Skip to content
1 / 25View 25 photos

4551 FM 1148

Possum Kingdom Lake, TX 76450

Listing courtesy of Ava Fernandez, Smart Realty

$799,000
Active
Beds
3
Baths
2
Sqft
2,194
Year Built
1986

About this home

The price changed just in time for summer, but the million-dollar lake views didn’t! Waterfront home on Possum Kingdom Lake with a 2-story dock! Designed for making memories, this lakefront retreat located on the sought-after West Side of Possum Kingdom Lake features a large dock ready to hold your lake toys, a gentle beach entry, and beautiful lake views. The home offers a large lakeside entertaining room, multiple patios, and a fully fenced yard for ultimate privacy. Enjoy a spacious grassy yard, covered parking, air-conditioned storage shed, and ample concrete parking for boats or RVs. Conveniently located 15 minutes from the charming town of Graham, with restaurants and amenities around the corner. Upgraded throughout, sold fully furnished, and approved for short-term rentals — this lake retreat is perfect for entertaining, relaxing, or generating income. Motivated seller! Your summer 2026 could be spent here! Sunsets, boating, and lake life included.

Schools

Elementary
Graford
Middle
Graford
High
Graford

School assignments per NTREIS. Confirm current attendance zones with the district before relying on them.

Property details

MLS #
21269990
Property Type
Residential
Status
Active
County
Palo Pinto
Subdivision
West Side
Lot Size
20,647.44 sqft
HOA Dues
None
Days on Market
191 days
Listed
May 13, 2026
Price per Sqft
$364

Estimate your monthly payment

Estimate only, not a loan offer. Taxes, insurance, and HOA are approximate.

$5,684/mo
Principal & interest
$4,253
Property taxes (est.)
$1,198
Homeowner's insurance (est.)
$233

Based on a 30-year fixed loan. Talk to a lender for an accurate quote.

IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed accurate by the MLS.

Listing data via NTREIS · Data refreshed May 13, 2026