1125 Pheasant Ct Graford, TX 76449
- Land
- 5.02 lot acres
Current Use by Public Records
- Land
Property Details for 1125 Pheasant Ct
- Lot size
- 5.02 lot acres
- Property type
- Land
Description
This exceptional 5.02-acre commercial lot presents a unique investment opportunity in Graford, Texas, within the desirable The Hills subdivision (zip code 76449). Located in Palo Pinto County and served by Graford ISD, this mostly cleared, level lot boasts convenient access via a paved private road. Utilities are readily available, including electricity, co-op water, and an individual water meter. While sewer is not available, the property features underground utilities and an all-weather road. The soil is primarily rocky/shale, and the land is characterized by brush and grass vegetation. The property is unzoned and sits outside city limits, offering flexibility for development. Noteworthy features include a cul-de-sac location, few trees, and the presence of a community mailbox. The substantial lot size allows for livestock and oversized outbuildings. A mandatory homeowner's association (HOA) with an annual fee of $800 provides access to a comprehensive array of amenities, including a clubhouse with a pool and fitness center, boat storage, a boat ramp, a community dock, a cabin, a picnic area, and a private fishing pond. The property is conveniently located near Possum Kingdom Lake, offering proximity to recreational opportunities. The lot is already subdivided, eliminating the need for further subdivision processes. This property is ideal for developers or investors seeking a versatile commercial parcel in a desirable location. The asking price is $70,000.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Graford
- County
- Palo Pinto
- State
- Texas
- Longitude
- -98.3817
- Latitude
- 32.9518
