Tucked into a quiet, protected cove at the approach to Hell’s Gate, this nearly one-acre Gaines Bend property offers expansive water views, calm no-wake water, and one of the most recognizable locations on Possum Kingdom Lake. The 3-bedroom, 3-bath home is positioned to capture sweeping sunset views while enjoying the privacy of a protected cove just outside the activity of Hell’s Gate. From its elevated setting, you can watch fireworks light up the sky overhead — close enough to enjoy the show, yet removed from the congestion and heavy boat traffic. Designed for gathering and easy lake living, the home opens to layered composite decks that create multiple outdoor living zones. A covered patio with fireplace, grilling station, and open-air lounge areas overlook the water, while a lakeside tiki retreat provides a tucked-away perch near the shoreline. Inside, the layout is comfortable and functional, offering flexibility for weekend guests or full-time lake living. A stone retaining wall and stairway lead to a private dock with boat lift in approximately 12 feet of water at full pool. The nearly one-acre setting provides uncommon elbow room in Gaines Bend — space for lake toys, gatherings, and future personalization. Whether envisioned as a weekend escape or full-time lake residence, this property offers the rare balance of protected water, iconic proximity, and room to make it your own.
For sale
$1,495,000
1002 Cedar Dr, Graford, TX 76449
3beds
2,199sqft
Est.:
Single Family Residence
Built in 2012
0.92 Acres Lot
$-- Zestimate®
$680/sqft
$83/mo HOA
What's special
Calm no-wake waterMultiple outdoor living zonesElevated settingLayered composite decksCovered patio with fireplaceExpansive water viewsGrilling station
- 3 days |
- 376 |
- 9 |
Zillow last checked: 8 hours ago
Listing updated: February 28, 2026 at 06:10pm
Listed by:
Jackie Fewell 0613028 9404457622,
Berkshire HathawayHS Pondera 940-779-2600
Source: NTREIS,MLS#: 21193524
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 3
Primary bedroom
- Features: Ceiling Fan(s)
- Level: First
- Dimensions: 0 x 0
Living room
- Features: Ceiling Fan(s)
- Level: First
- Dimensions: 0 x 0
Heating
- Central, Electric, Fireplace(s)
Cooling
- Central Air, Ceiling Fan(s), Electric
Appliances
- Included: Dishwasher, Electric Range, Electric Water Heater, Refrigerator
- Laundry: Washer Hookup, Electric Dryer Hookup, Laundry in Utility Room
Features
- Cathedral Ceiling(s), Double Vanity, High Speed Internet, Kitchen Island, Open Floorplan, Pantry, Vaulted Ceiling(s), Walk-In Closet(s)
- Flooring: Carpet, Ceramic Tile
- Windows: Window Coverings
- Has basement: No
- Number of fireplaces: 1
- Fireplace features: Wood Burning
Interior area
- Total interior livable area: 2,199 sqft
Video & virtual tour
Property
Parking
- Parking features: Additional Parking, Concrete, Driveway, No Garage, Boat, RV Access/Parking
- Has uncovered spaces: Yes
Features
- Levels: One
- Stories: 1
- Patio & porch: Deck
- Exterior features: Boat Slip, Dock, Outdoor Grill
- Pool features: None
- Fencing: None
- Has view: Yes
- View description: Water
- Has water view: Yes
- Water view: Water
- Waterfront features: Boat Dock/Slip, Lake Front, Waterfront
- Body of water: Possum Kingdom
Lot
- Size: 0.92 Acres
- Features: Irregular Lot, Subdivision, Sloped, Waterfront
Details
- Additional structures: Gazebo
- Parcel number: 16521
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch,Detached
- Property subtype: Single Family Residence
Materials
- Foundation: Slab
- Roof: Shingle
Condition
- Year built: 2012
Utilities & green energy
- Sewer: Private Sewer
- Water: Community/Coop
- Utilities for property: Electricity Available, Overhead Utilities, Sewer Available, Separate Meters, Water Available
Community & HOA
Community
- Features: Boat Facilities, Community Mailbox, Gated
- Security: Gated Community
- Subdivision: Gaines Bend
HOA
- Has HOA: Yes
- Services included: All Facilities, Security, Trash
- HOA fee: $1,000 annually
- HOA name: PMI - Metroplex
- HOA phone: 800-310-6552
Location
- Region: Graford
Financial & listing details
- Price per square foot: $680/sqft
- Tax assessed value: $1,383,250
- Annual tax amount: $11,554
- Date on market: 2/28/2026
- Cumulative days on market: 4 days
- Listing terms: Cash,Conventional
- Electric utility on property: Yes
- Road surface type: Asphalt
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 2/28/2026 | Listed for sale | $1,495,000$680/sqft |
Source: NTREIS #21193524 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,240 -4.8% | $1,383,250 +14.3% |
| 2024 | $7,608 +2.1% | $1,209,960 +23.3% |
| 2023 | $7,455 -12.5% | $981,690 +0% |
| 2022 | $8,516 -6.3% | $981,680 +63.8% |
| 2021 | $9,089 0% | $599,320 |
| 2020 | $9,093 +9.1% | $599,320 +15.5% |
| 2019 | $8,334 +0.3% | $519,080 +0.8% |
| 2018 | $8,311 +5.8% | $515,170 +2.3% |
| 2017 | $7,858 -2.9% | $503,410 -4.3% |
| 2016 | $8,091 -9.3% | $526,120 +1.5% |
| 2015 | $8,917 | $518,270 +0.6% |
| 2014 | $8,917 | $515,100 -6.1% |
| 2013 | -- | $548,850 +108.4% |
| 2012 | -- | $263,340 |
| 2011 | -- | $263,340 -36% |
| 2010 | -- | $411,440 +22.6% |
| 2009 | -- | $335,490 +25.7% |
| 2008 | -- | $266,800 |
| 2007 | -- | -- |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$9,090/mo
Principal & interest
$7412
Property taxes
$1595
HOA Fees
$83
Climate risks
Neighborhood: 76449
Nearby schools
GreatSchools rating
- 9/10Palo Pinto Elementary SchoolGrades: PK-6Distance: 11 mi
- 6/10Graford SchoolGrades: PK-12Distance: 13.4 mi
Schools provided by the listing agent
- Elementary: Palo Pinto
- Middle: Palo Pinto
- High: Mineral Wells
- District: Palo Pinto ISD
Source: NTREIS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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