# 4551 FM 1148, Possum Kingdom Lake, TX 76450

> **TL;DR:** 3bd/2ba single family, $799,000 ($364/sqft), built 1986, 2,194 sqft.
> Fireplace, Waterfront, RV Parking. Est. $3,462/mo.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $799,000 |
| Price/sqft | $364 |
| Bedrooms | 3 |
| Bathrooms | 2 full |
| Square Feet | 2,194 |
| Year Built | 1986 |
| Lot Size | 20,647 sqft (0.47 acres) |
| Stories | 1 |
| Property Type | Single Family (Single Family Residence) |
| Status | For Sale |
| Days on Market | 0 |

## Why This Home Stands Out

- **Waterfront** - Direct water access

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $3,462 |
| **Total** | **$3,462** |

## Nearby Schools

- **Elementary:** Graford

## Key Amenities

- Fireplace
- Waterfront
- RV Parking

## Property Highlights

- Built in 1986
- 0.47 acre lot
- Fireplace
- Waterfront

## Description

### Agent Description
The price changed just in time for summer, but the million-dollar lake views didn’t! Waterfront home on Possum Kingdom Lake with a 2-story dock! Designed for making memories, this lakefront retreat located on the sought-after West Side of Possum Kingdom Lake features a large 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. Motivated seller! Your summer 2026 could be spent here! Sunsets, boating, and lake life included.

## Location

- **Address:** 4551 FM 1148, Possum Kingdom Lake, TX 76450
- **County:** Palo Pinto
- **Neighborhood:** West Side
- **Coordinates:** 32.9015325, -98.5580271
- **Google Maps:** https://www.google.com/maps?q=32.9015325,-98.5580271

## Listing Agent

- **Name:** Ava Fernandez
- **Brokerage:** Smart Realty
- **Phone:** 8179993067
- **Email:** avaleefernandez@gmail.com

## Primary Photo

![4551 FM 1148 - Primary Photo](http://lh.rdcpix.com/51f67c3bae2f6c7ec851b500e343154el-f2547696109r.jpg)

*25 total photos available on [listing page](https://www.propertysimple.com/listing/4551-fm-1148-possum-kingdom-lake-tx-76450-21269990)*

---

**MLS#:** 21269990 | **Updated:** 2026-06-19
**Source:** listhub

*Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/4551-fm-1148-possum-kingdom-lake-tx-76450-21269990)

---

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