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$5,780,351
21197369 MLS
731± Acre North Texas Ranch Near Possum Kingdom Lake Exceptional opportunity to own 731± acres of premier North Texas ranchland, ideally located just minutes south of Possum Kingdom Lake along State Highway 16. Offering approximately 6,150 feet of highway frontage, the property provides outstanding access while maintaining the privacy and seclusion of a large ranch. The land features beautiful rolling topography, elevated ridges, scenic valleys, open grazing areas, scattered hardwoods, and native brush. Expansive long-range views and multiple potential homesites make this an ideal setting for a ranch headquarters, custom residence, or weekend retreat. Currently utilized for cattle grazing, the ranch features strong perimeter fencing and two ponds providing water for livestock and wildlife. The property is currently under an agricultural exemption. The diverse terrain and natural cover provide excellent habitat for whitetail deer, turkey, dove, hogs, and other native wildlife, creating outstanding hunting and recreational opportunities. Located only a short drive from Possum Kingdom Lake, owners can enjoy convenient access to boating, fishing, water recreation, and lake-area amenities while maintaining the privacy of their own ranch. Whether your vision includes a working cattle ranch, hunting retreat, private family compound, legacy property, or long-term land investment, this remarkable property offers the acreage, terrain, highway frontage, location, and versatility increasingly difficult to find near Possum Kingdom Lake. Buyer to independently verify acreage, boundaries, agricultural exemption status, restrictions, utilities, water availability, and all property information.

4140 N State Hwy 16th Hwy N, Graford

$1,750,000
4 Beds 4 Baths 21193173 MLS
OWNER FINANCING AVAILABLE! Welcome to one of the most coveted places in Texas: Hell’s Gate on Possum Kingdom Lake. From the adrenaline-pumping thrills of Red Bull cliff diving to one of the most amazing firework shows in America, there is truly no place like it. This premier waterfront luxury estate doesn’t just put you near the action; it grants you a front-row seat to the legendary PK lake lifestyle. Set high on the hill of the prestigious Sportsmans World. The heart of this home is the spectacular PARTY ROOM, specifically designed to capture the best view of Hell’s Gate where these world-class festivities take place. This expansive entertaining suite consists of an open living area, dining, and kitchen, all framed by breathtaking vistas. Even the attached full bathroom offers a stunning water view directly from the shower, ensuring you never lose sight of the beauty that surrounds you. For ultimate convenience, a private elevator provides seamless access from the oversized 3-car garage directly into the entertaining quarters. The main residence is a sanctuary built for hospitality, featuring four large bedrooms and three well-appointed bathrooms that comfortably sleep 8+ people for unforgettable family get-togethers. The interior ambiance is anchored by a stately fireplace in the main living area, creating the perfect atmosphere to cozy up during cooler Texas evenings. Transitioning to the outdoors is effortless, with both an upper patio and a lower patio providing multiple levels for relaxation and taking in the lake breeze. For those who thrive in the fresh air, the property features an inviting outdoor fire pit perfect for cooking over an open flame or simply unwinding under the stars. At the water’s edge, you will find a dedicated area to bring your boat, paddleboards, or kayaks for a day or a weekend on the lake. There is truly so much to offer in this lakeside retreat. It comes fully furnished for the turn key, instant lake life! Short term rentals allowed

6161 W Hells Gate Dr, Possum Kingdom Lake

$295,000
2 Beds 2 Baths 21187888 MLS
Enjoy breathtaking sunset views from the private balcony of this upper-level condo overlooking Possum Kingdom Lake. Perfectly positioned for relaxed lake living, this well-maintained and furnished unit offers comfort, convenience, and a front-row seat to the beauty of PK. Located within The Landing Condo community, owners enjoy a host of amenities including a swimming pool, private boat ramp, trailer parking, a covered dock with courtesy slips, and an on-site caretaker—plus the ease of low-maintenance living with no mowing required. Recent updates include fresh interior paint, NEW doors and windows, custom window treatments, a stainless steel appliance package, and a large-capacity stacked washer and dryer. The spacious floor plan features two bedrooms and two full baths, including a primary suite with en-suite bath. A generous living area and two access points to the balcony deck create an ideal space for entertaining or enjoying a peaceful weekend getaway. Start your mornings with coffee on the balcony, spend your afternoons at the pool or out on the lake, and wind down your evenings grilling on the deck as the sun sets over the water. FULLY furnished and conveniently located in the heart of PK, you’ll be just minutes from local dining, grocery shopping, and community events—making this the perfect full-time residence or weekend retreat, with very little maintenance to do and all the fun to have!

1655 Cedar Crest Loop Unit E7, Possum Kingdom Lake

$140,000
21191154 MLS
TEN GORGEOUS ACRES with creek running along the west edge is ready to build at The Hills Above PK Lake! Recently brush hogged and ready to walk the property! Enjoy time on your ATV exploring the land and developing your landscape before you even build. The age-old elm tree that sits in the middle of the property is a must for showcasing when you do build on your own time frame with the choice of your builder! No manufactured homes allowed or RV's sitting out. 2500 sq ft minimum build. Enchanted Rock Court is a quiet cul-de-sac that aptly describes the unique character and features of this tranquil lot. Sights and sounds of nature are all around as well as the amazing star show above on clear nights! Additionally, even as a lot owner, you will have access to the upscale community amenities including the clubhouse, infinity swimming pool, fitness center, community lake cabin, boat dock, and watercraft launch. The quaint town of Graham is approx 20 min away. The growing town of Mineral Wells is approx 30 min away. The Trading Post store open year round is approx a 10 min drive. Summer is almost here and it is a good time to come on out and start looking at how to create family memories at gorgeous PK Lake- a short drive west of Ft Worth.

1052 Enchanted Rock Ct, Possum Kingdom Lake

$79,900
21189557 MLS
SELLER FINANCING AVAILABLE. LOT CAN BE SPLIT BACK INTO TWO!! Discover the perfect blend of natural beauty and exceptional amenities with this stunning corner lot, ideally situated near the marina. This property offers breathtaking views due to its elevated position on a gentle slope, leading down to a charming, seasonal creek bordered by stepped limestone. The unique topography ensures not only privacy but also picturesque sunsets that transform each evening into a serene escape. Residents will enjoy a wealth of recreational facilities including access to the neighborhood marina, perfect for boating enthusiasts, as well as tennis courts, a sparkling pool, and a clubhouse. Whether you’re looking to build your dream home or seeking a investment opportunity, this lot offers a lifestyle filled with leisure and luxury. Adding to its appeal, the seller is open to considering owner financing. Embrace the chance to create your own paradise in this exquisite location.

2005 Hells Gate Loop, Strawn

$29,000
21175353 MLS
Lot includes a yearly One Week timeshare at The Cliffs Vista Condos over looking the marina, a value of $5,000. WATER AND GOLF COURSE VIEW!!!! Come take advantage of a rare opportunity in The Cliffs Resort. From ground level you can see the water inside Neeley's Slough, a protected inlet of PK lake, as well as a large section of the manicured golf course. Lot has multiple bunches of small oak trees, ready to be shaped into the perfect outdoor shade area. Lot ownership gives you access to the plethora of amenities offered by The Cliffs including the restaurant, 36 rounds of golf annually on the Championship golf course, access to the clubhouse, marina, parks, and much much more. This is a gated and guarded community, so you will need an agent to gain access, so call your favorite lake agent and come see this rare opportunity.

Lot 218 Castle Harbour, Graford

$30,000
21163044 MLS
This two acre lot has a wide expanse of road frontage and several choices for house placement. RECENTLY CLEANED UP for ease of walking and understanding the topography of the land. A variety of large mature trees pepper this property giving it shade, trails, privacy, and charm. Things will green up nicely in the Spring. The backside of this lot could be a fun place to create your own trails and private oasis looking into the canyon. The two acre lot 297 next to this lot is also for sale MLS # 20738010 That would give you 4 acres at pricesi n which you would enjoy the sights and sounds of nature all around including deer, roadrunner, turkeys, owls, and a myriad of other Texas birds. The stars are brighter out here at The Hills! You will also enjoy the use of the upscale amenities including the gorgeous community clubhouse infinity swimming pool, community lake cabin, boat dock, boat storage, and watercraft launch area. Spacious fitness center is located inside the community clubhouse with commercial grade equipment, TV, and many large windows to let in the sunshine and beauty all around. Annual Mardi Gras Parade is just around the corner on the first Saturday of March. A GREAT TIME to come on out and walk the property!

Lot 296 Shooting Star, Possum Kingdom Lake

$2,464,000
21167684 MLS
An exceptional opportunity to acquire 320± acres overlooking Possum Kingdom Lake in the heart of Palo Pinto County, featuring Caudill Mountain, a named county summit rising to approximately 1,360+ feet in elevation. This unique high point offers commanding views of Possum Kingdom Lake on one side and a sweeping valley panorama on the other, creating a rare dual-aspect vantage seldom found on privately held ranch land. The property showcases dramatic topography with rolling hills, rugged slopes, elevated ridgelines, and scenic high points that provide expansive views from multiple locations. Native oak, mesquite, and cedar blend with open pasture and grassed areas, delivering both visual appeal and functional grazing capacity. Two established stock tanks and a water tap enhance the ranch’s recreational and agricultural utility, supporting wildlife and livestock operations. The property benefits from an existing agricultural exemption and is well-suited for cattle operations, hunting, recreational use, and future residential development. The ranch also includes a cellular communications tower generating approximately $500 per month in rental income, with all electrical service and related utility costs paid by the tower operator, providing supplemental passive revenue. With approximately 2,000 feet of FM road frontage, access is provided via an all-weather road and available co-op electric service. The ranch is unzoned and unrestricted, allowing flexibility for a private estate, legacy ranch, recreational retreat, or long-term investment holding. Wildlife is abundant, including whitetail deer, hogs, dove, ducks, and native game species. The varied terrain and vegetation create diverse habitat and natural cover throughout the property. This is a rare opportunity to own a landmark-quality ranch centered around one of Palo Pinto County’s signature high points—offering elevation, views, privacy, income potential, and versatility in a premier Possum Kingdom Lake setting.

Tbd Fm 1148, Graford

$58,500
21156996 MLS
Build your dream home or weekend retreat on this exceptional 4.57-acre homesite in the sought-after Hills Above Possum Kingdom Lake. The property offers beautiful native trees, striking rock formations, and a scenic rocky creek along the back, with stunning sunrises and sunsets and the potential for second-story lake views. Water and electricity are available at the street, making future building easy and convenient. Lot ownership includes access to all neighborhood amenities, including boat storage, a community boat ramp and dock, clubhouse with pool and fitness center, fishing pond, lake access, picnic area with cabin, nature trail, and more than 20 miles of private gated roads. There is no requirement to build immediately. Build when you’re ready and choose the builder that best fits your vision. CCRs require a minimum 2,500 sq ft residence. When the time comes, the seller does have thoughtfully designed home plans available that may be customized if desired. Enjoy privacy, breathtaking natural surroundings, and a true Hill Country lake lifestyle — all less than two hours from DFW.

1428 Pk Hills Blvd, Graford

$20,000
21154723 MLS
Build your dream home or weekend retreat on this peaceful 2-acre hillside homesite in the desirable Hills Above Possum Kingdom Lake. Set along a scenic rocky slope, the property offers dramatic natural character and the potential for breathtaking views—an ideal setting for a thoughtfully designed custom residence. Located within a private, gated Hill Country community, the lot provides a quiet sense of seclusion surrounded by native trees and rugged terrain, perfect for those seeking privacy and a true connection to nature. Water and electricity are available at the street, offering convenience when you’re ready to build. Lot ownership includes access to all neighborhood amenities, including boat storage, a community boat ramp and dock, clubhouse with pool and fitness center, fishing pond, lake access, picnic area with cabin, nature trail, and more than 20 miles of private gated roads—allowing you to enjoy the full Possum Kingdom Lake lifestyle while coming home to privacy and space. There is no requirement to build immediately. Build when you’re ready and select the builder that best fits your vision. CCRs require a minimum 2,500 sq ft residence. When the time comes, the seller does have thoughtfully designed home plans available that may be customized if desired. Enjoy the freedom of acreage living with the convenience of resort-style lake amenities, all less than two hours from DFW.

1397 Canyon Wren South Loop, Graford

$39,500
21160899 MLS
Build your dream home or weekend escape on this beautiful two-acre cul-de-sac homesite in the desirable Hills Above Possum Kingdom Lake. Tucked within a gated northern Hill Country community, this property offers a peaceful, private setting highlighted by gorgeous valley views, serene views of Possum Kingdom Lake, and natural stone-lined trails that wind throughout the property. The upper portion of the lot is relatively flat and provides an ideal building site perfect for a custom home designed to capture lake views, scenic sunsets, and the surrounding Hill Country landscape. Native trees, natural stone, and elevation changes create both character and privacy, offering a truly special homesite for those seeking space and natural beauty. Water and electricity are available at the street, making the property ready for your future plans. There is no requirement to build immediately, allowing you to move at your own pace and select the builder that best fits your vision. CCRs require a minimum 2,500 square foot residence. When the time comes, the seller does have thoughtfully designed home plans available that may be customized if desired. Lot ownership includes access to all neighborhood amenities, including boat storage, a community boat ramp and dock, clubhouse with pool and fitness center, fishing pond, lake access, picnic area with cabin, nature trails, and more than 20 miles of private gated roads, providing the perfect balance of lake recreation and quiet country living. Enjoy the freedom of acreage living with resort-style amenities, breathtaking scenery, and the relaxed Possum Kingdom Lake lifestyle, all less than two hours from the DFW Metroplex.

1076 Enchanted Rock Ct, Graford

$429,000
2 Beds 3 Baths 21156971 MLS
Located on the highly preferred Peninsula section of Possum Kingdom Lake, this nearly new cabin offers a serene escape for a vacation stay at the lake, a second home, a primary residence away from the hustle and bustle of the city, or an income producing investment property. The open-concept main floor features a spacious living area with a great view and cozy fireplace, dining space, and kitchen with modern amenities. Upstairs offers two bedrooms and two full baths. Everything you need is here - fully furnished and well appointed with bedding, decor, and kitchen tools - just bring your personals and make it yours! The covered back deck and wrap-around porch expand your entertaining space for outdoor gatherings with a view of the lake, or enjoy a peaceful cup of coffee as you start your day watching the local waterfowl and the occasional deer wandering nearby. Community amenities include an outdoor fire pit and pool with cabana just a few steps off the deck of this cabin. Less than two hours from the DFW metro area, this is an ideal opportunity for both relaxation and rental income, and you'll be just a few minutes from local dining, entertainment, shopping, banking, churches and medical care. For those looking to keep a boat in the water, the seller will consider throwing in a one year boat slip lease at one of the nearby Marinas!

1525 Madams Rd Unit C, Possum Kingdom Lake

$550,000
21146705 MLS
11060 SH 254 - Graford, Texas 59.724± Acres - Palo Pinto County This 59.724± acre ranch offers a turnkey opportunity to own a well-located recreational and weekend property in the heart of North Texas ranch country. Situated along State Highway 254 near Graford, the property features excellent access through a gated entrance with an electronic opener, providing both privacy and convenience. Land Characteristics: The land is characterized by rolling terrain with native grasses, scattered brush, and hardwood cover, creating an ideal habitat for wildlife. The ranch supports populations of whitetail deer and hogs, along with the occasional turkey, dove, and other small game, making it well-suited for hunting and outdoor recreation. A small pond adds both aesthetic appeal and a dependable water source for wildlife. Improvements: A well-built gravel road gives you access to the improvements, which include: A pavilion large enough to accommodate an RV or store any equipment. Water well (with reverse osmosis system). Electricity service with RV hookups. The footprint and rough plumbing have been installed for a barndominium. Plans available on request. The perimeter is fenced with five strand barbed-wire and is in excellent condition. Location & Distances: Fort Worth: approximately 95± miles DFW International Airport: approximately 115± miles Possum Kingdom Lake: approximately 10± miles Conveniently located within easy reach of Graford, Possum Kingdom Lake, and the Dallas–Fort Worth Metroplex Oil and Gas: Surface estate only. No minerals convey. One well that is fenced off is located on the NW corner of the property. Well has its own entrance. No pipelines If you are looking for a recreational retreat, hunting property, or long-term land investment, this ranch offers the essential elements buyers seek—location, utilities, access, and wildlife.

11060 254th Hwy, Graford

$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

$45,000
21136483 MLS
Discover the perfect blend of peace, privacy and natural beauty on this exceptional 2 acre lot in the sought after gated community, The Hills Above Possum Kingdom. Gently elevated to allow for views, this property offers sweeping views and is ideal for a custom home or vacation retreat. The property is surrounded by the calm, scenic charm of The Hills and provides an opportunity to enjoy rural tranquility with convenient access to the Lake and community amenities and activities. Whether you envision yourself floating on the Lake, sipping a beverage on your front porch while watching amazing sunsets or enjoy the stars under the big open sky, this property delivers the space, serenity and setting you've been searching for! The community amenities include a Clubhouse, complete with full kitchen, game room and workout room and an amazing infinity edge pool overlooking the lake from high above. Also included is a cozy waterfront cabin with full kitchen, BBQ, boat ramp and dock. Don't miss this chance to own a piece of paradise in The Hills!

Lot 518R-A Canyon Wren Loop, Graford

$1,875,000
21127467 MLS
89+ Acre Multifunction Ranch offers a rare blend of natural beauty, modern comfort, rich history and true Texas charm. Owned and lovingly maintained by the same family for 20+ years, the property is ideal as a weekend escape, permanent residence, working ranch, or dedicated hunting retreat. A well-appointed two-bedroom, one-bath barndo, serves as a comfortable turnkey residence. The home features granite countertops, modern appliances and an open layout. The back porch—with its antique wood stove creates the perfect gathering place for relaxing evenings, starlit conversations or warming up beside a crackling campfire. The ranch is thoughtfully improved with infrastructure that supports livestock, recreation, and ranch operations, including: Multiple livestock sheds, Large pole barn for equipment storage, Fully enclosed work barn, Aviary for chickens or other fowl, Goat-proof perimeter and cross fencing. Buried freight container serving as a storm shelter. Reliable water well with lines distributed throughout the ranch. Land, Water & Wildlife. Heavily wooded with a variety of hardwoods, dramatic elevation changes, and open meadows create a ranch landscape far larger in feel than its acreage suggests. Numerous dirt and rock roads thread through the property, opening access to every corner. A crystal-clear, year-round tank—stocked with large bass and perch and equipped with an aerator—provides a stunning focal point as well as dependable water for wildlife and livestock. The ranch is a haven for wildlife, offering exceptional hunting opportunities for deer, turkey, dove, ducks, hogs, and varmints. A 100-yard rifle range further enhances its hunting amenities. Adding uniqueness and undeniable charm, portions of the historic Weatherford, Mineral Wells & Northwestern Railway once traversed this ranch. Remnants of the old railroad and the impressive rock bridge built in 1907 still stand as landmarks providing a tangible connection to Texas’ early boomtown history.

2946 Fm 52, Oran

$160,000
21130054 MLS
Discover an exceptional opportunity to own 6.339 acres in the scenic Sierra Vista Ranch, one of the few lots that backs up directly to Palo Pinto Creek! Enjoy breathtaking panoramic views across rolling hills and lush countryside, teeming with deer and other wildlife. Barndominiums are allowed, making this an ideal setting to build your dream home with plenty of privacy and wide-open skies. Choose your own builder! This property combines rural tranquility with convenient access, just 53 miles from Fort Worth and a short drive to nearby towns including Weatherford, Granbury, Stephenville, and Mineral Wells. Experience the best of country living within reach of city amenities! An additional 6.339 acres is available next door. MLS#21130045

Tbd Mason, Santo

$1,875,000
2 Beds 1 Baths 21127478 MLS
89+ Acre Multifunction Ranch offers a rare blend of natural beauty, modern comfort, rich history and true Texas charm. Owned and lovingly maintained by the same family for 20+ years, the property is ideal as a weekend escape, permanent residence, working ranch, or dedicated hunting retreat. A well-appointed two-bedroom, one-bath barndo, serves as a comfortable turnkey residence. The home features granite countertops, modern appliances and an open layout. The back porch, with its antique wood stove creates the perfect gathering place for relaxing evenings, starlit conversations or warming up beside a crackling campfire. The ranch is thoughtfully improved with infrastructure that supports livestock, recreation, and ranch operations, including: Multiple livestock sheds, Large pole barn for equipment storage, Fully enclosed work barn, Aviary for chickens or other fowl, Goat-proof perimeter and cross fencing. Buried freight container serving as a storm shelter. Reliable water well with lines distributed throughout the ranch. Land, Water & Wildlife. Heavily wooded with a variety of hardwoods, dramatic elevation changes, and open meadows create a ranch landscape far larger in feel than its acreage suggests. Numerous dirt and rock roads thread through the property, opening access to every corner. A crystal-clear, year-round tank—stocked with large bass and perch and equipped with an aerator—provides a stunning focal point as well as dependable water for wildlife and livestock. The ranch is a haven for wildlife, offering exceptional hunting opportunities for deer, turkey, dove, ducks, hogs, and varmints. A 100-yard rifle range further enhances its hunting amenities. Adding uniqueness and undeniable charm, portions of the historic Weatherford, Mineral Wells & Northwestern Railway once traversed this ranch. Remnants of the old railroad and the impressive rock bridge built in 1907 still stand as landmarks providing a tangible connection to Texas’ early boomtown history.

2946 Fm 52, Graford

$340,000
3 Beds 1 Baths 21105721 MLS
WATERFRONT! Dragonfly Cottage offers deeded waterfront on Rock Creek at Possum Kingdom Lake with no HOA and no known restrictions against short-term rentals, including Airbnb and VRBO. Conveniently located approximately 12 minutes from Rocker B Ranch Baseball & Softball Complex, this property is well-positioned for personal enjoyment, a weekend retreat, full-time living, or future short-term rental opportunities. This 3-bedroom, 1-bath waterfront retreat offers approximately 1,268 square feet on 0.46 acres and is ideal as a full-time residence, weekend getaway, or potential vacation rental. Located on a stretch of waterfront where neighboring properties are successfully utilized as vacation rentals, this property provides flexibility for personal enjoyment or future income potential. Relax on the covered patio overlooking calm, protected waters, or take a short walk to the private dock, approximately 3 years old. Enjoy fishing, kayak-friendly waters, swimming, and easy access for pontoon and bass boats. The quiet cove setting offers a peaceful waterfront experience away from heavier lake traffic while still enjoying all that Possum Kingdom Lake has to offer. Recent improvements include energy-efficient mini-split systems installed two years ago, an updated electrical panel, and improved plumbing to the water heater. The home is all-electric, features a metal roof, and includes a storage building for lake equipment. Whether you're looking for a waterfront home, family lake retreat, or a property with short-term rental potential, Dragonfly Cottage offers a rare opportunity to own deeded waterfront on Possum Kingdom Lake.

9051 Lacy Rd, Graford

$175,000
21044268 MLS
This just under one acre lot at Possum Kingdom Lake gives you one of the most iconic views around with a perfect angle looking straight at the back of Hells Gate. Not only do you get the views but you also have direct access to the waterline, making it easy to enjoy all the lake has to offer. The property is located in a gated community with top notch amenities that add to the lake life experience. You can cool off at the community pool, launch from the marina, or saddle up at the horse facilities. Tennis courts and a general store are right inside the neighborhood along with a pavilion for gatherings. Whether you are looking to build a weekend retreat, a short term rental or a full time lake home, this property is a rare find with views, water access, and a community built for relaxation and recreation.

7084 Hells Gate Loop, Strawn

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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