% Traditional cash on cash: 2.37% Airbnb Rental Income: $2272 Traditional Rental Income: $2123 Airbnb ROI: 1.42% Traditional ROI: 2.37%
1099 An County Road 305 Frankston, TX Donât miss your chance to call this beautiful 3-bedroom, 2-bath home on over 10 acres yo...	3 beds \| 2 baths \| 1,953 sq.ft.	$474,800	Airbnb cash on cash: 3.93% Traditional cash on cash: 2.96% Airbnb Rental Income: $3210 Traditional Rental Income: $2055 Airbnb ROI: 3.93% Traditional ROI: 2.96%
599 N Weldon Frankston, TX Welcome to your dream home in the heart of Frankston! This stunning 4-bedroom, 2.5-bath re...	4 beds \| 4 baths \| 3,162 sq.ft.	$475,000	Airbnb cash on cash: 7.83% Traditional cash on cash: 5.47% Airbnb Rental Income: $5450 Traditional Rental Income: $3303 Airbnb ROI: 7.83% Traditional ROI: 5.47%
839 An County Road 320 Frankston, TX This serene country setting with an immaculate custom home on 8.02 acres with IMPROVED PRI...	3 beds \| 2 baths \| 2,532 sq.ft.	$625,000	Airbnb cash on cash: 3% Traditional cash on cash: 2.48% Airbnb Rental Income: $3210 Traditional Rental Income: $2180 Airbnb ROI: 3% Traditional ROI: 2.48%
22551 Pine St Frankston, TX Exceptional Waterfront Retreat on Lake Palestine that includes a Ski boat & most all furni...	5 beds \| 4 baths \| 3,560 sq.ft.	$1,080,000	Airbnb cash on cash: 3.16% Traditional cash on cash: 2.89% Airbnb Rental Income: $6259 Traditional Rental Income: $4760 Airbnb ROI: 3.16% Traditional ROI: 2.89%
22453 Pine St Frankston, TX Discover easy move-in ready lakeside living on Lake Palestine! Beautifully updated and wel...	3 beds \| 3 baths \| 2,381 sq.ft.	$899,000	Airbnb cash on cash: 0.94% Traditional cash on cash: 1.18% Airbnb Rental Income: $3210 Traditional Rental Income: $2689 Airbnb ROI: 0.94% Traditional ROI: 1.18%
110 E Post Oak Frankston, TX Built in 2022, this beautiful 4-bed, 2-bath home in Frankston ISD sits on over half an acr...	4 beds \| 2 baths \| 2,145 sq.ft.	$470,000	Airbnb cash on cash: 7.43% Traditional cash on cash: 2.72% Airbnb Rental Income: $5450 Traditional Rental Income: $2281 Airbnb ROI: 7.43% Traditional ROI: 2.72%
110 E Post Oak Dr Frankston, TX Built in 2022, this beautiful 4-bed, 2-bath home in Frankston ISD sits on over half an acr...	4 beds \| 2 baths \| 2,145 sq.ft.	$470,000	Airbnb cash on cash: 7.43% Traditional cash on cash: 2.96% Airbnb Rental Income: $5450 Traditional Rental Income: $2386 Airbnb ROI: 7.43% Traditional ROI: 2.96%
23240 J E B Circle Frankston, TX Welcome to your future dream home! This cozy residence boasts over 2,000 square feet of th...	4 beds \| 2 baths \| 2,241 sq.ft.	$415,000	Airbnb cash on cash: 9.14% Traditional cash on cash: 3.71% Airbnb Rental Income: $5450 Traditional Rental Income: $2238 Airbnb ROI: 9.14% Traditional ROI: 3.71%

Real Estate investment in Frankston, TX

There are 23 properties for sale in the city of Frankston . The median list price in Frankston is $485,000 and the average price per square foot is $202. In September 2025, the average monthly cash on cash return in Frankston is 3.00%. The average monthly rental income in Frankston is $2,403.

Frankston, TX Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 23 investment properties available for sale in Frankston.

In 2025, the best neighborhood to buy investment property is Frankston.

The ROI for Short-Term is higher than the Long-Term in Frankston with average rental income of $5,450.

Your search for investment property begins and ends here

Investment Property for Sale in Frankston, TX

22770 Diamond Bay Dr

Frankston, TX

3 beds | 2 baths | 2,641 sq.ft.

$799,000

Airbnb cash on cash: 0.97%

Traditional cash on cash: 1.19%

Airbnb Rental Income: $3210

Traditional Rental Income: $2651

Airbnb ROI: 0.97%

Traditional ROI: 1.19%

432 ACR 322

Frankston, TX

4 beds | 3 baths | 2,689 sq.ft.

$569,900

Airbnb cash on cash: 6.55%

Traditional cash on cash: 3.28%

Airbnb Rental Income: $5450

Traditional Rental Income: $2612

Airbnb ROI: 6.55%

Traditional ROI: 3.28%

8149 Highsaw Trl

Frankston, TX

3 beds | 2 baths | 1,689 sq.ft.

$379,500

Airbnb cash on cash: 5.06%

Traditional cash on cash: 3.5%

Airbnb Rental Income: $3210

Traditional Rental Income: $1929

Airbnb ROI: 5.06%

Traditional ROI: 3.5%

102 An County Road 3192

Frankston, TX

3 beds | 2 baths | 2,143 sq.ft.

$510,000

Airbnb cash on cash: 3%

Traditional cash on cash: 2.35%

Airbnb Rental Income: $3210

Traditional Rental Income: $2175

Airbnb ROI: 3%

Traditional ROI: 2.35%

11867 Berrycreek Cir

Frankston, TX

4 beds | 2 baths | 2,035 sq.ft.

$410,000

Airbnb cash on cash: 9.18%

Traditional cash on cash: 3.75%

Airbnb Rental Income: $5450

Traditional Rental Income: $2269

Airbnb ROI: 9.18%

Traditional ROI: 3.75%

20850 CR 4226

Frankston, TX

4 beds | 3 baths | 2,812 sq.ft.

$999,000

Airbnb cash on cash: 2.91%

Traditional cash on cash: 1.21%

Airbnb Rental Income: $5450

Traditional Rental Income: $2767

Airbnb ROI: 2.91%

Traditional ROI: 1.21%

118 Prvt Rd 7009

Frankston, TX

3 beds | 3 baths | 2,542 sq.ft.

$495,500

Airbnb cash on cash: 3.9%

Traditional cash on cash: 3.76%

Airbnb Rental Income: $3210

Traditional Rental Income: $2420

Airbnb ROI: 3.9%

Traditional ROI: 3.76%

21489 Stevenson RD

Frankston, TX

3 beds | 3 baths | 3,438 sq.ft.

$944,500

Airbnb cash on cash: 1.03%

Traditional cash on cash: 1.22%

Airbnb Rental Income: $3210

Traditional Rental Income: $2646

Airbnb ROI: 1.03%