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RARE POSSUM KINGDOM LAKE WATERFRONT OPPORTUNITY! Situated on approximately 1.683 acres with an exceptional amount of shoreline, this unique property offers TWO beautiful 2024 double-wide homes and endless possibilities for a family compound, multi-generational retreat, investment property, or private lake getaway. Both homes feature 3 bedrooms, 2 baths and spacious front porches overlooking the water, with magnificent mature live oak trees providing the perfect setting for relaxing lake days. The larger home offers approximately 1,680 sq ft and is currently owner occupied. The second home offers approximately 1,568 sq ft and is currently operating as a short-term rental, providing an established income-producing opportunity. Furnishings may be available for purchase separately. The pie-shaped property opens to an impressive stretch of waterfront, with a level yard leading directly to the beach and water, ideal for swimming, kayaking, paddleboarding, fishing and enjoying everything PK Lake has to offer. A catwalk and pier extend into the lake for even more waterfront enjoyment. Purchase the entire property for $1,250,000 and create your own private PK family compound with room to explore additional improvements such as another residence, guest accommodations, or a shop for boats, lake toys and recreational equipment, subject to applicable restrictions and approvals. SELLER MAY ALSO CONSIDER SELLING THE HOMES SEPARATELY, with each residence situated on approximately .8 acre, subject to survey, property division, and the installation and separation of utilities and driveway access as necessary. Whether you’re searching for a full-time waterfront home, family lake retreat, STR opportunity, or a property where generations can gather together, this is a rare opportunity to own a substantial piece of Possum Kingdom Lake shoreline.
0 days on market · Listing updated Sep 16, 2026, 9:11 PM CT
Listed by: Diane Wallace, Cates & Company (817) 946-7775
Source: NTREIS · MLS #: 21373407
Facts are from the listing on the NTREIS MLS, shown as provided. Verify anything important to you.
School assignments come from the MLS and can change, so confirm them with the district. For school ratings and accountability reports, see GreatSchools.org and TXschools.gov (Texas Education Agency). Information provided for general reference; buyers should independently verify schools, districts, and community details.
ROCK CREEK PK LAKE subdivision · Graford, TX 76449 · Palo Pinto County
No mapped parks, dining, or shopping within about a mile and a half.
