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Lot 285 E Hells Gate Drive
Possum Kingdom Lake, Texas 76449

County: Palo Pinto Gaines Bend

Stunning Cliffside Lot Overlooking Iconic Hells Gate Cove in Gaines Bend on Possum Kingdom Lake. Don’t miss this rare opportunity to own a premium elevated homesite with panoramic views of the legendary Hells Gate Cove and Devils Island. This exceptional location offers breathtaking dual lake views into PK's most popular Lake Cove and views to the cove behind —even from the ground level. Perfectly positioned for your custom dream home, this lot is ideal for an infinity pool, sprawling lakefront patios, and a luxurious estate getaway. Located one of the most premier gated communities at Possum Kingdom Lake, enjoy the perfect blend of privacy and upscale living with minimal building restrictions. Property owners have access to a private boat launch and day slips, with full-time boat SLIPS available for lease at NEARBY MARINA. Build your private lakefront sanctuary in one of Texas’ most sought-after waterfront destinations.Ideal for vacation homes, investment properties, or full-time luxury living.

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Essential Information

  • Price$485,000
  • Reduced By$134,000
  • Cumulative Days on MarketUnlock
  • MLS® #20921149
  • Acres0.73
  • TypeLand
  • Sub-TypeUnimproved Land
  • StatusActive
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Quick Valuation Analysis from 6 Active Listings

Pricing Trends from 6 Active Listings in Gaines Bend

This Home's Price $485,000 This Home's Price Per SqFt $
Average Price $686,500 Average Price Per SqFt $
Highest Price $1,500,000 Highest Price Per SqFt $
Lowest Price $115,000 Lowest Price Per SqFt $

Property Details

School Information

Community

  • AddressLot 285 E Hells Gate Drive
  • SubdivisionGaines Bend
  • CityPossum Kingdom Lake
  • CountyPalo Pinto
  • StateTexas
  • Zip Code76449
  • HOAMandatory
  • HOA Fees$800
  • HOA Fees FrequencyAnnually
  • FeaturesBoat Ramp, Community Dock, Community Pool, Gated, Lake, Marina
  • UtilitiesCo-op Electric, Electricity Available, Sewer Available
  • Taxes5357

Amenities

  • WaterfrontYes
  • WaterfrontLake Front

Exterior

  • Lot DescriptionLevel, Rock Outcropping, Subdivision, Water/Lake View, Waterfront

Additional Information

  • Zoningresidential

Private Listing Information (Registration Required)

Listing Details

  • AgentJonathan Fowler
  • OfficePossum Kingdom Real Estate

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Listing information last updated on November 6th, 2026 at 5:00am CST.