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.
For sale
$895,000
1505 McAdams Rd, Graford, TX 76449
3beds
2,107sqft
Est.:
Single Family Residence
Built in 1960
0.38 Acres Lot
$-- Zestimate®
$425/sqft
$-- HOA
What's special
Protected no-wake coveLevel lakefront lotLow-maintenance roofMature treesLevel spacious yardSunset views
- 224 days |
- 273 |
- 8 |
Zillow last checked: 8 hours ago
Listing updated: September 26, 2025 at 11:25am
Listed by:
Vee Hanssen 0440948 (940)779-1111,
Possum Kingdom Real Estate 940-779-1111,
Darcie Vescera 0775758 940-456-5505,
Possum Kingdom Real Estate
Source: NTREIS,MLS#: 20933743
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Primary bedroom
- Level: First
- Dimensions: 0 x 0
Dining room
- Level: First
- Dimensions: 0 x 0
Living room
- Level: First
- Dimensions: 0 x 0
Heating
- Central, Fireplace(s)
Cooling
- Central Air, Ceiling Fan(s)
Appliances
- Included: Gas Water Heater, Microwave
- Laundry: Washer Hookup
Features
- Eat-in Kitchen, Tile Counters
- Flooring: Carpet, Linoleum
- Windows: Window Coverings
- Has basement: No
- Number of fireplaces: 1
- Fireplace features: Wood Burning
Interior area
- Total interior livable area: 2,107 sqft
Video & virtual tour
Property
Parking
- Parking features: No Garage
Features
- Levels: One
- Stories: 1
- Patio & porch: Covered
- Exterior features: Dock, Outdoor Grill
- Pool features: None
- Fencing: Fenced,Wood
- On waterfront: Yes
- Waterfront features: Boat Dock/Slip, Lake Front
- Body of water: Possum Kingdom
Lot
- Size: 0.38 Acres
- Features: Few Trees, Retaining Wall
- Residential vegetation: Grassed, Partially Wooded
Details
- Parcel number: 14908
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Frame, Steel Siding
- Foundation: Pillar/Post/Pier
- Roof: Metal
Condition
- Year built: 1960
Utilities & green energy
- Sewer: Septic Tank
- Water: Community/Coop
- Utilities for property: Septic Available, Water Available
Community & HOA
Community
- Subdivision: Constantin
HOA
- Has HOA: No
Location
- Region: Graford
Financial & listing details
- Price per square foot: $425/sqft
- Tax assessed value: $814,730
- Annual tax amount: $11,925
- Date on market: 5/16/2025
- Cumulative days on market: 185 days
- Listing terms: Cash,Conventional,1031 Exchange
- Road surface type: Asphalt
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 7/7/2025 | Price change | $895,000-3.2%$425/sqft |
Source: NTREIS #20933743 Report a problem | ||
| 7/2/2025 | Price change | $925,000-2.1%$439/sqft |
Source: NTREIS #20933743 Report a problem | ||
| 6/24/2025 | Price change | $945,000-5%$449/sqft |
Source: NTREIS #20933743 Report a problem | ||
| 5/27/2025 | Price change | $995,000-13.5%$472/sqft |
Source: NTREIS #20933743 Report a problem | ||
| 5/16/2025 | Listed for sale | $1,150,000$546/sqft |
Source: NTREIS #20933743 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $814,730 |
| 2024 | $11,881 +19% | $814,730 +20.4% |
| 2023 | $9,983 -4.2% | $676,430 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$5,560/mo
Principal & interest
$4292
Property taxes
$955
Home insurance
$313
Climate risks
Neighborhood: 76449
Nearby schools
GreatSchools rating
- 6/10Graford High SchoolGrades: PK-12Distance: 11.1 mi
Schools provided by the listing agent
- Elementary: Graford
- Middle: Graford
- High: Graford
- District: Graford ISD
Source: NTREIS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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