Peninsula Homes under $250,000

Welcome to Peninsula, a hidden gem nestled in the heart of Possum Kingdom Lake, Texas, within the scenic Palo Pinto County. This charming subdivision offers a perfect blend of tranquility and community, making it an ideal destination for those seeking a serene lifestyle without sacrificing accessibility to modern conveniences.

At Peninsula, you’ll discover a variety of homes that cater to diverse lifestyles and budgets, with many options available for under $250,000. These affordable residences provide an excellent opportunity for first-time homebuyers, retirees, or anyone looking to invest in a peaceful retreat. Each home boasts unique features, from cozy cabins to modern bungalows, all designed to complement the stunning natural beauty that surrounds the area.

Living in Peninsula means embracing a lifestyle filled with outdoor adventures. With Possum Kingdom Lake at your doorstep, residents can enjoy a myriad of activities such as boating, fishing, hiking, and swimming. The lush landscapes and rolling hills create a picturesque backdrop for family gatherings, weekend getaways, or simply unwinding after a long day.

Community spirit thrives in Peninsula, where neighbors become friends and every gathering is a celebration of life. With local amenities just a short drive away, including shopping, dining, and entertainment options, you’ll find everything you need within easy reach.

If you’re dreaming of a home in a peaceful setting where nature meets community, Peninsula is waiting for you. Explore the possibilities today and make your dream of homeownership a reality in this enchanting corner of Texas!

Newest Peninsula Homes under $250,000

2334 Sanbar Road Unit 60, Possum Kingdom Lake

$55,000

2 Beds ⋅ 2 Baths ⋅ 21328783 MLS

Welcome to lake living in the desirable Golden Cove community at the end of the Possum Kingdom Lake peninsula! This charming waterfront retreat sits on PK’s Broadway waters, just a short boat ride from Hell’s Gate, the dam, and popular waterfront dining spots. Perfect as a weekend getaway, summer retreat, retirement home, or peaceful full-time residence, this move-in-ready property offers an affordable way to enjoy the beauty of Possum Kingdom Lake. Mature oak trees, sandy shoreline, abundant wildlife, stunning sunsets, and crystal-clear water create the ideal lake setting in The Cove. The spacious covered deck with built-in bar is perfect for entertaining or relaxing outdoors. The grassy yard provides room to unwind and enjoy visits from neighborhood deer, while the fenced backyard offers a secure space for small pets. Gravel areas provide easy maintenance and plenty of parking for guests and lake toys. Inside, the open-concept living, dining, and kitchen area creates a welcoming gathering space. The home features two bedrooms, each with its own en-suite bathroom, positioned on opposite ends for privacy. Recent updates include a stylish walk-in shower in the primary bath. Enjoy the peaceful atmosphere of this quiet lakeside retreat. Most furnishings convey, making this home ready for immediate enjoyment. Golden Cove offers a welcoming community with amenities including a private boat ramp, dock, swim cove, community events, and guest cabins. The current lot lease is approximately $865 per month, with the landowner responsible for property taxes on the lot; owners pay taxes only on improvements. Short-term rentals (VRBO) are not permitted.

2334 Sanbar Road Unit 60, Possum Kingdom Lake

2334 Sanbar Road Unit 46, Possum Kingdom Lake

$37,000

3 Beds ⋅ 2 Baths ⋅ 21295637 MLS

BARGAIN PRICED LAKE PLACE! Ask about possible owner financing!Sellers change of plans is Buyers bonus! This comfortable lake home is located just across from the Golden Cove shoreline, close enough to hear the water splash from the fully covered deck that spans the length of the house. The basics are here, along with some improvements - recently leveled, metal roof, nearly new exterior paint, pex water lines throughout, great AC unit. In addition to a home, a purchase in the Golden Cove community puts you right at the end of the Possum Kingdom Lake Peninsula with a deep water community boat ramp & dock so you can get to all the lake attractions quickly. Plus, it comes with a built-in Lake Family! Leased land.

2334 Sanbar Road Unit 46, Possum Kingdom Lake

2334 Sanbar Road Unit 22, Possum Kingdom Lake

$170,000

3 Beds ⋅ 2 Baths ⋅ 21267322 MLS

Nestled in an ideal lakefront location overlooking the peaceful cove, this beautiful property offers the perfect blend of relaxation and community living. Enjoy stunning water views from the spacious covered porch, the perfect spot for morning coffee, evening sunsets, or entertaining guests year round. With a setting that captures both privacy and natural beauty, this home is located in a highly desirable community known for its welcoming atmosphere and exceptional surroundings. Whether you’re seeking a full time residence or a weekend retreat, this property delivers the best of lakeside living. Leasehold land, price TBD. Home is sold furnished, less personal items.

2334 Sanbar Road Unit 22, Possum Kingdom Lake

Start Your Search

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.

Last updated: