4445 Chapel Road Level Waterfront Lot on Possum Kingdom Lake. Motivated seller! Option to also buy the property directly next door! Discover a one-of-a-kind lakefront property featuring gorgeous mature pecan trees and sprawling, well-kept St. Augustine lawns that gently roll down to a beach-like shoreline. This property offers a truly unique highlight: a man-made peninsula extending toward the heart of the lake, surrounded by a rock wall with built-in swimming steps at the tip, perfect for casting a line, enjoying sunset swims, or simply soaking in panoramic views. The peninsula layout may be able to be repaired, subject to BRA approval. With utilities available and no HOA or building restrictions, the lot offers plenty of room to design and build your dream lake retreat. An older trailer currently sits on the property and will need to be removed, giving you a clean slate to create your vision. For those seeking more space, there is also an option to purchase the adjoining property, creating over an acre of prime lakefront. This is a rare chance to own a property that combines natural beauty, unique design features, and limitless potential—your Possum Kingdom dream starts here.