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$1,695,000

2241 Fm 2951, Possum Kingdom Lake, TX, 76449

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,524 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1,112.2 / sqft
Year BuiltBuilt in 1960

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 2Bathrooms 2
AppliancesElectric Cooktop, Electric Oven, Refrigerator
FlooringCarpet, Vinyl

Exterior

Exterior FeaturesBalcony, Boat Slip, Dock, Private Entrance, Private Yard
Lot Size1.12 acres

Building Information

Year Built2010
Garage Spaces2

Land Information

APN183880000
Lot Number15
SubdivisionPk Lake 5-2-31 Area 1-11
Land UseResidential
Legal DescriptionPK LAKE 5-2-31 AREA 1-11 LOT 15 DOCK #9004/Y (FEE SIMPLE 1.06 AC & FERC .062 AC) G#P0500-00-01110-015-00-0
Census Tract000100
Assessed Land Value$901,170
Assessed Improvement Value$394,390
Assessment Year2025

About this property

Highly sought after Peninsula location. This Sprawling 1 acre+ waterfront site displays gorgeous oak trees and attractive natural boulders. Enjoy some of the most spectacular views Possum Kingdom has to offer. This property also offers a newer two slip boat dock with a full upper deck for lounging or entertaining. 20+ foot of water depth. Newer fence with electric entry gate for privacy. New 24 x 30 metal shop with attached carport offers ample space for your lake toys. Existing cabin offers 4 bedrooms and 2 baths with a cozy fireplace in the living area. This property offers endless possibilities, your dream home can be built or you can personalize the original cabin.

Investor Tools

Property Icon
$1,342,000
Estimated Property Value
$0Estimated Mortgage Balance
$1,342,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$10,170 /month
Positive
Cash Flow Estimate:
$3,390 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,069/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$18,112
$1,295,560
2025
$901,170
$394,390
$1,295,560
No

Tax History

Year
Tax Paid
Assessed Value
2024
$18,112
$1,295,560

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$1,342,000
100%
0%
$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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2241 Fm 2951 | Property Details | No Agent List