Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1131 Panorama Way Graford, TX 76449

    View on Map
    New
    For Sale
    $950,000

    Unimproved Land - Graford, TX

    Type:Unimproved Land
    Lot size:
    1.89 Acres
    Added:
    Mar 31, 2026
    Days on Market:
    2
    Last Refresh:
    Apr 1 at 12:06 pm

    Property Features for 1131 Panorama Way

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    24321
    Lot size
    1.89 Acres

    Taxes and HOA fees

    Expense value
    6850
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Annually

    Utilities

    Water front features
    Lake Front, Waterfront
    Water front
    1

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Perla Roque

    Listing agent Perla Roque License #0775511

    Listing office Monument Realty 1 Cowboys Way, Ste 571, Frisco, TX

    Listing date Mar 31, 2026

    MLS# 21224048 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 Waterfront Homesite

    This 1.88-acre waterfront lot is located in The Ranch community at Possum Kingdom Lake. The property offers unobstructed lake views and a canopy of mature live oaks and native trees. Residents of The Ranch have access to a waterfront complex featuring a pool, multiple hot tubs, and a clubhouse. Additional amenities include a private boat ramp, courtesy slips, tennis courts, sand volleyball, a baseball field, and a fitness center. The community also offers an equestrian center, riding and ATV trails, and over 1,100 acres of shared common area. Unique features include a lakeside skeet range, a meditation chapel, and a lighted cross atop the mountain. This homesite is intended for building a lakefront retreat.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Waterfront Land

    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

    Nearby Similar for Sale

    • $175,000

      Possum Kingdom Lake Land Opportunity

      Unimproved land near Possum Kingdom Lake with business potential.
      303 N Fm 2353, Possum Kingdom Lake, TX 76449
      View Details
    • $450,000

      Improved Land Near Possum Kingdom

      Almost one acre with utilities near Possum Kingdom Lake.
      739 Sg Lane, Graford, TX 76449
      View Details
    • $1,700,000
      4,085 SF

      Possum Kingdom Lake Ranch Oasis

      Upscale log home on 13 acres near Possum Kingdom Lake.
      1040 Enchanted Rock Court, Possum Kingdom Lake, TX 76449
      View Details
    • $435,000

      Possum Kingdom Lake Double Homesite

      Premium double lot with site work completed, overlooking golf course.
      223 Oak Tree Drive, Possum Kingdom Lake, TX 76449
      View Details
    • $399,000

      PK Lake Waterfront Lot

      Half-acre waterfront lot on PK Lake with private dock.
      1131 Brackeen Drive, Graford, TX 76449
      View Details
    • $745,000

      Possum Kingdom Lake View Lot

      0.585-acre homesite with panoramic lake views in Graford, TX.
      Lot 5 E Hells Gate Drive, Graford, TX 76449
      View Details
    • $57,400

      Cleared Land Near Possum Kingdom

      Two-acre lot ready for building near Possum Kingdom Lake.
      1417 Evening Primrose Drive, Graford, TX 76449
      View Details
    • $750,000

      Lakefront Land with Dock Potential

      1.52 acres in Graford, TX with lake views.
      125 Broadmoor Court, Graford, TX 76449
      View Details
    • $309,900

      Possum Kingdom Lake View Homesite

      Exceptional homesite with panoramic lake views in The Cliffs Resort.
      Lot 24 Clubhouse Drive, Graford, TX 76449
      View Details
    • $15,000

      Land in The Cliffs Resort

      Quarter-acre lot with resort amenities at Possum Kingdom Lake.
      Lot 11 Shoal Creek Court, Possum Kingdom Lake, TX 76449
      View Details
    • $535,000

      Possum Kingdom Lake Cliffside Lot

      Premium lot with panoramic views of Hells Gate Cove.
      Lot 285 E Hells Gate Drive, Possum Kingdom Lake, TX 76449
      View Details
    • $306,900

      Possum Kingdom Lake View Homesite

      Exceptional homesite with panoramic lake views in The Cliffs Resort.
      Lot 23 Clubhouse Drive, Graford, TX 76449
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - 1.88-acre waterfront lot with lake views and resort-style amenities.
    Where is this waterfront land located?
    The property is located at 1131 Panorama Way Graford, TX.
    What is the asking price?
    The asking price for this property is $950,000.
    What are key features of this property?
    This property features: 1.88‑acre waterfront lot with expansive, unobstructed lake views; Resort‑style amenities including a waterfront complex with pool, multiple hot tubs, and clubhouse; Private boat ramp and courtesy slips for convenient lake access
    (214) 705-7827
    We can help!
    Listing Contact
    Perla Roque
    Real Estate License ID: 0775511
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!