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Newest Palo Pinto County Homes For Sale

$2,599,999
6 Beds 7 Baths 21337393 MLS
Brand new luxury waterfront retreat offering the ultimate Possum Kingdom Lake lifestyle with exceptional short-term rental potential. Perfectly positioned on one of the lake's most desirable shorelines, this newly completed barndominium sits on approximately 60 feet of deep, year round water and features a rare maximum sized 2,000 sq. ft. covered dock, creating the perfect setting for boating, fishing, swimming, and unforgettable weekends on the lake. Designed for entertaining, the nearly 5,000 sq. ft. home offers 6 bedrooms, 6 full baths, and 1 half bath with an open concept layout that comfortably accommodates large families, corporate retreats, or vacation guests. The chef's kitchen showcases commercial grade appliances, an oversized island, granite countertops, abundant seating, and flows seamlessly into expansive living and dining areas overlooking the water. Upstairs is an entertainer's dream featuring an enormous game room complete with a full wet bar, pool table, shuffleboard, surround sound wiring, and a massive covered balcony with panoramic lake views. Spacious bedrooms, multiple ensuite baths, smart home technology, luxury vinyl plank flooring, and premium finishes provide comfort for every guest. Outside, enjoy covered patios, outdoor grilling area, fire pit, oversized parking, and direct access to one of Texas premier recreational lakes. Site plan includes location for lakeside swimming pool. So whether you're creating lifelong family memories or building a high performing vacation rental portfolio, this turnkey property delivers both luxury and income potential in one of Possum Kingdom's premier waterfront locations.

4971 Hawk Rd, Possum Kingdom Lake

$1,200,000
21341534 MLS
Exceptional opportunity to own a versatile equestrian or commercial property with outstanding visibility and easy access directly off US Highway 281. Offering excellent curb appeal and designed to accommodate a variety of uses, this property is ideal for horse enthusiasts, business owners, investors, or anyone seeking a highly functional property in a convenient location. The property features a substantial 60' x 100' metal building, providing ample space for equipment storage, workshops, commercial operations, livestock, or indoor equestrian uses. Big rig access from US Highway 281 makes transportation and deliveries simple, adding tremendous value for commercial or agricultural operations. Beautiful pipe and cedar stay fencing enhances both the appearance and functionality of the property, while cross fencing creates multiple pastures for efficient livestock or horse management. The land is highlighted by mature oak trees that provide natural shade and character, along with productive sandy loam soils and healthy native grasses that support grazing and agricultural use. Expansive open pastures offer flexibility for riding, training, livestock, or future improvements while capturing scenic long-range views that showcase the beauty of the surrounding countryside. A water well provides a valuable on-site water source, adding convenience and utility for both agricultural and commercial applications. Whether you're looking to establish an equestrian facility, operate a business with excellent highway exposure, or enjoy a private ranch setting with exceptional accessibility, this property offers endless possibilities. Conveniently located with easy access to surrounding communities, this unique property combines functionality, visibility, and Cutting Horse Capital of the World charm in one remarkable offering. Don't miss the chance to invest in a property that is ready to meet your residential, agricultural, equestrian, or commercial vision.

10670 N Hwy 281, Perrin

$695,000
3 Beds 2 Baths 21338578 MLS
Lakefront Luxury Meets the Ultimate Entertainment Retreat! Experience everything Possum Kingdom Lake has to offer at this exceptional 3-bedroom, 2-bath waterfront retreat, where breathtaking sunsets and unforgettable memories await. Whether you're searching for a full-time lakeside residence, weekend getaway, or a proven income-producing investment, this property delivers it all. The true showstopper is the incredible 1,200 square feet of lakeside outdoor living space, thoughtfully designed for entertaining and relaxation. Host family and friends with a fully equipped outdoor kitchen, gather around the impressive stone fireplace, rinse off in the custom stone outdoor shower, or enjoy game day in the fully enclosed lakeside bar. Just steps away, the beautifully maintained grassy play yard provides the perfect place for kids and pets to enjoy the lakefront lifestyle. At the water's edge, you'll find a recently re-decked and freshly painted swim dock ready for endless days of swimming, fishing, and boating. A custom rock retaining wall with built-in steps into the lake not only adds beauty but also provides valuable shoreline protection from erosion. Inside, you'll find a comfortable and inviting home with 3 bedrooms and 2 bathrooms, making it ideal for hosting family, guests, or vacation renters. Additional features include New metal roof 2023, 2-car carport, 487 sq ft shop with two overhead bay doors, perfect for storing all your lake toys. Directly across from the airport, providing exceptional convenience for weekend travelers and guests. Currently operating as a successful short-term rental, this property offers outstanding investment potential while also serving as the perfect personal lake escape. Home comes fully furnished. Wake up to sparkling water, spend your days enjoying P.K. Lake, and end every evening with some of the most spectacular sunset views on the lake. This is more than a home—it's a lifestyle. Come experience lake living at its finest.

1047 Airport Rd, Graford

$2,997,000
21340461 MLS
Located near Graford in Palo Pinto County, this tract pairs genuine water resources with strong recreational and development appeal. Four (4) wells producing 244,800 gallons per day supply ample water for recreation, residential, or commercial use. Rolling topography delivers elevated, unobstructed views and terrain well suited for estate-lot subdivision or a range of personal and small business uses. Recreation includes deer, turkey, and hogs on site, plus a one (1) acre enclosed food plot. Direct frontage on Highway 52 and quick access to the area’s major thoroughfares keep utilities and services within easy reach while the land itself stays open and private. Water-Secured - Four on-site production wells - reliable feature most area acreage lacks. Four (4) wells, 700 ft deep, 244,800 gallons per day (170 GPM) combined output Elevated Views — Rolling topography creates high points with long, unobstructed views across multiple potential build sites. FM 52 Frontage — Direct frontage on FM 52 offers flexible access, convenient utility connections, and an easy link to the area’s major thoroughfares. Town-Adjacent & Lake-Proximate — Close to Graford and Possum Kingdom Lake, keeping services, schools, and infrastructure within reach while the land stays open and private. Versatile Use — The size, terrain, and access support estate-lot subdivision or a range of personal and small-business uses. House: Three (3) bed, Two (2) bath, 1,120 SF, with a 560 SF Patio Barn: 2,400 SF barn (open on both sides) with two (2) shipping containers for storage High-yield multi-well water asset: Four high-yield wells producing 244,800 gallons per day. Rare land and water combination in Palo Pinto County. Two stock tanks supporting livestock operations and recreational use. Provides drought-resilient water supply. Efficiently delivers water to four separate areas of the property. Capacity to support recreational lakes and intensive irrigation systems. Water! Water! Water!

538 Fm 52, Graford

$1,345,000
4 Beds 4 Baths 21330169 MLS
Some lake homes are built. Others are curated. Built recently and rarely occupied by its out-of-state owners, this exceptional lake resort home offers the feel of new construction with a level of craftsmanship and quality that is immediately apparent. Every finish was thoughtfully selected—from the custom cabinetry, designer lighting, premium flooring, and luxury countertops to the beautifully balanced farmhouse-inspired interiors. The result is warm, timeless, and effortlessly elegant. The well-designed floor plan features four bedrooms, three bathrooms, and two inviting living areas that are equally suited for everyday living or relaxing weekends at Possum Kingdom Lake. Situated on one of The Ranch at Possum Kingdom Lake’s quietest gated streets, the setting is as impressive as the home itself. The front overlooks a peaceful horse pasture where friendly horses often wander to the fence for a carrot, while the private backyard is framed by mature hardwood trees and offers plenty of room to create your own resort-style pool and outdoor retreat. Life at THE RANCH ON POSSUM KINGDOM LAKE extends far beyond your property lines. Behind the guarded entrance lies more than 1,100 acres of private ranchland to explore, along with exceptional amenities including a resort-style pool, equestrian facilities, skeet shooting, private boat ramp, miles of scenic roads and trails, and one of the most secure, private environments at Possum Kingdom Lake. What truly sets this home apart is not just its beauty, but its substance. The quality of construction, attention to detail, and timeless design create a home that will be just as impressive years from now as it is today. If you’ve been searching for exceptional craftsmanship, remarkable privacy, and a luxury lifestyle unlike any other lake community, this home deserves your attention.

1215 Keechi Trl, Possum Kingdom Lake

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