Acreage For Sale on Possum Kingdom Lake

An exceptional opportunity to acquire 320+- acres overlooking Possum Kingdom Lake in the heart of Palo Pinto County, featuring Caudill Mountain, a named county summit rising to approximately 1,360+ feet in elevation. This unique high point offers commanding views of Possum Kingdom Lake on one side and a sweeping valley panorama on the other, creating a rare dual-aspect vantage seldom found on privately held ranch land.
The property showcases dramatic topography with rolling hills, rugged slopes, elevated ridgelines, and scenic high points that provide expansive views from multiple locations. Native oak, mesquite, and cedar blend with open pasture and grassed areas, delivering both visual appeal and functional grazing capacity. Two established stock tanks and a water tap enhance the ranch's recreational and agricultural utility, supporting wildlife and livestock operations. The property benefits from an existing agricultural exemption and is well-suited for cattle operations, hunting, recreational use, and future residential development. The ranch also includes a cellular communications tower generating approximately $500 per month in rental income, with all electrical service and related utility costs paid by the tower operator, providing supplemental passive revenue. With approximately 2,000 feet of FM road frontage, access is provided via an all-weather road and available co-op electric service. The ranch is unzoned and unrestricted, allowing flexibility for a private estate, legacy ranch, recreational retreat, or long-term investment holding. Wildlife is abundant, including whitetail deer, hogs, dove, ducks, and native game species. The varied terrain and vegetation create diverse habitat and natural cover throughout the property. This is a rare opportunity to own a landmark-quality ranch centered around one of Palo Pinto County's signature high points--offering elevation, views, privacy, income potential, and versatility in a premier Possum Kingdom Lake setting.

Property Details

  • Location: Possum Kingdom Lake
  • Acres: 320.000
  • Lakeview: Yes
  • ViewTypes: Lake, Water
  • County: Palo Pinto County
  • Community: ALEX STRINGER
  • MLS #: 21167684

Location

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Contact Information:

Contact Agent
Buyer's Agent: Dave & Judy Smith
REMAX Elite Group
940-456-6144
Please say you found it on Lakehouse.com !
Listing Agent: Charles Horton, The Michael Group, LLC, 214-692-6400, 817-577-9000 Listing Site, Listing Status: Active
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Ad Statistics:

Lake Acreage For Sale in Graford, Texas
Ad Number : 7216548
Viewed: 4 times
Added: Feb 02, 2026
Updated on: Feb 02, 2026
All information provided is deemed reliable but is not guaranteed and should be independently verified.