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$895,000

Est. payment - /mo

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3 Beds

2 Baths

2,107 SqFt

Price Dropped by $30K

1505 McAdams Road Possum Kingdom Lake, TX 76449

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J. Monique Clark

monique@primerealtydfw.com +1(662) 590-6650

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Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 2,107 sqft

Price per Sqft $424

Subdivision Constantin

MLS Listing ID 20933743

Bedrooms 3

Full Baths 2

HOA Y/N None

Year Built 1960

Annual Tax Amount $11,925

Lot Size 0.385 Acres

Acres 0.385

Property Sub-Type Single Family Residence

Property Description

Prime Lakefront Opportunity! This older 3-bed, 2-bath cabin sits on a prime, level lakefront lot in a protected no-wake cove with 20'+ deep water at the dock—ideal conditions for a high-end custom build or luxury vacation retreat. The existing cozy cabin offers large windows with lake views, an open kitchen-living area, a finished room just off the kitchen serves as convenient storage, and a covered porch facing the water, but the real value lies in the incredible lakefront lot: level spacious yard with seawall and easy level walk out to a nice covered deep water boat dock, mature trees, and sunset views that set the stage for a spectacular new build. With steel siding, low-maintenance roof, and comes furnished with short-term rental potential, you can generate income now while planning your future dream project. Lakefronts in popular areas with all these desirable characteristics like this are hard to find—redevelop now or hold for long-term value.

Location

State TX

County Palo Pinto

Direction From the Welcome Center turn left heading east drive 1.2 miles turn left onto McAdams. Drive 900 feet at location is on your left.

Rooms

Dining Room 1

Interior

Interior Features Eat-in Kitchen, Tile Counters

Heating Central, Fireplace(s)

Cooling Ceiling Fan(s), Central Air

Flooring Carpet, Linoleum

Fireplaces Number 1

Fireplaces Type Wood Burning

Appliance Gas Water Heater, Microwave

Heat Source Central, Fireplace(s)

Laundry Washer Hookup

Exterior

Exterior Feature Covered Patio/Porch, Dock, Outdoor Grill

Fence Fenced, Wood

Utilities Available Asphalt, Co-op Water, Septic

Waterfront Description Dock – Covered,Lake Front,Retaining Wall – Concrete

Roof Type Metal

Garage No

Building

Lot Description Few Trees

Story One

Foundation Pillar/Post/Pier

Level or Stories One

Structure Type Frame,Steel Siding

Schools

Elementary Schools Graford

Middle Schools Graford

High Schools Graford

School District Graford Isd

Others

Ownership Rowland

Acceptable Financing 1031 Exchange, Cash, Conventional

Listing Terms 1031 Exchange, Cash, Conventional

Special Listing Condition Aerial Photo

Virtual Tour https://www.propertypanorama.com/instaview/ntreis/20933743

North Texas Real Estate Info Systems (NTREIS) -MetroTex and Collin County (CCAR)

Listed by Darcie Vescera • Possum Kingdom Real Estate

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J. Monique Clark

Agent | License ID: 0783848

+1(662) 590-6650