Date
Details
Price
Change
Source
2/28/2026
Listed
$1,495,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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Property Description
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.
Full Property Details
Full Property Details for 1002 Cedar Dr
General
- Price: $1,495,000
- HOA FEE: $83/month
- HOA FEE FREQ.: Annually
- Taxes: $11,554
- Status: Active
- Type: Single Family
- Source: NTREIS
- MLS ID: 21193524
- Updated: 2/28/2026
- Added to Site: 1 day(s) ago
Interior
- Interior Features: Cathedral Ceiling(s), Double Vanity, High Speed Internet, Kitchen Island, Open Floorplan, Pantry, Vaulted Ceiling(s), Walk-In Closet(s)
- Fireplace: Yes
- Number of Fireplaces: 1
- Fireplace(s): Wood Burning
- Appliances: Dishwasher, Electric Range, Electric Water Heater, Refrigerator
- Flooring: Carpet, Ceramic Tile
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Bedrooms
- Total Bedrooms: 3
Other Rooms
- Laundry: Washer Hookup, Electric Dryer Hookup, Laundry in Utility Room
Additional Information
- Security/Safety: Gated Community
Exterior
- Exterior Features: Boat Slip, Dock, Outdoor Grill
- Porch/Patio/Deck: Deck
Parking
- Parking Features: Additional Parking, Concrete, Driveway, No Garage, Boat, RV Access/Parking
Location
- County: Palo Pinto
- Subdivision: Gaines Bend
- Driving Directions: Enter the Gaines Bend subdivision from Hwy 16. Drive approximately 3.2 miles on Gaines Bend Drive to Cedar Drive and turn left. Continue to the end of the road; the property will be on the left.
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: PMI - Metroplex
- Assoc. Fees Include: All Facilities, Security, Trash
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Ceiling Fan(s), Electric
- Heating Type: Central, Electric, Fireplace(s)
Utilities
- Sewer: Private Sewer
- Water: Community/Coop
- Utility Description: Electricity Available, Overhead Utilities, Sewer Available, Separate Meters, Water Available
Structural Information
- Property Detached: Yes
- Architectural Style: Ranch, Detached
- Structure Type: House
- Detached/Attached: Detached
- Roof: Shingle
- Windows: Window Coverings
- Stories/Levels: 1
- Living Area: 2,199 Sq. Ft.
- Year Built: 2012
Additional Structures
- Other Structures: Gazebo
Lot Features
- Property View: Water
- Lot Size (Acres): 0.922
- Lot Size (Sq. Ft.): 40,162.32
- Lot Size Source: Public Records
- Frontage: Private Road, Asphalt
- Lot Features: Irregular Lot, Subdivision, Sloped, Waterfront
- Fencing (Description): None
Water Features
- Water Front: Yes
- Water View: Yes
- Water Front Name: Possum Kingdom
- Water Front Desc.: Boat Dock/Slip, Lake Front, Waterfront
- Lake Front: Yes
- Boat Dock Slip: Yes
Financial Considerations
- For Sale/Rent/Lease: For Sale
- Association Fee: $1,000
- Assoc Fee Freq.: Annually
- Tax Amount: $11,554
- Terms: Cash, Conventional
Disclosures and Reports
- Documents Avail.: Aerial, Survey
- Legal Description: GAINES BEND PK LAKE BLK 1 LOT 265 & 266
- Disclosures/Rstr.: Deed Restriction
- Property ID: 16521
- Block: 1
- Lot Number: 265
Listed by Berkshire HathawayHS Pondera, Jackie Fewell
We Value Your Privacy
We Value Your Privacy
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Listing agent
— 1002 Cedar Dr —
Jackie Fewell
Berkshire HathawayHS Pondera
9404457622,9404457622
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 1002 Cedar Dr
School District:Palo Pinto Independent School District
| Name | Grades | Distance |
|---|---|---|
Palo Pinto Elementary School 821 Oak Street, Palo Pinto, TX 76484 | PK-6 | 11 mi |
Mineral Wells High School 3801 Ram Boulevard, Mineral Wells, TX 76067 | 9-12 | 22.5 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1002 Cedar Dr
Tax History
Tax History for 1002 Cedar Dr
Year
Property Taxes
Change
Tax Assessment
Change
2024
$7,608
2%
$1,383,250
14%
2023
$7,455
—
$1,209,960
23%
2023
$7,455
-12%
$981,690
-28%
2022
$8,516
-6%
$1,360,860
127%
2021
$9,089
—
$599,320
—
2020
$9,092
9%
$599,320
15%
2019
$8,334
—
$519,080
1%
2018
$8,311
6%
$515,170
2%
2017
$7,858
-3%
$503,410
-4%
2016
$8,091
—
$526,120
—
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 1002 Cedar Dr
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- Single Family
- Active
- Updated 1 day ago
- 3Beds
- 3Total Baths
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1002 Cedar Drive, Possum Kingdom Lake, TX 76449 (MLS# 21193524) is a Single Family property with 3 bedrooms and 3 full bathrooms. 1002 Cedar Drive is currently listed for $1,495,000 and was received on February 28, 2026. Want to learn more about 1002 Cedar Drive? Do you have questions about finding other Single Family real estate for sale in Possum Kingdom Lake? You can browse all Possum Kingdom Lake real estate or contact a Coldwell Banker agent to request more information.