ALL the essential features savvy buyers seek are found in this stunning lakefront estate on the big open main body of Possum Kingdom Lake. Enjoy premier southern exposure, breathtaking panoramic views over crystal-clear, 60-foot deep waters, right across from Sandy Beach — an unbeatable location for recreation and long-term value. This property is a dream for boating enthusiasts, featuring a newer full-sized double-decker dock with durable composite decking, three slips & boat lifts, all situated in deep water. Enter through a private gated drive to a beautifully manicured estate with lush lawns, mature shade trees, and an oversized, park-like setting. Ample asphalt parking offers convenience for guests or gatherings. Inside, the main home boasts huge bedrooms, a spacious open living area with fireplace, and wall-to-wall lake views. Recent upgrades include new windows, doors, roof, and more, giving peace of mind for years to come. A covered outdoor living area lets you entertain or unwind while taking in those incredible lake vistas and cool southern breezes across the large grassy backyard with room for a future swimming pool. The property also includes a detached guest quarters with a full bath and double carport — perfect for visitors. Both main house and guest quarters are offered fully furnished, it’s truly turnkey, ready to enjoy immediately or leverage as a luxury rental. Whether you’re looking for a full-time lakefront residence, a private family retreat, or an investment property in a popular resort community with all the must-have features — deep water, premier dock, spacious land, privacy, and updated living — this estate delivers exceptional value and lifestyle on Possum Kingdom Lake.
Single-familyProperty Type
1999Year Built
1.21 acresLot Size
$697Est. Price/Sq.Ft.
2 garage spacesParking
Listed by Keith Hanssen• Possum Kingdom Real Estate
The best side of PK Lake is where the scenic southern shoreline of Wilson Road meets the 60 feet deep blue waters across from Sandy Beach. This manicured estate has a private entrance, lush lawn, mature shade trees, and a delightful lakefront home that your family will appreciate. Plenty of parking in the attached garage, carport, and open asphalt parking areas. The detached guest quarters has a full bath, and it will sleep the overflow crew comfortably. The private covered boat dock has non-splintering composite deck, and it has three slips with electric lifts to accommodate a variety of watercraft. The Crow's Nest is a lakeside patio where you'll enjoy watching over the activities at the Best Lake in Texas.
NTREIS #13880297
Jan 1, 2019
Listing Removed
—
Sep 19, 2018
Price Changed
$998,500
$351/sq ft
Jul 4, 2018
Listed
$1,195,000
$421/sq ft
Public Records
Dec 1, 2010
Sold
*
Public Records
Sep 6, 2006
Sold
*
Public Records
Jan 7, 2000
Sold
*
Public Records
Sep 23, 1997
Sold
*
Public Records
Aug 16, 1996
Sold
*
Public Records
Jun 5, 1992
Sold
*
Year
Property tax
Land + Additions
Assessment*
2025
$21,562 (−5.7%)
$785,060 + $777,340
$1,562,400
2024
$22,868 (+13.4%)
$785,060 + $777,340
$1,562,400
2023
$20,162 (−4.2%)
$588,800 + $777,340
$1,366,140
2022
$21,053 (+32.4%)
$588,800 + $777,340
$1,366,140
2021
$15,901 (−0.7%)
$354,490 + $558,350
$912,840
2020
$16,021 (+8.4%)
$354,490 + $508,190
$862,680
2019
$14,776 (−0.7%)
$355,020 + $434,410
$789,430
2018
$14,883 (+1.6%)
$355,020 + $430,900
$785,920
2017
$14,652 (+4.5%)
$355,020 + $430,900
$785,920
2016
$14,024 (−0.2%)
$355,020 + $430,900
$785,920
2015
$14,058 (+1.0%)
$355,020 + $428,120
$783,140
2014
$13,913
$360,460 + $429,070
$789,530
Tax history for 5157 Wilson Rd
Year
Property tax
Land + Additions
Assessment*
2025
$21,562 (−5.7%)
$785,060 + $777,340
$1,562,400
2024
$22,868 (+13.4%)
$785,060 + $777,340
$1,562,400
2023
$20,162 (−4.2%)
$588,800 + $777,340
$1,366,140
2022
$21,053 (+32.4%)
$588,800 + $777,340
$1,366,140
2021
$15,901 (−0.7%)
$354,490 + $558,350
$912,840
2020
$16,021 (+8.4%)
$354,490 + $508,190
$862,680
2019
$14,776 (−0.7%)
$355,020 + $434,410
$789,430
2018
$14,883 (+1.6%)
$355,020 + $430,900
$785,920
2017
$14,652 (+4.5%)
$355,020 + $430,900
$785,920
2016
$14,024 (−0.2%)
$355,020 + $430,900
$785,920
2015
$14,058 (+1.0%)
$355,020 + $428,120
$783,140
2014
$13,913
$360,460 + $429,070
$789,530
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Appliances: Dishwasher, Disposal, Electric Cooktop, Electric Oven, Electric Range, Microwave, Refrigerator, Vented Exhaust Fan
Number Of Living Areas: 2
Number Of Dining Areas: 2
Living Area: 2841.00
Levels: One
Flooring: Carpet, Ceramic Tile
Interior Features: High Speed Internet Available, Vaulted Ceiling(s)
Laundry Features
Laundry Features: Full Size W/D Area
Room 1 Information
Room Type: Living Room
Room Level: 1
Room Features: Built-in Cabinets, Fireplace
Room Dimensions: 19 x 27
Room Length: 19.00
Room Width: 27.00
Room 2 Information
Room Type: Dining Room
Room Level: 1
Room Features: Built-in Cabinets, Fireplace
Room Dimensions: 15 x 14
Room Length: 15.00
Room Width: 14.00
Room 3 Information
Room Type: Kitchen
Room Level: 1
Room Dimensions: 14 x 12
Room Length: 14.00
Room Width: 12.00
Room 4 Information
Room Type: Primary Bedrm
Room Level: 1
Room Dimensions: 15 x 11
Room Length: 15.00
Room Width: 11.00
Room 5 Information
Room Type: Primary Bathrm
Room Level: 1
Room Dimensions: 10 x 8
Room Length: 10.00
Room Width: 8.00
Room 6 Information
Room Type: Primary Bdrm-2nd
Room Level: 1
Room Dimensions: 15 x 12
Room Length: 15.00
Room Width: 12.00
Room 7 Information
Room Type: Bedroom
Room Level: 1
Room Dimensions: 15 x 12
Room Length: 15.00
Room Width: 12.00
Room 8 Information
Room Type: Bedroom
Room Level: 1
Room Dimensions: 16 x 15
Room Length: 16.00
Room Width: 15.00
Room 9 Information
Room Type: Laundry
Room Level: 1
Room Dimensions: 10 x 8
Room Length: 10.00
Room Width: 8.00
Exterior
Building Information
Roof: Composition
Construction Materials: Fiber Cement, Rock/Stone
Foundation Details: Slab
Exterior Features
Exterior Features: Covered Porch(es), Dock, Fire Pit, Outdoor Grill, Outdoor Living Center, Private Entrance, RV/Boat Parking, Storage
Fencing: Gate, Privacy, Other
Waterfront Information
Is Waterfront
Waterfront Features: Dock – Covered, Lake Front, Lake Front – Main Body, Personal Watercraft Lift
Waterbody Name: Possum Kingdom
Dock Permitted YN: Yes
Farm Information
Barns Count: 0
Land Information
Soil Type: Unknown
Vegetation: Grassed, Partially Wooded
Lot Information
Easements: Utilities
Lake Pump YN: Yes
Lot Features: Landscaped, Lrg. Backyard Grass, Many Trees, Sprinkler System, Waterfront
Lot Size: 1 to < 3 Acres
Lot Size Acres: 1.2100
Lot Size Area: 1.2100
Lot Size Square Feet: 52707.6000
Lot Size Units: Acres
Other Structures: Guest House, Workshop w/Electric
Parcel Number: 23267
RATIO List Price By Lot Size Acr: 1652892.56198
Will Subdivide: No
Property Information
Property Type: Residential
Property Sub Type: Single Family Residence
Accessibility Features YN: No
Security Features: Burglar, Security System
Property Attached YN: No
Accessory Unit SF: 760
Accessory Unit Type: Guest Quarters
Accessory Unit YN: Yes
Multi Parcel IDYN: No
Property Key: 48363|23267|1|74744344
Property Match: APN
Restrictions: Deed
US Property MUI: 407910830
Other Equipment: Satellite Dish
Building Information
Year Built: 1999
Year Built Details: Preowned
Smart Home Features Appor Pass Y: No
Financial
Tax Information
Special Taxing Entities: No
Tax Legal Description: ACRES: 1.210 PK LAKE 25-2-49 AREA 6-M LOT 12-
Tax Lot: 12-F
Unexempt Taxes: 22868
Financial Information
Buyer Financing: Conventional
Loan Type: Treat As Clear
Second Mortgage YN: No
Utilities
Utility Information
Municipal Utility District YN: No
Utilities: Asphalt, Co-op Water, Individual Water Meter, Outside City Limits, Septic
Location
HOA Information
Association Type: Mandatory
Association Fee: 382
Association Fee Frequency: Annually
HOA Management Company: Patterson PK Land Patnership
HOA Management Company Phone: 817-784-2014
School Information
Elementary School: Graford
Elementary School Name: Graford
High School Name: Graford
Middle School Name: Graford
School District: Graford ISD
Location Information
County Or Parish: Palo Pinto
Country: United States
Directions: Drive FM 1148 east past PKRE West Side office turn right on Wilson Rd, at the T, look ahead to the gate that say's Gone Fishing and you'll have arrived.
Latitude: 32.89533000
Longitude: -98.52414700
Geocode Confidence: Low
Subdivision Name: West Side
Public facts
Beds: —
Baths: —
Sq. Ft.: 2,357
Stories: —
Lot Size: 1.21 acres
Style: Single Family Residential
Year Built: 1999
Year Renovated: —
County: Palo Pinto County
APN: R000023267
Home facts updated by county records on Jul 22, 2026