Lot 5 E Hells Gate Drive, Graford, TX 76449
Gaines Bend Sub · Palo Pinto County
Key Facts
Description
Build your dream lake home on one of the most iconic view lots at Possum Kingdom Lake. This exceptional 0.585-acre flat homesite sits along the coveted cliff line on East Hells Gate Drive, offering front-row views of the legendary Hells Gate Cove—one of PK’s most recognized landmarks. Imagine waking up each morning to panoramic lake views and ending your evenings with unmatched sunsets over the water. This property also provides a prime vantage point for the famous Hells Gate fireworks show, making it an ideal setting for both private enjoyment and entertaining. Located within the highly sought-after gated community of Gaines Bend, residents enjoy exclusive amenities including two private boat ramps and access to a marina, ensuring effortless days on the lake. To make your vision even more seamless, a full set of custom luxury home plans—approximately 4,000 square feet and site design. It is a rare opportunity to secure a premier build site in one of PK’s most desirable locations. Listing agent is part owner.
Property Information
Property Type
Land
Sub-Type
Unimproved Land
Lot Size
0.58 acres
Days on Market
118
MLS® Listing#
21189916
Property Features
Lot Features
Schools
- Elementary:
- Palo Pinto
- Middle:
- Palo Pinto
- High:
- Mineral Wells
- District:
- Palo Pinto ISD
Financial Details
HOA
$850 / Annually
Gaines Bend - PMI
Annual Taxes
$4,492
Parcel Number
564549
Directions
Enter Gaines Bend from Hwy 16. Continue on Gaines Bend Drive. Turn left onto East Hells Gate Dr. Lot is on the left.
Affordability Calculator
$139,000
Estimated monthly payment
$3,699/mo
Principal $556,000 · Est. interest $775,669 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Graford, TX
- $716,667
- Median Listing Price
- 114
- Median Days on Market
- 2,320
- Median Sq Ft
- $346
- Median Price / Sq Ft
- 80
- Active Listings
- This home’s price is 3% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Graford, TX.
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 416 N Fm 2353, Graford, TX | $489,000 | — | — | — |
| Lot 19 Firewheel, Graford, TX | $490,000 | — | — | — |
| Tract 7 52.00 Acres Mountain Drive, Graford, TX | $494,000 | — | — | — |
| 1220 Green Elm Road, Graford, TX | $499,000 | 3 | 3 | 1,991 |
| 1501 Mcadams Road, Graford, TX | $500,000 | 5 | 3 | 3,941 |
| 11 Breakwater Bend, Graford, TX | $525,000 | — | — | — |
Moving Cost Estimate
Listing Courtesy: The Brokerage Residential LLC - 972-379-7486
Presented by: Clay Springer
Last Updated: 2026-03-20