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For sale
    • Price cut: $16K (5/27)
    $799,000

    4551 Fm 1148, Graham, TX 76450

    3beds
    2,194sqft
    : 
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    Single Family Residence
    Built in 1986
    0.47 Acres Lot
    $751,800 Zestimate®
    $364/sqft
    $-- HOA

    What's special

    Sold fully furnishedSpacious grassy yardAir-conditioned storage shedLarge lakeside entertaining roomMultiple patiosGentle beach entryBeautiful lake views
    The price changed just in time for summer, but the million-dollar lake views didn’t! Waterfront home on Possum Kingdom Lake with a 2-story dock! Designed for making memories, this lakefront retreat located on the sought-after West Side of Possum Kingdom Lake features a large dock ready to hold your lake toys, a gentle beach entry, and beautiful lake views. The home offers a large lakeside entertaining room, multiple patios, and a fully fenced yard for ultimate privacy. Enjoy a spacious grassy yard, covered parking, air-conditioned storage shed, and ample concrete parking for boats or RVs. Conveniently located 15 minutes from the charming town of Graham, with restaurants and amenities around the corner. Upgraded throughout, sold fully furnished, and approved for short-term rentals — this lake retreat is perfect for entertaining, relaxing, or generating income. Motivated seller! Your summer 2026 could be spent here! Sunsets, boating, and lake life included.
    52 days
    |
    542
    |
    16
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Ava Fernandez 0804328 817-999-3067,

    Smart Realty 817-999-3067

    Source: NTREIS,MLS#: 21269990

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 2
      • Full bathrooms: 2
      Primary bedroom
      • Level: First
      • Dimensions: 14 x 14
      Bedroom
      • Level: First
      • Dimensions: 14 x 14
      Bedroom
      • Level: First
      • Dimensions: 20 x 14
      Living room
      • Level: First
      • Dimensions: 20 x 30
      Appliances
      • Included: Dryer, Electric Oven, Microwave, Refrigerator, Washer
      Features
      • High Speed Internet
      • Has basement: No
      • Number of fireplaces: 1
      • Fireplace features: Family Room
      Interior area
      • Total interior livable area: 2,194 sqft
      Video & virtual tour

      Property

      Parking
      • Total spaces: 2
      • Parking features: Additional Parking, Boat, Concrete
      • Carport spaces: 2
      Features
      • Levels: One
      • Stories: 1
      • Pool features: None
      • On waterfront: Yes
      • Waterfront features: Boat Dock/Slip, Lake Front
      Lot
      • Size: 0.47 Acres
      Details
      • Parcel number: 23051

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family Residence
      Condition
      • Year built: 1986

      Utilities & green energy

      • Sewer: Septic Tank
      • Water: Public
      • Utilities for property: Electricity Available, Septic Available, Water Available

      Community & HOA

      Community
      • Subdivision: West Side
      HOA
      • Has HOA: No
      Location
      • Region: Graham

      Financial & listing details

      • Price per square foot: $364/sqft
      • Tax assessed value: $489,600
      • Annual tax amount: $6,757
      • Date on market: 5/14/2026
      • Cumulative days on market: 230 days

        Estimated market value

        $751,800

        $714,000 - $789,000

        $2,155/mo

        Price history

        DateEventPrice
        5/27/2026Price change$799,000-2%$364/sqft
        Source: NTREIS #21269990 Report a problem
        5/14/2026Listed for sale$815,000$371/sqft
        Source: NTREIS #21269990 Report a problem
        4/25/2026Listing removed$815,000$371/sqft
        Source: NTREIS #21097550 Report a problem
        10/30/2025Listed for sale$815,000-0.6%$371/sqft
        Source: NTREIS #21097550 Report a problem
        4/15/2025Listing removed$820,000$374/sqft
        Source: NTREIS #20787007 Report a problem
        11/27/2024Listed for sale$820,000$374/sqft
        Source: NTREIS #20787007 Report a problem
        9/30/2024Listing removed$820,000$374/sqft
        Source: NTREIS #20707980 Report a problem
        8/20/2024Listed for sale$820,000+86.4%$374/sqft
        Source: NTREIS #20707980 Report a problem
        2/23/2024Sold--
        Source: NTREIS #20485979 Report a problem
        2/22/2024Pending sale$440,000$201/sqft
        Source: NTREIS #20485979 Report a problem
        2/17/2024Listing removed--
        Source: NTREIS #20485979 Report a problem
        1/20/2024Contingent$440,000$201/sqft
        Source: NTREIS #20485979 Report a problem
        12/7/2023Listed for sale$440,000+72.5%$201/sqft
        Source: NTREIS #20485979 Report a problem
        10/1/2019Sold--
        Source: Agent Provided Report a problem
        9/19/2019Pending sale$255,000$116/sqft
        Source: Berkshire HathawayHS Pondera #14162947 Report a problem
        8/14/2019Listed for sale$255,000$116/sqft
        Source: Berkshire HathawayHS Pondera #14162947 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$6,757 +9.1%$489,600 +15.7%
        2024$6,195 +12.3%$423,270 +13.2%
        2023$5,518 -4.2%$373,880
        2022$5,762 +44%$373,880 +62.8%
        2021$4,000 -6.2%$229,640
        2020$4,265 +18.2%$229,640 +19.1%
        2019$3,608 -1.2%$192,790
        2018$3,651 +1.6%$192,790
        2017$3,594 +2.1%$192,790 +0.6%
        2016$3,521 +53.4%$191,690 +28.9%
        2015$2,295 $148,670 +14.2%
        2014$2,295 $130,230

        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: 76450

        Getting around

        7 / 100
        Car-Dependent
        26 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Graford
        • Middle: Graford
        • High: Graford
        • District: Graford 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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