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    1040 Enchanted Rock Court Graford, TX 76449

    View on Map
    For Sale
    $1,700,000

    Craftsman, Farm/Ranch - Possum Kingdom Lake, TX

    Type:Farm
    Property size:
    4,085 SF
    Lot size:
    13.10 Acres
    Added:
    Mar 10, 2026
    Days on Market:
    23
    Last Refresh:
    Apr 1 at 2:06 pm

    Property Features for 1040 Enchanted Rock Court

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Bedrooms
    5
    Bathrooms
    6
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Parking features
    Carport, Driveway, Garage, Gated, Golf Cart, Parking Lot
    Patio and Porch features
    Patio, Porch
    Interior features
    Built-in Features, Cable Tv Available, Decorative Lighting, Double Vanity, Eat-in Kitchen, Granite Counters, High Speed Internet Available, Kitchen Island, Natural Woodwork, Open Floorplan, Vaulted Ceiling(s), Walk-in Closet(s)
    Exterior features
    Covered Patio/Porch, Fire Pit, Rain Gutters, Playground, Rain Barrel/Cistern(s), Rv/Boat Parking, Stable/Barn, Fence
    Fencing
    Fenced
    Fireplace
    1
    Appliances
    Cooktop, Cooktop - Gas, Dishwasher, Dryer, Garbage Disposer, Microwave, Oven - Convection, Oven - Double, Washer
    Standard status
    Active
    APN
    35496
    Size
    4,085 SF
    Lot size
    13.10 Acres

    Taxes and HOA fees

    Expense value
    950
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Annually

    Utilities

    Utilities
    Cable Available
    Heating system
    Active Solar, Central, Electric (Heating), Fireplace(s), Heat Pump (Heating), Propane (Heating), Solar (Heating), Zoned (Heating)
    Cooling system
    Ceiling Fan(s), Central Air, ENERGY STAR Qualified Equipment, Heat Pump, Multi Units, Zoned

    Building Details

    Year built
    2012
    Floors in Building
    2
    Flooring type
    Carpet, Vinyl
    Building materials
    Log, Stone
    Roof type
    Metal
    Architectural style
    Craftsman
    Additional Structures
    Barn(s), RV/Boat Storage, Stable(s)

    We can help!

    Listing Contact
    Sabrina Sparkman

    Listing agent Sabrina Sparkman License #0650731

    Listing office Coldwell Banker Realty 850 East State Hwy 114, Dallas, TX

    Listing date Mar 10, 2026

    MLS# 21194278 Listing URL

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Possum Kingdom Lake Ranch Oasis

    This property features an upscale mountain spruce log home and a matching accessory barn on 13 acres in a tranquil ranchette setting near Possum Kingdom Lake. The home includes vaulted ceilings with structural trusses, open concept living areas, and a wrap-around porch. Interior features consist of a hand-carved spruce staircase, aspen walls, tongue and groove blue pine ceilings, and knotty alder handmade cabinets in the kitchen and bathrooms. Travertine stone flooring is present in the main living areas. The perimeter of the 13-acre property is fenced with pipe and cattleguard. Energy-efficient features include eight solar panels, a 35 ft tall wind turbine, metal roofing, 8-inch thick logs, and 12-inch spray foam insulation. Self-sufficient elements include a 17 KW generator, two water tanks, a large chicken coop, and a fenced garden. Twelve acres are currently AG EXEMPT and have three separate pastures. The barn includes an upstairs apartment with a bedroom, full bath, kitchen, dining area, and washer and dryer hook-up, plus two animal stalls and a downstairs living area. A pond with a metal-framed dock and Trex boards provides a serene area for animals and sunset views. A fire pit faces west for enjoying sunsets and dark skies. Community amenities include a clubhouse with a fitness center and an infinity swimming pool overlooking the lake, plus a community lake cabin with a dock and watercraft launch. The property is currently home to boar goats, chickens, and donkeys. The property size is 4085 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Sabrina Sparkman, Realtor ... Real Estate Agency

    Suggested Use

    Restaurant Auto Repair Shop Hotel & Motel Department Store HVAC Service Grocery & Convenience Store Wine and Liquor Store Car Rental Facility Restaurant Florist

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Graford
    County
    Palo Pinto
    State
    Texas
    Longitude
    -98.2671
    Latitude
    32.9289

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    FAQs

    What type of property is this?
    Ranch - Upscale log home on 13 acres near Possum Kingdom Lake.
    Where is this ranch located?
    The property is located at 1040 Enchanted Rock Court Graford, TX.
    What is the asking price?
    The asking price for this property is $1,700,000.
    What are key features of this property?
    This property features: Upscale mountain spruce log home on 13 acres near Possum Kingdom Lake; Energy efficient features: solar panels, wind turbine, thick logs, spray foam insulation; Accessory barn with upstairs apartment and downstairs animal stalls
    (817) 329-9005
    We can help!
    Listing Contact
    Sabrina Sparkman
    Real Estate License ID: 0650731
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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