See Home Value
Palo Pinto 76449
71 Water Ridge Dr.
$530,000
● House - Off Market

71 Water Ridge Dr.

Possum Kingdom Lake, TX 76449
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,146 Ft²
$2,756
Est. Monthly
$60
HOA / Fees
5.43%
Cap Rate

About This Property

Welcome to this beautiful 4-bedroom, 2-bathroom home located in the serene and quiet Water Ridge Estates subdivision, just minutes from the stunning Possum Kingdom Lake. This thoughtfully designed home features a sequestered primary suite for added privacy, complete with a spacious en-suite bathroom and a large primary closet that conveniently opens to the utility room.

The open-concept living area seamlessly flows into the kitchen, creating the perfect space for family gatherings and entertaining. The kitchen is highlighted by elegant granite countertops and complemented by beautiful wood-tile floors throughout the home. The cozy corner wood-burning fireplace in the living room adds a warm touch to the ambiance.

Step outside to your expansive, fully fenced backyard, where you'll find a massive covered outdoor kitchen, ideal for entertaining. This outdoor oasis features a Blackstone griddle, a Traeger pellet grill, and a wood-burning fireplace, complete with a TV and a huge island for the ultimate outdoor gathering experience.

Recent updates include a new roof and landscaping, both completed in 2024, enhancing the curb appeal and outdoor living space.

The community amenities offer an exclusive resort-style experience with a sparkling swimming pool and a clubhouse. Just minutes away, residents enjoy private access to the gated Tranquility Cove, where you'll find a boat ramp, boat slips, a playground for the kids, and an RV park for guest accommodations.

This home is the perfect blend of comfort, luxury, and convenience, offering a tranquil retreat just minutes from the lake!
Unit Size
2,146 Ft²
Days on Market
-
Land Size
0.50 acres
Price per sqft
$256
Property Type
House
Property Taxes
-
HOA Dues
$60
Year Built
2021

Payment Calculator

Cap Rate Calculator

Last updated: 2 years ago (NTREIS #20842422)

Price History

Date / Event Date Event Price
May 20, 2025 Sold
Sold
Feb 20, 2025 Listed by Clark Real Estate Group $549,000
Listed by Clark Real Estate Group

Property Highlights

Garage
Air Conditioning
Fireplace

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: 440
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 21,780
  • Lot Size Frontage Feet: 0
  • Total Building Area: 2,146
  • Gross Building Area: 2,146
  • Building Area: 2,146
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 2,146
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WATER RIDGE ESTATES
  • Land Acres: 0000000500
  • Standard Land Use Code: 1001
  • County Land Use Code: A
  • Legal Description 1: WATER RIDGE ESTATES BLK D LOT 9 G#W0500-00-000D0-009-00-0

Neighborhood

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

Geography

  • Account Number: R000566153
  • Parcel: 226290560
  • Block: D
  • Lot: 9
  • Municipality: GRAFORD
  • Latitude: 32.9434
  • Longitude: -98.3998

    Address

  • Full Address: 71 Water Ridge Dr
  • Address - House Number: 71
  • Address - Street Name: Water Ridge
  • Address - Suffix Type: Dr
  • State: TX
  • City Name: Graford
  • Carrier Code: H052
  • 4-Digit Zip Code: 1548
  • Zip Code: 76449

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $540,298
  • Tax Rate Code Area: CAD 182 GR

    Appraisal Valuation

  • Standard Deviation: 0.4348
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 13
  • Final Value: 286,512
  • High Value: 411,091
  • Low Value: 161,932

    Market Valuation

  • Market Total Value: $433,040
  • Market Land Value: $75,000
  • Market Improvement Value: $358,040

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $433,040
  • Assessed Land Value: $75,000
  • Assessed Improvements Value: $358,040

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jan 01, 2022
  • Current Sale Recording Date: Jan 13, 2022
  • Current Sale Price:
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 309
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


Similar Homes for Sale

Currently no similar homes around

Nearby Rentals



Frequently Asked Questions

When was property at 71 Water Ridge Drive built and last sold?
The property at 71 Water Ridge Drive was built in 2021 and last sold on Jan 1, 2022 for $458,300.
How much is this home worth?
The estimated value of the home located at 71 Water Ridge Drive is $556,784.
What are some comparable homes to 71 Water Ridge Drive?
There are currently no comparable homes to 71 Water Ridge Drive.