About this home

Discover the perfect opportunity to own a true walk-out waterfront retreat in the highly sought-after Gaines Bend community on Possum Kingdom Lake. Nestled in a peaceful, scenic cove, very short distance from the main body of PK, this property offers the kind of lake living people dream about-calm waters, stunning views, and direct access right from your backyard. It's a must see! The main home offers solid bones and tons of potential. It's ready for someone with vision-a little TLC will go a long way in transforming this into the ultimate lake getaway or full-time residence, This 3 bedroom 2 bath house has stunning lake views from the beautiful large windows that wrap the back of the home. With nearly 400 square feet of additional guest-house space, with its own private bathroom, you'll have room for friends, family, or even a private retreat of your own. Step outside and enjoy your very own boat ramp as well as a 24x32 single-slip dock, complete with HydroPort lifts for up to four jet skis, making it effortless to spend your days on the water. Whether you're boating, swimming, or simply relaxing on the dock, this cove setting delivers the ideal blend of privacy and beauty. Between the unbeatable location, walk-out water access, guest house and valuable dock setup, this property is priced to sell and ready for its next chapter. Opportunities like this in Gaines Bend don't come around often. This home won't last and is priced to sell, being sold as-is, contact agent for more details.

Facts and features

Schools

• Palo Pinto Elementary School

  elementary · K-6 · 11.5 mi

  10

Price history

• Sep 28, 2026 · Price Changed$1,579,774
• Aug 12, 2026 · Price Changed$1,700,000
• Jul 3, 2026 · Listed$1,800,000
• Jul 11, 2015 · Sold—
• May 21, 2015 · Listed$639,000
• Dec 8, 2014 · Listing Removed$639,000
• Apr 9, 2014 · Price Changed$639,000
• Nov 5, 2013 · Price Changed$669,000

Tax history

• 2026$23,055 tax · $1,799,430 assessed
• 2025$19,965 tax · $1,506,700 assessed
• 2023$16,898 tax · $1,246,350 assessed
• 2022$19,095 tax · $1,246,350 assessed
• 2021$14,403 tax · $821,830 assessed
• 2020$11,926 tax · $648,220 assessed
• 2019$10,561 tax · $566,860 assessed
• 2018$12,235 tax · $647,810 assessed

Home value

$1,575,276

• Quantarium$1,575,276
• Collateral Analytics$1,683,000
• Cotality$1,470,200

Where it is