Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Lakefront Homesite in Gated Resort Title is generated by Realmo AI

    Baltusrol Drive lot 185, Graford, TX 76449

    View on Map
    Claim this Listing
    For Sale
    $47,400

    LAND - Graford, TX

    Lot size:
    0.11 Acres
    Added:
    Mar 10, 2026
    Days on Market:
    88
    Last Refresh:
    Jun 5 at 3:06 pm

    Property Features for Baltusrol Drive lot 185

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    R000013747
    Lot size
    0.11 Acres

    Taxes and HOA fees

    Tax Description
    Acres: 0.109, CLIFFS PHASE IX LOT 185 G#C0250-09-0

    Utilities

    Sewer type
    Private Sewer
    Water source
    Private

    We can help!

    Listing Contact
    Stephen Miller

    Listing agent Stephen Miller License #0461251

    Listing office Heritage Real Estate Odessa, TX

    Listing date Mar 10, 2026

    MLS# 21203722 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 in The Cliffs Resort, a gated community on Possum Kingdom Lake
    • Private water source and private sewer
    • Owner financing available
    • Access to community amenities including an award‑winning golf course and resort pools
    • Marina access and fine dining available in the community

    Overview

    This lakefront homesite at The Cliffs Resort offers a ready setting for building a custom primary residence or weekend getaway. The property is positioned along Possum Kingdom Lake, making it a natural fit for buyers looking to enjoy scenic lake views from their own lot. Owner financing is available, providing an additional pathway to ownership in this established resort environment.

    Located in Graford, Texas within a gated community, the homesite gives you access to a broad set of on-site lifestyle amenities. Residents can take advantage of an award-winning golf course, resort pools, and marina access, along with fine dining options. The setting is designed to support both quiet relaxation and an active, outdoors-oriented schedule.

    For buyers seeking a low-maintenance way to plan a lakefront build, this lot balances exclusivity and convenience within a resort community. It can work well as a personal retreat for weekend and holiday use, or as a permanent residence if you want day-to-day access to the amenities described. If you’re evaluating properties at The Cliffs Resort, this is a strong option to consider for your next build plan.
    Property Profile Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Map

    City
    Graford
    County
    Palo Pinto
    State
    Texas
    Longitude
    -98.2671
    Latitude
    32.9289

    Nearby Similar for Sale

    • $175,000

      Lake-Adjacent Commercial Land Opportunity

      Un-zoned, nearly 1.6-acre parcel on a main thoroughfare with utility considerations for a new business build.
      303 N Fm 2353, Possum Kingdom Lake, TX 76449
      View Details
    • $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.
      1131 Panorama Way, Graford, TX 76449
      View Details
    • $875,000

      Waterfront Trail Ridge Homesite

      Build-ready homesite near Possum Kingdom Lake with adjacent parcel option for estate-scale privacy.
      2181 Trail Ridge # 2, Graford, TX 76449
      View Details
    • $3,995,000

      Automotive Service & Storage Facility

      Newly built automotive service and showroom facility with multiple bays, parts area, office space, and extensive storage options.
      1770 Fm 2951, Graford, TX 76449
      View Details
    • $825,000

      Lake View Waterfront Land

      Waterfront lot with panoramic views in a gated development with resort-style amenities and private boat access.
      1000 Palomino Trail, Graford, TX 76449
      View Details
    • $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.
      223 Oak Tree Drive, Possum Kingdom Lake, TX 76449
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - Build your primary residence or weekend retreat within a gated community at Possum Kingdom Lake.
    Where is this waterfront land located?
    The property is located at Baltusrol Drive lot 185 Graford, TX.
    What is the asking price?
    The asking price for this property is $47,400.
    What are key features of this property?
    This property features: Homesite in The Cliffs Resort, a gated community on Possum Kingdom Lake; Private water source and private sewer; Owner financing available
    (432) 701-0550
    We can help!
    Listing Contact
    Stephen Miller
    Real Estate License ID: 0461251
    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

    Thank You for Inquiry
    Baltusrol Drive lot: 185, Graford, TX 76449
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!