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    Waterfront Homesite with Golf Views Title is generated by Realmo AI

    45 Oak Tree Drive, Graford, TX 76449

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    Claim this Listing
    For Sale
    $75,000

    LAND - Graford, TX

    Lot size:
    0.26 Acres
    Added:
    Mar 14, 2026
    Days on Market:
    84
    Last Refresh:
    Jun 5 at 2:06 pm

    Property Features for 45 Oak Tree Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Parking features
    RV
    Vegetation
    Wooded, Brush
    Standard status
    Active
    APN
    12304
    Lot size
    0.26 Acres

    Taxes and HOA fees

    Tax Description
    Acres: 0.259, CLIFFS PHASE I LOT 194 G#C0250-01-01

    Utilities

    Sewer type
    Private Sewer
    Water source
    Private

    We can help!

    Listing Contact
    Stephanie Evans

    Listing agent Stephanie Evans License #0757788

    Listing office United Real Estate DFW Grapevine, TX

    Listing date Mar 14, 2026

    MLS# 21154701 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.

    HighLights

    • Homesite located on Green #5 of the Cliffs Golf Course with fairway views
    • Ownership includes access to community amenities plus 36 rounds of golf annually (18 every six months)
    • Private, gated community amenities include marina with boat ramp, tennis courts, swimming pool, fitness center, park, and playground
    • Utilities include private water and private sewer
    • RV parking available
    • Build timing is flexible—no requirement to build immediately

    Overview

    This homesite is located within The Cliffs at Possum Kingdom Lake, offering a naturally scenic setting and front-row golf-course views from Green #5. Ownership includes access to community amenities plus 36 rounds of golf annually, with 18 rounds provided every six months. The seller notes there is no requirement to build immediately, and there are thoughtfully designed home plans available that may be customized when you’re ready to start construction.

    The community is private and gated, designed around a lake-and-lifestyle experience. Residents enjoy a marina with a boat ramp, along with tennis courts, a swimming pool, a fitness center, and park and playground areas. The location is described as less than two hours from DFW, balancing convenient access with a more relaxed, country setting.

    For buyers seeking a lifestyle-focused homesite rather than a quick-build timeline, this parcel supports thoughtful planning and custom execution. The combination of waterfront recreation, on-site amenities, and included golf rounds makes it a strong fit for primary residents or weekend retreat owners looking to enjoy Possum Kingdom Lake at their pace.
    Property Profile Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Restaurant Spa & Massage Center Gym & Fitness Center Hotel & Motel Bed & Breakfast

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

    Location Insight

    • Map
    • Local Demand
    City
    Graford
    County
    Palo Pinto
    State
    Texas
    Longitude
    -98.427276
    Latitude
    32.852141

    Nearby Similar for Sale

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    • $950,000

      Waterfront Land Homesite

      Lakefront land with mature trees and expansive views, offering a rare canvas for a private retreat at Possum Kingdom Lake.
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    • $875,000

      Waterfront Trail Ridge Homesite

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    • $425,000

      Prepped Double Golf Course Homesite

      A rare double lot with substantial site prep and utilities in place, ready for a custom build within a resort community.
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    FAQs

    What type of property is this?
    Waterfront Land - Build when ready on a gated lake community homesite with golf-course views and access to resort amenities.
    Where is this waterfront land located?
    The property is located at 45 Oak Tree Drive Graford, TX.
    What is the asking price?
    The asking price for this property is $75,000.
    What are key features of this property?
    This property features: Homesite located on Green #5 of the Cliffs Golf Course with fairway views; Ownership includes access to community amenities plus 36 rounds of golf annually (18 every six months); Private, gated community amenities include marina with boat ramp, tennis courts, swimming pool, fitness center, park, and playground
    (817) 360-8499
    We can help!
    Listing Contact
    Stephanie Evans
    Real Estate License ID: 0757788
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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.

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