Possum Kingdom Lake Homes under $500,000

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 vibrant outdoor lifestyle, this picturesque destination is a haven for those seeking both tranquility and adventure. With crystal-clear waters stretching over 18,000 acres, Possum Kingdom Lake offers endless opportunities for boating, fishing, and swimming, making it a perfect retreat for families and nature enthusiasts alike.

As you explore this charming area, you'll find a variety of homes that cater to different lifestyles and budgets. For those in search of an affordable slice of paradise, Possum Kingdom Lake boasts an impressive selection of homes priced under $500,000. From cozy lakefront cottages to spacious family homes, there's something for everyone. Imagine waking up to breathtaking views, enjoying morning coffee on your deck, and embracing the laid-back lifestyle that this community has to offer.

In addition to its outdoor attractions, Possum Kingdom Lake features a friendly atmosphere with a close-knit community. Local events and activities abound, from seasonal festivals to farmer's markets, ensuring you’ll always find something to engage in. Whether you’re looking to make this your primary residence or a weekend getaway, the homes in this area present an incredible opportunity to invest in a lifestyle filled with adventure and relaxation.

Discover the magic of Possum Kingdom Lake and explore the diverse range of homes available under $500,000. Your dream home awaits in this enchanting Texas paradise!

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
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
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
3033 Hells Gate Loop Unit E206, Possum Kingdom Lake
$276,000
2 Beds ⋅ 2 Baths ⋅ 21346111 MLS
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
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
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
3412 Scenic Point Rd Unit 100, Possum Kingdom Lake
$169,000
1 Beds ⋅ 1 Baths ⋅ 21296744 MLS
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
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
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
2034 Harbor Way Unit 601, Possum Kingdom Lake
$499,000
2 Beds ⋅ 2 Baths ⋅ 21277452 MLS
Feel the energy of summer and answer the call of Possum Kingdom Lake in this luxurious Harbor carriage house designed for carefree lake living. This beautifully appointed two-bedroom, loft, two-bath residence delivers the ultimate lock-and-leave lifestyle with upscale comfort, vibrant resort-style amenities, and breathtaking views that set the tone for unforgettable weekends and endless summer memories. Natural light fills the spacious open-concept living area, creating an inviting atmosphere perfect for entertaining after a day on the water. The modern kitchen features upgraded appliances, generous counter space, and seamless flow for gathering with family and friends. Both bedrooms are thoughtfully positioned for privacy and relaxation, while the versatile upstairs loft offers additional sleeping space, a home office, or flex retreat for guests. Step onto the oversized balcony and soak in panoramic lake and sunset views while enjoying the fresh summer breeze. Two attached garages provide exceptional storage for vehicles, golf carts, and lake toys, making every adventure effortless. Residents enjoy exclusive access to The Harbor’s premier amenities including resort-style pools, fitness center, marina, walking trails, sports courts, and upscale dining. Whether you are searching for a full-time residence, luxury vacation escape, or income-producing lake property, this Harbor carriage house captures the elevated lifestyle and unmatched beauty of Possum Kingdom Lake. Summer is here, lake life is calling, and this is your opportunity to enjoy it in style.

2034 Harbor Way Unit 601, Possum Kingdom Lake
2334 Sanbar Road Unit 22, Possum Kingdom Lake
$170,000
3 Beds ⋅ 2 Baths ⋅ 21267322 MLS
Nestled in an ideal lakefront location overlooking the peaceful cove, this beautiful property offers the perfect blend of relaxation and community living. Enjoy stunning water views from the spacious covered porch, the perfect spot for morning coffee, evening sunsets, or entertaining guests year round. With a setting that captures both privacy and natural beauty, this home is located in a highly desirable community known for its welcoming atmosphere and exceptional surroundings. Whether you’re seeking a full time residence or a weekend retreat, this property delivers the best of lakeside living. Leasehold land, price TBD. Home is sold furnished, less personal items.

2334 Sanbar Road Unit 22, Possum Kingdom Lake
1141 Airport Rd, Possum Kingdom Lake
$500,000
3 Beds ⋅ 2 Baths ⋅ 21249778 MLS
This Possum Kingdom Lake property offers a unique combination of a private beach and direct access to an expansive Brazos River Authority greenbelt, creating a wide-open feel with massive lake views that extends far beyond the lot itself—without the added property tax burden. Owned by the same family for decades, this is a choice lakefront location. The existing cabin provides a simple, usable footprint for immediate enjoyment, while the garage and guest suite offer well-maintained space for guests, storage, or weekend flexibility. For families new to PK this is where lake life really works… room to run, play, and gather, with easy access to the water and space to grow. Over time, the setting easily supports a future custom build that takes full advantage of the beach, views, and surrounding open space. Short-term rental potential adds another layer of versatility, making it possible to enjoy the property while generating income. Recent resurvey increased area of lakefront based on 1000 elevation.

1141 Airport Rd, Possum Kingdom Lake
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Listings provided by North Texas Real Estate Information Systems (NTREIS). Listing data has been deemed reliable but is not guaranteed to be accurate by the MLS.

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