$5,500,000

1007 Wax Wing Cove Graford, TX 76449

Estimated payment $31,995/month

Total Views 16,218
6 Beds
5.5 Baths
5,311 Sq Ft
$1,036 Price per Sq Ft

Highlights

  • Popular Property
  • Lake Front
  • Parking available for a boat
  • Palo Pinto Elementary School Rated A+
  • Docks
  • Community Boat Facilities

About This Home

Experience elevated lakefront living in this 6-bedroom, 5.5-bath luxury smart home in Possum Kingdom Lake's prestigious Gaines Bend community. With 5,311 sq ft across three beautifully designed levels, this fully furnished home blends comfort, style, and entertainment. The gourmet kitchen features premium appliances, dual islands, and a walk-in pantry, perfect for hosting gatherings. Two spacious living rooms and two cozy fireplaces inside offer inviting spaces to relax while enjoying panoramic lake views. The second living area includes a full-size kitchen with bar top seating and an additional walk-in pantry, ideal for extended family or guests. Balconies on the top two stories deliver breathtaking lake vistas—perfect for morning coffee or evening sunsets. Outdoor amenities include a 2-story boat dock with 2 boat slips and a seadoo slip, providing effortless lake access. The property also offers 2-car covered parking and a storage shed for convenience. Smart home technology allows seamless control of lighting, climate, and security whether you’re home or away. Located within the private, gated Gaines Bend neighborhood, this property offers peace and privacy while still being minutes from marinas, dining, and year-round recreation. Whether you're seeking a full-time residence, weekend retreat, or income-producing rental, this exceptional lakefront home delivers an unmatched Possum Kingdom Lake lifestyle. Properties of this quality are rarely available—schedule your private showing today.

Listing Agent

Brandi Smith

RE/MAX Big Country Brokerage Phone: 325-721-8551 License #0581442 Listed on: 06/10/2025

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $31,309

Year Built

  • Built in 2012

Lot Details

  • 0.53 Acre Lot
  • Lake Front
  • Stone Retaining Walls
  • Landscaped
  • Lawn
  • Back Yard

HOA Fees

  • $83 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 5,311 Sq Ft Home
  • 3-Story Property
  • Wired For Sound
  • Built-In Features
  • Decorative Lighting
  • 3 Fireplaces
  • Wood Burning Fireplace
  • Stone Fireplace

Kitchen

  • Eat-In Kitchen
  • Double Oven
  • Gas Cooktop
  • Microwave
  • Built-In Refrigerator
  • Dishwasher
  • Wine Cooler
  • Kitchen Island
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Walk-In Closet

Laundry

  • Dryer
  • Washer

Parking

  • 2 Detached Carport Spaces
  • Circular Driveway
  • Parking available for a boat

Outdoor Features

  • Boat Slip
  • Docks
  • Covered Patio or Porch

Schools

  • Palo Pinto Elementary School
  • Mineral Wells High School

Utilities

  • Central Heating and Cooling System
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 11 / 1
  • Assessor Parcel Number R000016337

Community Details

Overview

  • Association fees include ground maintenance
  • Pmi Property Management Association
  • Gaines Bend Subdivision
  • Community Lake

Recreation

  • Community Boat Facilities

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$31,309

Year Built

Built in 2012

Lot Details

0

HOA Fees

$83 per month

Listing Details

  • OWNERNAME: Of Record
  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Contemporary/Modern
  • Unit Levels: Three Or More
  • Security: Gated Community
  • Year Built Details: Preowned
  • Water Body Name: Possum Kingdom
  • Attribution Contact: 325-721-8551
  • Co List Office Mls Id: REBCAB
  • Structure Type: House
  • Special Features: VirtualTour
  • Year Built: 2012

Interior Features

  • Square Footage: 5311.0
  • Fireplace Features: Stone, Wood Burning
  • Interior Amenities: Built-in Features, Decorative/Designer Lighting Fixtures, Eat-in Kitchen, Granite Counters, High Speed Internet, Kitchen Island, Pantry, Cable TV, Walk-In Closet(s), Wired for Sound
  • Flooring: Carpet, Ceramic Tile, Wood
  • Appliances: Some Gas Appliances, Built-In Refrigerator, Double Oven, Dryer, Dishwasher, Gas Cooktop, Disposal, Microwave, Plumbed For Gas, Refrigerator, Washer, Wine Cooler
  • Basement YN: No
  • Fireplaces: 3

Beds/Baths

  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 6

Exterior Features

  • Foundation: Slab
  • Community Features: Boat Facilities, Lake, Gated
  • Roof: Composition
  • Construction Materials: Rock, Stone
  • Exterior Features: Boat Slip, Dock
  • Pool Features: None
  • Waterfront: Yes
  • Patio And Porch Features: Covered
  • RoadFrontageType: All Weather Road

Garage/Parking

  • Cooling System: Central Air
  • Carport Spaces: 2.0
  • Total Covered Spaces: 2.0
  • Parking Features: Boat, Circular Driveway, Carport, Detached Carport
  • Attached Garage YN: No
  • GarageYN: No

Utilities

  • Sewer: Septic Tank
  • Heating: Central
  • LaundryFeatures: Washer Hookup, Electric Dryer Hookup
  • Utilities: Electricity Available, Septic Available, Cable Available
  • Heating Yn: Yes

Condo/Co-op/Association

  • HOA Fee Includes: Maintenance Grounds
  • Association Fee: 1000.0
  • Association Fee Frequency: Annually
  • Association Name: PMI Property Management

Schools

  • Elementary School: Palo Pinto
  • High School: Mineral Wells
  • Junior High Dist: Palo Pinto ISD

Lot Info

  • PropertyAttachedYN: Yes
  • Lot Features: Back Yard, Lawn, Landscaped, Waterfront, Retaining Wall
  • Lot Size Units: Acres
  • Lot Size Area: 0.525
  • Parcel Number: R000016337
  • Lot Size Acres: 0.525
  • Lot Size Sq Ft: 22869.0

Building Info

  • Year Built: 2012

Tax Info

  • TaxBlock: 1
  • Tax Lot: 11

Multi Family

  • WaterfrontFeatures: Boat Dock/Slip, Lake Front, Waterfront

MLS Schools

  • MiddleOrJuniorSchool: Palo Pinto

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $31,309 $2,362,710 $754,680 $1,608,030
2023 $29,065 $2,143,700 $446,490 $1,697,210
2022 $19,610 $2,143,700 $446,490 $1,697,210
2021 $21,408 $1,163,540 $314,830 $848,710
2020 $21,976 $1,163,540 $314,830 $848,710
2019 $19,734 $1,076,520 $314,830 $761,690
2018 $24,571 $1,393,610 $314,830 $1,078,780
2017 $22,529 $1,277,820 $328,060 $949,760
2016 $25,568 $1,450,190 $328,060 $1,122,130
2015 $23,182 $1,343,630 $300,000 $1,043,630
2014 $23,182 $1,339,190 $300,000 $1,039,190
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/10/2025 06/10/25 For Sale $5,500,000 -- $1,036 / Sq Ft
Source: North Texas Real Estate Information Systems (NTREIS)

Purchase History

Date Type Sale Price Title Company
Deed -- --
Vendors Lien -- Lawyers Title Company
Warranty Deed -- None Available
Warranty Deed -- Mcknight Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $2,950,000 New Conventional
Previous Owner $62,910 New Conventional
Previous Owner $684,300 Construction
Previous Owner $390,400 New Conventional
Source: Public Records

About the Listing Agent

Brandi Smith

RE/MAX Big Country

(940) 329-5897

Section Image

Featured in the "America's Best Real Estate Agents" National Report and celebrated with the RE/MAX Hall of Fame and Lifetime Achievement awards, Brandi Smith-Perkins is a distinguished Realtor renowned for her deep-seated passion for helping clients realize their dreams. With 16+ years of experience, Brandi’s expertise shines in the residential and farm and ranch markets of Abilene, TX, and its surrounding areas.

Brandi’s passion and success in the field led her to found RE/MAX Big

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Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 20966252

North Texas Real Estate Information Systems (NTREIS)

APN: 124350000