Peninsula Homes for Sale

Welcome to Peninsula, a charming subdivision nestled in the heart of Palo Pinto County, Texas. This picturesque community is a hidden gem that offers the perfect blend of serene living and modern conveniences. Known for its stunning landscapes and friendly atmosphere, Peninsula is an ideal place for families, retirees, and anyone looking to escape the hustle and bustle of city life.

Homes for sale in Peninsula reflect the unique character of this vibrant community. Each property showcases thoughtful designs, spacious layouts, and beautiful outdoor spaces that invite you to enjoy the natural beauty of the surrounding area. Whether you're seeking a cozy retreat or a spacious family home, you'll find a variety of options tailored to suit your lifestyle.

One of the standout features of Peninsula is its proximity to breathtaking lakes and parks, perfect for outdoor enthusiasts. Spend your weekends fishing, hiking, or simply soaking in the tranquility that nature provides. The community is also conveniently located near local shops, dining, and entertainment, ensuring that all your needs are just a stone's throw away.

With a strong sense of community and a welcoming spirit, Peninsula is not just a place to live; it's a place to thrive. The friendly neighbors and engaging community events foster a sense of belonging that makes you feel right at home.

Explore the available homes for sale in Peninsula today and discover the perfect fit for your lifestyle in this idyllic Texas community. Your dream home awaits!

Newest Peninsula Homes for Sale

$1,900,000

4 Beds ⋅ 3 Baths ⋅ 21317687 MLS

Tucked beneath a canopy of mature oak trees, this recently remodeled waterfront retreat offers privacy, beautiful lake views, and an exceptional setting just steps from the water. Beyond the gated entrance, the home opens to refreshed interiors designed for comfortable lake living and effortless entertaining. The main level features an inviting living space anchored by a dramatic stone fireplace and custom cabinetry, while large openings lead to an expansive lakeside balcony overlooking the water. The updated kitchen offers generous bar seating and flows naturally into the dining area, creating a central gathering space for family and guests. Upstairs, the private primary suite enjoys an en-suite bath and direct balcony access with peaceful water views. Two additional guest bedrooms provide plenty of room for overnight stays. Downstairs, a spacious den and game room extend the entertaining space, along with a flexible bunk room or fourth bedroom, a secure safe room or additional storage, and direct access to a large covered lakeside patio. Outside, mature trees, natural boulders, and the home's close proximity to the shoreline create a true lakefront escape. A private walkway leads to the two-story dock with a boat slip, making it easy to get on the water whenever you're ready.

2161 Trail Ridge 2, Possum Kingdom Lake

$3,995,000

4 Beds ⋅ 5 Baths ⋅ 21319086 MLS

Designed around expansive lake views and effortless lake living, this custom waterfront home brings together clean modern finishes, generous indoor-outdoor space, and direct access to a deep-water dock. Oversized Marvin sliding doors frame the lake from the main living space and open to the covered lakeside living area, complete with a built-in outdoor kitchen. Positioned to take full advantage of dramatic sunsets, the main level is built for both quiet mornings and full-house entertaining. The kitchen is centered around a 10' x 6' porcelain island and opens naturally to the living and dining areas, giving the home an easy, comfortable flow. Tucked behind the main kitchen, the scullery adds valuable functionality with a secondary refrigerator, built-in microwave, custom cabinetry, and open shelving. A dedicated coffee bar adds convenience for slow mornings, while a glass-walled display nook tucked under the stairs adds a quiet, elegant touch. Upstairs, a spacious second living area serves as a private lounge-style retreat with a wet bar, beverage refrigerator, and access to a second-story covered patio overlooking the lake. The upper level also includes three bedrooms and a dedicated workout room, providing comfortable space for family and guests. Outside, stairs lead to a concrete walkway with direct access to the deep-water dock, keeping the walk from kitchen to boat short and easy. The home’s lake-facing design, elevated outdoor living, and dock access create the full Possum Kingdom waterfront experience. This is more than a house on the lake; it is a home built around the water, the sunsets, and the life that happens in between.

2449 Upper Burma, Possum Kingdom Lake

$1,650,000

4 Beds ⋅ 5 Baths ⋅ 21283911 MLS

This luxuriously remodeled waterfront retreat, perfectly positioned in one of the most sought after areas of Possum Kingdom Lake, offers an exceptional blend of upscale lake living and proven income producing potential. Thoughtfully designed and impeccably updated, this turnkey property is being offered fully furnished, making it ready for immediate enjoyment or continued short term rental success. Inside, the home welcomes you with a bright and sophisticated open concept design featuring soaring vaulted ceilings, expansive windows, and a beautifully refreshed living area that seamlessly combines modern elegance with relaxed lakefront comfort. The inviting fireplace creates a warm focal point for gathering and entertaining, while the spacious layout offers effortless flow throughout the home. Recent enhancements include a stunning new back patio designed for elevated outdoor living, providing the perfect setting for entertaining guests, dining under the stars, or simply enjoying the breathtaking panoramic lake views. Upstairs, multiple flexible living and sleeping spaces comfortably accommodate family and guests alike. This property truly stands apart with its rare sandy beach frontage and newly added private boat dock, delivering direct access to the crystal clear waters of Possum Kingdom Lake and the ultimate luxury lake lifestyle. Beyond its beauty, this home is an established high performing short term rental with a strong presence on Airbnb and VRBO, offering immediate revenue potential for investors or buyers seeking a seamless turnkey opportunity. Whether you are searching for a luxury personal getaway, an income producing asset, or both, this exceptional waterfront property delivers on every level.

1907 Buck Run, Possum Kingdom Lake

$1,000,000

3 Beds ⋅ 2 Baths ⋅ 21237035 MLS

PRICED 70K BELOW PRE-LISTING APPRAISAL!! Experience lakefront living in the Peninsula area of Possum Kingdom Lake with this unique, custom-designed waterfront home built in 2012. Situated on owned land with no leasehold, this 1,888 square foot home offers the perfect blend of comfort, style, and lake lifestyle living. The open concept layout creates an inviting atmosphere for entertaining and everyday living. Featuring 3 bedrooms and 2 bathrooms, all bedrooms are located upstairs, including two large bedrooms with private lake-facing balconies and stunning water views. Seller thoughtfully transformed loft into warm and cozy 76 sf bedroom, creating additional sleeping capacity ideal for bunk room, nursery, or STR optimization. The home also features an energy-efficient ductless mini-split HVAC system with individualized comfort control throughout. Enjoy direct lake access with a private dock and boat lift. Water depth at the end of the dock is approximately 16 to 18 feet when the lake is at full pool. The dock may be repositioned further out if desired with the addition of extended tie lines. A partial basement provides additional storage or a convenient storm shelter. Whether you are utilizing the property as a full-time residence, weekend getaway, or income-producing investment for STR use, this property truly delivers resort-style living in one of Possum Kingdom Lake’s most desirable areas. **Refrigerator, washer, dryer, and still-in-the-box Ring equipment convey**

3101 Park Road 36, Graford

$4,400,000

6 Beds ⋅ 8 Baths ⋅ 21207192 MLS

Experience elevated lakeside living in this exceptional LUXURY NEW CONSTRUCTION LAKEHOUSE estate on the Peninsula of Possum Kingdom Lake. A brand new boat dock is being designed and installed. Situated on a 0.533-acre lot, this thoughtfully designed 5,231 sq ft home blends timeless materials with modern luxury and a lake ready lifestyle. The exterior features cedar wood shake and Grey Granbury stone, delivering lasting curb appeal. Step inside to a grand open concept living area with soaring vaulted ceilings and floor to ceiling windows that capture stunning lake views and fill the home with natural light. The chef’s kitchen offers a large island, custom cabinetry, and seamlessly flows into the living space, anchored by a striking stone fireplace, ideal for entertaining or relaxed lake living. The private primary suite on the main level is a true retreat with huge views, dual vanities, and a spacious walk in closet. Above the garage is a separate In Law suite, complete with a kitchenette that adds even more private guest accommodations. Designed for lake life, the home includes wood and tile flooring, a lakeside mudroom entry for easy “drip dry” access, and dedicated storage for lake toys. IMAGINE breathtaking expansive lakeviews from upper and lower covered patios overlooking Broadway, the deepest, widest part of PK LAKE. Perfect for Summer sunsets!

2441 Upper Burma, Possum Kingdom Lake

$1,387,000

4 Beds ⋅ 3 Baths ⋅ 21238053 MLS

Welcome to true lakefront living on one of the most desirable stretches of the lake, where your home sits just 30–40 feet from the water’s edge and every day feels like a getaway. This thoughtfully designed 0.25-acre property offers the rare combination of low-maintenance living and genuine shoreline access, giving you more time to enjoy the lake and less time worrying about upkeep. The gentle slope into the water leads to a soft, sandy bottom—perfect for swimming, floating, and letting the kids play while you relax on the patio with a full view of the shoreline. Whether it’s a quiet morning coffee or a full weekend of family and friends, this home is built for ease, comfort, and connection. A long private driveway provides parking for 6–8 vehicles, making gatherings effortless. Inside, the 4-bedroom, 3-bath home features an open-concept living and kitchen area that keeps everyone together. The kitchen stands out with a double oven tucked beneath the cabinets and a 6-burner gas stove, offering the space and function needed to cook for a crowd. Large windows frame expansive lake views and fill the home with natural light from sunrise to sunset. And when July 4th arrives, you can enjoy the fireworks—including the legendary Hell’s Gate show—right from your own yard, without the crowds or the hassle. If you’re looking for a low-maintenance lakefront home that delivers comfort, convenience, and unforgettable views, this one offers the lifestyle you’ve been searching for.

2649 Hideaway Ln, Possum Kingdom Lake

$399,000

2 Beds ⋅ 3 Baths ⋅ 21156971 MLS

SPECIAL LABOR DAY PRICING! Proven vacation rental history available to serious prospects. Located on the highly preferred Peninsula section of Possum Kingdom Lake, this inviting cabin offers a serene escape for a vacation stay at the lake, a second home, a primary residence away from the hustle and bustle of the city, or an Income Producing Investment Property. The open-concept main floor features a spacious living area with a great view and cozy fireplace, dining space, and kitchen with modern amenities, a half bath, and a laundry closet. Upstairs offers two bedrooms and two full baths. Everything you need is here - fully furnished and well appointed with bedding, decor, and kitchen tools - just bring your personals and make it yours! The covered back deck and wrap-around porch expand your entertaining space for outdoor gatherings with a view of the lake and steps down to the shore, or enjoy a peaceful cup of coffee as you start your day watching the local waterfowl and the occasional deer wandering nearby. Community amenities include an outdoor fire pit and pool with cabana just a few steps off the deck of this cabin. Less than two hours from the DFW metro area, this is an ideal opportunity for R & R -relaxation and rental income, and you'll be just a few minutes from local dining, entertainment, shopping, banking, churches and medical care. For those looking to keep a boat in the water, the seller will consider throwing in a one year boat slip lease at one of the nearby Marinas!

1525 Madams Rd Unit C, Possum Kingdom Lake

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Listings provided by North Texas Real Estate Information Systems (NTREIS). Listing data has been deemed reliable but is not guaranteed to be accurate by the MLS.

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