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$599,000

1059 Airport Road, Possum Kingdom Lake, TX, 76449

On MarketInfo
Beds5 Beds
Baths3 Bath
Baths1,940 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$308.76 / sqft
Year BuiltBuilt in 1976

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 3Bathrooms Full 3
AppliancesDishwasher, Gas Range, Refrigerator
FlooringTile, Wood, Vinyl

Exterior

Exterior FeaturesDock, Fire Pit, Lighting
Lot Size19,863 sqft

Building Information

Year Built1976
Garage Spaces2

Land Information

APN194530000
Lot NumberF
SubdivisionPk Lake 38-1-50 Area 11
Land UseResidential
Legal DescriptionPK LAKE 38-1-50 AREA 11 LOT F (FEE SIMPLE .394 AC & FERC .062 AC) G#P0500-00-11000-00F-00-0 DOCK #5750/N TEX0196502/03 MPHMAK
Census Tract000100
Assessed Land Value$278,080
Assessed Improvement Value$104,260
Assessment Year2025

About this property

Lakefront home on the peaceful North Shores of Possum Kingdom Lake surrounded by mature trees. The main home offers large open living space. Eat in Kitchen with gas range. Dining space with dry bar and tons of storage options. The oversized primary bedroom with ensuite bath boasts a garden tub, dual sinks and 2 extra large walk in closets. Two guest rooms separated by 2nd bathroom offer ample space for guests. The separate bunk house with 2 additional bedrooms and half bath, make this property ideal for rental investment. Huge kid friendly play yard and sandy beach lake frontage. Expansive covered lakeside deck to wile away the hours, entertain or just take in the unbeatable sunsets. Jump in the lake from your swim platform dock or tie up your watercraft. Plus this property is ideally located within walking distance to PK Airport. Don't let this one get away!

Investor Tools

Property Icon
$593,000
Estimated Property Value
$0Estimated Mortgage Balance
$568,161Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,594 /month
Positive
Cash Flow Estimate:
$1,198 /month

Interested in this property?

Valerie Klapper

Coldwell Banker Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$705/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,494
$382,340
2025
$278,080
$104,260
$382,340
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,494
$382,340

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Graham Saving &Loan Fa
N/A
$39,622
N/A
First
Nov 11, 2010
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$24,839
$568,161
95%
4%
$0/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Possum Kingdom Lake

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