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$1,800,000
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Property Description
Discover the perfect opportunity to own a true walk-out waterfront retreat in the highly sought-after Gaines Bend community on Possum Kingdom Lake. Nestled in a peaceful, scenic cove, very short distance from the main body of PK, this property offers the kind of lake living people dream about-calm waters, stunning views, and direct access right from your backyard. It's a must see! The main home offers solid bones and tons of potential. It's ready for someone with vision-a little TLC will go a long way in transforming this into the ultimate lake getaway or full-time residence, This 3 bedroom 2 bath house has stunning lake views from the beautiful large windows that wrap the back of the home. With nearly 400 square feet of additional guest-house space, with its own private bathroom, you'll have room for friends, family, or even a private retreat of your own. Step outside and enjoy your very own boat ramp as well as a 24x32 single-slip dock, complete with HydroPort lifts for up to four jet skis, making it effortless to spend your days on the water. Whether you're boating, swimming, or simply relaxing on the dock, this cove setting delivers the ideal blend of privacy and beauty. Between the unbeatable location, walk-out water access, guest house and valuable dock setup, this property is priced to sell and ready for its next chapter. Opportunities like this in Gaines Bend don't come around often. This home won't last and is priced to sell, being sold as-is, contact agent for more details.
Full Property Details
Full Property Details for 1011 Firewheel Trail
General
- Price: $1,800,000
- HOA FEE: $67/month
- HOA FEE FREQ.: Annually
- Taxes: $19,605
- Status: Active
- Type: Single Family
- Source: NTREIS
- MLS ID: 21314868
- Updated: 7/3/2026
- Added to Site: 8 day(s) ago
Interior
- Interior Features: Eat-in Kitchen, Granite Counters, High Speed Internet, Open Floorplan, Cable TV, Walk-In Closet(s)
- Appliances: Dishwasher, Electric Cooktop, Electric Oven, Microwave
- Flooring: Carpet, Hardwood, Tile
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 3
Other Rooms
- Laundry: Laundry in Utility Room
Exterior
- Exterior Features: Boat Slip, Deck, Dock, Other
- Porch/Patio/Deck: Covered, Deck
Parking
- Garage: Yes
- Garage Spaces: 2
- Carports: Yes
- Carport Spaces: 2
- Covered Spaces: 4
- Parking Features: Attached Carport, Additional Parking, Asphalt, Driveway, Garage, Boat, RV Access/Parking
Location
- County: Palo Pinto
- Subdivision: Gaines bend
- Driving Directions: gps friendly
School Information
- Elem School District: Palo Pinto ISD
- Midd School District: Palo Pinto ISD
- High School District: Palo Pinto ISD
- Elementary School: Palo Pinto
- Middle School: Palo Pinto
- High School: Mineral Wells
Community
- Gated community: Yes
- Association: Yes
- Assoc. Name: Gaines Bend POA
- Assoc. Fees Include: All Facilities
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Ceiling Fan(s), Electric, Window Unit(s)
- Heating Type: Central, Electric
Utilities
- Sewer: Septic Tank
- Water: Public
- Cable Available: Yes
- Utility Description: Septic Available, Water Available, Cable Available
Structural Information
- Property Detached: Yes
- Architectural Style: Detached
- Structure Type: House
- Detached/Attached: Detached
- Windows: Window Coverings
- Stories/Levels: 1
- Living Area: 2,324 Sq. Ft.
- Year Built: 1996
Additional Structures
- Other Structures: Garage(s), Guest House
Lot Features
- Property View: Water
- Lot Size (Acres): 0.56
- Lot Size (Sq. Ft.): 24,393.6
- Lot Features: Cleared, Cul-De-Sac, Level, Subdivision, Waterfront
- Fencing (Description): Chain Link
Water Features
- Water Front: Yes
- Water View: Yes
- Water Front Name: Possum Kingdom
- Water Front Desc.: Boat Dock/Slip, Boat Ramp/Lift Access, Lake Front, Waterfront
- Lake Front: Yes
- Boat Dock Slip: Yes
Financial Considerations
- For Sale/Rent/Lease: For Sale
- Association Fee: $800
- Assoc Fee Freq.: Annually
- Tax Amount: $19,605
- Terms: Cash, Conventional
Disclosures and Reports
- Legal Description: ACRES: 0.560 GAINES BEND PK LAKE BLK 1 LOT 59
- Exclusions: personal items
- Property ID: 16375
- Block: 1
- Lot Number: 59
Listed by eXp Realty, LLC, Shayne Jacobs
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Schools
Schools serving 1011 Firewheel Trail
School District:Palo Pinto Independent School District
| Name | Grades | Distance |
|---|---|---|
Palo Pinto Elementary School 821 Oak Street, Palo Pinto, TX 76484 | PK-6 | 11.5 mi |
Mineral Wells High School 3801 Ram Boulevard, Mineral Wells, TX 76067 | 9-12 | 22.4 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1011 Firewheel Trail
Date
Details
Price
Change
Source
7/03/2026
Listed
$1,800,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1011 Firewheel Trail
Year
Property Taxes
Change
Tax Assessment
Change
2025
$19,966
18%
$1,506,700
-3%
2023
$16,898
—
$1,548,150
24%
2023
$16,898
-12%
$1,246,350
—
2022
$19,096
33%
$1,246,350
52%
2021
$14,404
21%
$821,830
27%
2020
$11,926
13%
$648,220
14%
2019
$10,562
-14%
$566,860
-12%
2018
$12,235
6%
$647,810
3%
2017
$11,497
3%
$627,140
1%
2016
$11,208
—
$619,970
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1011 Firewheel Trail
1011 Firewheel Trail, Graford, TX 76449 (MLS# 21314868) is a Single Family property with 3 bedrooms and 2 full bathrooms. 1011 Firewheel Trail is currently listed for $1,800,000 and was received on July 03, 2026. Want to learn more about 1011 Firewheel Trail? Do you have questions about finding other Single Family real estate for sale in Graford? You can browse all Graford real estate or contact a Coldwell Banker agent to request more information.

