Residential Land for Sale in Graford, Texas

Discover the perfect opportunity to build your dream home on this expansive 1.47-acre homesite located in the prestigious, gated community of The Reserve at Gaines Bend near Possum Kingdom Lake. Nestled on a quiet interior lot, this parcel offers a peaceful setting with level terrain and light tree coverage--ideal for new construction. While not directly on the water, the property boasts partial lake views and grants access to top-tier community amenities, including a private marina, boat launch, and scenic shoreline common areas. All essential utilities are available, with the water tap fee already paid and streets in place, making this lot ready for immediate development. With a low-maintenance HOA fee of $1,350 per year and thoughtful deed restrictions that protect property values (no mobile homes allowed), you can enjoy both privacy and a strong sense of neighborhood pride. Whether you're planning a weekend retreat or a full-time lake residence, this homesite offers a rare blend of space, convenience, and lifestyle--all just minutes from one of Texas' most sought-after lake destinations.