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For sale
    • Price cut: $70K (5/8)
    $1,425,000

    1002 Cedar Dr, Graford, TX 76449

    3beds
    2,199sqft
    : 
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    Single Family Residence
    Built in 2012
    0.92 Acres Lot
    $-- Zestimate®
    $648/sqft
    $83/mo HOA

    What's special

    Calm no-wake waterMultiple outdoor living zonesElevated settingLayered composite decksCovered patio with fireplaceExpansive water viewsGrilling station
    Tucked into a quiet, protected cove at the approach to Hell’s Gate, this nearly one-acre Gaines Bend property offers expansive water views, calm no-wake water, and one of the most recognizable locations on Possum Kingdom Lake. The 3-bedroom, 3-bath home is positioned to capture sweeping sunset views while enjoying the privacy of a protected cove just outside the activity of Hell’s Gate. From its elevated setting, you can watch fireworks light up the sky overhead — close enough to enjoy the show, yet removed from the congestion and heavy boat traffic. Designed for gathering and easy lake living, the home opens to layered composite decks that create multiple outdoor living zones. A covered patio with fireplace, grilling station, and open-air lounge areas overlook the water, while a lakeside tiki retreat provides a tucked-away perch near the shoreline. Inside, the layout is comfortable and functional, offering flexibility for weekend guests or full-time lake living. A stone retaining wall and stairway lead to a private dock with boat lift in approximately 12 feet of water at full pool. The nearly one-acre setting provides uncommon elbow room in Gaines Bend — space for lake toys, gatherings, and future personalization. Whether envisioned as a weekend escape or full-time lake residence, this property offers the rare balance of protected water, iconic proximity, and room to make it your own.
    133 days
    |
    249
    |
    8
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Jackie Fewell 0613028 972-379-7486,

    The Brokerage Residential LLC 972-379-7486

    Source: NTREIS,MLS#: 21193524

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 3
      • Full bathrooms: 3
      Primary bedroom
      • Features: Ceiling Fan(s)
      • Level: First
      • Dimensions: 0 x 0
      Living room
      • Features: Ceiling Fan(s)
      • Level: First
      • Dimensions: 0 x 0
      Heating
      • Central, Electric, Fireplace(s)
      Cooling
      • Central Air, Ceiling Fan(s), Electric
      Appliances
      • Included: Dishwasher, Electric Range, Electric Water Heater, Refrigerator
      • Laundry: Washer Hookup, Electric Dryer Hookup, Laundry in Utility Room
      Features
      • Cathedral Ceiling(s), Double Vanity, High Speed Internet, Kitchen Island, Open Floorplan, Pantry, Vaulted Ceiling(s), Walk-In Closet(s)
      • Flooring: Carpet, Ceramic Tile
      • Windows: Window Coverings
      • Has basement: No
      • Number of fireplaces: 1
      • Fireplace features: Wood Burning
      Interior area
      • Total interior livable area: 2,199 sqft
      Video & virtual tour

      Property

      Parking
      • Parking features: Additional Parking, Concrete, Driveway, No Garage, Boat, RV Access/Parking
      Features
      • Levels: One
      • Stories: 1
      • Patio & porch: Deck
      • Exterior features: Boat Slip, Dock, Outdoor Grill
      • Pool features: None
      • Fencing: None
      • Has view: Yes
      • View description: Water
      • Has water view: Yes
      • Waterfront features: Boat Dock/Slip, Lake Front, Waterfront
      • Body of water: Possum Kingdom
      Lot
      • Size: 0.92 Acres
      • Features: Irregular Lot, Subdivision, Sloped, Waterfront
      Details
      • Additional structures: Gazebo
      • Parcel number: 16521

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Ranch,Detached
      • Property subtype: Single Family Residence
      Materials
      • Foundation: Slab
      • Roof: Shingle
      Condition
      • Year built: 2012

      Utilities & green energy

      • Sewer: Private Sewer
      • Water: Community/Coop
      • Utilities for property: Electricity Available, Overhead Utilities, Sewer Available, Separate Meters, Water Available

      Community & HOA

      Community
      • Features: Boat Facilities, Community Mailbox, Gated
      • Security: Gated Community
      • Subdivision: Gaines Bend
      HOA
      • Has HOA: Yes
      • Services included: All Facilities, Security, Trash
      • HOA fee: $1,000 annually
      • HOA name: Pmi - Metroplex
      • HOA phone: 800-310-6552
      Location
      • Region: Graford

      Financial & listing details

      • Price per square foot: $648/sqft
      • Tax assessed value: $1,383,250
      • Annual tax amount: $11,554
      • Date on market: 2/28/2026
      • Cumulative days on market: 136 days
      • Listing terms: Cash,Conventional
      • Road surface type: Asphalt

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        5/8/2026Price change$1,425,000-4.7%$648/sqft
        Source: NTREIS #21193524 Report a problem
        2/28/2026Listed for sale$1,495,000$680/sqft
        Source: NTREIS #21193524 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$7,240 -4.8%$1,383,250 +14.3%
        2024$7,608 +2.1%$1,209,960 +23.3%
        2023$7,455 -12.5%$981,690 +0%
        2022$8,516 -6.3%$981,680 +63.8%
        2021$9,089 0%$599,320
        2020$9,093 +9.1%$599,320 +15.5%
        2019$8,334 +0.3%$519,080 +0.8%
        2018$8,311 +5.8%$515,170 +2.3%
        2017$7,858 -2.9%$503,410 -4.3%
        2016$8,091 -9.3%$526,120 +1.5%
        2015$8,917 $518,270 +0.6%
        2014$8,917 $515,100 -6.1%
        2013-- $548,850 +108.4%
        2012-- $263,340
        2011-- $263,340 -36%
        2010-- $411,440 +22.6%
        2009-- $335,490 +25.7%
        2008-- $266,800
        2007-- --
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 76449

        Getting around

        0 / 100
        Car-Dependent

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Palo Pinto
        • Middle: Palo Pinto
        • High: Mineral Wells
        • District: Palo Pinto ISD

        Source: NTREIS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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