Waterfront Land with Possum Kingdom
For Sale
$199,000
FM 1148, Graham, TX 76450
LAND - Graham, TX
Property SizeContact for details
Lot Size10.50 Acres
Days on Market51
Property Features for FM 1148
General Information
Property type
Land
Property subtype
Other
Zoning description
Unzoned
Vegetation
Brush
Subdivision
AB 420 TR 2-2 SPRR CO
Lot features
Acreage, Interior Lot, Ravine, Rolling Slope, Steep Slope, Few Trees
View
Water
Elementary school
Graford
Middle school
Graford
High school
Graford
Elementary school district
Graford ISD
Middle school district
Graford ISD
High school district
Graford ISD
Directions
From Graham, head south on TX-16. Slight right to stay on FM1287. Turn left on FM 1148, go about 7.5 miles. Look for banner on property. It will be to your left.
Standard status
Active
APN
567072
Lot size
10.50 Acres
Taxes and HOA fees
Tax Description
ACRES: 10.500 AB 420 TR 2-2 SPRR CO G#10420-0
Tax Annual Amount
3535
Legal Description
ACRES: 10.500 AB 420 TR 2-2 SPRR CO G#10420-0
Listing Agency:
Cates & Company
(817) 946-7775
Listed By:
Diane Wallace · License #064986
(817) 946-7775
Added: Jun 15
Changed: Aug 1
Last Checked: Aug 4 at 2:06AM
MLS# 21294714
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.
Investment Insights
Based on property information with market context.
Waterfront land perched above Possum Kingdom Lake offering expansive lake vistas and rolling elevation changes across 10.5 acres. The property’s scenic, rugged terrain supports multiple potential homesites, each positioned to capture long views of the lake and the surrounding Texas landscape.
The site is addressed on FM 1148 in Graham, TX 76450 within Palo Pinto County. A public boat ramp is less than half a mile away, and deep-water access is described as nearby, supporting lake living while maintaining privacy and the sense of open acreage.
With room to plan thoughtfully around the natural contours, this parcel is suited to a custom home, a vacation retreat, or an investment property where lake views and recreational access are key.
The site is addressed on FM 1148 in Graham, TX 76450 within Palo Pinto County. A public boat ramp is less than half a mile away, and deep-water access is described as nearby, supporting lake living while maintaining privacy and the sense of open acreage.
With room to plan thoughtfully around the natural contours, this parcel is suited to a custom home, a vacation retreat, or an investment property where lake views and recreational access are key.
Key Highlights
- 10.5‑acre waterfront land with expansive Possum Kingdom Lake views
- Rolling elevation changes and rugged natural terrain
- Multiple potential homesites positioned for lake views
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
15
Businesses Nearby
Explore this area
Business Placement
Demographics for 76450, TX
13,026
Population
6,238
Households
2.1
Avg Household Size
42
Median Age
25%
College-Educated
89%
High-School Grad
487.4 sq mi
ZIP Area
27
Density / Sq Mi
$67,076
Median Household Income
$40,242
Median Earnings
$957
Median Rent
$187,700
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Waterfront Land - Waterfront land with lake-view homesites near Possum Kingdom Lake and a nearby public boat ramp.
Where is this waterfront land located?
The property is located at FM 1148 Graham, TX.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: 10.5‑acre waterfront land with expansive Possum Kingdom Lake views; Rolling elevation changes and rugged natural terrain; Multiple potential homesites positioned for lake views
