Frankston, TX 75763,8900 Ruby Lane

$2,400,000

Est.Price: ?

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Est. payment /mo

9.73 Acres Lot


SOLD DATE : 06/15/2020

Key Details

Property Type Single Family Home

Sub Type Building

Listing Status Sold

Purchase Type For Sale

Subdivision Tx

MLS Listing ID 10115931

Sold Date 06/15/20

Lot Size 9.730 Acres

Acres 9.73

Lot Dimensions Irregular

Property Description

Lake Palestine RV Resort with Camping, Boat Marina, Cabins, Restaurant, Boat Launch, Banquet Hall, Store, Live Bait, Fuel, LP Gas and more. All right on Beautiful Lake Palestine, busy HWY 155 and just a 15 minute drive to the heart of Tyler. Includes 60 RV sites, 25 Lodging units, 80 Covered Boat Slips, 21 open Boat Slips, plus 90% of all Fishing Tournaments are held right here. This place is capable of making over $1,000,000 annually in sales. Owner has an appraisal from 2016 showing a $3.5 M value. Owner wants to retire and is ready to SELL! Lake Palestine is over 17 miles long and has some of the best fishing in all of East Texas. It has a constant river running thru it and is regulated by a spillway and not a dam so the water lever stay pretty constant throughout the year. If you ever thought of owning an RV Park, now's your chance along with a full Marina. Don't miss out on this property as it's one of the only two places on the lake that offers a Full Marina and Camping combined, plus this one is located right on HWY 155 and has over 13,000 cars pass by it daily. Also visit their website at Lake Palestine Resort Call me to set up a viewing of the property, to get additional photos or request financials.

Location

State TX

County Henderson

Area Henderson

Zoning Other/See Remarks

Interior

Cooling Central Electric, Window Unit(s)

Exterior

Waterfront Yes

View Y/N No

Building

Sewer Conventional Septic, Private Sewer

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Greater Tyler MLS (GTARMLS)
Listed by Ray Verhey • Staples Sotheby's International Realty
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