Date
Details
Price
Change
Source
10/29/2025
Listed
$815,000
—
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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1/25
$815,000
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1/25
Property Description
Waterfront Cabin on Possum Kingdom Lake with a 2-story dock! Awesome lakefront cabin located on the sought-after West Side of Possum Kingdom Lake featuring a 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.
Full Property Details
Full Property Details for 4551 Fm 1148
General
- Price: $815,000
- Taxes: $5,518
- Status: Active
- Type: Single Family
- Source: NTREIS
- MLS ID: 21097550
- Updated: 10/30/2025
- Added to Site: 81 day(s) ago
Interior
- Interior Features: High Speed Internet, Open Floorplan, Paneling/Wainscoting
- Fireplace: Yes
- Number of Fireplaces: 1
- Fireplace(s): Wood Burning
- Appliances: Electric Cooktop, Electric Oven, Electric Range, Electric Water Heater, Microwave, Refrigerator
- Flooring: Luxury Vinyl Plank
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 3
Additional Information
- Security/Safety: Security Gate
Exterior
- Exterior Features: Dock, Private Yard
- Porch/Patio/Deck: Covered
Parking
- Carports: Yes
- Carport Spaces: 2
- Covered Spaces: 2
- Parking Features: Additional Parking, Concrete, Covered, Detached Carport, Electric Gate, Gated, Private, Boat, RV Access/Parking
Location
- County: Palo Pinto
- Subdivision: Pk Lake
- Driving Directions: South out of Graham on FM 1287. Left on FM 1148. Cabin is on the right just before you get to Bass Hollow entrance
School Information
- Elem School District: Graford ISD
- Midd School District: Graford ISD
- High School District: Graford ISD
- Elementary School: Graford
- Middle School: Graford
- High School: Graford
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Wall/Window Unit(s)
- Heating Type: Central, Fireplace(s)
Utilities
- Sewer: Septic Tank
- Water: Community/Coop
- Utility Description: Electricity Available, Septic Available, Water Available
Structural Information
- Property Detached: Yes
- Structure Type: House
- Detached/Attached: Detached
- Roof: Metal
- Stories/Levels: 1
- Living Area: 2,194 Sq. Ft.
- Year Built: 1986
Additional Structures
- Other Structures: Workshop
Lot Features
- Lot Size (Acres): 0.474
- Lot Size (Sq. Ft.): 20,647.44
- Lot Features: Back Yard, Interior Lot, Lawn, Waterfront
- Fencing (Description): Full, Gate
Water Features
- Water Front: Yes
- Water Front Name: Possum Kingdom
- Water Front Desc.: Boat Dock/Slip, Lake Front, Waterfront
- Lake Front: Yes
Financial Considerations
- For Sale/Rent/Lease: For Sale
- Tax Amount: $5,518
Disclosures and Reports
- Legal Description: ACRES: 0.474 PK LAKE 20-3-1 AREA 6-J LOT 17A
- Exclusions: HydroHoist lift system as it is custom fitted and boat. (seller would consider an acceptable offer) white rocking chair in living room
- Property ID: 23051
- Lot Number: 17A
Listed by Smart Realty, Ava Fernandez
We Value Your Privacy
We Value Your Privacy
We Value Your Privacy
Listing agent
— 4551 Fm 1148 —
Ava Fernandez
Smart Realty
817-999-3067
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 4551 Fm 1148
School District:Graford Independent School District
| Name | Grades | Distance |
|---|---|---|
Graford High School 400 West Division Street, Graford, TX 76449 | PK-12 | 14.5 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 4551 Fm 1148
Tax History
Tax History for 4551 Fm 1148
Year
Property Taxes
Change
Tax Assessment
Change
2024
$6,195
12%
$489,600
16%
2023
$5,518
—
$423,270
13%
2023
$5,518
-4%
$373,880
—
2022
$5,762
44%
$373,880
63%
2021
$4,000
-6%
$229,640
—
2020
$4,265
18%
$229,640
19%
2019
$3,608
-1%
$192,790
—
2018
$3,651
2%
$192,790
—
2017
$3,594
2%
$192,790
1%
2016
$3,521
—
$191,690
—
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 4551 Fm 1148
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4551 Fm 1148, Possum Kingdom Lake, TX 76450 (MLS# 21097550) is a Single Family property with 3 bedrooms and 2 full bathrooms. 4551 Fm 1148 is currently listed for $815,000 and was received on October 29, 2025. Want to learn more about 4551 Fm 1148? 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.