Date
Details
Price
Change
Source
1/07/2026
Listed
$1,850,000
—
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
PERFECT, NEWER CONSTRUCTION, FURNISHED, PK LAKE RETREAT PROPERTY, with CUSTOM HEATED POOL & SPA, AND DEEP WATER, DOUBLE LEVEL DOCK on the Westside of PK Lake. Built in 2023 and exclusively Designed for Lake Relaxation and Water Fun, in the Gunite Lakeside Pool & Spa with Custom Bar Seating in the water, next to the Outdoor Kitchen and Living Center, and All with Breathtaking Panoramic Views of PK Lake. The 2458 sqft Lakehouse features a Light and Bright Main House with Open Floor Plan, Custom Warm Woods throughout, & Knotty Pine Cabinets, Leather Granite Countertops, Superior Stainless Appliances & Cafe Ovens, Large Eat In Kitchen Island Bar, Sonos Sound System, and Floor to Ceiling Windows to Highlight the Views. The Primary Bedroom Suite on the 2nd Floor features the same Gorgeous Lake Views from both the Bedroom and the Trex Balcony Deck, a Custom Tiled Bathroom, with Stone Sink Vanities and a Large Walk In Closet. Connected to the Main House are 2 more Bedrooms and a Dual Sink Bath & Shower all designed to Max out the Amazing Views and have Easy Access to the Covered Patio, Pool and Dock. The House also has a Generac 26KW Generator. Then on the Double Level Boat Dock there is a Single Boat Slip with Hydro Hoist Boat Lift and Electric Boat Cover & 2 Jet Ski EZ Ports. This is the Lake House of your Dreams designed to Relax and Recharge, and Enjoy the Spectacular Sunrises and Sunsets from the Lakehouse, Patio, Pool and the Dock. Its an easy Drive or Boat ride to 2 Westside Restaurants on the water, and a Beautiful Boat Ride to Restaurants on the Peninsula at PK across the bay, and a Stunning Boat Ride to the Famous Hell's Gate as well. Its also a short 20min drive to the Small Charming Town of Graham for Dining, Shopping, Supplies and Amenities. This could be your Piece of Paradise at PK, and would also make for an Excellent VRBO Rental with NO Hoa and No Restrictions.
Full Property Details
Full Property Details for 5439 Fm 1148
General
- Price: $1,850,000
- Taxes: $18,272
- Status: Active
- Type: Single Family
- Source: NTREIS
- MLS ID: 21142910
- Updated: 1/7/2026
- Added to Site: 11 day(s) ago
Interior
- Interior Features: Built-in Features, Decorative/Designer Lighting Fixtures, Double Vanity, Eat-in Kitchen, Granite Counters, High Speed Internet, Kitchen Island, Open Floorplan, Pantry, Smart Home, Natural Woodwork, Walk-In Closet(s)
- Fireplace: Yes
- Number of Fireplaces: 2
- Fireplace(s): Bedroom, Decorative, Electric, Family Room, Free Standing, Living Room, Pellet Stove
- Appliances: Some Gas Appliances, Built-In Refrigerator, Convection Oven, Dishwasher, Electric Oven, Gas Cooktop, Disposal, Ice Maker, Microwave, Plumbed For Gas, Water Softener, Tankless Water Heater, Vented Exhaust Fan
- Flooring: Wood
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 2
- Half Bathrooms: 2
Bedrooms
- Total Bedrooms: 3
Other Rooms
- Laundry: Laundry in Utility Room, Stacked
Additional Information
- Pool: Yes
- Pool Description: Gunite, Heated, Pool, Pool/Spa Combo
- Equipment: Generator
Exterior
- Exterior Features: Boat Slip, Dock, Gas Grill, Lighting, Outdoor Grill, Outdoor Kitchen, Outdoor Living Area, Private Yard
- Porch/Patio/Deck: Covered
Parking
- Carports: Yes
- Carport Spaces: 2
- Covered Spaces: 2
- Parking Features: Attached Carport, Gated, Kitchen Level
Location
- County: Palo Pinto
- Subdivision: Westside
- Driving Directions: from FM 1287 turn onto FM 1148 and Go 7.3 miles to 5439 on the Lakeside. See Century 21 Sign at Gate.
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, Ceiling Fan(s), Electric
- Heating Type: Central, Electric, Fireplace(s), Pellet Stove, Radiant Floor
Utilities
- Sewer: Aerobic Septic
- Utility Description: Septic Available
Structural Information
- Architectural Style: Traditional
- Structure Type: House
- Detached/Attached: Attached
- Construction: Brick, Rock, Stone, Wood Siding
- Roof: Metal
- Windows: Window Coverings
- Stories/Levels: 2
- Living Area: 2,458 Sq. Ft.
- Year Built: 2023
Additional Structures
- Other Structures: Outdoor Kitchen
Lot Features
- Property View: Park/Greenbelt, Water
- Lot Size (Acres): 0.456
- Lot Size (Sq. Ft.): 19,863.36
- Lot Size Source: Assessor
- Lot Features: Waterfront, Retaining Wall
- Trees/Vegetation: Cleared
- Fencing (Description): Gate, Metal
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
Financial Considerations
- For Sale/Rent/Lease: For Sale
- Tax Amount: $18,272
- Terms: Cash, Conventional, 1031 Exchange
Disclosures and Reports
- Documents Avail.: Aerial
- Legal Description: ACRES: 0.456 PK LAKE 29-1-72 AREA 6-Q LOT 7S
- Exclusions: Personal Belongings Art and some Furnishings to be noted in an Exclusion List by Seller.
- Property ID: 23365
- Lot Number: 7S
Listed by Century 21 Mike Bowman, Inc., Maggie Burgess and Century 21 Mike Bowman, Inc., Matthew Renfro
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Listing agents
— 5439 Fm 1148 —
Maggie Burgess
Century 21 Mike Bowman, Inc.
Matthew Renfro
Century 21 Mike Bowman, Inc.
817-354-7653
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 5439 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 5439 Fm 1148
Tax History
Tax History for 5439 Fm 1148
Year
Property Taxes
Change
Tax Assessment
Change
2024
$14,896
164%
$1,323,960
10%
2023
$5,649
—
$1,202,100
167%
2023
$5,649
-10%
$449,680
-54%
2022
$6,310
-41%
$977,540
55%
2021
$10,780
11%
$632,710
21%
2020
$9,707
13%
$522,690
13%
2019
$8,625
10%
$460,810
11%
2018
$7,834
2%
$413,670
—
2017
$7,712
8%
$413,670
7%
2016
$7,112
—
$387,170
—
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 5439 Fm 1148
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5439 Fm 1148, Possum Kingdom Lake, TX 76450 (MLS# 21142910) is a Single Family property with 3 bedrooms, 2 full bathrooms and 2 partial bathrooms. 5439 Fm 1148 is currently listed for $1,850,000 and was received on January 07, 2026. Want to learn more about 5439 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.