Possum Kingdom Lake Homes under $500,000

Welcome to Possum Kingdom Lake, a hidden gem nestled in the heart of Palo Pinto County, Texas. Known for its stunning natural beauty and outdoor recreational opportunities, this picturesque destination is perfect for those seeking a serene lifestyle or an adventurous getaway. With its crystal-clear waters and breathtaking cliffs, Possum Kingdom Lake is a haven for fishing, boating, and hiking enthusiasts alike.

The area boasts a charming community atmosphere, where neighbors become friends and every sunset is a reason to celebrate. Imagine waking up to the gentle sound of waves lapping against the shore, or enjoying a peaceful evening by the fire pit under a canopy of stars. Possum Kingdom Lake offers a unique blend of tranquility and excitement, making it an ideal location for families, retirees, and anyone in between.

For homebuyers seeking affordable options, Possum Kingdom Lake presents a fantastic opportunity with homes available under $500,000. Whether you’re looking for a cozy cabin, a modern lakefront property, or a spacious family home, this area has something to suit every taste and budget. Many of these homes come with stunning views and easy access to the lake, allowing you to immerse yourself in the beauty of the outdoors right from your backyard.

With its vibrant community, scenic landscapes, and affordable housing options, Possum Kingdom Lake is not just a place to live; it’s a lifestyle waiting to be embraced. Come explore the possibilities and make this enchanting destination your new home!

Newest Possum Kingdom Lake Homes under $500,000

101 Hide Away Dr Unit 7, Possum Kingdom Lake

$250,000

2 Beds ⋅ 1 Baths ⋅ 21374803 MLS

Welcome to your Possum Kingdom Lake getaway! Tucked inside the highly sought after Sportsman’s World community, this charming 2-bedroom, 1-bath cabin offers the perfect blend of cozy character, thoughtful updates, and an unbeatable outdoor lifestyle. Whether you’re searching for a weekend retreat, a full time residence, or your own home base for lake adventures, this property is ready to enjoy. Inside, the comfortable layout and inviting cabin atmosphere to make it easy to relax and unwind. Numerous updates provide added peace of mind, including a newer roof and gutters, PEX plumbing, newer water heater, updated bathroom shower and fixtures, and a newer HVAC system. Step outside and discover even more to love. A newer 22x35 shop with new electrical offers exceptional space for lake toys, vehicles, storage, hobbies, or a workshop. The newer back porch creates the perfect spot to enjoy your morning coffee, unwind after a day on the water, or gather with friends and family. Sportsman’s World is where the property truly shines, offering a lifestyle centered around Possum Kingdom Lake and the outdoors. Residents enjoy convenient access to the community boat ramp and marina at Hells Gate Loop, making it easy to get out on the water for boating, fishing, swimming, and all your favorite lake activities. Community amenities include a swimming pool, tennis courts, playground, disc golf course, picnic areas, and a community barn for horses and livestock. If you’ve been looking for a place where you can slow down, enjoy the lake, and make lasting memories, this cozy Sportsman’s World cabin deserves a look. Come experience the relaxed lake lifestyle that makes Possum Kingdom so special!

101 Hide Away Dr Unit 7, Possum Kingdom Lake

Listing courtesy of Merit Holstein from Possum Kingdom Real Estate. Contact: (940) 779-1111

$499,000

4 Beds ⋅ 3 Baths ⋅ 21376412 MLS

PANORAMIC PK LAKE VIEWS from this CHARMING, FURNISHED, 4bd, 2.5ba, 2460 sqft WESTSIDE LAKEHOME with LARGE COVERED PATIOS, SUNROOM, SHOP, & 4 CAR CARPORT on 2 Grassy, Oak Tree Shaded 1.024 ac Lots, with Amazing Space to Entertain and Relax, while gazing at PK Lake, & watching the Spectacular Sunrises & Sunsets over the N Tx Hill Country. This Historic, Beautiful Country Farmhouse features a Large Kitchen with 2 Ovens & 2 Refrigerators to Cook for all your Lake Family & Friends, a Spacious Living Room with Wood Burning Fireplace, & Picture Windows with Lake Views, and Access to the Sunroom & Covered Porches, plus 4 Lovely Bedrooms, with the Primary Bedroom conveniently located on the Main Level, and the other 3 Bedrooms Upstairs with a 2nd Large Media, Living Room, and a Wonderful Big View Deck as well. Then Outside the 936 sqft Insulated Shop & Workshop are great for Extra Parking & Extra Storage Space, then there is a 4 Car Carport next to that, and on the other side of the Shop, an extra Storage Container as well. The Backyard is also Fully Fenced off for kids & dogs, and has a Stunning Lake View from every part of it. This is a Rare Gem of a Property for those who love Historic, Updated homes with Character, and it has been Decorated with Impeccable, Country Farmhouse Style. This Lakehome would also make for a Phenomenal Turn Key Ready Overnight Rental as well. The Home has a New Roof, New Windows, Appliances, and Paint, New Metal Patio Cover, and New Board & Batten Siding. Plus it is only a short drive to the Nearby Local Restaurants & Bars on the Lake, Fox and Possum Hollow, both with Boat Ramps to Unload your Boat, and the Breakers Marina is also just down the road for Renting a Slip to have your Boat kept on the Water. The Town of Graham is also only 15 mins away for Amenities and additional Dining & Shopping as well. This could be your Dream PK Lakehome, Lake Escape or Full Time Residence, for an Exceptional Turn Key Price, and who doesn't LOVE PK Lake Life.

212 Quiten Ln, Possum Kingdom Lake

Listing courtesy of Maggie Burgess from Century 21 Mike Bowman, Inc.. Contact: 817-354-7653

1636 Sawtooth Mountain Rd, Possum Kingdom Lake

$429,000

2 Beds ⋅ 3 Baths ⋅ 21348134 MLS

PERFECT PK LAKEHOME GETAWAY on 5 Acres, in the Breathtaking Hills Above Possum Kingdom, a Gated Neighborhood with Beautiful Hills & Valley views as well as Spectacular Sunsets from your Large Covered Deck. All this then overlooks a Private Pond with Fountain and a Creek Bed, that fills seasonally with rains, and 5 Acres to walk, hike, explore, and enjoy this incredible Tx Hill and Lake Country, Rustic Setting. The inside of the home features a Light & Bright, Open Concept Design Living Space with Wood-Beamed Cathedral Ceiling, Eat In Kitchen with Granite Countertops & Stainless Appliances, Walk-in Pantry, ½ bath and a 2 Car Carport on the main level accessing the Front Door. The 2 Bedrooms downstairs, both have attached Baths, plus there is Bonus Room, or Game Room for Extra Guests, Laundry Room, and a lower level walk-out entrance. Then its an easy walk or drive down on the property to the 24 x 30 Garage & Workshop with Electric. The extra storage shed also has 220v, and there is 1 RV Plug & Water under the Carport. This Friendly, Fun Community features include a Gorgeous Clubhouse, Infinity Pool overlooking Possum Kingdom Lake, Fitness center, Lakefront Cabin, Day Slips, Boat Ramp, and Dry Boat Storage. The Hills Above is also conveniently located only 15 minutes to the Small Charming town of Graham for Shopping and Dining and a Short Drive or Boat Ride to all the Best Dining, Amenities and Hiking Trails on PK Lake as well. This is great affordable option to own at Pk, and Enjoy the Best of PK Lakelife.

1636 Sawtooth Mountain Rd, Possum Kingdom Lake

Listing courtesy of Maggie Burgess from Century 21 Mike Bowman, Inc.. Contact: 817-354-7653

2030 Harbor Way Unit 401, Possum Kingdom Lake

$369,500

1 Beds ⋅ 2 Baths ⋅ 21349129 MLS

This uniquely finished, one of a kind carriage house offers everything you will need for maximum enjoyment of your time at Possum Kingdom Lake. Located in the picturesque setting of The Harbor, this unit is fully furnished including the 173 sq ft covered balcony. The size and comfort of the interior space will surprise you, while the view overlooking the pond with multiple waterfalls will send you into total relaxation. The oversized bedroom offers space for individual quiet time or office space, and a queen sized murphy bed and full guest bathroom provide additional accommodations. In the kitchen you will find upgraded appliances, well designed cabinetry, built in cooling drawers, a pot filler, and an island all surrounded by incredible decorative touches. Dining-in is a pleasure and grilling on the balcony is always an enjoyable choice. Natural landscaping creates privacy for this unit, but the inviting pool and fitness center are only steps away. If walking isn't an option, hop on your ATV to get to the other amenities and a nearby restaurant. There's covered parking and an enclosed garage for storing it and your other lake toys. Don't miss the opportunity to own this incredible property. It is waiting just for you. Owning property and experiencing Possum Kingdom Lake is possible!

2030 Harbor Way Unit 401, Possum Kingdom Lake

Listing courtesy of Linda Draper from Clark Real Estate Group. Contact: (817) 458-0402

3033 Hells Gate Loop Unit E206, Possum Kingdom Lake

$276,000

2 Beds ⋅ 2 Baths ⋅ 21346111 MLS ⋅ Paradise Villas BLDG.

One of the largest condos in Paradise Villas, very clean & well maintained; fully furnished & ready for you to enjoy! Loft area for extra sleeping space, game room, or office. Great composition deck overlooking Bluff Creek offers plenty of space for outdoor dining or gorgeous sunset views. Located in the end building just steps from the Villas common area cookout spot, and just minutes from Bluff Creek Marina.

3033 Hells Gate Loop Unit E206, Possum Kingdom Lake

Listing courtesy of Jo Lynn Miller from Lake Homes Realty, LLC. Contact: 940-636-3349

880 Cliffs Dr Unit 2, Possum Kingdom Lake

$499,900

3 Beds ⋅ 2 Baths ⋅ 21344750 MLS

LOOKING FOR THE CONVENIENCE OF CONDO LIVING WITHOUT SACRIFICING PRIVACY? This beautifully well maintained home in The Cliffs Resort at Possum Kingdom Lake offers the best of both worlds! Designed for a lock-and-leave lifestyle, this low-maintenance home is tucked among mature trees with native landscaping, providing a peaceful setting where you can relax on your private wraparound deck, enjoy beautiful views, and watch the abundant wildlife. Unlike a condo, you'll appreciate the privacy of your own outdoor living space, additional parking, and the comfort of owning a detached home. Inside, the open-concept floor plan is warm and inviting, featuring wood flooring, granite countertops, a stunning oversized gas fireplace, and abundant natural light. Recent updates include a new roof in 2023, energy-efficient windows installed in 2024, and a new dishwasher in 2025. The wraparound deck also offers convenient storage underneath, making it easy to keep your lake toys and outdoor gear organized. Located just minutes from the marina and all of The Cliffs Resort amenities, homeowners enjoy a gated community, 36 complimentary rounds of golf each year on the championship 18 hole golf course, two community pools, tennis and pickleball courts, a fitness center, and the Chaparral Grille & Bar, where residents receive a 10% discount while enjoying one of the best lake-view patios at Possum Kingdom Lake. Whether you're looking for a full-time residence, weekend retreat, or investment property, this home delivers the carefree lifestyle of a condo with the privacy, space, and charm of a single-family home.

880 Cliffs Dr Unit 2, Possum Kingdom Lake

Listing courtesy of Wendy Farquhar from Clark Real Estate Group. Contact: (817) 458-0402

2334 Sanbar Road Unit 60, Possum Kingdom Lake

$55,000

2 Beds ⋅ 2 Baths ⋅ 21328783 MLS

Welcome to lake living in the desirable Golden Cove community at the end of the Possum Kingdom Lake peninsula! This charming waterfront retreat sits on PK’s Broadway waters, just a short boat ride from Hell’s Gate, the dam, and popular waterfront dining spots. Perfect as a weekend getaway, summer retreat, retirement home, or peaceful full-time residence, this move-in-ready property offers an affordable way to enjoy the beauty of Possum Kingdom Lake. Mature oak trees, sandy shoreline, abundant wildlife, stunning sunsets, and crystal-clear water create the ideal lake setting in The Cove. The spacious covered deck with built-in bar is perfect for entertaining or relaxing outdoors. The grassy yard provides room to unwind and enjoy visits from neighborhood deer, while the fenced backyard offers a secure space for small pets. Gravel areas provide easy maintenance and plenty of parking for guests and lake toys. Inside, the open-concept living, dining, and kitchen area creates a welcoming gathering space. The home features two bedrooms, each with its own en-suite bathroom, positioned on opposite ends for privacy. Recent updates include a stylish walk-in shower in the primary bath. Enjoy the peaceful atmosphere of this quiet lakeside retreat. Most furnishings convey, making this home ready for immediate enjoyment. Golden Cove offers a welcoming community with amenities including a private boat ramp, dock, swim cove, community events, and guest cabins. The current lot lease is approximately $865 per month, with the landowner responsible for property taxes on the lot; owners pay taxes only on improvements. Short-term rentals (VRBO) are not permitted.

2334 Sanbar Road Unit 60, Possum Kingdom Lake

Listing courtesy of Jo Lynn Miller from Lake Homes Realty, LLC. Contact: 940-636-3349

3412 Scenic Point Rd Unit 100, Possum Kingdom Lake

$169,000

1 Beds ⋅ 1 Baths ⋅ 21296744 MLS ⋅ Rdh Management BLDG.

Tired of driving home after a great day of boating at Possum Kingdom? Enjoy easy lake living with this efficient and low-maintenance ensuite condo. Perfect as a weekend getaway, this fully furnished private suite offers a full bathroom, king bed, refrigerator, microwave, and beautifully appointed designer bathroom. For boat owners at PK marina, it's an ideal alternative to sleeping onboard, providing comfort and convenience just moments from your slip. Located in Harborview, owners enjoy access to exceptional amenities including a resort-style pool, hot tub, fitness center, pavilion, fire pit, and laundry facilities. Patterson PK Marina and Hemingway's are just a short walk away, making it easy to spend your days on the water and your evenings relaxing nearby. Whether you're spending weekends at the lake, need a comfortable place to stay near your boat, or simply want a low-maintenance retreat to enjoy everything Possum Kingdom Lake has to offer, this property provides a convenient way to make the most of your time at the lake, or make it a short-term rental and take advantage of a great investment opportunity if you desire.

3412 Scenic Point Rd Unit 100, Possum Kingdom Lake

Listing courtesy of Merit Holstein from Possum Kingdom Real Estate. Contact: (940) 779-1111

3500 Hog Bend, Unit 48, Possum Kingdom Lake

$175,000

1 Baths ⋅ 21257709 MLS

Escape to your own private waterfront retreat at 3500 Hog Bend #48 on Possum Kingdom Lake. Seller is offering a $30,000 REPAIR CONCESSION to be credited towards the replacement of the dock. Accessible ONLY by BOAT, this 0.634-acre lakefront property is the ultimate secluded getaway with a beautiful sandy beachfront and room to create a future family compound. The property features an existing 224-square-foot TINY HOME perfectly suited for weekend lake adventures, along with a lawnmower & storage shed and a separate pump-house equipped with an additional toilet and outdoor shower. Lake Water Pump & electrical systems on dock recently redone by Groves Mechanical. Designed with future expansion in mind, the property already includes underground infrastructure for raw lake water, electricity, separate potable water line and septic infrastructure pre-installed for a main Lakefront Cabin & a TOTAL of 4 tiny homes creating a unique opportunity to develop a private lakeside compound. New shop could also be built with prewired underground electrical and lake water line. Enjoy swimming from the sandy shoreline, relaxing under the stars, fishing from your dock, and experiencing the peaceful beauty of one of PK Lake's most secluded waterfront locations. Whether you're looking for an off-grid-style escape, a recreational basecamp, or a property with room to grow, this Hog Bend gem offers endless possibilities. Seller would consider conveying their modified pontoon barge in the sale of property.

3500 Hog Bend, Unit 48, Possum Kingdom Lake

Listing courtesy of Jonathan Fowler from Possum Kingdom Real Estate. Contact: (940) 779-1111

2334 Sanbar Road Unit 46, Possum Kingdom Lake

$37,000

3 Beds ⋅ 2 Baths ⋅ 21295637 MLS

BARGAIN PRICED LAKE PLACE! Ask about possible owner financing!Sellers change of plans is Buyers bonus! This comfortable lake home is located just across from the Golden Cove shoreline, close enough to hear the water splash from the fully covered deck that spans the length of the house. The basics are here, along with some improvements - recently leveled, metal roof, nearly new exterior paint, pex water lines throughout, great AC unit. In addition to a home, a purchase in the Golden Cove community puts you right at the end of the Possum Kingdom Lake Peninsula with a deep water community boat ramp & dock so you can get to all the lake attractions quickly. Plus, it comes with a built-in Lake Family! Leased land.

2334 Sanbar Road Unit 46, Possum Kingdom Lake

Listing courtesy of Ashlie Wheeler from Lake Homes Realty, LLC. Contact: 432-413-6229

$299,000

3 Beds ⋅ 2 Baths ⋅ 21285588 MLS

MULTI-USE PROPERTY - INVESTMENT - BUSINESS - RESIDENTIAL OPPORTUNITY Live, Work, and Relax at Possum Kingdom Lake! Looking for the perfect place to call home while running your own business? This unique and spacious property offers the best of both worlds! Featuring an open-concept floor plan, this unique home seamlessly integrates a hairstyling salon—just steps from your living space. Imagine waking up, enjoying your morning coffee, and strolling across the porch to work, all while being just moments from the lake! Designed for comfort and efficiency, this home boasts 6-inch styrofoam walls, making it incredibly energy-efficient and easy to heat and cool. The lower level features a well-appointed kitchen with a generous island and breakfast bar, seamlessly flowing into the dining and living areas—perfect for entertaining without missing a moment. You'll also find two bedrooms (currently used as a bedroom and office), a full bathroom, and a convenient laundry area on this level. The open-air loft provides additional flexible space, ideal as a third bedroom, study, hobby room, library, or a fun activity area for kids. On chilly nights, cozy up by the large wood-burning stove set on a custom stone hearth. In warmer weather, unwind on the covered porches or enjoy the beauty of nature in the spacious backyard, shaded by mature trees. With ample parking for both family and customers, this property is designed for convenience and versatility. Or, you can totally renovate and build your own dreams on this deeded lot with no HOA restrictions. The lot in the back would easily accommodate a small guest house, or you might be able to add an RV space or two. Whether you're looking for a live-work opportunity, a rental investment property, or a serene lake lifestyle retreat, this property has so much potential!

513 Fm 2353 N, Possum Kingdom Lake

Listing courtesy of Jo Lynn Miller from Lake Homes Realty, LLC. Contact: 940-636-3349

3500 Hog Bnd Unit 121, Possum Kingdom Lake

$345,000

2 Beds ⋅ 1 Baths ⋅ 21257713 MLS

Experience Possum Kingdom Lake the way it’s meant to be lived - wide open water, deep views, and true main channel frontage. This exceptional BOAT ACCESS ONLY 1-acre lakefront property offers nearly 400 feet of shoreline on the coveted main body of PK Lake, delivering some of the most dynamic water and long-range views available. Positioned on a POINT for a resounding presence on the lake, this is a rare opportunity to own substantial frontage in a secluded location where a clear rocky lakebed meets natural Texas beauty. A boat dock is currently being installed, creating immediate access to endless days on the lake - whether you’re boating, fishing, swimming, or simply taking in the energy of passing lake traffic and big water views. The shoreline and setting are ideal for maximizing the full PK Lake lifestyle with deep water access and room to enjoy and expand. The existing 2-story cabin is unfinished inside, offering a blank canvas ready for your vision. Whether you envision a modern lake retreat or a rustic getaway, the structure provides the foundation to create a custom lakefront escape tailored exactly to your taste and needs. With its rare combination of acreage, extensive shoreline, upper and lower decks, main channel location, and development potential, this property stands out as a unique opportunity on Possum Kingdom Lake. A true chance to design and finish your own legacy lake cabin in one of Texas’ most iconic waterfront destinations.

3500 Hog Bnd Unit 121, Possum Kingdom Lake

Listing courtesy of Jonathan Fowler from Possum Kingdom Real Estate. Contact: (940) 779-1111

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