4447 Chapel Rd Graham, TX 76450

Motivated Seller! New pics added! Possum Kingdom Lakefront Renovation Opportunity with Shop & Covered Parking. An exceptional opportunity to own a waterfront property with endless potential on Possum Kingdom Lake. This property offers a rare combination of features-sprawling mature Pecan shade trees, beautifully maintained St. Augustine lawns, and a gentle beach-like shoreline on one side balanced by deeper water access on the other. Before restrictions were in place, the owner thoughtfully dredged the dock area, creating rare deeper-water frontage where a dock can sit. Currently, there is a dock on the property not attached. At the center, a man-made peninsula extends into the lake, surrounded by a retaining wall with steps down into the water at the very end. Perfect for fishing, swimming, or taking in panoramic views, this feature creates an unmatched lakeside experience as it allows you to walk on land further out towards the center of the lake. There is a possibility that this peninsula can be repaired, subject to BRA approval. The beautifully built home, built in 1985 and still livable, features tall ceilings but is ready for a remodel. The property also includes a large shop with ample storage and covered parking, ready and waiting for someone to come put some work into it to restore it to its original glory. For those seeking more, there is an option to purchase the adjoining lot, creating over one acre of prime Possum Kingdom Lake shoreline. There's also opportunity to purchase the property directly behind, for even more potential to expand! This is an amazing opportunity to acquire a lakefront property with unmatched features and unlimited possibilities- even the ability to expand, perfect for creating your dream retreat.