Cliffside Lakefront
For Sale
$485,000
E Hells Gate Drive lot 285, Graford, TX 76449
Land, Possum Kingdom Lake, TX
Property SizeContact for details
Lot Size0.73 Acres
Days on Market67
Property Features for E Hells Gate Drive lot 285
General Information
Property type
Land
Property subtype
Other
Zoning description
residential
Vegetation
Cleared
Subdivision
Gaines Bend
Lot features
Level, Rock Outcropping, Subdivision, Waterfront
View
Water
Elementary school
Palo Pinto
Middle school
Palo Pinto
High school
Palo Pinto
Elementary school district
Palo Pinto ISD
Middle school district
Palo Pinto ISD
High school district
Palo Pinto ISD
Directions
From intersection of Gaines Bend Drive and E Hells Gate Dr. Travel West on East Hells Gate drive 0.5 miles. Lot is on left between two houses.
Standard status
Active
APN
568117
Lot size
0.73 Acres
Taxes and HOA fees
Tax Description
ACRES: 0.725 GAINES BEND PK LAKE BLK 1 LOT 28
Tax Annual Amount
5357
HOA Fee
$800 Annually
Legal Description
ACRES: 0.725 GAINES BEND PK LAKE BLK 1 LOT 28
Utilities
Water front features
Waterfront, Lake Front
Water front
1
Listing Agency:
Possum Kingdom Real Estate
(940) 779-1111
Listed By:
Jonathan Fowler · License #0704463
(940) 328-5528
Added: Jul 2
Changed: Sep 4
Last Checked: Sep 6 at 1:06AM
MLS# 20921149
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.
This offering is a cliffside lot at Possum Kingdom Lake, set up as an elevated homesite designed for dramatic sightlines. The property overlooks Hells Gate Cove in Gaines Bend and includes panoramic lake views, with visibility to Devils Island. Views are described as available even from ground level. The lot size is 0.725 acres, providing space to plan a custom residence and outdoor living focused on the water.
The property is located within a premier gated community at Possum Kingdom Lake, with remarks indicating minimal building restrictions. Owners have access to a private boat launch and day slips, with full-time boat slips available for lease at a nearby marina. The setting is specifically tied to the Hells Gate Cove area of Possum Kingdom Lake.
For buyers looking to build a custom vacation retreat, a year-round lake home, or a waterfront estate, this homesite’s elevation and lake-facing orientation support that lifestyle. The combination of gated-community privacy and on-water access through the private launch and day slips can also appeal to owners who want their boating options coordinated through the community, with the nearby marina offering additional slip availability.
The property is located within a premier gated community at Possum Kingdom Lake, with remarks indicating minimal building restrictions. Owners have access to a private boat launch and day slips, with full-time boat slips available for lease at a nearby marina. The setting is specifically tied to the Hells Gate Cove area of Possum Kingdom Lake.
For buyers looking to build a custom vacation retreat, a year-round lake home, or a waterfront estate, this homesite’s elevation and lake-facing orientation support that lifestyle. The combination of gated-community privacy and on-water access through the private launch and day slips can also appeal to owners who want their boating options coordinated through the community, with the nearby marina offering additional slip availability.
Key Highlights
- Lakefront lot with waterfront features including water frontage and lake front.
- Cliffside homesite with views overlooking Hells Gate Cove in Gaines Bend on Possum Kingdom Lake.
- Panoramic dual lake views, including views toward Devils Island.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
15
Businesses Nearby
Explore this area
Business Placement
Demographics for 76449, TX
2,542
Population
2,832
Households
0.9
Avg Household Size
52
Median Age
28%
College-Educated
93%
High-School Grad
206.1 sq mi
ZIP Area
12
Density / Sq Mi
$70,819
Median Household Income
$43,427
Median Earnings
$943
Median Rent
$268,000
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Waterfront Land - Elevated parcel on Possum Kingdom Lake with wide views of Hells Gate Cove and private community boating access.
Where is this waterfront land located?
The property is located at E Hells Gate Drive lot 285 Graford, TX.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: Lakefront lot with waterfront features including water frontage and lake front.; Cliffside homesite with views overlooking Hells Gate Cove in Gaines Bend on Possum Kingdom Lake.; Panoramic dual lake views, including views toward Devils Island.
