22766 Diamond Bay Drive
Frankston, TX, 75763 $ 749,000
Bedrooms3 Baths2.1 Sq 2,554 Monthly Estimate*
$ 4,612
for $749,000 with 3 bedrooms and 2 full baths, 1 half bath. This 2,554 square foot home was built in 1990 on a lot size of 0.449.
Welcome to 22766 Diamond Bay, a single-level lakefront home with wide-open water views, a deep greenscape backyard, and a solid, well-built boathouse—an easy, turn-key retreat less than two hours from Dallas. Located inside a quiet gated community with a convenient approach off Hwy 155, this property offers the rare combination of level living, panoramic shoreline views, and a looping driveway with plenty of parking for friends and family to enjoy full lake days. Wall-to-wall windows along the living, dining, and kitchen areas frame Lake Palestine and fill the home with natural light. The stone fireplace adds warmth to the open layout, creating a comfortable setting for weekend gatherings or everyday living. The spacious primary suite features an oversized shower and dual walk-in closets, while two additional bedrooms and a large bonus room provide flexible space for guests, work, or play. Step outside to an expansive deck overlooking a deep, grassy backyard—ideal for kids, pets, or relaxed afternoons by the water. The boathouse sits on a generous stretch of shoreline and is designed for easy lake access, from morning fishing to sunset cruises. The lot’s depth and gentle slope make the entire property unusually usable compared to many lakefront parcels. With Brownsboro ISD schools, low HOA dues, and a peaceful, established setting, this home works beautifully as a weekend lakehouse or a full-time residence. And when you’re not on the water, you’re just minutes from two of East Texas’ favorite Cajun spots—Catch Me If You Can (8 minutes) and Wade’s Place (18 minutes). Approachable, comfortable, and ready for immediate enjoyment, this is lake living made easy on one of the most scenic stretches of Lake Palestine.
See more
FeaturesInteriorInterior Features Cable TV Available Chandelier Decorative Lighting Eat-in Kitchen Granite Counters High Speed Internet Available Pantry Walk-In Closet(s)
Flooring Carpet Ceramic Tile
Basement Y/N 0
Dining Areas 2
Living Areas 1
Half Baths 1
Total Bedrooms 3
Total Baths 3
See more
GeneralHeating Central Electric
Cooling Ceiling Fan(s) Central Air Electric
Utilities Aerobic Septic Asphalt Outside City Limits Other
Possession Negotiable
Roof Composition
Appliances Dishwasher Disposal Dryer Electric Cooktop Electric Water Heater Microwave Double Oven Refrigerator Vented Exhaust Fan Washer
Assoc Fees 245
Number of Garage Spaces 2
School District Brownsboro ISD
HOA Fee Includes Management Fees
Pool Y/N 0
Year Built 1990
Architectural Style Traditional
Levels One
Property Subtype Single Family Residence
Subdivision Name Diamond Head Bay Inc
Transaction Type For Sale
Occupant Type Owner
County Henderson
Property Type Residential
Construction Materials Brick
Year Built Details Preowned
HOA Type Mandatory
Full Baths 2
Status Active
Directions Use GPS navigation.
City Frankston
Other Equipment Other
Elementary School Name Brownsboro
High School Brownsboro
Elementary School Brownsboro
Standard Status Active
Junior High School Brownsboro
Listing Terms Cash Conventional
See more
ExteriorWaterfront 1
Exterior Features Covered Deck Covered Patio/Porch Rain Gutters
Lot Features Few Trees Interior Lot Lrg. Backyard Grass Water/Lake View Waterfront
Vegetation Grassed
Fencing Chain Link
Soil Type Unknown
Garage Length 20
Garage Width 26
Other Structures Boat House
Lot Size Source Public Records
Parking Features Driveway Garage Garage Faces Side Oversized
WaterFront Features Dock – Covered Lake Front Personal Watercraft Lift
Lot Size Less Than .5 Acre (not Zero)
Foundation Slab
Structural Style Lake House Single Detached
Garage Y/N 1
Attached Garage Y/N 1
See more
* Excluded FeaturesList ByDebbie SherringtonListing Agent
Dave Perry Miller Real EstateBroker
Affordability Calculator
- Monthly Principal & Interest
- $4,612
- Monthly Property Taxes
- $920
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbySingle family listings in Frankston, TX
Average List Price $509,618
Percent of Sale Price 32%
About Frankston, TX 1,283 Population
7% Since 2002
$ 48,033 Median Income
38.65 Median Age
29% Households with Children
Trends Information provided by ATTOM Data Solutions.
287703 Elementary School
3672519 Middle School
Pricing History| Date | Price | Price Change | Description |
|---|
| 4/17/2026 | $749,000 | -5.79% | Price Down |
| 11/25/2025 | $795,000 | -5.92% | Price Down |
| 10/29/2025 | $845,000 | | Listed Price |