Possum Kingdom Lake Homes with Airport Runway Community features

Welcome to Possum Kingdom Lake, a hidden gem nestled in the heart of Palo Pinto County, Texas. Known for its breathtaking landscapes and vibrant community, this picturesque destination offers a perfect blend of serene lakeside living and adventurous outdoor activities. With its stunning cliffs, crystal-clear waters, and lush greenery, Possum Kingdom Lake is a haven for nature enthusiasts and water lovers alike.

One of the most unique features of this area is its exclusive homes within an Airport Runway Community. Imagine waking up to panoramic views of the lake while having the convenience of your own private runway just steps from your doorstep! This exceptional community is perfect for aviation enthusiasts, offering easy access for private planes and a lifestyle that embraces both luxury and adventure.

The homes in this community are designed with elegance and comfort in mind, featuring spacious layouts, modern amenities, and outdoor spaces perfect for entertaining. Residents enjoy a close-knit atmosphere, where neighbors become friends and community events foster a sense of belonging. Whether you’re picnicking on the shore, boating, or simply soaking up the sun, the lifestyle here is as vibrant as the stunning sunsets that grace the sky.

Possum Kingdom Lake is not just a place to live; it’s a lifestyle choice that invites you to embrace the beauty of nature while enjoying the thrill of aviation. Discover your dream home in this extraordinary community and experience the magic of Possum Kingdom Lake firsthand!

Newest Possum Kingdom Lake Homes with Airport Runway Community features

$276,000

2 Beds ⋅ 2 Baths ⋅ 21346111 MLS

One of the largest condos in Paradise Villas, very clean & well maintained; fully furnished & ready for you to enjoy! Loft area for extra sleeping space, game room, or office. Great composition deck overlooking Bluff Creek offers plenty of space for outdoor dining or gorgeous sunset views. Located in the end building just steps from the Villas common area cookout spot, and just minutes from Bluff Creek Marina.

3033 Hells Gate Loop Unit E206, Possum Kingdom Lake

$745,000

4 Beds ⋅ 3 Baths ⋅ 21318707 MLS

Experience the best of Possum Kingdom Lake living with this beautifully maintained home situated on nearly 2 acres in the highly sought-after Sportsmans World community. Offering 4 bedrooms, including a versatile loft currently serving as the fourth bedroom and game room, this property provides the perfect combination of comfort, functionality, and entertainment. Designed for enjoying the outdoors, the backyard features a sparkling SWIMMING POOL, relaxing hot tub, fully screened patio, and outdoor kitchen with plenty of space for gathering with family and friends. The oversized three-car garage offers abundant storage for vehicles, boats, golf carts, and lake toys, or can easily be used as an additional game room or entertainment area. Possible vacation rental, this home is being sold fully furnished, making it an excellent turnkey investment, vacation home, or full-time residence. As an added bonus, the seller has MARINA SLIP & BOAT LIFT that could transfer with the sale, providing convenient access to PK Lake. Sportsmans World offers exceptional amenities including a full-service marina, general store and grill, community pool, tennis courts, playground, covered pavilion, and an outdoor live music venue. Whether you're looking for a relaxing lake retreat or a property with proven rental potential, this home is ready to enjoy from day one.

4088 Hells Gate Loop, Possum Kingdom Lake

$589,000

3 Beds ⋅ 2 Baths ⋅ 21310915 MLS

Gated entry to your own spacious lakeside haven, set on a generous waterfront lot with an oversized, lush play yard that feels like a private park. This cheerful and mostly furnished 3bedroom, 2bath home welcomes you with a bright, happy living room addition showcasing sparkling lake views, an open dining area, and a flowing floorplan designed for easy gatherings. A large lakeside deck extends your living space outdoors, ideal for entertaining, unwinding, or simply soaking in the tranquil scenery. Follow the gentle walk down to the water where a rock retaining wall for erosion control, and swim dock awaits, perfect for fishing, lounging, or jumping in for a refreshing dip. A private boat ramp makes lake days effortless. Storage is never an issue here- enjoy abundant space for all your lake toys, plus boat, RV parking. The property also includes a 2 car attached carport, a garage with workshop, and an additional carport, plenty of room for guests, gear, and hobbies. A rare combination of space, comfort, and true lake-living convenience, this property is ready to enjoy.

313 Butler Point Rd, Possum Kingdom Lake

$1,495,000

5 Beds ⋅ 7 Baths ⋅ 21277464 MLS

Experience Possum Kingdom Lake from one of its most iconic settings at 6160 W Hell's Gate Drive. Designed to capture the view and bring people together, this modern 5-bedroom, 6.5-bath retreat pairs dramatic architecture with effortless indoor-outdoor living. Soaring ceilings and walls of glass frame sweeping views of Hell's Gate and PK, while glass garage doors open the main living area directly to the outdoor entertaining space. Step outside to an infinity-edge pool, expansive deck and a front-row setting for unforgettable lake sunsets and the famous Hell's Gate fireworks. With 3,288 square feet on 1.27 acres, there's room to gather without losing the relaxed feel that makes lake living special. Durable metal-frame construction adds strength and distinctive architectural style. From summer days by the pool to crisp fall evenings with the doors open and the lake as your backdrop, this is a home designed to enjoy PK in every season.

6160 W Hells Gate Dr, Possum Kingdom Lake

$1,599,000

4 Beds ⋅ 3 Baths ⋅ 21268704 MLS

Perched on nearly 6 acres of fenced, landscaped-yet-natural terrain overlooking Possum Kingdom Lake’s iconic Hell’s Gate Cove, this extraordinary estate offers the perfect blend of privacy, adventure, & luxury living. Tucked away in a secluded setting that feels miles from anywhere, the property features rolling hills, scenic ATV trails, breathtaking lake views, & endless room to roam—all without ever leaving home. The beautifully maintained main residence greets you with a covered drive framed by a charming rose garden & opens into a warm, inviting interior with a cozy fireplace, & open-concept living-kitchen area designed to capture stunning views. The home offers 3 bedrooms, 2 bathrooms, & a spacious primary suite complete with wrap-around deck overlooking the surrounding landscape & lake. Recent updates include new HVAC systems & Trex decking (2023), water heater (2021), & new carpet (2025). A separate bonus home, built in 2024, adds exceptional space for guests, extended family, or rental use, features 1,200 sq ft on the main level plus a 500sqft loft. Designed for comfort & efficiency, the structure is fully spray-foamed for enhanced energy performance & superior insulation. For hobbyists or outdoor enthusiasts, the impressive 5,000sqft shop & garage is truly one of a kind. Complete with multiple overhead doors, expansive storage, an auto lift, & ample room for boats, ATVs, vehicles, tools, & toys, the space also includes a private 700sqft loft gym with incredible views. Kids will love the custom playground-essentially your own private park-featuring a merry-go-round, geodome climber, & 3 oversized playhouses with slides & swings. Platted as a residential estate lot, the property also allows horses, adding even more possibilities for recreation. This rare Possum Kingdom Lake retreat combines natural beauty & limitless opportunity in one unforgettable property. Come experience the breathtaking views, peaceful surroundings, & unique lifestyle this estate offers.

7060 Hells Gate Loop, Possum Kingdom Lake

$3,999,000

5 Beds ⋅ 7 Baths ⋅ 21257583 MLS

Watch the Lake Life Video of this lake home... BELLTOWER.ESTATE... Magnificent New Construction Mediterranean inspired Estate, positioned inside Possum Kingdom Lake’s most famous landmark — Hell’s Gate — is unlike anything else. An iconic destination property designed to impress from nearly every angle, this retreat captures explosive panoramic lake views through massive picture windows & expansive outdoor living spaces. Inside, soaring ceilings, and open-concept design create a grand atmosphere built for entertaining. The outdoor experience was designed to steal the show. A negative-edge swimming pool disappears into the lake horizon, while lowered railing systems and built-in bench seating preserve sightlines. Luxury finishes and custom craftsmanship are woven throughout, including designer flooring, statement tile work, premium countertops, and architectural details that elevate every space. The breezeway-style layout encourages refreshing lake airflow, creating the effortless indoor-outdoor lifestyle. Five spacious bedrooms, each with its own private ensuite bath, along with 2 additional half baths. A detached guest suite offers privacy and flexibility for hosting family, friends, or extended lake weekends. Upstairs, the oversized game room and full bar open onto a covered balcony overlooking Hell’s Gate — arguably one of the most iconic views on the entire lake. Above it all, the signature Bell Tower delivers a one-of-a-kind experience with rare elevated views stretching for miles across the water and surrounding lake country. An extended concrete driveway opens into a spacious circular parking area with additional guest parking nearby. Marina and lake resort amenities close by. Perhaps one of the boldest new luxury estates found in all of Texas. Built for buyers who want more than just a lake home — they want the location everyone talks about, the views nobody forgets, and a property designed to become the ultimate gathering place.

7085 W Hells Gate Dr, Possum Kingdom Lake

$520,000

3 Beds ⋅ 2 Baths ⋅ 21249778 MLS

This Possum Kingdom Lake property offers a unique combination of a private beach and direct access to an expansive Brazos River Authority greenbelt, creating a wide-open feel with massive lake views that extends far beyond the lot itself—without the added property tax burden. Owned by the same family for decades, this is a choice lakefront location. The existing cabin provides a simple, usable footprint for immediate enjoyment, while the garage and guest suite offer well-maintained space for guests, storage, or weekend flexibility. For families new to PK this is where lake life really works… room to run, play, and gather, with easy access to the water and space to grow. Over time, the setting easily supports a future custom build that takes full advantage of the beach, views, and surrounding open space. Short-term rental potential adds another layer of versatility, making it possible to enjoy the property while generating income. Recent resurvey increased area of lakefront based on 1000 elevation.

1141 Airport Rd, Possum Kingdom Lake

$1,665,000

6 Beds ⋅ 4 Baths ⋅ 21178606 MLS

Located in Sportsman's World, just steps from Bluff Creek Marina and the iconic Hell's Gate, this spacious property offers the ideal blend of comfort, convenience and fun! This unique lake home features ample space for togetherness or privacy, complete with 6 bedrooms, 4 bathrooms, 2 fully stocked kitchens, 2 dining areas, 2 family rooms, a large game room with ping pong, shuffleboard and air hockey. Outside, the ultimate backyard begins! With 2 covered patios, fire pit, and crystal blue pool-spa ready for full enjoyment! Sit back and relax while taking in the serene canal of PK and Bluff Creek Point. Property also has a transferrable boat slip! Community amenities include private airport-runway, community pool, sports complex, marina, general store and more! THIS IS A MUST SEE PROPERTY! HUGE RENTAL POTENTIAL!

5013 Hells Gate Loop, Possum Kingdom Lake

$580,000

5 Beds ⋅ 3 Baths ⋅ 21168634 MLS

Lakefront home on the peaceful North Shores of Possum Kingdom Lake surrounded by mature trees. The main home offers large open living space. Eat in Kitchen with gas range. Dining space with dry bar and tons of storage options. The oversized primary bedroom with ensuite bath boasts a garden tub, dual sinks and 2 extra large walk in closets. Two guest rooms separated by 2nd bathroom offer ample space for guests. The separate bunk house with 2 additional bedrooms and half bath, make this property ideal for rental investment. Huge kid friendly play yard and sandy beach lake frontage. Expansive covered lakeside deck to wile away the hours, entertain or just take in the unbeatable sunsets. Jump in the lake from your swim platform dock or tie up your watercraft. Plus this property is ideally located within walking distance to PK Airport. Don't let this one get away!

1059 Airport Rd, Possum Kingdom Lake

$315,000

21138004 MLS

Room to roam on the nearly three acre (2.768 ac) lot in Sportsmans World at Possum Kingdom Lake, the home of Hells Gate. Located near the end of a cul-de-sac off the beaten path, this large lot allows for plenty of space with an out in the country feel. The starry night skies are spectacular from here! This part of Sportsmans World has common sightings of natural wildlife - audads, rabbits, fox, roadrunners and many other birds - it's a nature lover's dream spot. Minimal restrictions make this an ideal location for building that lake home you've been dreaming of when you're ready - no time requirement for when you must build. Amenities available to Sportsmans World property owners include an airstrip, Bluff Creek Marina and boat ramp, community pavilion with pool, tennis courts, playground and disc golf, plus the benefits of a volunteer fire department within the subdivision. Come see this great spot and consider joining the Sportsmans World community so you can start living and loving the PK Lake Life!

Lot 5R Bluff Creek, Possum Kingdom Lake

$285,000

21137999 MLS

Almost two acres (1.996 ac) in Sportsmans World at Possum Kingdom Lake, the home of Hells Gate, and this lot sits right across the street from Hells Gate Cove. Plenty of elbow room and minimal restrictions make this an ideal location for building that lake home you've been dreaming of when you're ready - no time requirement for when you must build. Numerous established homes and newly constructed homes in the vicinity of this lot, but neighboring lots are large enough that none feel too close. Amenities available to Sportsmans World property owners include an airstrip, Bluff Creek Marina and boat ramp, community pavilion with pool, tennis courts, playground and disc golf, plus the benefits of a volunteer fire department within the subdivision. Come see this lake view lot and consider joining this great community so you can start living and loving the PK Lake Life!

7092 Hells Gate Loop, Possum Kingdom Lake

$119,999

20919604 MLS

Build your dream home, barndominium, or short-term rental (STR) investment on this 2.95-acre estate property in the desirable Sportsman’s World community at Possum Kingdom Lake! As an estate lot, this property allows for an additional dwelling, outbuildings, and even cattle or farm animals. Giving you the freedom to create a private retreat or an income-producing getaway. Located just around the corner from the full-service marina, you’ll enjoy easy access to boating, fishing, and all the lake adventures Possum Kingdom is known for. A convenient general store at the neighborhood entrance makes lake life effortless. Sportsman’s World offers community amenities including a marina, pool, playground, tennis courts, and a private airstrip. Whether you’re building a forever home, a weekend escape, or a rental investment, this property combines space, flexibility, and unbeatable lake access.

Lots 4-6 Lots 4-6 Hells Gate Loop, Possum Kingdom Lake

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Listings provided by North Texas Real Estate Information Systems (NTREIS). Listing data has been deemed reliable but is not guaranteed to be accurate by the MLS.

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