Brand-New Possum Kingdom Lake Waterfront home with a Boat Dock. Priced to Sell! Exceptional Value. Priced under $1 million, you’d be hard pressed to buy the lot, build this home, install the dock, and complete everything today for close to this price. If you’ve been waiting for the right waterfront property, this is one you need to see! Located on the highly sought-after West Side, this brand-new waterfront home offers the complete lake lifestyle with breathtaking open-water views, a level grassy yard shaded by mature pecan trees, a sandy beach shoreline, and a private dock with a HydroHoist boat lift ready for your next day on the water. Designed for both full-time living and unforgettable weekends, the home comes fully furnished and features a spacious kitchen, two inviting living areas, and seamless indoor-outdoor entertaining. The thoughtfully designed accessibility ramp allows everyone to enjoy easy access to the home and waterfront. Whether you’re looking for a luxury lake home, family retreat, short term rental, or investment property, this home checks every box. No HOA. No restrictions. Plenty of room to expand. Exceptional fishing from your dock. Restaurants and amenities just minutes away. The seller has priced this property aggressively and is prepared to work with qualified buyers. If you’ve been waiting for the right opportunity on Possum Kingdom Lake, don’t miss this one!
Level Waterfront Lot on Possum Kingdom Lake. Motivated seller! Option to also buy the property directly next door! Discover a one-of-a-kind lakefront property featuring gorgeous mature pecan trees and sprawling, well-kept St. Augustine lawns that gently roll down to a beach-like shoreline. This property offers a truly unique highlight: a man-made peninsula extending toward the heart of the lake, surrounded by a rock wall with built-in swimming steps at the tip, perfect for casting a line, enjoying sunset swims, or simply soaking in panoramic views. The peninsula layout may be able to be repaired, subject to BRA approval. With utilities available and no HOA or building restrictions, the lot offers plenty of room to design and build your dream lake retreat. An older trailer currently sits on the property and will need to be removed, giving you a clean slate to create your vision. For those seeking more space, there is also an option to purchase the adjoining property, creating over an acre of prime lakefront. This is a rare chance to own a property that combines natural beauty, unique design features, and limitless potential—your Possum Kingdom dream starts here.
As the MLS and public records start to fill up, we'll list the details here.
Public record
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Vacant Land
County
Palo Pinto County
APN
563989
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Last updated by owner on Aug 20, 2025.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
7/10 Fire Factor
23% chance of being in a wildfire in next 30 years
7/10 Heat Factor
7 days above 107° expected this year, 22 days in 30 years
4/10 Wind Factor
13% chance of strong winds in next 30 years
1/10 Air Factor
0 unhealthy days expected this year, 0 days in 30 years
Provided by First Street
Historical weather
Graham, TX • 76450
Average low and high temperatures (°F)
55
30
66
38
78
50
78
58
83
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92
73
94
73
97
75
90
65
86
60
73
47
64
38
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Sun exposure
94/ 100
Exceptional sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
8.5 hrs
6.2 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 4445 Chapel Rd
$957,320
$43K under list price of $1.00M
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $439K to $1.6M.