810 Clear Cove Ct Graford, TX 76449
This exceptional 1.01-acre commercial lot presents a unique investment opportunity in Graford, Texas, within the desirable Hills subdivision (zip code 76449). Located in Palo Pinto County and served by the Graford ISD, this flat, level, and cleared lot boasts stunning views of Possum Kingdom Lake. The property is situated on a cul-de-sac, offering privacy and tranquility. The lot features underground utilities, including electricity and individual water meters, accessible via an all-weather, asphalt private road. Note that sewer is not available, and the property is outside city limits with no city services. The soil composition is limestone and rocky/shale. The Hills community offers an extensive array of amenities, including a clubhouse with a pool and fitness center, boat storage, a community dock and boat ramp, a Ritchey cabin and picnic area, a fishing pond, and a walking trail system. Access to these amenities is included in the mandatory yearly HOA fee of $800, managed by PKPOA. The property is currently unzoned. Directions: From Hwy 16, enter Gate 2 of The Hills. Take the first right, then another right onto North Clear Cove Court. The property is on the south side of the street. This is a subdivided lot with utilities easements in place. The asking price is $41,500.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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Risks
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