3D tour
$199,000
· 10.50 acre lot
Fm 1148, Graham, TX 76450
Land ·
$1,294/mo est. payment
3D tourFlood factor 1/10
About this home
Perched above the stunning waters of Possum Kingdom Lake, this 10.5-acre hilltop retreat offers some of the most captivating views in the area. Rolling elevation changes, rugged natural beauty, and expansive lake vistas create an extraordinary backdrop for your future custom home, vacation retreat, or investment property. With a public boat ramp less than half a mile away and deep-water access nearby, you'll enjoy the best of lake living while maintaining the privacy and serenity that only acreage can provide. Explore the property's scenic terrain, abundant wildlife, and multiple potential homesites, each showcasing breathtaking views of Possum Kingdom Lake and the surrounding Texas landscape. A rare opportunity to own a premier piece of lake-view acreage in one of North Texas' most sought-after recreational destinations.
Facts and features
Land Info
- Land Lease: No
- Lot Description: Acreage, Interior Lot, Ravine, Rolling Slope, Steep Slope, Few Trees
- Lot Size Acres: 10.5
- Topography: Hill, Rough
- Vegetation: Brush
- Lot Size Square Feet: 457380
Exterior and Lot Features
- Road Frontage Type: County Road, All Weather Road
- Road Surface Type: Asphalt
Home Features
- View: Water
Homeowners Association
- Association: No
- Calculated Total Monthly Association Fees: 0
School Information
- Elementary School: Graford
- High School: Graford
- Middle School: Graford
Other Property Info
- Source Listing Status: Active
- County: Palo Pinto
- Current Use: Recreational
- Directions: From Graham, head south on TX-16. Slight right to stay on FM1287. Turn left on FM 1148, go about 7.5 miles. Look for banner on property. It will be to your left.
- Restrictions: No Restrictions
- Source Property Type: Land
- Possible Use: Residential, Recreational, Single Family
- Source Neighborhood: AB 420 TR 2-2 SPRR CO
Utilities
- Electricity available
Schools
- 6
Graford School
elementary · K-12 · 14.5 mi
Price history
- Jun 15, 2026 · Listed$199,000
- Jan 7, 2026 · Listing Removed—
- Aug 30, 2025 · Price Changed$224,900
- Jun 25, 2025 · Listed$249,900
Tax history
- 2026$3,391 tax · $241,500 assessed
- 2025$3,534 tax · $241,500 assessed
- 2023$3,254 tax · $220,500 assessed
- 2022$3,398 tax · $220,500 assessed
Where it is
Listed by Diane Wallace · Cates & Company · NTREIS
