lot 42 Water Lilly Ln

Graham, TX 76450

$250,000
Price
30,796 / 0.71
Lot Size / Acres
a view of ocean view with beach
a view of an ocean beach
a view of ocean view
a view of an ocean beach
a view of an ocean beach
a view of a lake and a mountain
a view of ocean view
a view of a lake and mountain
a view of a wooden door
a view of a lake with a nearby beach

Description

Lot 42 at Clearwater Point offers a beautiful 0.707-acre homesite with expansive, unobstructed views of Possum Kingdom Lake. Nestled in the foothills of the Palo Pinto Mountains, this property is located within one of PK’s newest gated luxury communities, blending natural beauty with modern lake living. There is no time limit to build, and owners may choose their own builder, offering the freedom to design a home that fits your lifestyle. Planned community amenities include a clubhouse with resort-style...Lot 42 at Clearwater Point offers a beautiful 0.707-acre homesite with expansive, unobstructed views of Possum Kingdom Lake. Nestled in the foothills of the Palo Pinto Mountains, this property is located within one of PK’s newest gated luxury communities, blending natural beauty with modern lake living. There is no time limit to build, and owners may choose their own builder, offering the freedom to design a home that fits your lifestyle. Planned community amenities include a clubhouse with resort-style pool, skydeck, putting green, pickleball court, lakefront park, community boat docks and launch, underground utilities, and miles of private paved roads behind a secure gated entrance. Whether you’re seeking a weekend getaway or a full-time residence, Lot 42 provides stunning lake views, privacy, and access to premier amenities at Possum Kingdom Lake.
  1. Listed by Merit Holstein • TREC #0762126 • Possum Kingdom Real Estate • (940) 779-1111

Property Details for Lot 42 Water Lilly Lane

Subdivision Name
Clearwater Point
HOA Management Company
Empire Services Group
Zoning Description
Residential
LISTING UPDATED: 01/29/2026 02:42 PM

Property Details for Lot 42 Water Lilly Lane

StatusActive
MLS #21165304
Days on Market27
Taxes-
HOA Fees$1,500 / year
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLots & Acreage / Unimproved Land
Year Built-
Lot Size0.71 AC
CountyPalo Pinto County

Location

Listing Courtesy of Possum Kingdom Real Estate, Merit Holstein
Add your commute

Building Information for Lot 42 Water Lilly Lane

Lot Size0.71 AC

Payment Calculator

$1,343 per month

30 year fixed, 6.15% Interest

Principal and Interest

$1,218

Property Taxes

$0

HOA Dues

$125

The Payment Calculator is for illustrative purposes only.

Property Information for Lot 42 Water Lilly Lane

Summary
Location and General Information
  • Community Features: Boat Ramp, Club House, Community Dock
  • Directions: From Graham go South on FM 1287, turn left on FM 1148, this will lead you to the community.
  • Elementary School: Palo Pinto
  • Elementary School Name: Palo Pinto
  • High School: Palo Pinto
  • High School Name: Palo Pinto
  • Middle School: Palo Pinto
  • School District: Graford ISD
  • Geocode Confidence: High
  • Latitude: 32.91
  • Longitude: -98.47
  • State: Texas
Taxes and HOA Information
  • Tax Legal Description: ACRES: 0.707 LOT: 00042 CLEARWATER POINT LOT
  • Association Fee Includes: Full Use of Facilities
  • Association Type: Mandatory
  • HOA Management Company Phone: 954-798-8998
  • Association Fee: $1,500.00
  • Association Fee Frequency: Annually
Virtual Tour
Interior and Exterior Features
Exterior Features
  • Waterfront: No
Property
Utilities
  • Utilities: Co-op Electric, Community Mailbox
Property and Assessments
  • AG Exemption: No
  • Financing Proposed: Cash, Conventional
  • Loan Type: Treat As Clear
  • Restrictions: Architectural, Building
  • Property Match: APN
Lot Information
  • Development: Plat Approved
  • Easements: None
  • Lot Features: Cleared, Interior Lot, Subdivision, Water/Lake View
  • Lot Size: .5 to < 1 Acre
  • Lot Size Acres: 0.707
  • Lot Size Area: 0.707
  • Lot Size Units: Acres
  • Lot Size Square Feet: 30796.92
  • Multi Parcel ID: No
  • Parcel Number: 569169
  • Current Use: Single Family, Subdevelopment

Property History for Lot 42 Water Lilly Lane

DateEvent & SourcePriceAppreciation
Jan 28, 2026

Listed (Active)

NTREIS #21165304

$250,000—
DateEvent & SourcePrice
01/28/2026

Listed (Active)

NTREIS #21165304

$250,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near Lot 42 Water Lilly Lane

This home is within Graford Independent School District.
Rating
School
Type
Grades
Distance
Graford School
Public - PK to 12
Rating
School
Distance
Graford School
PublicPK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Similar Sold Homes

Explore Nearby Homes

More information about Lot 42 Water Lilly Lane, Graham, TX 76450

Lot 42 Water Lilly Lane is a 0.71 ac of land for sale in Graham, TX 76450. This property was listed for sale on January 28, 2026 by Possum Kingdom Real Estate, it's currently listed at $250,000. This listing's school district is Graford Independent School District. Nearby schools include Graford School. Lot 42 Water Lilly Lane is a 0-bed, 0-bath, 0.71 ac of land on a 30,796 sq. ft. / 0.71 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Possum Kingdom Real Estate, Merit Holstein

The information being provided by North Texas Real Estate Information Systems (NTREIS) and Greater Tyler Association of REALTORS is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. This website may reference real estate listing(s) held by a brokerage firm other than Compass. Any information relating to real estate for sale in Dallas, Texas comes from NTREIS. Listings marked with an icon are provided courtesy of the NTREIS Internet Data Exchange database. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be verified through personal inspection by and/or with appropriate professionals.The data contained herein is copyrighted by NTREIS and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 North Texas Real Estate Information Systems. All rights reserved. Date last updated: 01/29/2026 02:42 PM