38
Map
$745,000
●
House -
For Sale
4088 Hells Gate Loop
Possum Kingdom Lake, TX 76475
4 Beds
2 Baths,
1
Half Bath
2,160 Ft²
$3,752
Est. Monthly
$94
HOA / Fees
About This Property
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.
Unit Size
2,160 Ft²
Days on Market
-
Land Size
1.91 acres
Price per sqft
$345
Property Type
House
Property Taxes
-
HOA Dues
$94
Year Built
2014
Listed By
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 4 months ago (NTREIS #21318707)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 3, 2026 | Listed by Possum Kingdom Real Estate | $745,000 | |
| Listed by Possum Kingdom Real Estate | |||
| Oct 1, 2025 | Sold | ||
| Sold | |||
| Sep 1, 2025 | No longer available | - | |
| No longer available | |||
| Aug 25, 2025 | In contract | - | |
| In contract | |||
| Aug 19, 2025 | Listed by Smart Realty | $725,000 | |
| Listed by Smart Realty | |||
| | |||
|
Nestled near the shores of Possum Kingdom Lake on almost 2 acres, this modern 4- bedroom home is your retreat into comfort and leisure. The loft is currently being used as the 4th bedroom and gameroom. Enjoy tranquil evenings, expansive living spaces, and premium amenities, including a luxurious pool and hot tub, an outdoor kitchen and sitting area, a vast enclosed patio, an extensive three-car garage which could also be used to store all of your lake toys, or as shown, a large gameroom for entertaining. With almost two acres of serene landscape, this home promises a lifestyle woven with relaxation and outdoor activities. Sportsmans World amenities include a marina, outdoor live music venue, general store and grill,
tennis courts, community pool, covered pavilion and playground. This home is currently being used as a short-term rental and is being sold fully furnished.
| |||
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Property Highlights
Garage
Air Conditioning
Fireplace
Parking Details
Has Garage
Parking Features: Driveway, Garage, Garage Door Opener, Golf Cart Garage, Paved
Garage Spaces: 3
Interior Details
Half Bathrooms: 1
Full Bathrooms: 2
Interior Features: Granite Counters, Open Floorplan, Vaulted Ceiling(s), High Speed Internet Available
Appliances: Dishwasher, Gas Cooktop, Microwave, Refrigerator
Laundry Features: Utility Room, Full Size W/D Area
Has Fireplace
Fireplace Features: Living Room, Stone, Wood Burning
Fireplaces: 1
Exterior Details
Square Footage: 2160
Architectural Style: Contemporary/Modern
Year Built: 2014
Levels: Two
Other Structures: Garage(s)
Construction Materials: Wood Siding, Rock/Stone
Patio and Porch Features: Covered, Rear Porch, Screened
Pool Features: Gunite, In Ground, Separate Spa/Hot Tub
Pool is Private
Lot Features: Interior Lot, Landscaped, Level
Lot Size Area: 1.91
Lot Size Units: Acres
Lot Size Acres: 1.91
Lot Size Square Feet: 83199.6
Tax Lot: 10R
Utilities Details
Cooling Type: Ceiling Fan(s), Central Air
Heating Type: Central, Fireplace(s)
Location Details
HOA/Condo/Coop Fee Includes: Sewer, Trash, Water, Full Use of Facilities
HOA Fee: $1,125
HOA Fee Frequency: Annually
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Palo Pinto
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Listed by: Jonathan Fowler, Possum Kingdom Real Estate
Last Updated: 4 months ago
Data Source: NTREIS MLS, MLS# 21318707
Details provided by NTREIS and may not match the public record
Last Updated: 4 months ago
Data Source: NTREIS MLS, MLS# 21318707
Details provided by NTREIS and may not match the public record
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