See Home Value
Palo Pinto 76449
3061 Park Road 36
$3,750,000
● House - Off Market

3061 Park Road 36

Possum Kingdom Lake, TX 76449
bedrooms
5 Beds
bathrooms
5 Baths, 2 Half Baths
square feet
4,593 Ft²
$19,648
Est. Monthly
$32
HOA / Fees
0.96%
Cap Rate

About This Property

Watch the Lake Life Video of this lake home... PARKROAD36 DOT COM... Just completed construction MAY 2026 after a year of steady progress, your chance to own THE dream lake life everyone wants is available now with this quality new-masterpiece on the exclusive South side of the Peninsula at Possum Kingdom Lake. BRAND NEW BOAT DOCK JUST INSTALLED. Perfectly blending high-end design, breathtaking views, and prime investment potential. Crafted by one of PK's reputable builders in collaboration with renowned Blake Architects. Positioned to capture sweeping panoramic views over Possum Kingdom's legendary deep, crystal-clear waters, this striking two-story home features a sophisticated mix of stone, stucco, wood, and brick, accented by bold lines and sleek black windows and doors that frame the lake from nearly every room. With 4,593 sq ft of luxury living (6,221 sq ft under roof), it offers 5 spacious bedrooms, 6 designer bathrooms, and expansive indoor-outdoor spaces built for grand entertaining or quiet lakeside relaxation. Step out to multiple covered patios and porches that lead to a stunning lakeside pool and spa, plus a sunken firepit and a fully equipped outdoor kitchen-setting the stage for unforgettable gatherings as the sun sets over the water. A brand-new double-decker dock is also under construction, complete with a 29-foot boat slip, two PWC slips with lifts and rope swing in some of the clearest, deepest water on PK. Quick boat access to Hell's Gate, lively waterfront dining, marinas, and all your essentials just minutes away by land. Possum Kingdom Lake is celebrated for its unmatched beauty, exceptional clarity, and vibrant recreational lifestyle, making it one of Texas's most coveted lakefront markets. Even better, short-term rentals are allowed in only a few areas and this property is in the right place-so you can enjoy personal lake living at its finest while also unlocking excellent income potential.
Unit Size
4,593 Ft²
Days on Market
-
Land Size
0.30 acres
Price per sqft
$870
Property Type
House
Property Taxes
-
HOA Dues
$32
Year Built
1952

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Last updated: 2 months ago (NTREIS #20981345)

Price History

Date / Event Date Event Price
Aug 20, 2026 Sold
Sold
Aug 10, 2026 In contract -
In contract
Jul 3, 2025 Listed by Possum Kingdom Real Estate $3,995,000
Listed by Possum Kingdom Real Estate

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1952
  • Effective Year Built: 1952
  • 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: 630
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,112
  • Lot Size Frontage Feet: 0
  • Total Building Area: 1,578
  • Gross Building Area: 1,578
  • Building Area: 1,578
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,578
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PK LAKE 3-1-94 5-2-31 AREA 1-27
  • Land Acres: 0000000301
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • Legal Description 1: PK LAKE 3-1-94 5-2-31 AREA 1-27 LOT 4 (FEE SIMPLE .242 AC & FERC .059 AC) G#P0500-00-01270-004-00-0 DOCK #9108/Y

Neighborhood

  • School District Name: Graford Independent School District
  • School Tax School District: GRI HPD ESD1
  • Census Tract: 000100

Geography

  • Account Number: R000022564
  • Parcel: 185720000
  • Lot: 4
  • Municipality: GRAFORD
  • Latitude: 32.8831
  • Longitude: -98.4694

    Address

  • Full Address: 3061 Park Road 36
  • Address - House Number: 3061
  • Address - Street Name: Park Road 36
  • State: TX
  • City Name: Graford
  • Carrier Code: H051
  • 4-Digit Zip Code: 4579
  • Zip Code: 76449

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $496,664
  • Tax Rate Code Area: HPD ESD1 C

    Appraisal Valuation

  • Standard Deviation: 0.4348
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 13
  • Final Value: 527,378
  • High Value: 756,689
  • Low Value: 298,066

    Market Valuation

  • Market Total Value: $723,140
  • Market Land Value: $523,070
  • Market Improvement Value: $200,070

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $723,140
  • Assessed Land Value: $523,070
  • Assessed Improvements Value: $200,070

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Nov 01, 2018
  • Current Sale Recording Date: Nov 20, 2018
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 2018-00006045
  • Previous Sale Recording Date: Dec 05, 2012
  • Previous Sale Contract Date: Nov 30, 2012
  • 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 3061 Park Rd 36 built and last sold?
The property at 3061 Park Rd 36 was built in 1952 and last sold on Nov 1, 2018 for $0.
How much is this home worth?
The estimated value of the home located at 3061 Park Rd 36 is $4,034,950.
What are some comparable homes to 3061 Park Rd 36?
There are currently no comparable homes to 3061 Park Rd 36.