Location
Tucked into a quiet, protected cove at the approach to Hell’s Gate, this nearly one-acre Gaines Bend property offers expansive water views, calm no-wake water, and one of the most recognizable locations on Possum Kingdom Lake. The 3-bedroom, 3-bath home is positioned to capture sweeping sunset views while enjoying the privacy of a protected cove just outside the activity of Hell’s Gate. From its elevated setting, you can watch fireworks light up the sky overhead — close enough to enjoy the show, yet removed from the congestion and heavy boat traffic. Designed for gathering and easy lake living, the home opens to layered composite decks that create multiple outdoor living zones. A covered patio with fireplace, grilling station, and open-air lounge areas overlook the water, while a lakeside tiki retreat provides a tucked-away perch near the shoreline. Inside, the layout is comfortable and functional, offering flexibility for weekend guests or full-time lake living. A stone retaining wall and stairway lead to a private dock with boat lift in approximately 12 feet of water at full pool. The nearly one-acre setting provides uncommon elbow room in Gaines Bend — space for lake toys, gatherings, and future personalization. Whether envisioned as a weekend escape or full-time lake residence, this property offers the rare balance of protected water, iconic proximity, and room to make it your own.
Property Details
Price:
$1,495,000
MLS #:
21193524
Status:
Active
Beds:
3
Baths:
3
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
Gaines Bend
Listed Date:
Feb 28, 2026
Finished Sq Ft:
2,199
Lot Size:
40,162 sqft / 0.92 acres (approx)
Year Built:
2012
Schools
School District:
Palo Pinto ISD
Elementary School:
Palo Pinto
Middle School:
Palo Pinto
High School:
Mineral Wells
Interior
Bathrooms Full
3
Cooling
Ceiling Fan(s), Central Air, Electric
Fireplace Features
Wood Burning
Fireplaces Total
1
Flooring
Carpet, Ceramic Tile
Heating
Central, Electric, Fireplace(s)
Interior Features
Cathedral Ceiling(s), Double Vanity, High Speed Internet Available, Kitchen Island, Open Floorplan, Pantry, Vaulted Ceiling(s), Walk- In Closet(s)
Number Of Living Areas
1
Exterior
Community Features
Boat Ramp, Gated
Construction Materials
Siding
Exterior Features
Boat Slip, Dock, Outdoor Grill, RV/Boat Parking
Fencing
None
Lot Size Area
0.9220
Waterfront Features
Dock – Covered, Lake Front
Financial

See this Listing
Aaron a full-service broker serving the Northern DFW Metroplex. Aaron has two decades of experience in the real estate industry working with buyers, sellers and renters.
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Similar Listings Nearby
Community
- Address1002 Cedar Drive Possum Kingdom Lake TX
- SubdivisionGaines Bend
- CityPossum Kingdom Lake
- CountyPalo Pinto
- Zip Code76449
Subdivisions in Possum Kingdom Lake
- Bobwhite Bluffs
- Caddo
- Chapel Hills Estate
- Clearwater Point
- Cliffs
- Cliffs – PH VII
- Cliffs Ph 02
- Cliffs Ph 04
- Cliffs Ph 08
- Cliffs Ph 09
- Cliffs Ph 11
- Cliffs Ph 13
- Cliffs Ph I
- Cliffs Ph V
- Cliffs Ph Vii Sub
- Cliffs Ph X
- Constantin
- Crystal Bay
- Crystal Bay Sub
- District Tr 23-2-48
- Eagle Point Condos
- East Side
- Gaines Bend
- Gainesbend
- Green Valley Acres P
- Hill Country Harbor Condo
- Hills
- Hills Above
- Hills Above PK
- Hills Above Possum Kingdom
- Hills Above Possum Kingdom Lake
- Hills Above Possum Kingdom Lake Ph1 S1
- Hog Bend
- North End
- North End-Sky Camp
- Northend
- Peninsula
- Pk Lake
- PK Lake 3-1-94
- Possum Kingdom Lake
- Ranch
- Ranft
- Reserve Gaines Bend
- Sportsman\’s World
- Sportsmans World
- Sportsmans World 01
- Sportsmans World 05
- Sportsmans World 09
- Sportsmans World 10
- Sportsmans World Sec Ix
- The Cliffs
- The Cliffs Ph Xii
- The Cliffs Resort
- The Hills
- The Hills Above
- The Hills Above Possum Kingdom
- The Hills Above Possume Kingdo
- The Ranch
- The Reserve at Gaines Bend
- The Reserve at Gaines Bend PH 1
- The Willows
- Villa S Bluff Cree
- Water Ridge Estates
- West side
- West Side PK Lake
- Westside
Market Summary
Current real estate data for Single Family in Possum Kingdom Lake as of Mar 21, 2026
74
Single Family Listed
96
Avg DOM
386
Avg $ / SqFt
$1,002,882
Avg List Price
Property Summary
- Located in the Gaines Bend subdivision, 1002 Cedar Drive Possum Kingdom Lake TX is a Single Family for sale in Possum Kingdom Lake, TX, 76449. It is listed for $1,495,000 and features 3 beds, 3 baths, and has approximately 2,199 square feet of living space, and was originally constructed in 2012. The current price per square foot is $680. The average price per square foot for Single Family listings in Possum Kingdom Lake is $386. The average listing price for Single Family in Possum Kingdom Lake is $1,002,882. To schedule a showing of MLS#21193524 at 1002 Cedar Drive in Possum Kingdom Lake, TX, contact your Aaron Layman Properties agent at 940-209-2100.

1002 Cedar Drive
Possum Kingdom Lake, TX




