Perched above the stunning waters of Possum Kingdom Lake, this 10.5-acre hilltop retreat offers some of the most captivating views in the area. Rolling elevation changes, rugged natural beauty, and expansive lake vistas create an extraordinary backdrop for your future custom home, vacation retreat, or investment property. With a public boat ramp less than half a mile away and deep-water access nearby, you'll enjoy the best of lake living while maintaining the privacy and serenity that only acreage can provide. Explore the property's scenic terrain, abundant wildlife, and multiple potential homesites, each showcasing breathtaking views of Possum Kingdom Lake and the surrounding Texas landscape. A rare opportunity to own a premier piece of lake-view acreage in one of North Texas' most sought-after recreational destinations.
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Open houses
No upcoming open houses.
Around this home
Schools
K - 12
Preschool & daycare
East Elementary School
Public PreK-2 • Assigned • 19.7mi
Breckenridge Junior High School
Public 6-8 • Assigned • 20.8mi
6/10
Breckenridge High School
Public 9-12 • Assigned • 20.7mi
5/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Interior features
Recreational current use
Exterior features
No fencing
All-weather road access
Asphalt road surface
County road frontage
Brush vegetation
Few trees
Gullies and hilly, rugged terrain
Steep slopes
Water/lake view
Interior lot
Home design
Unimproved land (land property type)
Suitable for recreational, residential or single-family use
Unzoned / development status unzoned
Parking
No designated parking improvements listed
Security
No surveillance devices present
Construction
Soil type: rocky/shale
No barns
Utilities
Electricity available
Not in a municipal utility district
HOA & community
No association
Financial info
Listing terms include Cash and Conventional financing; not assumable
Treated as clear for loan purposes
No second mortgage
Other
Parcel number 567072
Approximately 10.5 acres
Will not subdivide
No easements or restrictions reported
Directions: From Graham, head south on TX-16. Slight right to stay on FM1287. Turn left on FM 1148, go about 7.5 miles. Look for banner on property; it will be to your left.
Electricity and solar
View estimated energy costs and solar savings for this home
As the MLS and public records start to fill up, we'll list the details here.
Public record
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Style
Ranch
County
Palo Pinto County
APN
000
Parking Spaces
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Basement
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Accessible
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Last updated by owner on Jun 15, 2026.
Historical weather
Graham, TX • 76450
Average low and high temperatures (°F)
55
30
66
38
78
50
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73
93
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90
65
86
60
73
47
64
38
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Sun exposure
100/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 18% for direct sun exposure in Graham. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.5 hrs
6.7 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 0 FM 1148
$184,548
$14K under list price of $199K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $220K to $554K.