This waterfront lot in a small, quiet neighborhood just outside Frankston on Lake Palestine is exactly what you've hoped to find! Here on Cobb's Inlet, you would own 1.86 acres to water’s edge-unusual for Lake Palestine! With a cul de sac location, towering established trees & a recently built boathouse & bulkhead this is not your typical lake lot. Boathouse provides an air-conditioned room to escape from heat of the day with a sink, refrigerator & microwave for ease of entertainment. You could spend nights here as well with an air conditioned "portable bathroom" on site, which holds its own enclosed septic tank. Bonus storage room is perfect for lake toys & has a shower. Boathouse also has a one slip electric lift, a fish cleaning station, covered area for protection from the sun & rain & is perfect to fish right from the dock with wide stairs leading down to the water. The view is fantastic with a pine forest across the water. Bring your new house plans & enjoy life on the lake!