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$535,000

Price Reduction
Last reduced: Jan. 14th, 2026
Reduction of
- $84,000 (13.57%)
Previous Price
$619,000
For Sale
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Lot 285 E Hells Gate Dr, Possum Kingdom Lake, TX 76449


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Estimated Monthly Payment
Mortgage (P&I)
$2,668.76
Estimated Tax
$446.42
Maintenance / HOA
$66.67
Homeowners Insurance
$356.67
Estimated Total
$3,538.51
*Estimate based on a typical 30 year fixed mortgage @ 6.37% APR, with 20% down payment and an HOI estimasted at .8% of price annually. Actual payments may be higher or lower. Information from Monthly Payment needs to be independently verified and not relied upon since the figure provided could be based on inaccurate presumptions.
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0.73 Lot Acres
Land / Unimproved Land
336 Day(s) on HAR.com

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About this property

Stunning Cliffside Lot Overlooking Iconic Hells Gate Cove in Gaines Bend on Possum Kingdom Lake. Don’t miss this rare opportunity to own a premium elevated homesite with panoramic views of the legendary Hells Gate Cove and Devils Island. This exceptional location offers breathtaking dual lake views into PK's most popular Lake Cove and views to the cove behind —even from the ground level. Perfectly positioned for your custom dream home, this lot is ideal for an infinity pool, sprawling lakefront patios, and a luxurious estate getaway. Located one of the most premier gated communities at Possum Kingdom Lake, enjoy the perfect blend of privacy and upscale living with minimal building restrictions. Property owners have access to a private boat launch and day slips, with full-time boat slips available for lease at nearby Marina. Build your private lakefront sanctuary in one of Texas’ most sought-after waterfront destinations. Ideal for vacation homes, investment properties, or full-time luxury living.

Measurement in Ft-in Measurement in Metric
MLS#
NTREIS-20921149
List Price
$535,000
Price Reduction
Last reduced: Jan. 14th, 2026
Reduction of
- $84,000 (13.57%)
Previous Price
$619,000
Listing Status
For Sale
Address
Lot 285 E Hells Gate Dr
City
Possum Kingdom Lake
State
TX
Zip Code
76449
County
Palo Pinto County
Subdivision
Gaines Bend
Legal Description
ACRES: 0.725 GAINES BEND PK LAKE BLK 1 LOT 28
Property Type
Land / Unimproved Land
Lot Size
0.73 Lot Acres/ASSESSOR
LP / Acre
$737,931 / Acre
Maintenance Fee
$800 / Annually
Road Frontage
PrivateE

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Exterior

Lot Description
Level, Rock Outcropping, Subdivision, Water/Lake View, Waterfront
Water Amenity
Lake Front
Easements
Utilities
Utility
Co-op Electric,Electricity Available,Sewer Available
Road Surface
Private Road
Area Pool
Yes

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Lot Size
0.73 Lot Acres /ASSESSOR
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Disclaimer: Lot configuration and dimensions are estimates, not based on personal knowledge and come from a third party (Digital Map Products); therefore, you should not rely on the estimates and perform independent confirmation as to their accuracy

Financial information

Maintenance Fee
$800/Annually
Maint Fee Includes
Full Use of Facilities,Maintenance Grounds,Security,Sewer,Trash

Extra details you may need to know

Community Features
Boat Ramp,Community Dock,Community Pool,Gated,Lake,Marina

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Listing TaxNumbers
Principal & Interest2,841
Taxes1,242
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Explore school information

Check out assigned and nearby schools along with their detailed ratings and essential information to help you make informed decisions.

Assigned schools

Elementary School Middle School

Palo Pinto Elementary School

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Notice & Disclaimer
School information is computer generated and may not be accurate or current. Buyer must independently verify and confirm enrollment. Please contact the school district to determine the schools to which this property is zoned.

Listing broker

Possum Kingdom Real Estate
1677 Park Road 36, Graford, TX 76449
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Possum Kingdom Real Estate, is a Texas real estate firm, located at 1677 Park Road 36, Graford, TX 76449. Possum Kingdom Real Estate provides a wide range of real estate services. Consumers continue to find value in having a real estate professional help them through the home buying and selling process. The range of services the real estate professionals provide is proving ever more valuable in real estate transactions (financing twists and sales contract intricacies). Please view Possum Kingdom Real Estate current listings.

Buyers and sellers give reviews to the real estate agents for the level of expertise and professionalism they bring to the real estate transaction. View Possum Kingdom Real Estate Agent Roster.
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Information source

North Texas Real Estate Information Systems, Inc.
Source last updated Apr 15, 2026 at 05:38 AM
Listing last updated Jan 14, 2026 at 12:50 AM
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Lot 285 E Hells Gate Dr, Possum Kingdom Lake, TX 76449. View photos, map, tax, nearby homes for sale, home values, school info...

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Listing agent
Keith Hanssen
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