Wake up to dazzling blue waters and own the lake life everyone dreams of with this rare new-construction masterpiece on the exclusive south side of the Peninsula at Possum Kingdom Lake. Perfectly blending high-end design, breathtaking views, and prime investment potential, this custom modern retreat is now underway—crafted by one of PK’s reputable builders in collaboration with renowned Blake Architects.
Positioned to capture sweeping panoramic views over Possum Kingdom’s legendary deep, crystal-clear waters, this striking two-story home features a sophisticated mix of stone, stucco, wood, and brick, accented by bold lines and sleek black windows and doors that frame the lake from nearly every room. With 4,593 sq ft of luxury living (6,221 sq ft under roof), it offers 5 spacious bedrooms, 6 designer bathrooms, and expansive indoor-outdoor spaces built for grand entertaining or quiet lakeside relaxation.
Step out to multiple covered patios and porches that lead to a stunning lakeside pool and spa currently underway, plus a sunken firepit and a fully equipped outdoor kitchen—setting the stage for unforgettable gatherings as the sun sets over the water. A brand-new double-decker dock is also under construction, complete with a 29-foot boat slip and two PWC slips with lifts in some of the clearest, deepest water on PK.
Additional highlights include a two-car garage, concrete drive, and quick boat access to Hell’s Gate, lively waterfront dining, marinas, and all your essentials just minutes away by land.
Possum Kingdom Lake is celebrated for its unmatched beauty, exceptional clarity, and vibrant recreational lifestyle, making it one of Texas’s most coveted lakefront markets. Even better, short-term rentals are allowed in only a few areas—so you can enjoy personal lake living at its finest while also unlocking excellent income potential.
Opportunities like this—brand-new, fully custom construction with commanding views on the Peninsula—are incredibly rare.
New construction
$3,995,000
3061 Park Rd #36, Graford, TX 76449
5beds
4,593sqft
Est.:
Single Family Residence
Built in 2025
0.3 Acres Lot
$-- Zestimate®
$870/sqft
$32/mo HOA
What's special
Double-decker dockOutdoor kitchenPanoramic viewsCommanding viewsBold linesBreathtaking viewsCovered patios and porches
- 260 days |
- 390 |
- 8 |
Zillow last checked: 7 hours ago
Listing updated: March 03, 2026 at 12:42pm
Listed by:
Keith Hanssen 0445901 (940)779-1111,
Possum Kingdom Real Estate 940-779-1111,
Lars Hanssen 0774726 940-521-6449,
Possum Kingdom Real Estate
Source: NTREIS,MLS#: 20981345
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 7
- Full bathrooms: 5
- 1/2 bathrooms: 2
Primary bedroom
- Level: First
- Dimensions: 18 x 15
Bedroom
- Level: First
- Dimensions: 14 x 13
Bedroom
- Level: Second
- Dimensions: 13 x 11
Bedroom
- Level: Second
- Dimensions: 13 x 13
Bedroom
- Level: Second
- Dimensions: 17 x 10
Primary bathroom
- Level: First
- Dimensions: 16 x 10
Dining room
- Level: First
- Dimensions: 20 x 10
Game room
- Level: Second
- Dimensions: 20 x 22
Kitchen
- Features: Breakfast Bar, Eat-in Kitchen, Pantry
- Level: First
- Dimensions: 22 x 10
Living room
- Level: First
- Dimensions: 21 x 20
Loft
- Level: Second
- Dimensions: 16 x 10
Office
- Level: First
- Dimensions: 15 x 14
Heating
- Zoned
Cooling
- Central Air, Zoned
Appliances
- Included: Microwave
- Laundry: Washer Hookup, Electric Dryer Hookup
Features
- Built-in Features, Decorative/Designer Lighting Fixtures, Double Vanity, High Speed Internet, Multiple Staircases, Open Floorplan, Pantry, Smart Home, Walk-In Closet(s), Wired for Sound
- Has basement: No
- Number of fireplaces: 3
- Fireplace features: Other
Interior area
- Total interior livable area: 4,593 sqft
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Additional Parking, Concrete, Driveway, RV Access/Parking
- Attached garage spaces: 2
- Has uncovered spaces: Yes
Features
- Levels: Two
- Stories: 2
- Patio & porch: Deck, Covered
- Exterior features: Dock, Outdoor Kitchen
- Pool features: Pool
- Has spa: Yes
- Spa features: Hot Tub
- On waterfront: Yes
- Waterfront features: Boat Dock/Slip, Lake Front, Waterfront
- Body of water: Possum Kingdom
Lot
- Size: 0.3 Acres
- Features: Level, Waterfront
Details
- Parcel number: 22564
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Contemporary/Modern
- Property subtype: Single Family Residence
Materials
- Rock, Stone, Stucco, Wood Siding
- Foundation: Slab
- Roof: Metal
Condition
- New construction: Yes
- Year built: 2025
Utilities & green energy
- Water: Community/Coop
- Utilities for property: Water Available
Community & HOA
Community
- Features: Boat Facilities, Fishing, Lake, Marina, Restaurant, Trails/Paths
- Subdivision: Peninsula
HOA
- Has HOA: Yes
- Services included: Trash
- HOA fee: $382 annually
- HOA name: Patterson PK Land Partnership
- HOA phone: 817-784-2014
Location
- Region: Graford
Financial & listing details
- Price per square foot: $870/sqft
- Tax assessed value: $545,220
- Annual tax amount: $8,096
- Date on market: 7/3/2025
- Cumulative days on market: 261 days
- Listing terms: Cash,Conventional
- Road surface type: Asphalt
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 7/3/2025 | Listed for sale | $3,995,000$870/sqft |
Source: NTREIS #20981345 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,524 +48.7% | $545,220 -26.9% |
| 2024 | $5,058 +1.8% | $745,820 +3.1% |
| 2023 | $4,967 -22.2% | $723,140 |
| 2022 | $6,386 -3.8% | $723,140 +60% |
| 2021 | $6,639 +1% | $452,040 |
| 2020 | $6,573 +6.6% | $452,040 +31.6% |
| 2019 | $6,167 +13% | $343,480 +19.2% |
| 2018 | $5,455 +1.6% | $288,080 |
| 2017 | $5,371 +0.8% | $288,080 -0.7% |
| 2016 | $5,330 -23.7% | $290,160 +2.6% |
| 2015 | $6,981 | $282,710 -28.6% |
| 2014 | $6,981 | $396,160 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$24,525/mo
Principal & interest
$20232
Property taxes
$4261
HOA Fees
$32
More affordability tools
Climate risks
Neighborhood: 76449
Nearby schools
GreatSchools rating
- 6/10Graford SchoolGrades: PK-12Distance: 13.2 mi
Schools provided by the listing agent
- Elementary: Graford
- Middle: Graford
- High: Palo Pinto
- District: Graford ISD
Source: NTREIS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
Local experts in 76449
- Texas
- Palo Pinto County
- Graford
- 76449
- 3061 Park Rd Unit 36
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