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Palo Pinto 76449
1011 Possum Point
$5,250,000
● House - For Sale

1011 Possum Point

Graford, TX 76449
bedrooms
5 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
5,362 Ft²
$29,333
Est. Monthly
$83
HOA / Fees

About This Property

Perched on a spectacular point at Possum Kingdom Lake, this exceptional waterfront estate offers breathtaking panoramic views and an incredible setting for luxury lake living. Wake to beautiful sunrises from the primary suite and unwind in the evenings as vibrant sunsets illuminate the picturesque cliff wall across the water. Designed for both relaxation and entertaining, this expansive 5 bedroom, 4.5 bath home features soaring vaulted ceilings, walls of windows, and generous living spaces filled with natural light and lake views. At the heart of the home, a massive oversized island creates the perfect gathering place for holidays, celebrations, and unforgettable weekends at the lake. The chef's kitchen features premium Thermador appliances and flows seamlessly into a fully conditioned outdoor kitchen with roll up garage style windows, creating an impressive indoor outdoor entertaining space for year round enjoyment. The luxurious primary suite is a private retreat with a fireplace, expansive walk in closet, and spa inspired bath featuring a large freestanding soaking tub. Upstairs, two guest bedrooms share a spacious living and game room, providing a private and comfortable retreat for family and guests. Outside, enjoy the pool, hot tub, fire pit, and incredible waterfront setting. A whole home generator provides automatic backup power to the entire residence, offering added comfort and peace of mind during power outages. The oversized RV barn offers exceptional storage and exciting expansion potential, with plans already in place to add three additional bedrooms and three bathrooms above. With high end finishes, exceptional entertaining areas, expansive accommodations, and some of the most impressive views on Possum Kingdom Lake, this remarkable estate delivers the ultimate lakefront lifestyle.
Unit Size
5,362 Ft²
Days on Market
-
Land Size
0.35 acres
Price per sqft
$979
Property Type
House
Property Taxes
$3,471
HOA Dues
$83
Year Built
2021

Listed By

Clay Springer
The Brokerage Residential LLC
Bo Bennett
Century 21 Mike Bowman, Inc.

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Last updated: 21 days ago (NTREIS #21385630)

Price History

Date / Event Date Event Price
Sep 8, 2026 Listed by The Brokerage Residential LLC $5,250,000
Listed by The Brokerage Residential LLC

Property Highlights

Fireplace
Garage
Parking Details
Has Garage
Attached Garage
Has Carport
Parking Features: Additional Parking, Attached Carport, Circular Driveway, Concrete, Garage, Porte-Cochere
Garage Spaces: 2
Interior Details
Half Bathrooms: 1
Full Bathrooms: 4
Interior Features: Built-in Features, Cathedral Ceiling(s), Chandelier, Double Vanity, Dry Bar, Eat-in Kitchen, High Speed Internet, Kitchen Island, Open Floorplan, Pantry, Sound System, Vaulted Ceiling(s), Walk-In Closet(s), Decorative Lighting, Flat Screen Wiring
Appliances: Gas Range, Ice Maker, Microwave, Double Oven, Refrigerator, Tankless Water Heater, Vented Exhaust Fan, Washer
Laundry Features: Utility Room, Full Size W/D Area
Has Fireplace
Fireplace Features: Propane
Fireplaces: 2
Exterior Details
Square Footage: 5362
Year Built: 2021
Waterfront Features: Lake Front, Dock – Covered, Lake Front – Main Body
Levels: One and One Half
Pool is Private
Lot Size Area: 0.347
Lot Size Units: Acres
Lot Size Acres: 0.347
Lot Size Square Feet: 15115.32
Tax Lot: 71
Financial Details
Tax Annual Amount: $41,654
Location Details
HOA/Condo/Coop Fee Includes: Maintenance Grounds, Full Use of Facilities, Management Fees
HOA Fee: $1,000
HOA Fee Frequency: Annually

Building Info

Overview

    General

  • Year Built: 2021
  • Effective Year Built: 2021
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 1,864
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,115
  • Lot Size Frontage Feet: 0
  • Total Building Area: 6,305
  • Gross Building Area: 6,305
  • Building Area: 6,305
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 6,305
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GAINES BEND PK LAKE
  • Land Acres: 0000000347
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • Legal Description 1: GAINES BEND PK LAKE BLK 1 LOT 71 DEEDED LAND G#G0050-00-00010-071-00-0

Neighborhood

  • School District Name: Palo Pinto Independent School District
  • School Tax School District: PPI HPD ESD1
  • Census Tract: 000200

Geography

  • Account Number: R000016385
  • Parcel: 124790000
  • Block: 1
  • Lot: 71
  • Municipality: GRAFORD
  • Latitude: 32.8733
  • Longitude: -98.4552

    Address

  • Full Address: 1011 Possum Pt
  • Address - House Number: 1011
  • Address - Street Name: Possum
  • Address - Suffix Type: Pt
  • State: TX
  • City Name: Graford
  • Carrier Code: H051
  • 4-Digit Zip Code: 4600
  • Zip Code: 76449

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,120,383
  • Tax Rate Code Area: CAD 182 PP

    Appraisal Valuation

  • Standard Deviation: 0.2715
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 61
  • Final Value: 2,646,321
  • High Value: 3,364,803
  • Low Value: 1,927,839

    Market Valuation

  • Market Total Value: $2,645,730
  • Market Land Value: $302,300
  • Market Improvement Value: $2,343,430

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,645,730
  • Assessed Land Value: $302,300
  • Assessed Improvements Value: $2,343,430

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 07, 2018
  • Current Sale Recording Date: Sep 11, 2018
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2018-00004769
  • Previous Sale Recording Date: May 11, 2005
  • Previous Sale Contract Date: Apr 26, 2005
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Palo Pinto


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Frequently Asked Questions

When was property at 1011 Possum Point built and last sold?
The property at 1011 Possum Point was built in 2021 and last sold on Sep 7, 2018 for $0.
How much is this home worth?
The estimated value of the home located at 1011 Possum Point is $5,302,500.
What are some comparable homes to 1011 Possum Point?
There are currently no comparable homes to 1011 Possum Point.